Linde PLC (LIN) Shares Sold by Loring Wolcott & Coolidge Fiduciary Advisors LLP MA

Loring Wolcott & Coolidge Fiduciary Advisors LLP MA cut its position in Linde PLC (NYSE:LIN) by 44.8% during the first quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 1,865 shares of the basic materials company’s stock after selling 1,516 shares during the period. Loring Wolcott & Coolidge Fiduciary Advisors LLP MA’s holdings in Linde were worth $328,000 as of its most recent SEC filing.

Other large investors have also recently added to or reduced their stakes in the company. BlackRock Inc. acquired a new position in Linde during the fourth quarter worth $4,827,463,000. Norges Bank bought a new position in Linde during the fourth quarter worth about $2,624,717,000. Massachusetts Financial Services Co. MA bought a new position in Linde during the fourth quarter worth about $2,336,558,000. Bank of New York Mellon Corp bought a new position in Linde during the fourth quarter worth about $1,604,835,000. Finally, Oregon Public Employees Retirement Fund bought a new position in Linde during the fourth quarter worth about $60,000. Hedge funds and other institutional investors own 73.06% of the company’s stock.

In related news, CFO Matthew J. White sold 7,749 shares of the firm’s stock in a transaction that occurred on Friday, February 1st. The shares were sold at an average price of $164.99, for a total value of $1,278,507.51. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, CEO Stephen F. Angel sold 54,994 shares of the firm’s stock in a transaction that occurred on Monday, April 8th. The stock was 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 90 days, insiders sold 73,675 shares of company stock worth $13,419,200. 0.23% of the stock is currently owned by company insiders.

Shares of NYSE:LIN traded down $0.72 during trading hours on Wednesday, hitting $179.90. The stock had a trading volume of 14,239 shares, compared to its average volume of 1,621,162. Linde PLC has a 1-year low of $145.95 and a 1-year high of $185.92. The company has a current ratio of 1.33, a quick ratio of 1.21 and a debt-to-equity ratio of 0.22. The firm has a market capitalization of $98.42 billion, a P/E ratio of 30.80, a PEG ratio of 1.90 and a beta of 0.78.

The firm also recently declared a quarterly dividend, which was paid on Friday, March 22nd. Shareholders of record on Friday, March 8th were given a $0.875 dividend. The ex-dividend date was Thursday, March 7th. This represents a $3.50 annualized dividend and a yield of 1.95%. Linde’s dividend payout ratio (DPR) is 28.21%.

A number of equities analysts recently commented on the stock. Societe Generale reaffirmed a “buy” rating on shares of Linde in a research report on Monday. SunTrust Banks raised their target price 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. KeyCorp raised their price target on shares of Linde from $188.00 to $205.00 and gave the company an “overweight” rating in a research note on Wednesday, April 3rd. ValuEngine downgraded shares of Linde from a “buy” rating to a “hold” rating in a research note on Monday, April 1st. Finally, Argus started coverage on shares of Linde in a research note on Friday, March 22nd. They issued a “hold” rating and a $175.10 price target on the stock. Two equities research analysts have rated the stock with a sell rating, six have given a hold rating and ten have given a buy rating to the company’s stock. The company currently has an average rating of “Hold” and a consensus price target of $188.18.

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About Linde

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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Institutional Ownership by Quarter for Linde (NYSE:LIN)

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