Blair William & Co. IL trimmed its position in Linde PLC (NYSE:LIN) by 8.3% in the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 259,244 shares of the basic materials company’s stock after selling 23,461 shares during the quarter. Blair William & Co. IL’s holdings in Linde were worth $44,849,000 at the end of the most recent reporting period.
Several other hedge funds and other institutional investors have also recently modified their holdings of LIN. Waldron Private Wealth LLC grew its position in Linde by 3.7% in the fourth quarter. Waldron Private Wealth LLC now owns 1,319 shares of the basic materials company’s stock valued at $280,000 after acquiring an additional 47 shares during the period. Lido Advisors LLC grew its position in Linde by 1.6% in the fourth quarter. Lido Advisors LLC now owns 2,938 shares of the basic materials company’s stock valued at $626,000 after acquiring an additional 47 shares during the period. Boys Arnold & Co. Inc. grew its position in Linde by 1.9% in the fourth quarter. Boys Arnold & Co. Inc. now owns 2,700 shares of the basic materials company’s stock valued at $575,000 after acquiring an additional 50 shares during the period. Global Financial Private Capital Inc grew its position in Linde by 5.0% in the fourth quarter. Global Financial Private Capital Inc now owns 1,063 shares of the basic materials company’s stock valued at $226,000 after acquiring an additional 51 shares during the period. Finally, Sunbelt Securities Inc. grew its position in Linde by 4.2% in the fourth quarter. Sunbelt Securities Inc. now owns 1,428 shares of the basic materials company’s stock valued at $304,000 after acquiring an additional 58 shares during the period. Institutional investors and hedge funds own 75.20% of the company’s stock.
In related news, CEO Stephen F. Angel bought 3,000 shares of the business’s stock in a transaction on Monday, March 9th. The shares were purchased at an average price of $173.13 per share, with a total value of $519,390.00. Also, CEO Stephen F. Angel bought 2,000 shares of the business’s stock in a transaction on Monday, March 16th. The stock was bought at an average cost of $152.47 per share, for a total transaction of $304,940.00. Following the purchase, the chief executive officer now directly owns 201,952 shares of the company’s stock, valued at approximately $30,791,621.44. The disclosure for this purchase can be found here. Insiders acquired 6,400 shares of company stock worth $1,046,538 in the last three months. Insiders own 0.70% of the company’s stock.
Linde stock traded down $2.80 during mid-day trading on Friday, hitting $190.87. The stock had a trading volume of 1,675,961 shares, compared to its average volume of 1,824,670. The stock has a 50-day simple moving average of $182.72 and a two-hundred day simple moving average of $197.03. The stock has a market capitalization of $101.71 billion, a PE ratio of 44.73, a P/E/G ratio of 2.39 and a beta of 0.69. Linde PLC has a 12 month low of $146.71 and a 12 month high of $227.85. The company has a current ratio of 0.74, a quick ratio of 0.63 and a debt-to-equity ratio of 0.21.
Linde (NYSE:LIN) last posted its quarterly earnings results on Thursday, May 7th. The basic materials company reported $1.89 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.83 by $0.06. Linde had a return on equity of 8.06% and a net margin of 8.35%. The business had revenue of $6.74 billion for the quarter, compared to analysts’ expectations of $6.74 billion. Sell-side analysts expect that Linde PLC will post 7.37 earnings per share for the current fiscal year.
The business also recently announced a quarterly dividend, which will be paid on Wednesday, June 17th. Shareholders of record on Wednesday, June 3rd will be paid a $0.963 dividend. This represents a $3.85 annualized dividend and a yield of 2.02%. The ex-dividend date is Tuesday, June 2nd. Linde’s payout ratio is 52.45%.
A number of brokerages have weighed in on LIN. Bank of America upgraded Linde from an “underperform” rating to a “buy” rating in a research report on Friday, March 13th. JPMorgan Chase & Co. upped their price target on Linde from $187.00 to $200.00 and gave the company a “neutral” rating in a research report on Friday, May 8th. Barclays lowered their price target on Linde from $230.00 to $215.00 and set an “equal weight” rating on the stock in a research report on Wednesday, April 29th. UBS Group restated a “buy” rating and set a $220.00 target price (up previously from $210.00) on shares of Linde in a report on Monday, May 18th. Finally, Cfra decreased their target price on Linde from $245.00 to $209.00 and set a “buy” rating on the stock in a report on Thursday, May 7th. Six analysts have rated the stock with a hold rating and seventeen have issued a buy rating to the stock. Linde presently has a consensus rating of “Buy” and an average price target of $212.82.
Linde plc operates as an industrial gas company in primarily North and South America, Europe, the Middle East, Africa, the Asia Pacific, and South Korea. The company offers oxygen, nitrogen, argon, rare gases, carbon monoxide, carbon dioxide, helium, hydrogen, electronic gases, specialty gases, and acetylene.
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