Kemper Corp Master Retirement Trust purchased a new position 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 purchased 11,000 shares of the basic materials company’s stock, valued at approximately $1,716,000.
Other hedge funds have also modified their holdings of the company. Private Trust Co. NA bought a new position in shares of Linde during the 4th quarter valued at about $542,000. Neville Rodie & Shaw Inc. bought a new position in shares of Linde during the 4th quarter valued at about $2,910,000. Tower View Investment Management & Research LLC bought a new position in shares of Linde during the 4th quarter valued at about $37,000. Confluence Investment Management LLC bought a new position in shares of Linde during the 4th quarter valued at about $115,455,000. Finally, Bath Savings Trust Co bought a new position in shares of Linde during the 4th quarter valued at about $322,000. Institutional investors and hedge funds own 69.95% of the company’s stock.
Shares of NYSE:LIN opened at $174.48 on Wednesday. The company has a quick ratio of 0.70, a current ratio of 0.86 and a debt-to-equity ratio of 0.98. Linde PLC has a 12 month low of $145.95 and a 12 month high of $176.96. The stock has a market capitalization of $96.19 billion, a P/E ratio of 29.83, a price-to-earnings-growth ratio of 1.84 and a beta of 0.78.
The firm also recently declared a quarterly dividend, which will be paid on Friday, March 22nd. Investors of record on Friday, March 8th will be issued a $0.875 dividend. This represents a $3.50 dividend on an annualized basis and a dividend yield of 2.01%. The ex-dividend date is Thursday, March 7th. Linde’s payout ratio is 28.21%.
In related news, CFO Matthew J. White sold 7,749 shares of the stock in a transaction dated Friday, February 1st. The shares were sold at an average price of $164.99, for a total value of $1,278,507.51. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. 0.23% of the stock is currently owned by company insiders.
Several research firms have commented on LIN. UBS Group began coverage on shares of Linde in a report on Thursday, December 6th. They set a “buy” rating for the company. Societe Generale began coverage on shares of Linde in a report on Tuesday, January 8th. They set a “buy” rating and a $190.00 price objective for the company. SunTrust Banks began coverage on shares of Linde in a report on Tuesday, January 15th. They set a “buy” rating and a $185.00 price objective for the company. ValuEngine downgraded shares of Linde from a “buy” rating to a “hold” rating in a report on Friday, March 1st. Finally, KeyCorp initiated coverage on shares of Linde in a report on Monday, January 14th. They issued an “overweight” rating and a $188.00 price target for the company. Two equities research analysts have rated the stock with a sell rating, four have issued a hold rating and eleven have assigned a buy rating to the company. Linde presently has a consensus rating of “Buy” and an average price target of $185.20.
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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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