Mendota Financial Group LLC Has $114,000 Stock Holdings in Linde plc (NASDAQ:LIN)

Mendota Financial Group LLC lowered its position in shares of Linde plc (NASDAQ:LIN) by 24.8% in the third quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 239 shares of the basic materials company’s stock after selling 79 shares during the quarter. Mendota Financial Group LLC’s holdings in Linde were worth $114,000 at the end of the most recent reporting period.

Other hedge funds also recently made changes to their positions in the company. Retirement Group LLC bought a new position in Linde in the first quarter valued at $25,000. Summit Securities Group LLC bought a new position in shares of Linde in the 2nd quarter valued at about $28,000. Scarborough Advisors LLC acquired a new stake in shares of Linde in the fourth quarter valued at about $30,000. Valued Wealth Advisors LLC raised its holdings in Linde by 49.0% during the first quarter. Valued Wealth Advisors LLC now owns 73 shares of the basic materials company’s stock worth $34,000 after acquiring an additional 24 shares in the last quarter. Finally, J.Safra Asset Management Corp acquired a new position in Linde during the second quarter valued at approximately $42,000. 82.80% of the stock is owned by institutional investors.

Insider Activity

In related news, VP John Panikar sold 10,025 shares of the stock in a transaction that occurred 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 sale, the vice president now owns 17,584 shares of the company’s stock, valued at $8,136,996. This represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through the SEC website. 0.60% of the stock is owned by company insiders.

Analyst Upgrades and Downgrades

Several research firms have weighed in on LIN. Bank of America boosted their price target on Linde from $495.00 to $516.00 and gave the stock a “buy” rating in a research report on Monday, August 5th. Barclays increased their price target on shares of Linde from $460.00 to $510.00 and gave the company an “overweight” rating in a research note on Monday, August 5th. BMO Capital Markets restated an “outperform” rating and set a $477.00 price objective on shares of Linde in a research note on Friday, August 30th. JPMorgan Chase & Co. raised their target price on shares of Linde from $430.00 to $480.00 and gave the company an “overweight” rating in a research note on Monday, August 5th. Finally, UBS Group reduced their price target on Linde from $490.00 to $475.00 and set a “neutral” rating for the company in a report on Tuesday, July 9th. Six analysts have rated the stock with a hold rating and seven have issued a buy rating to the stock. According to MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $484.18.

Linde Price Performance

Shares of NASDAQ LIN opened at $474.04 on Friday. The business’s 50 day moving average is $465.85 and its 200-day moving average is $450.04. The firm has a market cap of $226.35 billion, a P/E ratio of 36.08, a price-to-earnings-growth ratio of 2.94 and a beta of 0.94. Linde plc has a 1-year low of $361.02 and a 1-year high of $483.36. The company has a current ratio of 0.95, a quick ratio of 0.80 and a debt-to-equity ratio of 0.43.

Linde (NASDAQ:LIN) last posted its earnings results on Friday, August 2nd. The basic materials company reported $3.85 earnings per share for the quarter, topping 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 the consensus estimate of $8.30 billion. During the same quarter last year, the firm earned $3.57 earnings per share. The company’s revenue was up 1.2% on a year-over-year basis. Equities research analysts predict that Linde plc will post 15.54 earnings per share for the current year.

Linde Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Wednesday, September 18th. Stockholders of record on Wednesday, September 4th were issued a dividend of $1.39 per share. The ex-dividend date of this dividend was Wednesday, September 4th. This represents a $5.56 annualized dividend and a dividend yield of 1.17%. Linde’s dividend payout ratio is presently 42.31%.

Linde 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.