Brown Advisory Inc. acquired a new stake in Linde PLC (NYSE:LIN) in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor acquired 74,459 shares of the basic materials company’s stock, valued at approximately $11,619,000.
Other hedge funds have also added to or reduced their stakes in the company. Flagship Harbor Advisors LLC purchased a new stake in shares of Linde in the 4th quarter valued at approximately $31,000. Sharkey Howes & Javer purchased a new stake in shares of Linde in the 4th quarter valued at approximately $31,000. Heritage Trust Co purchased a new stake in shares of Linde in the 4th quarter valued at approximately $31,000. Tarbox Family Office Inc. purchased a new stake in shares of Linde in the 4th quarter valued at approximately $36,000. Finally, Private Ocean LLC purchased a new stake in shares of Linde in the 4th quarter valued at approximately $35,000. Institutional investors own 70.02% of the company’s stock.
NYSE:LIN opened at $174.21 on Friday. The company has a debt-to-equity ratio of 0.98, a current ratio of 0.86 and a quick ratio of 0.70. The company has a market cap of $94.96 billion, a P/E ratio of 29.78, a P/E/G ratio of 1.88 and a beta of 0.78. Linde PLC has a fifty-two week low of $145.95 and a fifty-two week high of $176.73.
The business also recently disclosed a quarterly dividend, which will be paid on Friday, March 22nd. Investors of record on Friday, March 8th will be given a dividend of $0.875 per share. The ex-dividend date of this dividend is Thursday, March 7th. This represents a $3.50 dividend on an annualized basis and a dividend yield of 2.01%. Linde’s payout ratio is currently 28.21%.
Several research firms have recently weighed in on LIN. ValuEngine raised shares of Linde from a “hold” rating to a “buy” rating in a research note on Friday. Zacks Investment Research cut shares of Linde from a “hold” rating to a “sell” rating in a research note on Tuesday, January 8th. Commerzbank reissued a “neutral” rating on shares of Linde in a research note on Thursday, November 15th. Kepler Capital Markets reissued a “buy” rating on shares of Linde in a research note on Thursday, November 15th. Finally, UBS Group began coverage on shares of Linde in a research note on Thursday, December 6th. They issued a “buy” rating for the company. Two analysts have rated the stock with a sell rating, four have given a hold rating and eleven have issued a buy rating to the stock. Linde currently has a consensus rating of “Buy” and an average target price of $185.20.
In related news, CFO Matthew J. White sold 7,749 shares of the stock in a transaction that occurred on Friday, February 1st. The shares were sold at an average price of $164.99, for a total transaction of $1,278,507.51. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, 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 transaction of $284,454.00. The disclosure for this sale can be found here. Company insiders own 0.23% of the company’s stock.
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Linde Company Profile
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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