Linde PLC (LIN) Shares Sold by Dean Investment Associates LLC

Dean Investment Associates LLC lowered its holdings in shares of Linde PLC (NYSE:LIN) by 1.0% in the first quarter, HoldingsChannel.com reports. The firm owned 27,599 shares of the basic materials company’s stock after selling 283 shares during the period. Dean Investment Associates LLC’s holdings in Linde were worth $4,855,000 as of its most recent filing with the SEC.

A number of other institutional investors have also bought and sold shares of the stock. Israel Discount Bank of New York bought a new position in Linde during the first quarter worth about $35,000. Commerce Bank lifted its position in Linde by 1.3% during the first quarter. Commerce Bank now owns 25,273 shares of the basic materials company’s stock worth $4,446,000 after acquiring an additional 315 shares during the last quarter. BP PLC lifted its position in Linde by 42.9% during the first quarter. BP PLC now owns 120,000 shares of the basic materials company’s stock worth $21,107,000 after acquiring an additional 36,000 shares during the last quarter. National Asset Management Inc. lifted its position in Linde by 17.6% during the first quarter. National Asset Management Inc. now owns 5,490 shares of the basic materials company’s stock worth $968,000 after acquiring an additional 821 shares during the last quarter. Finally, Tdam USA Inc. lifted its position in Linde by 12.2% during the first quarter. Tdam USA Inc. now owns 28,976 shares of the basic materials company’s stock worth $5,098,000 after acquiring an additional 3,147 shares during the last quarter. Institutional investors and hedge funds own 74.12% of the company’s stock.

NYSE LIN opened at $187.27 on Wednesday. The company has a debt-to-equity ratio of 0.22, a current ratio of 1.35 and a quick ratio of 1.21. Linde PLC has a 1-year low of $145.95 and a 1-year high of $189.45. The company has a market capitalization of $102.99 billion, a PE ratio of 29.58, a price-to-earnings-growth ratio of 2.05 and a beta of 0.77.

Linde (NYSE:LIN) last released its quarterly earnings results on Friday, May 10th. The basic materials company reported $1.69 earnings per share for the quarter, beating analysts’ consensus estimates of $1.54 by $0.15. Linde had a net margin of 23.52% and a return on equity of 14.95%. The company had revenue of $6.94 billion during the quarter, compared to the consensus estimate of $7.03 billion. On average, sell-side analysts anticipate that Linde PLC will post 6.93 earnings per share for the current year.

The firm also recently declared a quarterly dividend, which will be paid on Monday, June 17th. Stockholders of record on Monday, June 3rd will be given a $0.875 dividend. The ex-dividend date is Friday, May 31st. This represents a $3.50 dividend on an annualized basis and a dividend yield of 1.87%.

In other Linde news, Director Thomas Enders purchased 6,600 shares of the company’s stock in a transaction dated Friday, March 22nd. The stock was bought at an average cost of $172.16 per share, for a total transaction of $1,136,256.00. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. Also, CEO Stephen F. Angel sold 54,994 shares of Linde 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. Over the last quarter, insiders sold 84,982 shares of company stock valued at $15,727,603. 0.23% of the stock is owned by company insiders.

LIN has been the subject of several research reports. ValuEngine downgraded shares of Linde from a “buy” rating to a “hold” rating in a research report on Friday, March 1st. Societe Generale restated a “buy” rating on shares of Linde in a research report on Monday, April 15th. Zacks Investment Research downgraded shares of Linde from a “hold” rating to a “sell” rating in a research report on Wednesday, May 8th. BMO Capital Markets upgraded shares of Linde from a “market perform” rating to an “outperform” rating and set a $210.00 price objective for the company in a research report on Monday, May 13th. Finally, DZ Bank upgraded shares of Linde to a “buy” rating in a research report on Friday, May 17th. One equities research analyst has rated the stock with a sell rating, six have assigned a hold rating and twelve have issued a buy rating to the company’s stock. The company presently has an average rating of “Buy” and a consensus price target of $193.73.

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Linde Company Profile

Linde plc operates as an industrial gas company in primarily North and South America, Europe, the Middle East, Africa, the Asia Pacific, and South Korea. The company offers oxygen, nitrogen, argon, rare gases, carbon monoxide, carbon dioxide, helium, hydrogen, electronic gases, specialty gases, and acetylene.

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Institutional Ownership by Quarter for Linde (NYSE:LIN)

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