CHICAGO TRUST Co NA Sells 141 Shares of Linde plc (NASDAQ:LIN)

CHICAGO TRUST Co NA lowered its position in Linde plc (NASDAQ:LIN) by 11.3% during the fourth quarter, according to its most recent filing with the SEC. The firm owned 1,106 shares of the basic materials company’s stock after selling 141 shares during the period. CHICAGO TRUST Co NA’s holdings in Linde were worth $463,000 as of its most recent filing with the SEC.

Other institutional investors also recently modified their holdings of the company. Redwood Wealth Management Group LLC acquired a new position in Linde in the second quarter valued at approximately $58,000. One Capital Management LLC lifted its position in shares of Linde by 71.9% during the 2nd quarter. One Capital Management LLC now owns 1,095 shares of the basic materials company’s stock valued at $480,000 after acquiring an additional 458 shares during the period. Citizens Financial Group Inc. RI boosted its stake in Linde by 13.8% during the second quarter. Citizens Financial Group Inc. RI now owns 36,112 shares of the basic materials company’s stock worth $15,846,000 after acquiring an additional 4,366 shares in the last quarter. Moors & Cabot Inc. grew its holdings in Linde by 34.1% in the second quarter. Moors & Cabot Inc. now owns 2,164 shares of the basic materials company’s stock worth $950,000 after purchasing an additional 550 shares during the period. Finally, Edgestream Partners L.P. raised its holdings in shares of Linde by 72.3% during the second quarter. Edgestream Partners L.P. now owns 10,641 shares of the basic materials company’s stock valued at $4,669,000 after purchasing an additional 4,465 shares during the period. 82.80% of the stock is owned by institutional investors.

Analysts Set New Price Targets

Several analysts have recently commented on the company. Citigroup decreased their target price on Linde from $490.00 to $480.00 and set a “neutral” rating for the company in a research report on Wednesday, December 18th. TD Cowen upgraded shares of Linde from a “hold” rating to a “buy” rating and boosted their price target for the company from $480.00 to $515.00 in a research note on Monday. BMO Capital Markets increased their price objective on Linde from $477.00 to $507.00 and gave the stock an “outperform” rating in a research note on Friday, November 1st. Erste Group Bank reaffirmed a “hold” rating on shares of Linde in a research report on Tuesday, November 19th. Finally, Deutsche Bank Aktiengesellschaft increased their price target on Linde from $510.00 to $515.00 and gave the company a “buy” rating in a research report on Friday, November 1st. Five investment analysts have rated the stock with a hold rating and nine have assigned a buy rating to the stock. According to data from MarketBeat.com, Linde has a consensus rating of “Moderate Buy” and a consensus price target of $495.75.

Linde Price Performance

Shares of NASDAQ LIN opened at $421.43 on Tuesday. The firm has a market cap of $200.67 billion, a price-to-earnings ratio of 32.00, a price-to-earnings-growth ratio of 2.79 and a beta of 0.94. The stock has a fifty day simple moving average of $439.22 and a two-hundred day simple moving average of $453.16. The company has a current ratio of 0.96, a quick ratio of 0.81 and a debt-to-equity ratio of 0.43. Linde plc has a 1-year low of $396.07 and a 1-year high of $487.49.

Linde (NASDAQ:LIN) last announced its quarterly earnings data on Thursday, October 31st. The basic materials company reported $3.94 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $3.89 by $0.05. The business had revenue of $8.36 billion for the quarter, compared to analysts’ expectations of $8.39 billion. Linde had a return on equity of 18.16% and a net margin of 19.33%. The firm’s quarterly revenue was up 1.9% compared to the same quarter last year. During the same period in the previous year, the business posted $3.63 EPS. Analysts anticipate that Linde plc will post 15.48 earnings per share for the current year.

Linde Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, December 17th. Investors of record on Tuesday, December 3rd were paid a $1.39 dividend. The ex-dividend date was Tuesday, December 3rd. This represents a $5.56 dividend on an annualized basis and a yield of 1.32%. Linde’s dividend payout ratio is 42.22%.

Insider Activity at Linde

In other Linde news, VP David P. Strauss sold 2,218 shares of the stock in a transaction that occurred on Monday, December 16th. The shares were sold at an average price of $434.35, for a total value of $963,388.30. Following the sale, the vice president now directly owns 25,926 shares in the company, valued at $11,260,958.10. This represents a 7.88 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, VP Guillermo Bichara sold 4,385 shares of the business’s stock in a transaction on Wednesday, December 4th. The shares were sold at an average price of $460.73, for a total transaction of $2,020,301.05. Following the transaction, the vice president now owns 22,776 shares of the company’s stock, valued at $10,493,586.48. This trade represents a 16.14 % decrease in their ownership of the stock. The disclosure for this sale can be found here. 0.60% of the stock is owned by company insiders.

About Linde

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.