Oakworth Capital Inc. Has $296,000 Position in Linde plc (NASDAQ:LIN)

Oakworth Capital Inc. lifted its position in shares of Linde plc (NASDAQ:LIN) by 55.8% in the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 620 shares of the basic materials company’s stock after buying an additional 222 shares during the period. Oakworth Capital Inc.’s holdings in Linde were worth $296,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds also recently modified their holdings of the company. National Bank of Canada FI raised its holdings in shares of Linde by 46.9% in the 1st quarter. National Bank of Canada FI now owns 48,211 shares of the basic materials company’s stock valued at $20,593,000 after purchasing an additional 15,393 shares during the period. Vident Advisory LLC boosted its stake in shares of Linde by 40.7% during the 1st quarter. Vident Advisory LLC now owns 8,075 shares of the basic materials company’s stock worth $3,750,000 after acquiring an additional 2,337 shares during the period. Choate Investment Advisors increased its holdings in shares of Linde by 23.6% during the 1st quarter. Choate Investment Advisors now owns 18,017 shares of the basic materials company’s stock worth $8,366,000 after acquiring an additional 3,437 shares during the last quarter. Norden Group LLC acquired a new stake in Linde during the 1st quarter valued at $5,041,000. Finally, Tidal Investments LLC lifted its holdings in Linde by 28.7% during the 1st quarter. Tidal Investments LLC now owns 20,071 shares of the basic materials company’s stock valued at $9,319,000 after purchasing an additional 4,479 shares during the last quarter. 82.80% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

Several brokerages recently commented on LIN. Bank of America lifted their target price on shares of Linde from $495.00 to $516.00 and gave the stock a “buy” rating in a report on Monday, August 5th. BMO Capital Markets reiterated an “outperform” rating and set a $477.00 target price on shares of Linde in a research note on Friday, August 30th. Citigroup boosted their price target on Linde from $470.00 to $480.00 and gave the company a “neutral” rating in a research note on Friday, July 12th. UBS Group lowered their price objective on Linde from $490.00 to $475.00 and set a “neutral” rating on the stock in a research report on Tuesday, July 9th. Finally, JPMorgan Chase & Co. boosted their target price on shares of Linde from $430.00 to $480.00 and gave the company an “overweight” rating in a research report on Monday, August 5th. Six equities research analysts have rated the stock with a hold rating and seven have given a buy rating to the company. Based on data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average target price of $484.18.

Linde Stock Performance

NASDAQ LIN opened at $480.90 on Tuesday. The firm’s fifty day moving average price is $470.37 and its two-hundred day moving average price is $450.68. The stock has a market cap of $229.63 billion, a PE ratio of 36.79, a PEG ratio of 3.08 and a beta of 0.94. The company has a debt-to-equity ratio of 0.43, a quick ratio of 0.80 and a current ratio of 0.95. Linde plc has a fifty-two week low of $361.02 and a fifty-two week high of $487.49.

Linde (NASDAQ:LIN) last announced its quarterly earnings results on Friday, August 2nd. The basic materials company reported $3.85 EPS for the quarter, beating analysts’ consensus estimates of $3.79 by $0.06. Linde had a return on equity of 17.92% and a net margin of 19.49%. The company had revenue of $8.30 billion during the quarter, compared to analysts’ expectations of $8.30 billion. During the same period in the prior year, the company earned $3.57 EPS. Linde’s revenue was up 1.2% compared to the same quarter last year. On average, equities analysts expect that Linde plc will post 15.52 EPS for the current fiscal year.

Linde Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Wednesday, September 18th. Investors of record on Wednesday, September 4th were given a dividend of $1.39 per share. This represents a $5.56 annualized dividend and a yield of 1.16%. The ex-dividend date was Wednesday, September 4th. Linde’s dividend payout ratio is currently 42.31%.

Insider Buying and Selling

In related news, VP John Panikar sold 10,025 shares of the firm’s stock in a transaction on Tuesday, September 10th. The stock was sold at an average price of $462.75, for a total transaction of $4,639,068.75. Following the completion of the transaction, the vice president now directly owns 17,584 shares of the company’s stock, valued at $8,136,996. This trade represents a 0.00 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. 0.60% of the stock is owned by corporate insiders.

Linde Company Profile

Linde plc operates as an industrial gas company in the Americas, Europe, the Middle East, Africa, Asia, and South Pacific. It offers atmospheric gases, including oxygen, nitrogen, argon, and rare gases; and process gases, such as carbon dioxide, helium, hydrogen, electronic gases, specialty gases, and acetylene.