Vigilant Capital Management LLC lowered its stake in shares of Linde PLC (NYSE:LIN) by 1.2% during the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 86,766 shares of the basic materials company’s stock after selling 1,061 shares during the quarter. Linde comprises approximately 2.1% of Vigilant Capital Management LLC’s investment portfolio, making the stock its 15th biggest position. Vigilant Capital Management LLC’s holdings in Linde were worth $15,265,000 as of its most recent SEC filing.
A number of other large investors also recently modified their holdings of LIN. Flagship Harbor Advisors LLC bought a new position in shares of Linde in the 4th quarter worth about $31,000. Sharkey Howes & Javer acquired a new position in Linde during the 4th quarter valued at about $31,000. Kings Point Capital Management acquired a new position in Linde during the 4th quarter valued at about $31,000. Heritage Trust Co acquired a new position in Linde during the 4th quarter valued at about $31,000. Finally, Tarbox Family Office Inc. bought a new position in shares of Linde during the 4th quarter worth approximately $36,000. 73.06% of the stock is currently owned by institutional investors and hedge funds.
Several research firms have commented on LIN. ValuEngine cut shares of Linde from a “buy” rating to a “hold” rating in a research report on Monday, April 1st. SunTrust Banks boosted their price target on shares of 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. KeyCorp upped their target price on shares of Linde from $188.00 to $205.00 and gave the stock an “overweight” rating in a research report on Wednesday, April 3rd. Zacks Investment Research lowered shares of Linde from a “hold” rating to a “sell” rating in a research report on Tuesday, January 8th. Finally, Societe Generale reiterated a “buy” rating on shares of Linde in a research report on Monday. Two equities research analysts have rated the stock with a sell rating, six have given a hold rating and ten have given a buy rating to the company. Linde currently has a consensus rating of “Hold” and an average target price of $188.18.
In related news, CFO Matthew J. White sold 7,773 shares of the business’s stock in a transaction that occurred on Friday, April 5th. The shares were sold at an average price of $185.01, for a total transaction of $1,438,082.73. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, 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 disclosure for this sale can be found here. Insiders sold a total of 73,675 shares of company stock valued at $13,419,200 over the last three months. Corporate insiders own 0.23% of the company’s stock.
Shares of NYSE:LIN traded down $0.12 on Wednesday, reaching $180.50. The company’s stock had a trading volume of 434,837 shares, compared to its average volume of 1,621,162. Linde PLC has a 52-week low of $145.95 and a 52-week high of $185.92. The stock has a market capitalization of $98.42 billion, a P/E ratio of 30.85, a PEG ratio of 1.90 and a beta of 0.78. The company has a quick ratio of 1.21, a current ratio of 1.33 and a debt-to-equity ratio of 0.22.
The firm also recently disclosed a quarterly dividend, which was paid on Friday, March 22nd. Shareholders of record on Friday, March 8th were paid a $0.875 dividend. The ex-dividend date of this dividend was Thursday, March 7th. This represents a $3.50 dividend on an annualized basis and a dividend yield of 1.94%. Linde’s payout ratio is currently 28.21%.
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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