Taylor Hoffman Wealth Management purchased a new position in shares of Linde PLC (NYSE:LIN) in the first quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm purchased 1,382 shares of the basic materials company’s stock, valued at approximately $243,000.
A number of other institutional investors and hedge funds have also made changes to their positions in LIN. Patriot Financial Group Insurance Agency LLC acquired a new stake in shares of Linde in the first quarter valued at approximately $29,000. Truvestments Capital LLC acquired a new stake in Linde during the 1st quarter worth $30,000. Sharkey Howes & Javer acquired a new stake in Linde during the 4th quarter worth $31,000. Flagship Harbor Advisors LLC acquired a new stake in Linde during the 4th quarter worth $31,000. Finally, Kings Point Capital Management acquired a new stake in Linde during the 4th quarter worth $31,000. Hedge funds and other institutional investors own 70.81% of the company’s stock.
Shares of NYSE LIN traded up $2.78 during midday trading on Friday, reaching $187.86. 1,025,332 shares of the stock were exchanged, compared to its average volume of 1,671,816. The stock has a market cap of $102.37 billion, a price-to-earnings ratio of 29.31, a P/E/G ratio of 2.03 and a beta of 0.77. Linde PLC has a 12 month low of $145.95 and a 12 month high of $189.72. The company has a quick ratio of 1.20, a current ratio of 1.35 and a debt-to-equity ratio of 0.22.
The firm also recently declared a quarterly dividend, which will be paid on Monday, June 17th. Shareholders 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 annualized dividend and a yield of 1.86%.
In other Linde news, insider Anne K. Roby sold 3,159 shares of the business’s stock in a transaction dated Wednesday, March 20th. The shares were 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 SEC, which is available through the SEC website. Also, Director Thomas Enders purchased 6,600 shares of the business’s stock in a transaction on Friday, March 22nd. The shares were acquired at an average cost of $172.16 per share, for a total transaction of $1,136,256.00. The disclosure for this purchase can be found here. Insiders have sold a total of 84,982 shares of company stock worth $15,727,603 over the last three months. Insiders own 0.23% of the company’s stock.
A number of research firms have commented on LIN. Zacks Investment Research raised shares of Linde from a “sell” rating to a “hold” rating in a report on Wednesday, May 15th. DZ Bank raised shares of Linde to a “buy” rating in a report on Friday, May 17th. ValuEngine lowered shares of Linde from a “buy” rating to a “hold” rating in a report on Monday, April 1st. SunTrust Banks lifted their target price on shares of Linde to $196.00 and gave the stock a “buy” rating in a report on Thursday, April 4th. They noted that the move was a valuation call. Finally, Barclays lifted their target price on shares of Linde from $180.00 to $195.00 and gave the stock an “equal weight” rating in a report on Tuesday, May 14th. One 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. Linde currently has an average rating of “Buy” and an average price target of $193.73.
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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