Pratt Collard Advisory Partners LLC acquired a new stake in Linde PLC (NYSE:LIN) during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor acquired 1,524 shares of the basic materials company’s stock, valued at approximately $242,000.
Several other hedge funds have also recently made changes to their positions in LIN. Private Trust Co. NA acquired a new stake in Linde during the fourth quarter worth about $542,000. Neville Rodie & Shaw Inc. acquired a new stake in Linde during the fourth quarter worth about $2,910,000. Tower View Investment Management & Research LLC acquired a new stake in Linde during the fourth quarter worth about $37,000. Confluence Investment Management LLC acquired a new stake in Linde during the fourth quarter worth about $115,455,000. Finally, Bath Savings Trust Co acquired a new stake in Linde during the fourth quarter worth about $322,000. 75.30% of the stock is currently owned by institutional investors and hedge funds.
Several research firms recently commented on LIN. Zacks Investment Research lowered Linde from a “hold” rating to a “sell” rating in a report on Tuesday, January 8th. Societe Generale initiated coverage on Linde in a report on Tuesday, January 8th. They issued a “buy” rating and a $190.00 price objective on the stock. Commerzbank reissued a “neutral” rating on shares of Linde in a report on Thursday, November 15th. SunTrust Banks initiated coverage on Linde in a report on Tuesday. They issued a “buy” rating and a $185.00 price objective on the stock. Finally, BMO Capital Markets initiated coverage on Linde in a report on Tuesday, November 6th. They issued a “market perform” rating on the stock. Two investment analysts have rated the stock with a sell rating, four have assigned a hold rating and ten have given a buy rating to the stock. The stock presently has a consensus rating of “Buy” and an average price target of $185.20.
In other news, Director Robert L. Wood sold 1,800 shares of the firm’s 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 transaction was disclosed in a filing with the SEC, which is available at the SEC website. Also, insider Christian Bruch bought 693 shares of the firm’s stock in a transaction dated Friday, November 23rd. The stock was purchased at an average price of $156.49 per share, for a total transaction of $108,447.57. The disclosure for this purchase can be found here. Company insiders own 0.23% of the company’s stock.
NYSE LIN opened at $157.24 on Thursday. The company has a market capitalization of $45.22 billion, a PE ratio of 26.88, a PEG ratio of 1.81 and a beta of 0.80. Linde PLC has a 1-year low of $145.95 and a 1-year high of $166.85. The company has a current ratio of 0.86, a quick ratio of 0.70 and a debt-to-equity ratio of 0.98.
The company also recently announced a special dividend, which was paid on Thursday, December 27th. Stockholders of record on Tuesday, December 18th were given a $0.825 dividend. The ex-dividend date was Monday, December 17th. Linde’s dividend payout ratio (DPR) is presently 42.22%.
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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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