Country Club Bank Buys 64 Shares of Linde plc (NASDAQ:LIN)

Country Club Bank grew its position in Linde plc (NASDAQ:LIN) by 1.7% in the second quarter, HoldingsChannel.com reports. The firm owned 3,872 shares of the basic materials company’s stock after acquiring an additional 64 shares during the period. Country Club Bank’s holdings in Linde were worth $1,705,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also recently modified their holdings of the company. Members Trust Co lifted its holdings in shares of Linde by 3.7% in the 1st quarter. Members Trust Co now owns 646 shares of the basic materials company’s stock worth $300,000 after acquiring an additional 23 shares during the last quarter. Regent Peak Wealth Advisors LLC grew its holdings in shares of Linde by 1.3% in the first quarter. Regent Peak Wealth Advisors LLC now owns 1,787 shares of the basic materials company’s stock valued at $830,000 after purchasing an additional 23 shares in the last quarter. Johnson Financial Group Inc. grew its holdings in shares of Linde by 44.4% in the fourth quarter. Johnson Financial Group Inc. now owns 78 shares of the basic materials company’s stock valued at $32,000 after purchasing an additional 24 shares in the last quarter. Valued Wealth Advisors LLC increased its stake in Linde by 49.0% during the 1st quarter. Valued Wealth Advisors LLC now owns 73 shares of the basic materials company’s stock worth $34,000 after buying an additional 24 shares during the period. Finally, CNB Bank boosted its position in Linde by 2.9% in the 1st quarter. CNB Bank now owns 847 shares of the basic materials company’s stock valued at $393,000 after buying an additional 24 shares during the period. 82.80% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

Several brokerages have recently issued reports on LIN. UBS Group decreased their price objective on Linde from $490.00 to $475.00 and set a “neutral” rating for the company in a research note on Tuesday, July 9th. JPMorgan Chase & Co. raised their price target on Linde from $430.00 to $480.00 and gave the company an “overweight” rating in a research note on Monday, August 5th. Mizuho upped their price objective on Linde from $510.00 to $512.00 and gave the stock a “buy” rating in a research report on Friday, May 3rd. HSBC cut their target price on Linde from $458.00 to $452.00 and set a “buy” rating on the stock in a research report on Monday, May 6th. Finally, Citigroup increased their price target on shares of Linde from $470.00 to $480.00 and gave the company a “neutral” rating in a research note on Friday, July 12th. Six investment analysts have rated the stock with a hold rating and seven have issued a buy rating to the company. According to data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $484.18.

Linde Stock Performance

LIN traded up $4.96 on Thursday, hitting $456.14. 1,086,639 shares of the company traded hands, compared to its average volume of 1,951,160. Linde plc has a 12-month low of $361.02 and a 12-month high of $477.71. The company has a 50 day moving average of $441.65 and a 200-day moving average of $442.02. The company has a quick ratio of 0.80, a current ratio of 0.95 and a debt-to-equity ratio of 0.43. The stock has a market capitalization of $217.81 billion, a PE ratio of 35.19, a PEG ratio of 2.80 and a beta of 0.94.

Linde (NASDAQ:LIN) last released its quarterly earnings results on Friday, August 2nd. The basic materials company reported $3.85 EPS for the quarter, topping the consensus estimate of $3.79 by $0.06. The business had revenue of $8.30 billion during the quarter, compared to analysts’ expectations of $8.30 billion. Linde had a return on equity of 17.92% and a net margin of 19.49%. The company’s quarterly revenue was up 1.2% compared to the same quarter last year. During the same quarter in the prior year, the business earned $3.57 earnings per share. Sell-side analysts anticipate that Linde plc will post 15.54 earnings per share for the current year.

Linde Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Wednesday, September 18th. Investors of record on Wednesday, September 4th will be issued a $1.39 dividend. This represents a $5.56 dividend on an annualized basis and a dividend yield of 1.22%. The ex-dividend date of this dividend is Wednesday, September 4th. Linde’s dividend payout ratio is currently 43.13%.

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.