Pinnacle Wealth Planning Services Inc. Takes Position in Linde PLC (LIN)

Pinnacle Wealth Planning Services Inc. acquired a new position in shares of Linde PLC (NYSE:LIN) in the 4th quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund acquired 1,306 shares of the basic materials company’s stock, valued at approximately $204,000.

A number of other hedge funds and other institutional investors have also recently bought and sold shares of LIN. Heritage Trust Co purchased a new stake in Linde in the fourth quarter worth about $31,000. Sharkey Howes & Javer acquired a new position in shares of Linde during the fourth quarter valued at about $31,000. Flagship Harbor Advisors LLC acquired a new position in shares of Linde during the fourth quarter valued at about $31,000. Kings Point Capital Management purchased a new stake in Linde in the fourth quarter valued at approximately $31,000. Finally, Private Ocean LLC purchased a new stake in Linde in the fourth quarter valued at approximately $35,000. 73.06% of the stock is owned by institutional investors.

In other Linde news, Director Thomas Enders bought 6,600 shares of the firm’s stock in a transaction dated Friday, March 22nd. The shares were purchased at an average price of $172.16 per share, for a total transaction of $1,136,256.00. The transaction was disclosed in a document filed with the SEC, which is available through this link. Also, CFO Matthew J. White sold 7,749 shares of the 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 disclosure for this sale can be found here. Insiders have sold a total of 73,675 shares of company stock worth $13,419,200 in the last quarter. Insiders own 0.23% of the company’s stock.

A number of equities research analysts recently commented on the company. Societe Generale reiterated a “buy” rating on shares of Linde in a research report on Monday, April 15th. SunTrust Banks upped their target price on Linde to $196.00 and gave the company a “buy” rating in a research report on Thursday, April 4th. They noted that the move was a valuation call. KeyCorp upped their price objective on Linde from $188.00 to $205.00 and gave the stock an “overweight” rating in a research report on Wednesday, April 3rd. ValuEngine lowered Linde from a “buy” rating to a “hold” rating in a research report on Monday, April 1st. Finally, Argus began coverage on Linde in a research report on Friday, March 22nd. They issued a “hold” rating and a $175.10 price objective on the stock. Two investment analysts have rated the stock with a sell rating, six have issued a hold rating and ten have given a buy rating to the company. Linde presently has an average rating of “Hold” and a consensus price target of $188.18.

Linde stock traded up $0.49 during mid-day trading on Friday, hitting $180.40. The company had a trading volume of 1,547,307 shares, compared to its average volume of 1,672,463. The company has a current ratio of 1.33, a quick ratio of 1.21 and a debt-to-equity ratio of 0.22. Linde PLC has a 12-month low of $145.95 and a 12-month high of $185.92. The firm has a market cap of $98.30 billion, a PE ratio of 30.84, a P/E/G 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. Stockholders of record on Friday, March 8th were given a dividend of $0.875 per share. The ex-dividend date of this dividend was Thursday, March 7th. This represents a $3.50 dividend on an annualized basis and a dividend yield of 1.94%. Linde’s dividend payout ratio (DPR) is 28.21%.

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Linde Company Profile

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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