Linde PLC (NYSE:LIN) Shares Sold by Cambridge Financial Group Inc.

Cambridge Financial Group Inc. cut its position in Linde PLC (NYSE:LIN) by 1.0% during the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 29,140 shares of the basic materials company’s stock after selling 290 shares during the period. Linde accounts for 3.4% of Cambridge Financial Group Inc.’s holdings, making the stock its 19th largest position. Cambridge Financial Group Inc.’s holdings in Linde were worth $5,041,000 at the end of the most recent quarter.

Several other large investors have also recently modified their holdings of the company. Norges Bank acquired a new stake in shares of Linde in the fourth quarter worth approximately $2,882,740,000. Bank of New York Mellon Corp boosted its stake in Linde by 2.2% during the first quarter. Bank of New York Mellon Corp now owns 9,172,509 shares of the basic materials company’s stock worth $1,586,846,000 after buying an additional 195,514 shares during the last quarter. Geode Capital Management LLC boosted its stake in Linde by 3.3% during the fourth quarter. Geode Capital Management LLC now owns 7,984,617 shares of the basic materials company’s stock worth $1,696,526,000 after buying an additional 256,343 shares during the last quarter. DZ BANK AG Deutsche Zentral Genossenschafts Bank Frankfurt am Main boosted its stake in Linde by 3.6% during the fourth quarter. DZ BANK AG Deutsche Zentral Genossenschafts Bank Frankfurt am Main now owns 6,597,468 shares of the basic materials company’s stock worth $1,406,462,000 after buying an additional 230,568 shares during the last quarter. Finally, Capital International Investors boosted its stake in Linde by 2.6% during the fourth quarter. Capital International Investors now owns 4,015,219 shares of the basic materials company’s stock worth $854,840,000 after buying an additional 99,908 shares during the last quarter. 75.20% of the stock is currently owned by hedge funds and other institutional investors.

In other Linde news, VP Christian Bruch sold 336 shares of the company’s stock in a transaction dated Thursday, March 12th. The stock was sold at an average price of $162.99, for a total transaction of $54,764.64. Following the sale, the vice president now owns 10,629 shares in the company, valued at approximately $1,732,420.71. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. Also, CEO Stephen F. Angel acquired 2,000 shares of the company’s stock in a transaction dated Monday, March 16th. The stock was acquired at an average price of $152.47 per share, for a total transaction of $304,940.00. Following the acquisition, the chief executive officer now owns 201,952 shares in the company, valued at approximately $30,791,621.44. The disclosure for this purchase can be found here. In the last 90 days, insiders have acquired 6,400 shares of company stock worth $1,046,538. 0.70% of the stock is owned by company insiders.

A number of equities analysts have weighed in on LIN shares. Cfra lowered their price objective on Linde from $245.00 to $209.00 and set a “buy” rating on the stock in a research note on Thursday, May 7th. UBS Group reissued a “buy” rating and set a $220.00 price objective (up previously from $210.00) on shares of Linde in a research note on Monday, May 18th. Morgan Stanley lowered their price objective on Linde from $250.00 to $205.00 and set an “overweight” rating on the stock in a research note on Monday, March 30th. 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 note on Friday, May 8th. Finally, Bank of America raised Linde from an “underperform” rating to a “buy” rating in a research note on Friday, March 13th. Six investment analysts have rated the stock with a hold rating and seventeen have given a buy rating to the company’s stock. The company presently has an average rating of “Buy” and an average target price of $212.82.

Shares of LIN stock traded down $2.80 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 company’s 50 day moving average price is $182.72 and its 200-day moving average price is $197.03. The company has a debt-to-equity ratio of 0.21, a current ratio of 0.74 and a quick ratio of 0.63. Linde PLC has a 1 year low of $146.71 and a 1 year high of $227.85. The firm has a market capitalization of $101.71 billion, a P/E ratio of 44.73, a P/E/G ratio of 2.39 and a beta of 0.69.

Linde (NYSE:LIN) last issued its quarterly earnings results on Thursday, May 7th. The basic materials company reported $1.89 earnings per share for the quarter, topping the Thomson Reuters’ 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 company had revenue of $6.74 billion for the quarter, compared to the consensus estimate of $6.74 billion. On average, equities analysts forecast that Linde PLC will post 7.37 EPS for the current year.

The business also recently declared a quarterly dividend, which will be paid on Wednesday, June 17th. Shareholders of record on Wednesday, June 3rd will be issued a dividend of $0.963 per share. The ex-dividend date of this dividend is Tuesday, June 2nd. This represents a $3.85 annualized dividend and a yield of 2.02%. Linde’s dividend payout ratio (DPR) is 52.45%.

About Linde

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.

Featured Article: How are dividend achievers different from dividend aristocrats?

Institutional Ownership by Quarter for Linde (NYSE:LIN)

Receive News & Ratings for Linde Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Linde and related companies with MarketBeat.com's FREE daily email newsletter.