Windward Capital Management Co. CA Reduces Holdings in Linde PLC (LIN)

Windward Capital Management Co. CA cut its holdings in shares of Linde PLC (NYSE:LIN) by 0.1% during the first quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 95,463 shares of the basic materials company’s stock after selling 139 shares during the period. Linde accounts for about 2.1% of Windward Capital Management Co. CA’s holdings, making the stock its 20th biggest position. Windward Capital Management Co. CA’s holdings in Linde were worth $16,795,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also made changes to their positions in LIN. Buckley Wealth Management LLC acquired a new stake in Linde in the first quarter valued at $291,000. Moody National Bank Trust Division acquired a new position in shares of Linde during the 1st quarter worth $74,000. Ferguson Wellman Capital Management Inc. raised its stake in shares of Linde by 11.8% during the 1st quarter. Ferguson Wellman Capital Management Inc. now owns 1,796 shares of the basic materials company’s stock worth $316,000 after buying an additional 190 shares during the last quarter. Webster Bank N. A. acquired a new position in shares of Linde during the 1st quarter worth $421,000. Finally, Old North State Trust LLC acquired a new position in shares of Linde during the 1st quarter worth $95,000. Institutional investors and hedge funds own 73.87% of the company’s stock.

Several research analysts have recently issued reports on the company. KeyCorp lifted their price target on Linde from $188.00 to $205.00 and gave the stock an “overweight” rating in a research note on Wednesday, April 3rd. SunTrust Banks lifted their price target on Linde to $196.00 and gave the stock a “buy” rating in a research note on Thursday, April 4th. They noted that the move was a valuation call. Societe Generale reaffirmed a “buy” rating on shares of Linde in a research note on Monday, April 15th. ValuEngine cut 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 set a “hold” rating and a $175.10 price objective for the company. Two research analysts have rated the stock with a sell rating, six have issued a hold rating and ten have issued a buy rating to the company. The company currently has a consensus rating of “Hold” and a consensus price target of $188.18.

LIN traded up $0.47 during midday trading on Friday, hitting $180.96. The company’s stock had a trading volume of 1,248,855 shares, compared to its average volume of 1,671,089. 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 52-week low of $145.95 and a 52-week high of $185.92. The stock has a market capitalization of $98.61 billion, a price-to-earnings ratio of 30.93, a price-to-earnings-growth ratio of 1.97 and a beta of 0.77.

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

In other news, insider Anne K. Roby sold 3,159 shares of the business’s stock in a transaction dated Wednesday, March 20th. The stock was sold at an average price of $176.77, for a total transaction of $558,416.43. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, 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, with a total value of $1,136,256.00. The disclosure for this purchase can be found here. Insiders have sold a total of 65,926 shares of company stock valued at $12,140,692 in the last quarter. Company insiders own 0.23% of the company’s stock.

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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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