Avalon Advisors LLC acquired a new position in shares of Linde PLC (NYSE:LIN) in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm acquired 152,888 shares of the basic materials company’s stock, valued at approximately $23,857,000.
A number of other hedge funds also recently modified their holdings of LIN. BlackRock Inc. acquired a new stake in Linde during the fourth quarter worth approximately $4,827,463,000. Massachusetts Financial Services Co. MA acquired a new stake in Linde during the fourth quarter worth approximately $2,336,558,000. Bank of New York Mellon Corp acquired a new stake in Linde during the fourth quarter worth approximately $1,604,835,000. Oregon Public Employees Retirement Fund acquired a new stake in Linde during the fourth quarter worth approximately $60,000. Finally, Geode Capital Management LLC acquired a new stake in Linde during the fourth quarter worth approximately $997,692,000. Hedge funds and other 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. Linde PLC has a 1-year low of $145.95 and a 1-year high of $176.73. The company has a market capitalization of $94.96 billion, a PE ratio of 29.78, a price-to-earnings-growth ratio of 1.88 and a beta of 0.78.
The firm also recently declared a quarterly dividend, which will be paid on Friday, March 22nd. Stockholders 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 dividend yield of 2.01%. Linde’s payout ratio is 28.21%.
In other news, Director Robert L. Wood sold 1,800 shares of Linde stock in a transaction that occurred on Wednesday, December 19th. The shares were 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 Securities & Exchange Commission, which can be accessed through this hyperlink. Also, CFO Matthew J. White sold 7,749 shares of Linde 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 disclosure for this sale can be found here. 0.23% of the stock is currently owned by insiders.
Several equities research analysts have issued reports on LIN shares. Kepler Capital Markets restated a “buy” rating on shares of Linde in a research report on Thursday, November 15th. Citigroup started coverage on shares of Linde in a research report on Monday, January 7th. They issued a “buy” rating for the company. Zacks Investment Research downgraded shares of Linde from a “hold” rating to a “strong sell” rating in a research report on Wednesday, January 2nd. Nord/LB reiterated a “neutral” rating on shares of Linde in a research report on Tuesday, November 20th. Finally, Commerzbank reiterated a “neutral” rating on shares of Linde in a research report on Thursday, November 15th. Two 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 a consensus rating of “Buy” and a consensus target price of $185.20.
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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