Nichols & Pratt Advisers LLP MA decreased its holdings in Linde PLC (NYSE:LIN) by 13.2% in the first quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 77,062 shares of the basic materials company’s stock after selling 11,716 shares during the quarter. Linde comprises approximately 1.1% of Nichols & Pratt Advisers LLP MA’s portfolio, making the stock its 29th biggest position. Nichols & Pratt Advisers LLP MA’s holdings in Linde were worth $13,557,000 as of its most recent SEC filing.
A number of other hedge funds have also made changes to their positions in the stock. Great West Life Assurance Co. Can bought a new stake in Linde in the 4th quarter worth about $860,000. Kentucky Retirement Systems Insurance Trust Fund bought a new stake in shares of Linde during the 4th quarter valued at about $1,701,000. JOYN Advisors Inc. bought a new stake in shares of Linde during the 4th quarter valued at about $99,000. Kentucky Retirement Systems bought a new stake in shares of Linde during the 4th quarter valued at about $3,740,000. Finally, State Board of Administration of Florida Retirement System bought a new stake in shares of Linde during the 4th quarter valued at about $117,202,000. 70.81% of the stock is owned by institutional investors.
A number of research firms have issued reports on LIN. Barclays boosted their price target on Linde from $180.00 to $195.00 and gave the company an “equal weight” rating in a research note on Tuesday, May 14th. KeyCorp lifted their price objective on Linde from $188.00 to $205.00 and gave the company an “overweight” rating in a research report on Wednesday, April 3rd. ValuEngine raised Linde from a “hold” rating to a “buy” rating in a research report on Friday, March 15th. Argus started coverage on Linde in a research report on Friday, March 22nd. They set a “hold” rating and a $175.10 price objective on the stock. Finally, SunTrust Banks lifted their price objective on Linde to $196.00 and gave the company a “buy” rating in a research report on Thursday, April 4th. They noted that the move was a valuation call. One analyst has rated the stock with a sell rating, six have given a hold rating and twelve have assigned a buy rating to the company’s stock. The company currently has a consensus rating of “Buy” and a consensus price target of $193.73.
NYSE LIN traded up $2.78 during trading hours on Friday, reaching $187.86. The company’s stock had a trading volume of 1,005,445 shares, compared to its average volume of 1,671,816. The company has a current ratio of 1.35, a quick ratio of 1.20 and a debt-to-equity ratio of 0.22. Linde PLC has a 1 year low of $145.95 and a 1 year high of $189.72. The stock has a market cap of $102.05 billion, a PE ratio of 29.31, a P/E/G ratio of 2.03 and a beta of 0.77.
Linde (NYSE:LIN) last released its quarterly earnings data on Friday, May 10th. The basic materials company reported $1.69 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $1.54 by $0.15. Linde had a return on equity of 14.95% and a net margin of 23.52%. The business had revenue of $6.94 billion for the quarter, compared to the consensus estimate of $7.03 billion. On average, analysts forecast that Linde PLC will post 6.93 EPS for the current fiscal year.
The company also recently disclosed a quarterly dividend, which will be paid on Monday, June 17th. Shareholders of record on Monday, June 3rd will be paid a $0.875 dividend. This represents a $3.50 dividend on an annualized basis and a yield of 1.86%. The ex-dividend date of this dividend is Friday, May 31st.
In other news, CEO Stephen F. Angel sold 54,994 shares of the business’s stock in a transaction that occurred on Monday, April 8th. The stock was sold at an average price of $184.46, for a total transaction of $10,144,193.24. The transaction was disclosed in a filing with the SEC, which is accessible through this link. Also, VP Eduardo F. Menezes sold 19,056 shares of the business’s stock in a transaction that occurred on Friday, May 17th. The shares were sold at an average price of $188.23, for a total value of $3,586,910.88. The disclosure for this sale can be found here. In the last ninety days, insiders sold 84,982 shares of company stock worth $15,727,603. Corporate insiders own 0.23% of the company’s stock.
Linde Company Profile
Linde plc operates as an industrial gas company in primarily North and South America, Europe, the Middle East, Africa, the Asia Pacific, and South Korea. The company offers oxygen, nitrogen, argon, rare gases, carbon monoxide, carbon dioxide, helium, hydrogen, electronic gases, specialty gases, and acetylene.
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