YHB Investment Advisors Inc. purchased a new stake in shares of Linde PLC (NYSE:LIN) during the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm purchased 15,133 shares of the basic materials company’s stock, valued at approximately $2,361,000.
A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in LIN. Tower View Investment Management & Research LLC acquired a new stake in shares of Linde during the fourth quarter worth $37,000. Cerebellum GP LLC acquired a new position in Linde during the fourth quarter valued at approximately $260,000. Bath Savings Trust Co purchased a new stake in shares of Linde during the fourth quarter valued at approximately $322,000. CHICAGO TRUST Co NA purchased a new stake in shares of Linde during the fourth quarter valued at approximately $369,000. Finally, Woodstock Corp purchased a new stake in shares of Linde during the fourth quarter valued at approximately $373,000. Institutional investors and hedge funds own 75.34% of the company’s stock.
A number of equities research analysts have weighed in on the company. Deutsche Bank assumed coverage on Linde in a research report on Thursday, November 15th. They set a “buy” rating on the stock. Sanford C. Bernstein started coverage on shares of Linde in a report on Monday, November 5th. They set an “underperform” rating for the company. Edward Jones started coverage on shares of Linde in a report on Wednesday, October 31st. They set a “buy” rating for the company. Zacks Investment Research cut shares of Linde from a “hold” rating to a “strong sell” rating in a report on Wednesday, January 2nd. Finally, Jefferies Financial Group reissued a “buy” rating on shares of Linde in a report on Monday, November 12th. Two investment analysts have rated the stock with a sell rating, four have assigned a hold rating and eight have given a buy rating to the company’s stock. Linde presently has an average rating of “Hold” and an average target price of $184.33.
Shares of NYSE:LIN traded down $1.62 during midday trading on Friday, reaching $160.23. The company’s stock had a trading volume of 41,961 shares, compared to its average volume of 2,199,935. Linde PLC has a fifty-two week low of $145.95 and a fifty-two week high of $166.85. The firm has a market cap of $45.57 billion, a PE ratio of 27.39, a price-to-earnings-growth ratio of 1.79 and a beta of 0.80. The company has a debt-to-equity ratio of 0.98, a quick ratio of 0.70 and a current ratio of 0.86.
The business also recently announced a special dividend, which was paid on Thursday, December 27th. Stockholders of record on Tuesday, December 18th were given a dividend of $0.825 per share. The ex-dividend date was Monday, December 17th. Linde’s payout ratio is 42.22%.
In other Linde news, insider Eduardo F. Menezes sold 6,335 shares of the stock in a transaction that occurred on Thursday, November 29th. The stock was sold at an average price of $156.00, for a total value of $988,260.00. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, Director Robert L. Wood sold 1,800 shares of the stock in a transaction that occurred on Wednesday, December 19th. The stock was sold at an average price of $158.03, for a total value of $284,454.00. The disclosure for this sale can be found here. Corporate insiders own 0.23% of the company’s stock.
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Linde plc operates as an industrial gas and engineering company. The company offers oxygen, nitrogen, argon, rare gases, carbon monoxide, carbon dioxide, helium, hydrogen, electronic gases, specialty gases, acetylene, shielding gases, and noble gases, as well as develops and distributes procedures and systems for gas applications.
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