Pennsylvania Trust Co bought a new position in shares of Linde PLC (NYSE:LIN) during the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund bought 4,184 shares of the basic materials company’s stock, valued at approximately $770,000.
Several other hedge funds and other institutional investors have also recently bought and sold shares of the company. BlackRock Inc. acquired a new position in shares of Linde during the fourth quarter worth $4,827,463,000. Norges Bank acquired a new stake in Linde in the fourth quarter valued at $2,624,717,000. Massachusetts Financial Services Co. MA acquired a new stake in Linde in the fourth quarter valued at $2,336,558,000. Bank of New York Mellon Corp acquired a new stake in Linde in the fourth quarter valued at $1,604,835,000. Finally, Oregon Public Employees Retirement Fund acquired a new stake in Linde in the fourth quarter valued at $60,000. 73.06% of the stock is currently owned by institutional investors and hedge funds.
LIN stock opened at $180.40 on Friday. The company has a debt-to-equity ratio of 0.22, a current ratio of 1.33 and a quick ratio of 1.21. Linde PLC has a 1-year low of $145.95 and a 1-year high of $185.92. The firm has a market cap of $98.30 billion, a price-to-earnings ratio of 30.84, a price-to-earnings-growth ratio of 1.91 and a beta of 0.78.
The firm also recently announced a quarterly dividend, which was paid on Friday, March 22nd. Shareholders of record on Friday, March 8th were paid a dividend of $0.875 per share. The ex-dividend date of this dividend was Thursday, March 7th. This represents a $3.50 annualized dividend and a yield of 1.94%. Linde’s payout ratio is 28.21%.
In other Linde news, CFO Matthew J. White sold 7,749 shares of the business’s stock in a transaction on Friday, February 1st. The shares were sold at an average price of $164.99, for a total transaction of $1,278,507.51. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CEO Stephen F. Angel sold 54,994 shares of the business’s stock in a transaction on Monday, April 8th. The shares were sold at an average price of $184.46, for a total transaction of $10,144,193.24. The disclosure for this sale can be found here. In the last quarter, insiders have sold 73,675 shares of company stock valued at $13,419,200. 0.23% of the stock is owned by insiders.
Several analysts recently issued reports on LIN shares. Societe Generale reaffirmed a “buy” rating on shares of Linde in a report on Monday, April 15th. SunTrust Banks upped their price target on shares of Linde to $196.00 and gave the company a “buy” rating in a report on Thursday, April 4th. They noted that the move was a valuation call. Citigroup started coverage on shares of Linde in a report on Monday, January 7th. They issued a “buy” rating on the stock. ValuEngine raised shares of Linde from a “hold” rating to a “buy” rating in a report on Friday, March 15th. Finally, Argus started coverage on shares of Linde in a report on Friday, March 22nd. They issued a “hold” rating and a $175.10 price target on the stock. Two investment analysts have rated the stock with a sell rating, six have given a hold rating and ten have given a buy rating to the stock. Linde presently has a consensus rating of “Hold” and a consensus target price of $188.18.
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Linde plc operates as an industrial gas company in North and South America, Europe, the Middle East, Africa, and the Asia Pacific. The company offers oxygen, nitrogen, argon, rare gases, carbon monoxide, carbon dioxide, helium, hydrogen, electronic gases, specialty gases, and acetylene. It also designs and constructs turnkey process plants, such as olefin, natural gas, air separation, and hydrogen and synthesis gas plants.
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