Trust Co. of Vermont Has $4.30 Million Stock Holdings in Linde plc (NASDAQ:LIN)

Trust Co. of Vermont boosted its position in shares of Linde plc (NASDAQ:LIN) by 0.9% during the 3rd quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 9,018 shares of the basic materials company’s stock after buying an additional 77 shares during the quarter. Trust Co. of Vermont’s holdings in Linde were worth $4,300,000 as of its most recent SEC filing.

Several other large investors have also recently bought and sold shares of LIN. Trifecta Capital Advisors LLC lifted its stake in shares of Linde by 16.9% in the 3rd quarter. Trifecta Capital Advisors LLC now owns 145 shares of the basic materials company’s stock valued at $69,000 after purchasing an additional 21 shares during the period. Teamwork Financial Advisors LLC acquired a new position in shares of Linde in the 3rd quarter valued at $282,000. Global Retirement Partners LLC lifted its stake in shares of Linde by 5.8% in the 3rd quarter. Global Retirement Partners LLC now owns 4,185 shares of the basic materials company’s stock valued at $1,995,000 after purchasing an additional 230 shares during the period. Good Life Advisors LLC acquired a new position in shares of Linde in the 3rd quarter valued at $255,000. Finally, Naviter Wealth LLC lifted its stake in shares of Linde by 3.3% in the 3rd quarter. Naviter Wealth LLC now owns 6,778 shares of the basic materials company’s stock valued at $3,232,000 after purchasing an additional 214 shares during the period. Institutional investors and hedge funds own 82.80% of the company’s stock.

Wall Street Analyst Weigh In

A number of research analysts have recently weighed in on the company. UBS Group cut their price target on Linde from $490.00 to $475.00 and set a “neutral” rating on the stock in a research note on Tuesday, July 9th. JPMorgan Chase & Co. raised their price objective on Linde from $430.00 to $480.00 and gave the stock an “overweight” rating in a research note on Monday, August 5th. Bank of America raised their price objective on Linde from $495.00 to $516.00 and gave the stock a “buy” rating in a research note on Monday, August 5th. Citigroup raised their price objective on Linde from $470.00 to $480.00 and gave the stock a “neutral” rating in a research note on Friday, July 12th. Finally, BMO Capital Markets reaffirmed an “outperform” rating and set a $477.00 price objective on shares of Linde in a research note on Friday, August 30th. Six research analysts have rated the stock with a hold rating and seven have given a buy rating to the company’s stock. According to data from MarketBeat.com, Linde presently has an average rating of “Moderate Buy” and a consensus price target of $484.18.

Linde Price Performance

LIN stock opened at $486.06 on Friday. The stock has a 50-day moving average price of $468.84 and a two-hundred day moving average price of $450.50. The stock has a market cap of $233.64 billion, a PE ratio of 37.71, a price-to-earnings-growth ratio of 2.94 and a beta of 0.94. 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 plc has a 1 year low of $361.02 and a 1 year high of $487.49.

Linde (NASDAQ:LIN) last released its earnings results on Friday, August 2nd. The basic materials company reported $3.85 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $3.79 by $0.06. The firm 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 revenue was up 1.2% on a year-over-year basis. During the same quarter in the prior year, the company earned $3.57 EPS. Equities analysts forecast that Linde plc will post 15.54 EPS for the current fiscal year.

Linde Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, September 18th. Stockholders of record on Wednesday, September 4th were issued a $1.39 dividend. This represents a $5.56 annualized dividend and a dividend yield of 1.14%. The ex-dividend date was Wednesday, September 4th. Linde’s payout ratio is 43.13%.

Insider Activity

In other news, VP John Panikar sold 10,025 shares of the firm’s stock in a transaction dated Tuesday, September 10th. The stock was sold at an average price of $462.75, for a total value of $4,639,068.75. Following the completion of the transaction, the vice president now owns 17,584 shares in the company, valued at $8,136,996. This trade represents a 0.00 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. 0.70% of the stock is owned by corporate insiders.

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.