UMB Bank n.a. Has $34.25 Million Holdings in Linde plc (NASDAQ:LIN)

UMB Bank n.a. trimmed its position in shares of Linde plc (NASDAQ:LIN) by 1.8% during the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 81,817 shares of the basic materials company’s stock after selling 1,487 shares during the period. UMB Bank n.a.’s holdings in Linde were worth $34,254,000 at the end of the most recent quarter.

Several other hedge funds have also recently bought and sold shares of LIN. Channel Wealth LLC lifted its position in shares of Linde by 30.4% during the 4th quarter. Channel Wealth LLC now owns 7,385 shares of the basic materials company’s stock worth $3,092,000 after buying an additional 1,723 shares during the last quarter. Nordea Investment Management AB boosted its position in Linde by 2.2% in the fourth quarter. Nordea Investment Management AB now owns 2,145,643 shares of the basic materials company’s stock valued at $898,188,000 after buying an additional 46,843 shares in the last quarter. M&T Bank Corp grew its stake in shares of Linde by 6.7% during the third quarter. M&T Bank Corp now owns 79,472 shares of the basic materials company’s stock worth $37,898,000 after buying an additional 5,021 shares during the last quarter. Townsquare Capital LLC increased its holdings in shares of Linde by 16.8% during the third quarter. Townsquare Capital LLC now owns 9,604 shares of the basic materials company’s stock worth $4,580,000 after buying an additional 1,383 shares in the last quarter. Finally, Sumitomo Mitsui DS Asset Management Company Ltd lifted its stake in shares of Linde by 4.4% in the 3rd quarter. Sumitomo Mitsui DS Asset Management Company Ltd now owns 54,975 shares of the basic materials company’s stock valued at $26,215,000 after acquiring an additional 2,312 shares during the last quarter. 82.80% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

A number of equities analysts have issued reports on LIN shares. BMO Capital Markets upped their target price on Linde from $477.00 to $507.00 and gave the stock an “outperform” rating in a report on Friday, November 1st. Erste Group Bank reiterated a “hold” rating on shares of Linde in a report on Tuesday, November 19th. TD Cowen raised shares of Linde from a “hold” rating to a “buy” rating and boosted their target price for the stock from $480.00 to $515.00 in a report on Monday, January 13th. Citigroup dropped their price target on shares of Linde from $490.00 to $480.00 and set a “neutral” rating for the company in a research note on Wednesday, December 18th. Finally, Deutsche Bank Aktiengesellschaft increased their price objective on Linde from $510.00 to $515.00 and gave the company a “buy” rating in a report on Friday, November 1st. Five research analysts have rated the stock with a hold rating and nine have issued a buy rating to the company’s stock. According to MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $495.75.

Insider Activity

In related news, Director Paula Rosput Reynolds purchased 100 shares of the firm’s stock in a transaction that occurred on Thursday, December 12th. The stock was bought at an average cost of $441.34 per share, with a total value of $44,134.00. Following the completion of the purchase, the director now directly owns 233 shares in the company, valued at approximately $102,832.22. This represents a 75.19 % increase in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, VP Guillermo Bichara sold 4,385 shares of the stock in a transaction on Wednesday, December 4th. The stock was sold at an average price of $460.73, for a total value of $2,020,301.05. Following the completion of the transaction, the vice president now owns 22,776 shares of the company’s stock, valued at approximately $10,493,586.48. This trade represents a 16.14 % decrease in their position. The disclosure for this sale can be found here. Insiders own 0.60% of the company’s stock.

Linde Stock Up 0.8 %

Shares of NASDAQ LIN opened at $436.00 on Monday. The company has a current ratio of 0.96, a quick ratio of 0.81 and a debt-to-equity ratio of 0.43. The business has a 50-day moving average of $436.85 and a 200-day moving average of $452.97. The firm has a market capitalization of $207.61 billion, a price-to-earnings ratio of 33.11, a PEG ratio of 2.42 and a beta of 0.94. Linde plc has a 12 month low of $396.07 and a 12 month high of $487.49.

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

Linde Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Tuesday, December 17th. Shareholders of record on Tuesday, December 3rd were given a dividend of $1.39 per share. The ex-dividend date was Tuesday, December 3rd. This represents a $5.56 annualized dividend and a yield of 1.28%. Linde’s payout ratio is 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.