OLD National Bancorp IN decreased its position in shares of Linde PLC (NYSE:LIN) by 34.4% during the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 3,601 shares of the basic materials company’s stock after selling 1,886 shares during the quarter. OLD National Bancorp IN’s holdings in Linde were worth $634,000 as of its most recent SEC filing.
Other hedge funds and other institutional investors have also recently modified their holdings of the company. Nissay Asset Management Corp Japan ADV lifted its holdings in Linde by 17.0% in the 1st quarter. Nissay Asset Management Corp Japan ADV now owns 108,855 shares of the basic materials company’s stock valued at $19,151,000 after purchasing an additional 15,825 shares in the last quarter. Goelzer Investment Management Inc. purchased a new position in Linde in the 1st quarter valued at $365,000. California Public Employees Retirement System lifted its holdings in Linde by 10.1% in the 1st quarter. California Public Employees Retirement System now owns 1,090,523 shares of the basic materials company’s stock valued at $191,856,000 after purchasing an additional 100,381 shares in the last quarter. Jones Financial Companies Lllp lifted its holdings in Linde by 4.3% in the 1st quarter. Jones Financial Companies Lllp now owns 44,252 shares of the basic materials company’s stock valued at $7,785,000 after purchasing an additional 1,843 shares in the last quarter. Finally, Boys Arnold & Co. Inc. purchased a new position in Linde in the 1st quarter valued at $959,000. 74.12% of the stock is currently owned by institutional investors and hedge funds.
NYSE LIN opened at $180.92 on Wednesday. Linde PLC has a 52 week low of $145.95 and a 52 week high of $185.92. The company has a debt-to-equity ratio of 0.22, a quick ratio of 1.21 and a current ratio of 1.35. The firm has a market cap of $98.45 billion, a PE ratio of 28.28, a P/E/G ratio of 1.97 and a beta of 0.77.
The firm 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. 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.
LIN has been the topic of a number of research reports. ValuEngine lowered Linde from a “buy” rating to a “hold” rating in a report on Friday, March 1st. Societe Generale restated a “buy” rating on shares of Linde in a report on Monday, April 15th. SunTrust Banks initiated coverage on Linde in a report on Tuesday, January 15th. They issued a “buy” rating and a $185.00 price objective on the stock. Zacks Investment Research lowered Linde from a “hold” rating to a “sell” rating in a report on Wednesday, May 8th. Finally, BMO Capital Markets upgraded Linde from a “market perform” rating to an “outperform” rating and set a $210.00 price objective on the stock in a report on Monday. One equities research analyst has rated the stock with a sell rating, six have assigned a hold rating and eleven have issued a buy rating to the company. The company currently has a consensus rating of “Buy” and an average price target of $193.73.
In related news, insider Anne K. Roby sold 3,159 shares of the firm’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 filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, Director Thomas Enders acquired 6,600 shares of the business’s stock in a transaction that occurred on Friday, March 22nd. The shares were acquired at an average cost 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 over the last three months. Corporate insiders own 0.23% of the company’s stock.
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.
Further Reading: Mutual Funds
Want to see what other hedge funds are holding LIN? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Linde PLC (NYSE:LIN).
Receive News & Ratings for Linde Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Linde and related companies with MarketBeat.com's FREE daily email newsletter.