US Bancorp DE Has $134.46 Million Stock Holdings in Linde plc (NASDAQ:LIN)

US Bancorp DE increased its position in shares of Linde plc (NASDAQ:LIN) by 0.4% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 327,373 shares of the basic materials company’s stock after acquiring an additional 1,305 shares during the quarter. US Bancorp DE owned about 0.07% of Linde worth $134,456,000 as of its most recent SEC filing.

A number of other institutional investors have also recently bought and sold shares of the company. Provence Wealth Management Group bought a new position in Linde in the third quarter valued at approximately $29,000. Addison Advisors LLC lifted its holdings in shares of Linde by 310.0% in the fourth quarter. Addison Advisors LLC now owns 82 shares of the basic materials company’s stock valued at $34,000 after purchasing an additional 62 shares in the last quarter. Hexagon Capital Partners LLC boosted its position in shares of Linde by 347.6% during the fourth quarter. Hexagon Capital Partners LLC now owns 94 shares of the basic materials company’s stock worth $39,000 after buying an additional 73 shares during the period. Ritter Daniher Financial Advisory LLC DE grew its holdings in shares of Linde by 42.2% during the third quarter. Ritter Daniher Financial Advisory LLC DE now owns 128 shares of the basic materials company’s stock worth $48,000 after buying an additional 38 shares in the last quarter. Finally, Wetzel Investment Advisors Inc. acquired a new stake in Linde in the 4th quarter valued at approximately $53,000. Institutional investors and hedge funds own 82.80% of the company’s stock.

Wall Street Analyst Weigh In

LIN has been the subject of a number of recent research reports. HSBC reduced their price target on Linde from $458.00 to $452.00 and set a “buy” rating for the company in a research report on Monday, May 6th. BMO Capital Markets decreased their target price on shares of Linde from $510.00 to $475.00 and set an “outperform” rating for the company in a research report on Monday, May 6th. Wells Fargo & Company boosted their price target on shares of Linde from $480.00 to $540.00 and gave the stock an “overweight” rating in a research report on Thursday, April 11th. Wolfe Research began coverage on Linde in a report on Friday, March 1st. They issued a “peer perform” rating for the company. Finally, TD Cowen upped their target price on Linde from $395.00 to $455.00 and gave the stock a “market perform” rating in a report on Friday, February 16th. Six equities research analysts have rated the stock with a hold rating and seven have assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, Linde has an average rating of “Moderate Buy” and an average target price of $468.83.

Linde Stock Performance

Shares of LIN traded up $4.74 during mid-day trading on Friday, reaching $437.04. The company’s stock had a trading volume of 362,145 shares, compared to its average volume of 2,111,290. The company has a current ratio of 0.91, a quick ratio of 0.76 and a debt-to-equity ratio of 0.38. Linde plc has a 1-year low of $350.60 and a 1-year high of $477.71. The business has a 50-day simple moving average of $447.60 and a two-hundred day simple moving average of $428.15. The stock has a market cap of $210.08 billion, a P/E ratio of 33.54, a PEG ratio of 2.73 and a beta of 0.94.

Linde (NASDAQ:LIN) last released its quarterly earnings data on Thursday, May 2nd. The basic materials company reported $3.75 EPS for the quarter, topping analysts’ consensus estimates of $3.68 by $0.07. The firm had revenue of $8.10 billion during the quarter, compared to analysts’ expectations of $8.38 billion. Linde had a net margin of 19.26% and a return on equity of 17.49%. The company’s revenue for the quarter was down 1.1% compared to the same quarter last year. During the same period in the previous year, the business posted $3.42 earnings per share. As a group, equities research analysts anticipate that Linde plc will post 15.5 earnings per share for the current fiscal year.

Linde Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Tuesday, June 18th. Shareholders of record on Tuesday, June 4th will be issued a $1.39 dividend. The ex-dividend date of this dividend is Tuesday, June 4th. This represents a $5.56 annualized dividend and a yield of 1.27%. Linde’s dividend payout ratio is currently 43.13%.

Insiders Place Their Bets

In other news, VP Sean Durbin sold 5,277 shares of the company’s stock in a transaction that occurred on Tuesday, March 12th. The stock was sold at an average price of $467.39, for a total value of $2,466,417.03. Following the transaction, the vice president now owns 8,151 shares of the company’s stock, valued at $3,809,695.89. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. In related news, VP Sean Durbin sold 5,277 shares of the firm’s stock in a transaction dated Tuesday, March 12th. The shares were sold at an average price of $467.39, for a total transaction of $2,466,417.03. Following the transaction, the vice president now directly owns 8,151 shares of the company’s stock, valued at $3,809,695.89. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, CFO Matthew J. White sold 51,231 shares of the business’s stock in a transaction dated Monday, March 4th. The shares were sold at an average price of $455.84, for a total transaction of $23,353,139.04. Following the completion of the sale, the chief financial officer now directly owns 57,634 shares of the company’s stock, valued at approximately $26,271,882.56. The disclosure for this sale can be found here. Insiders sold 77,948 shares of company stock worth $35,687,605 over the last three months. Insiders own 0.70% of the company’s stock.

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.