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

Mendota Financial Group LLC decreased its holdings in shares of Linde plc (NASDAQ:LIN) by 24.8% in the 3rd quarter, Holdings Channel reports. The fund owned 239 shares of the basic materials company’s stock after selling 79 shares during the period. Mendota Financial Group LLC’s holdings in Linde were worth $114,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also recently made changes to their positions in the company. Retirement Group LLC acquired a new stake in shares of Linde during the first quarter valued at about $25,000. Summit Securities Group LLC bought a new position in Linde in the 2nd quarter valued at approximately $28,000. Scarborough Advisors LLC acquired a new stake in Linde during the 4th quarter worth approximately $30,000. Strategic Financial Concepts LLC bought a new stake in Linde during the 2nd quarter worth approximately $33,000. Finally, Valued Wealth Advisors LLC increased its position in Linde by 49.0% in the 1st quarter. Valued Wealth Advisors LLC now owns 73 shares of the basic materials company’s stock valued at $34,000 after acquiring an additional 24 shares during the period. Institutional investors own 82.80% of the company’s stock.

Linde Stock Up 1.0 %

Linde stock opened at $474.04 on Friday. The company has a market capitalization of $226.35 billion, a PE ratio of 36.08, a PEG ratio of 2.94 and a beta of 0.94. Linde plc has a 12-month low of $361.02 and a 12-month high of $483.36. The firm’s fifty day moving average is $465.85 and its 200 day moving average is $450.04. The company has a quick ratio of 0.80, a current ratio of 0.95 and a debt-to-equity ratio of 0.43.

Linde (NASDAQ:LIN) last announced its quarterly earnings data on Friday, August 2nd. The basic materials company reported $3.85 earnings per share for the quarter, beating the consensus estimate of $3.79 by $0.06. The firm had revenue of $8.30 billion for the quarter, compared to analyst estimates of $8.30 billion. Linde had a net margin of 19.49% and a return on equity of 17.92%. The business’s quarterly revenue was up 1.2% compared to the same quarter last year. During the same quarter in the prior year, the business earned $3.57 earnings per share. As a group, sell-side analysts predict that Linde plc will post 15.54 EPS for the current fiscal year.

Linde Announces Dividend

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

Insider Buying and Selling at Linde

In other news, VP John Panikar sold 10,025 shares of the company’s 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 transaction, the vice president now directly 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 document filed with the Securities & Exchange Commission, which is available through this link. Insiders own 0.60% of the company’s stock.

Analyst Upgrades and Downgrades

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

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.