Zions Bancorporation N.A. Has $174,000 Holdings in Linde plc (NASDAQ:LIN)

Zions Bancorporation N.A. lowered its stake in Linde plc (NASDAQ:LIN) by 7.8% in the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 364 shares of the basic materials company’s stock after selling 31 shares during the quarter. Zions Bancorporation N.A.’s holdings in Linde were worth $174,000 as of its most recent SEC filing.

A number of other hedge funds also recently made changes to their positions in LIN. Trifecta Capital Advisors LLC lifted its holdings 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 worth $69,000 after acquiring an additional 21 shares during the last quarter. Prentice Wealth Management LLC boosted its position in Linde by 1.7% during the third quarter. Prentice Wealth Management LLC now owns 1,367 shares of the basic materials company’s stock valued at $652,000 after buying an additional 23 shares during the period. Quotient Wealth Partners LLC grew its stake in shares of Linde by 0.9% during the third quarter. Quotient Wealth Partners LLC now owns 2,706 shares of the basic materials company’s stock valued at $1,290,000 after buying an additional 23 shares during the last quarter. Regent Peak Wealth Advisors LLC increased its holdings in shares of Linde by 1.3% in the third quarter. Regent Peak Wealth Advisors LLC now owns 1,831 shares of the basic materials company’s stock worth $873,000 after buying an additional 23 shares during the period. Finally, Nwam LLC lifted its stake in shares of Linde by 2.5% in the 1st quarter. Nwam LLC now owns 966 shares of the basic materials company’s stock valued at $421,000 after acquiring an additional 24 shares during the last quarter. 82.80% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

LIN has been the subject of several recent research reports. Mizuho boosted their price objective on Linde from $520.00 to $530.00 and gave the company an “outperform” rating in a research report on Friday, November 1st. Bank of America increased their price target on shares of Linde from $495.00 to $516.00 and gave the company a “buy” rating in a research report on Monday, August 5th. JPMorgan Chase & Co. boosted their price objective on shares of Linde from $430.00 to $480.00 and gave the company an “overweight” rating in a research report on Monday, August 5th. Barclays increased their target price on shares of Linde from $460.00 to $510.00 and gave the stock an “overweight” rating in a report on Monday, August 5th. Finally, Deutsche Bank Aktiengesellschaft upped 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. Six investment analysts have rated the stock with a hold rating and eight have issued a buy rating to the stock. According to data from MarketBeat.com, Linde presently has a consensus rating of “Moderate Buy” and a consensus price target of $490.75.

Insiders Place Their Bets

In other Linde news, VP John Panikar sold 10,025 shares of the company’s stock in a transaction dated Tuesday, September 10th. The shares were sold at an average price of $462.75, for a total transaction of $4,639,068.75. Following the transaction, the vice president now owns 17,584 shares in the company, valued at approximately $8,136,996. This represents a 36.31 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Corporate insiders own 0.60% of the company’s stock.

Linde Trading Down 1.0 %

NASDAQ:LIN opened at $449.10 on Friday. Linde plc has a one year low of $396.07 and a one year high of $487.49. The company’s 50-day simple moving average is $470.23 and its 200 day simple moving average is $452.61. The firm has a market capitalization of $213.84 billion, a P/E ratio of 34.10, a PEG ratio of 2.92 and a beta of 0.94. The company has a debt-to-equity ratio of 0.43, a current ratio of 0.96 and a quick ratio of 0.81.

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

Linde Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, December 17th. Shareholders of record on Tuesday, December 3rd will be paid a dividend of $1.39 per share. The ex-dividend date of this dividend is Tuesday, December 3rd. This represents a $5.56 dividend on an annualized basis and a yield of 1.24%. Linde’s dividend payout ratio is currently 42.22%.

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.