Security National Bank of Sioux City Iowa IA Sells 36 Shares of Linde plc (NASDAQ:LIN)

Security National Bank of Sioux City Iowa IA lowered its position in shares of Linde plc (NASDAQ:LIN) by 0.8% during the 4th quarter, Holdings Channel.com reports. The firm owned 4,332 shares of the basic materials company’s stock after selling 36 shares during the period. Linde accounts for 1.3% of Security National Bank of Sioux City Iowa IA’s investment portfolio, making the stock its 29th largest holding. Security National Bank of Sioux City Iowa IA’s holdings in Linde were worth $1,814,000 at the end of the most recent reporting period.

A number of other hedge funds have also modified their holdings of LIN. Synergy Asset Management LLC purchased a new stake in Linde during the 4th quarter valued at approximately $25,000. Rakuten Securities Inc. boosted its position in shares of Linde by 1,160.0% during the fourth quarter. Rakuten Securities Inc. now owns 63 shares of the basic materials company’s stock worth $26,000 after acquiring an additional 58 shares during the last quarter. Strategic Financial Concepts LLC purchased a new position in Linde during the fourth quarter valued at $28,000. Retirement Wealth Solutions LLC bought a new stake in Linde in the 4th quarter valued at $34,000. Finally, Dunhill Financial LLC bought a new stake in Linde in the 4th quarter valued at $34,000. 82.80% of the stock is currently owned by institutional investors.

Insider Buying and Selling at Linde

In other news, VP Juergen Nowicki sold 6,782 shares of Linde stock in a transaction that occurred on Thursday, February 20th. The shares were sold at an average price of $459.62, for a total transaction of $3,117,142.84. Following the completion of the sale, the vice president now owns 14,765 shares of the company’s stock, valued at approximately $6,786,289.30. The trade was a 31.48% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Also, VP David P. Strauss sold 2,477 shares of the business’s stock in a transaction that occurred on Monday, March 3rd. The shares were sold at an average price of $469.74, for a total value of $1,163,545.98. Following the completion of the sale, the vice president now owns 1,300 shares of the company’s stock, valued at $610,662. The trade was a 65.58% decrease in their position. The disclosure for this sale can be found here. 0.60% of the stock is owned by corporate insiders.

Analyst Ratings Changes

Several research analysts have commented on LIN shares. Sanford C. Bernstein raised shares of Linde to a “strong-buy” rating in a report on Thursday, April 3rd. Argus raised Linde to a “strong-buy” rating in a research note on Tuesday, April 8th. Three analysts have rated the stock with a hold rating, seven have issued a buy rating and two have assigned a strong buy rating to the company. Based on data from MarketBeat.com, Linde currently has a consensus rating of “Moderate Buy” and an average price target of $503.11.

Linde Price Performance

LIN opened at $454.22 on Friday. The business has a fifty day moving average of $450.95 and a 200 day moving average of $447.89. The stock has a market cap of $213.81 billion, a P/E ratio of 33.37, a PEG ratio of 3.08 and a beta of 1.00. The company has a quick ratio of 0.76, a current ratio of 0.89 and a debt-to-equity ratio of 0.39. Linde plc has a 52-week low of $408.65 and a 52-week high of $487.49.

Linde (NASDAQ:LIN) last released its earnings results on Thursday, May 1st. The basic materials company reported $3.95 earnings per share for the quarter, topping the consensus estimate of $3.92 by $0.03. The business had revenue of $8.11 billion during the quarter, compared to the consensus estimate of $8.24 billion. Linde had a return on equity of 18.71% and a net margin of 19.89%. The business’s revenue for the quarter was up .1% compared to the same quarter last year. During the same period last year, the company earned $3.75 earnings per share. As a group, sell-side analysts anticipate that Linde plc will post 16.54 EPS for the current year.

Linde Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, June 18th. Investors of record on Wednesday, June 4th will be issued a dividend of $1.50 per share. The ex-dividend date is Wednesday, June 4th. This represents a $6.00 dividend on an annualized basis and a yield of 1.32%. Linde’s payout ratio is 43.57%.

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.