Thrivent Financial for Lutherans Acquires New Position in Linde PLC (LIN)

Thrivent Financial for Lutherans bought a new position in shares of Linde PLC (NYSE:LIN) during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor bought 24,173 shares of the basic materials company’s stock, valued at approximately $3,772,000.

A number of other institutional investors have also added to or reduced their stakes in LIN. Great West Life Assurance Co. Can acquired a new stake in shares of Linde in the fourth quarter valued at about $860,000. JOYN Advisors Inc. acquired a new stake in shares of Linde in the fourth quarter valued at about $99,000. State Board of Administration of Florida Retirement System acquired a new stake in shares of Linde in the fourth quarter valued at about $117,202,000. State of Alaska Department of Revenue acquired a new stake in shares of Linde in the fourth quarter valued at about $12,542,000. Finally, Lido Advisors LLC acquired a new stake in shares of Linde in the fourth quarter valued at about $424,000. Institutional investors own 73.06% of the company’s stock.

LIN stock traded up $0.49 during midday trading on Friday, reaching $180.40. 1,547,307 shares of the company’s stock traded hands, compared to its average volume of 1,672,463. Linde PLC has a fifty-two week low of $145.95 and a fifty-two week high of $185.92. The company has a quick ratio of 1.21, a current ratio of 1.33 and a debt-to-equity ratio of 0.22. The stock 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 company 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 was Thursday, March 7th. This represents a $3.50 dividend on an annualized basis and a dividend yield of 1.94%. Linde’s payout ratio is currently 28.21%.

In related news, CEO Stephen F. Angel sold 54,994 shares of the company’s stock in a transaction on Monday, April 8th. The shares were sold at an average price of $184.46, for a total value of $10,144,193.24. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, CFO Matthew J. White sold 7,773 shares of the company’s stock in a transaction on Friday, April 5th. The shares were sold at an average price of $185.01, for a total transaction of $1,438,082.73. The disclosure for this sale can be found here. Over the last three months, insiders have sold 73,675 shares of company stock worth $13,419,200. Corporate insiders own 0.23% of the company’s stock.

LIN has been the subject of several recent research reports. Zacks Investment Research downgraded shares of Linde from a “hold” rating to a “strong sell” rating in a report on Wednesday, January 2nd. Citigroup initiated coverage on shares of Linde in a report on Monday, January 7th. They set a “buy” rating for the company. Societe Generale started coverage on shares of Linde in a report on Tuesday, January 8th. They set a “buy” rating and a $190.00 target price for the company. KeyCorp started coverage on shares of Linde in a report on Monday, January 14th. They set an “overweight” rating and a $188.00 price target for the company. Finally, SunTrust Banks started coverage on shares of Linde in a report on Tuesday, January 15th. They set a “buy” rating and a $185.00 price target for the company. Two equities research analysts have rated the stock with a sell rating, six have given a hold rating and ten have issued a buy rating to the company. The stock currently has a consensus rating of “Hold” and an average price target of $188.18.

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Linde 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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