Nachman Norwood & Parrott Inc Has $502,000 Stake in Linde PLC (LIN)

Nachman Norwood & Parrott Inc cut its holdings in shares of Linde PLC (NYSE:LIN) by 9.3% during the first quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 2,855 shares of the basic materials company’s stock after selling 292 shares during the period. Nachman Norwood & Parrott Inc’s holdings in Linde were worth $502,000 at the end of the most recent quarter.

Several other hedge funds have also modified their holdings of LIN. Flagship Harbor Advisors LLC purchased a new stake in Linde in the fourth quarter valued at $31,000. Sharkey Howes & Javer purchased a new stake in Linde in the fourth quarter valued at $31,000. Kings Point Capital Management purchased a new stake in Linde in the fourth quarter valued at $31,000. Heritage Trust Co purchased a new stake in Linde in the fourth quarter valued at $31,000. Finally, Tarbox Family Office Inc. purchased a new stake in shares of Linde during the 4th quarter worth about $36,000. 73.87% of the stock is currently owned by institutional investors and hedge funds.

NYSE:LIN opened at $180.96 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. The company has a market cap of $98.23 billion, a P/E ratio of 30.93, a P/E/G ratio of 1.97 and a beta of 0.77. Linde PLC has a fifty-two week low of $145.95 and a fifty-two week high of $185.92.

The business also recently disclosed a quarterly dividend, which will be paid on Monday, June 17th. Investors of record on Monday, June 3rd will be given a dividend of $0.875 per share. The ex-dividend date is Friday, May 31st. This represents a $3.50 dividend on an annualized basis and a dividend yield of 1.93%. Linde’s payout ratio is currently 28.21%.

In other Linde news, insider Anne K. Roby sold 3,159 shares of the firm’s stock in a transaction that occurred on Wednesday, March 20th. The shares were sold at an average price of $176.77, for a total value of $558,416.43. The sale was disclosed in a legal filing 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 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. Insiders have sold a total of 65,926 shares of company stock valued at $12,140,692 in the last ninety days. 0.23% of the stock is currently owned by corporate insiders.

LIN has been the topic of several recent analyst reports. Societe Generale initiated coverage on shares of Linde in a research note on Tuesday, January 8th. They set a “buy” rating and a $190.00 target price on the stock. SunTrust Banks initiated coverage on shares of Linde in a research note on Tuesday, January 15th. They set a “buy” rating and a $185.00 target price on the stock. KeyCorp initiated coverage on shares of Linde in a research report on Monday, January 14th. They set an “overweight” rating and a $188.00 price target for the company. Citigroup initiated coverage on shares of Linde in a research report on Monday, January 7th. They set a “buy” rating for the company. Finally, Argus initiated coverage on shares of Linde in a research report on Friday, March 22nd. They set a “hold” rating and a $175.10 price target for the company. Two research analysts have rated the stock with a sell rating, six have given a hold rating and ten have assigned a buy rating to the stock. The company currently has an average rating of “Hold” and an average 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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