Williams Jones & Associates LLC lowered its stake in Linde PLC (NYSE:LIN) by 5.7% during the 1st quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 3,907 shares of the basic materials company’s stock after selling 235 shares during the period. Williams Jones & Associates LLC’s holdings in Linde were worth $687,000 as of its most recent SEC filing.
Several other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Meiji Yasuda Asset Management Co Ltd. increased its holdings in shares of Linde by 13.1% in the first quarter. Meiji Yasuda Asset Management Co Ltd. now owns 13,683 shares of the basic materials company’s stock worth $2,407,000 after buying an additional 1,580 shares during the period. TCG Advisors LP purchased a new position in shares of Linde in the first quarter worth about $53,000. KC Investment Advisors LLC increased its holdings in shares of Linde by 8.4% in the first quarter. KC Investment Advisors LLC now owns 2,203 shares of the basic materials company’s stock worth $388,000 after buying an additional 170 shares during the period. Westwood Holdings Group Inc. purchased a new position in shares of Linde in the first quarter worth about $233,000. Finally, O Shares Investment Advisers LLC increased its holdings in shares of Linde by 2.0% in the first quarter. O Shares Investment Advisers LLC now owns 11,127 shares of the basic materials company’s stock worth $1,958,000 after buying an additional 221 shares during the period. Hedge funds and other institutional investors own 72.88% of the company’s stock.
In other Linde news, CEO Stephen F. Angel sold 56,574 shares of the company’s stock in a transaction that occurred on Thursday, June 6th. The stock was sold at an average price of $197.27, for a total transaction of $11,160,352.98. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. Also, CEO Stephen F. Angel sold 54,994 shares of the company’s stock in a transaction that occurred on Monday, April 8th. The stock was sold at an average price of $184.46, for a total value of $10,144,193.24. The disclosure for this sale can be found here. Insiders have sold a total of 141,556 shares of company stock worth $26,887,956 in the last quarter. Company insiders own 0.23% of the company’s stock.
NYSE:LIN traded up $0.74 during mid-day trading on Thursday, reaching $202.43. 1,688,740 shares of the company’s stock traded hands, compared to its average volume of 1,814,799. Linde PLC has a 12-month low of $145.95 and a 12-month high of $202.28. The company has a market cap of $109.41 billion, a PE ratio of 31.42, a P/E/G ratio of 2.17 and a beta of 0.72. The company has a debt-to-equity ratio of 0.22, a current ratio of 1.35 and a quick ratio of 1.20.
Linde (NYSE:LIN) last announced its quarterly earnings results on Friday, May 10th. The basic materials company reported $1.69 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.54 by $0.15. Linde had a return on equity of 14.95% and a net margin of 23.52%. The company had revenue of $6.94 billion for the quarter, compared to the consensus estimate of $7.03 billion. Analysts expect that Linde PLC will post 6.93 EPS for the current fiscal year.
The firm also recently declared a quarterly dividend, which will be paid on Monday, June 17th. Investors of record on Monday, June 3rd will be issued 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 yield of 1.73%.
LIN has been the topic of several analyst reports. Jefferies Financial Group lifted their price objective on Linde from $205.00 to $216.00 and gave the stock a “buy” rating in a report on Tuesday, May 28th. They noted that the move was a valuation call. DZ Bank upgraded Linde to a “buy” rating in a report on Friday, May 17th. ValuEngine upgraded Linde from a “hold” rating to a “buy” rating in a report on Friday, March 15th. Societe Generale restated a “buy” rating on shares of Linde in a report on Monday, April 15th. Finally, SunTrust Banks boosted their price target on Linde to $196.00 and gave the company a “buy” rating in a report on Thursday, April 4th. They noted that the move was a valuation call. One research analyst has rated the stock with a sell rating, six have issued a hold rating and twelve have issued a buy rating to the company’s stock. The stock has a consensus rating of “Buy” and a consensus target price of $199.14.
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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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