Tower View Investment Management & Research LLC purchased a new position in shares of Linde PLC (NYSE:LIN) in the 4th quarter, according to the company in its most recent 13F filing with the SEC. The firm purchased 238 shares of the basic materials company’s stock, valued at approximately $37,000.
Separately, Neville Rodie & Shaw Inc. bought a new position in Linde during the 4th quarter valued at $2,910,000. 75.34% of the stock is owned by hedge funds and other institutional investors.
Shares of NYSE LIN traded down $1.81 during midday trading on Friday, hitting $160.04. 22,678 shares of the company’s stock were exchanged, compared to its average volume of 2,199,935. Linde PLC has a 12-month low of $145.95 and a 12-month high of $166.85. The company has a current ratio of 0.86, a quick ratio of 0.70 and a debt-to-equity ratio of 0.98. The firm has a market capitalization of $45.57 billion, a price-to-earnings ratio of 27.36, a PEG ratio of 1.79 and a beta of 0.80.
The firm also recently disclosed a special dividend, which was paid on Thursday, December 27th. Stockholders of record on Tuesday, December 18th were issued a dividend of $0.825 per share. The ex-dividend date of this dividend was Monday, December 17th. Linde’s payout ratio is 42.22%.
Several equities analysts have weighed in on LIN shares. Kepler Capital Markets restated a “buy” rating on shares of Linde in a research note on Thursday, November 15th. Citigroup initiated coverage on Linde in a research note on Monday. They set a “buy” rating on the stock. Zacks Investment Research cut Linde from a “hold” rating to a “strong sell” rating in a research note on Wednesday, January 2nd. JPMorgan Chase & Co. initiated coverage on Linde in a research note on Friday, November 2nd. They set an “overweight” rating and a $185.00 target price on the stock. Finally, Jefferies Financial Group reiterated a “buy” rating on shares of Linde in a research note on Monday, November 12th. Two research analysts have rated the stock with a sell rating, four have given a hold rating and eight have assigned a buy rating to the company’s stock. The company currently has an average rating of “Hold” and an average target price of $184.33.
In other news, insider Christian Bruch bought 693 shares of the business’s stock in a transaction on Friday, November 23rd. The stock was acquired at an average price of $156.49 per share, with a total value of $108,447.57. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, Director Robert L. Wood sold 1,800 shares of the company’s stock in a transaction that occurred on Wednesday, December 19th. The stock was sold at an average price of $158.03, for a total value of $284,454.00. The disclosure for this sale can be found here. 0.23% of the stock is currently owned by insiders.
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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