Blair William & Co. IL Has $44.85 Million Stock Holdings in Linde PLC (NYSE:LIN)

Blair William & Co. IL cut its stake in Linde PLC (NYSE:LIN) by 8.3% in the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 259,244 shares of the basic materials company’s stock after selling 23,461 shares during the period. Blair William & Co. IL’s holdings in Linde were worth $44,849,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors also recently made changes to their positions in LIN. First Trust Advisors LP raised its holdings in shares of Linde by 450.4% during the 1st quarter. First Trust Advisors LP now owns 14,668 shares of the basic materials company’s stock worth $2,581,000 after buying an additional 12,003 shares in the last quarter. AE Wealth Management LLC raised its holdings in shares of Linde by 6.3% during the 4th quarter. AE Wealth Management LLC now owns 1,415 shares of the basic materials company’s stock worth $301,000 after buying an additional 84 shares in the last quarter. Squar Milner Financial Services LLC raised its holdings in shares of Linde by 131.3% during the 4th quarter. Squar Milner Financial Services LLC now owns 148 shares of the basic materials company’s stock worth $31,000 after buying an additional 84 shares in the last quarter. Wealthfront Advisers LLC raised its holdings in shares of Linde by 6.6% during the 4th quarter. Wealthfront Advisers LLC now owns 5,296 shares of the basic materials company’s stock worth $1,128,000 after buying an additional 329 shares in the last quarter. Finally, NEXT Financial Group Inc raised its holdings in shares of Linde by 21.5% during the 4th quarter. NEXT Financial Group Inc now owns 837 shares of the basic materials company’s stock worth $178,000 after buying an additional 148 shares in the last quarter. 75.20% of the stock is owned by hedge funds and other institutional investors.

Shares of Linde stock traded down $2.80 on Friday, hitting $190.87. The company had a trading volume of 1,675,961 shares, compared to its average volume of 1,824,670. The stock has a market capitalization of $101.71 billion, a price-to-earnings ratio of 44.73, a P/E/G ratio of 2.39 and a beta of 0.69. Linde PLC has a 1 year low of $146.71 and a 1 year high of $227.85. The stock has a 50 day moving average of $182.72 and a 200-day moving average of $197.03. The company has a debt-to-equity ratio of 0.21, a quick ratio of 0.63 and a current ratio of 0.74.

Linde (NYSE:LIN) last released its earnings results on Thursday, May 7th. The basic materials company reported $1.89 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.83 by $0.06. Linde had a return on equity of 8.06% and a net margin of 8.35%. The company had revenue of $6.74 billion during the quarter, compared to analyst estimates of $6.74 billion. Equities analysts anticipate that Linde PLC will post 7.37 earnings per share for the current year.

The business also recently declared a quarterly dividend, which will be paid on Wednesday, June 17th. Stockholders of record on Wednesday, June 3rd will be issued a $0.963 dividend. This represents a $3.85 dividend on an annualized basis and a dividend yield of 2.02%. The ex-dividend date of this dividend is Tuesday, June 2nd. Linde’s payout ratio is currently 52.45%.

In other Linde news, CEO Stephen F. Angel acquired 2,000 shares of the stock in a transaction that occurred on Monday, March 16th. The shares were bought at an average price of $152.47 per share, for a total transaction of $304,940.00. Following the completion of the transaction, the chief executive officer now owns 201,952 shares of the company’s stock, valued at approximately $30,791,621.44. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. Also, Director Franz Fehrenbach acquired 1,400 shares of the stock in a transaction that occurred on Tuesday, March 17th. The stock was acquired at an average price of $158.72 per share, for a total transaction of $222,208.00. Following the transaction, the director now directly owns 3,113 shares of the company’s stock, valued at approximately $494,095.36. The disclosure for this purchase can be found here. Insiders bought 6,400 shares of company stock valued at $1,046,538 over the last ninety days. Corporate insiders own 0.70% of the company’s stock.

LIN has been the subject of a number of research analyst reports. Barclays lowered their price target on Linde from $230.00 to $215.00 and set an “equal weight” rating for the company in a report on Wednesday, April 29th. Morgan Stanley lowered their price target on Linde from $250.00 to $205.00 and set an “overweight” rating for the company in a report on Monday, March 30th. Berenberg Bank restated a “buy” rating on shares of Linde in a research report on Wednesday, May 13th. Goldman Sachs Group upgraded Linde from a “neutral” rating to a “buy” rating and set a $192.00 price objective on the stock in a research report on Monday, March 30th. Finally, Sanford C. Bernstein restated a “hold” rating on shares of Linde in a research report on Thursday, May 7th. Six research analysts have rated the stock with a hold rating and seventeen have issued a buy rating to the company’s stock. The company currently has a consensus rating of “Buy” and an average price target of $212.82.

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.

Further Reading: Circuit Breakers

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Institutional Ownership by Quarter for Linde (NYSE:LIN)

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