Traders bought shares of Linde PLC (NYSE:LIN) on weakness during trading hours on Monday. $66.86 million flowed into the stock on the tick-up and $33.05 million flowed out of the stock on the tick-down, for a money net flow of $33.81 million into the stock. Of all equities tracked, Linde had the 20th highest net in-flow for the day. Linde traded down ($1.88) for the day and closed at $174.55
LIN has been the subject of a number of recent analyst reports. Zacks Investment Research cut Linde from a “hold” rating to a “strong sell” rating in a report on Wednesday, January 2nd. Societe Generale initiated coverage on Linde in a report on Tuesday, January 8th. They set a “buy” rating and a $190.00 price target for the company. SunTrust Banks initiated coverage on Linde in a report on Tuesday, January 15th. They set a “buy” rating and a $185.00 price target for the company. KeyCorp initiated coverage on Linde in a report on Monday, January 14th. They set an “overweight” rating and a $188.00 price target for the company. Finally, Citigroup initiated coverage on Linde in a report on Monday, January 7th. They set a “buy” rating for the company. Two equities research analysts have rated the stock with a sell rating, four have assigned a hold rating and eleven have given a buy rating to the company’s stock. The stock has an average rating of “Buy” and a consensus target price of $185.20.
The stock has a market cap of $97.22 billion, a P/E ratio of 29.84, a price-to-earnings-growth ratio of 1.88 and a beta of 0.78. 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 also recently disclosed a quarterly dividend, which will be paid on Friday, March 22nd. Shareholders of record on Friday, March 8th will be given a $0.875 dividend. The ex-dividend date is Thursday, March 7th. This represents a $3.50 dividend on an annualized basis and a yield of 2.01%. Linde’s payout ratio is 28.21%.
In other Linde news, CFO Matthew J. White sold 7,749 shares of the stock in a transaction on Friday, February 1st. The stock was sold at an average price of $164.99, for a total value of $1,278,507.51. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, Director Robert L. Wood sold 1,800 shares of the stock in a transaction on Wednesday, December 19th. The shares were 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. 0.23% of the stock is currently owned by company insiders.
Institutional investors and hedge funds have recently made changes to their positions in the business. BlackRock Inc. acquired a new stake in Linde in the fourth quarter valued at $4,827,463,000. Norges Bank purchased a new position in shares of Linde in the fourth quarter valued at about $2,624,717,000. Massachusetts Financial Services Co. MA purchased a new position in shares of Linde in the fourth quarter valued at about $2,336,558,000. Bank of New York Mellon Corp purchased a new position in shares of Linde in the fourth quarter valued at about $1,604,835,000. Finally, Oregon Public Employees Retirement Fund purchased a new position in shares of Linde in the fourth quarter valued at about $60,000. Hedge funds and other institutional investors own 70.02% of the company’s stock.
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Linde Company Profile (NYSE:LIN)
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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