Chevy Chase Trust Holdings LLC Has $115.57 Million Stock Position in Linde plc (NASDAQ:LIN)

Chevy Chase Trust Holdings LLC trimmed its position in Linde plc (NASDAQ:LIN - Free Report) by 2.2% in the second quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 263,375 shares of the basic materials company's stock after selling 6,012 shares during the period. Chevy Chase Trust Holdings LLC owned approximately 0.05% of Linde worth $115,572,000 at the end of the most recent quarter.

Other institutional investors have also added to or reduced their stakes in the company. Members Trust Co raised its holdings in Linde by 3.7% in the first quarter. Members Trust Co now owns 646 shares of the basic materials company's stock worth $300,000 after purchasing an additional 23 shares in the last quarter. Regent Peak Wealth Advisors LLC boosted its holdings in shares of Linde by 1.3% during the 1st quarter. Regent Peak Wealth Advisors LLC now owns 1,787 shares of the basic materials company's stock valued at $830,000 after acquiring an additional 23 shares during the last quarter. Johnson Financial Group Inc. raised its holdings in shares of Linde by 44.4% during the fourth quarter. Johnson Financial Group Inc. now owns 78 shares of the basic materials company's stock valued at $32,000 after purchasing an additional 24 shares during the last quarter. Valued Wealth Advisors LLC boosted its holdings in Linde by 49.0% in the first quarter. Valued Wealth Advisors LLC now owns 73 shares of the basic materials company's stock worth $34,000 after purchasing an additional 24 shares during the last quarter. Finally, CNB Bank grew its position in Linde by 2.9% in the 1st quarter. CNB Bank now owns 847 shares of the basic materials company's stock worth $393,000 after purchasing an additional 24 shares during the period. 82.80% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

Several research firms have recently weighed in on LIN. JPMorgan Chase & Co. increased their price target on Linde from $430.00 to $480.00 and gave the company an "overweight" rating in a report on Monday, August 5th. Citigroup boosted their price target on Linde from $470.00 to $480.00 and gave the company a "neutral" rating in a research note on Friday, July 12th. HSBC lowered their price objective on shares of Linde from $458.00 to $452.00 and set a "buy" rating on the stock in a research note on Monday, May 6th. Mizuho boosted their target price on shares of Linde from $510.00 to $512.00 and gave the company a "buy" rating in a research report on Friday, May 3rd. Finally, UBS Group dropped their price target on shares of Linde from $490.00 to $475.00 and set a "neutral" rating on the stock in a research note on Tuesday, July 9th. Six 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, Linde has an average rating of "Moderate Buy" and a consensus price target of $484.18.

Linde Price Performance

LIN stock traded down $0.51 during midday trading on Tuesday, hitting $458.07. The company's stock had a trading volume of 1,115,628 shares, compared to its average volume of 1,934,970. 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 plc has a 12 month low of $361.02 and a 12 month high of $477.71. The company has a 50 day moving average of $443.09 and a two-hundred day moving average of $443.34. The firm has a market capitalization of $220.18 billion, a price-to-earnings ratio of 35.58, a price-to-earnings-growth ratio of 2.83 and a beta of 0.94.

Linde (NASDAQ:LIN - Get Free Report) last posted its earnings results 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. Linde had a net margin of 19.49% and a return on equity of 17.92%. The company had revenue of $8.30 billion during the quarter, compared to analysts' expectations of $8.30 billion. During the same period last year, the company posted $3.57 earnings per share. Linde's quarterly revenue was up 1.2% on a year-over-year basis. On average, analysts expect that Linde plc will post 15.54 EPS for the current year.

Linde Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, September 18th. Stockholders of record on Wednesday, September 4th will be issued a $1.39 dividend. The ex-dividend date of this dividend is Wednesday, September 4th. This represents a $5.56 dividend on an annualized basis and a dividend yield of 1.21%. Linde's dividend payout ratio (DPR) is presently 43.13%.

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.

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