300 Shares in Linde PLC (NYSE:LIN) Acquired by TCG Advisors LP
TCG Advisors LP acquired a new stake in shares of Linde PLC (NYSE:LIN) in the 1st quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm acquired 300 shares of the basic materials company’s stock, valued at approximately $53,000.
A number of other large investors have also bought and sold shares of LIN. BlackRock Inc. bought a new stake in Linde during the fourth quarter valued at $4,827,463,000. Norges Bank bought a new stake in Linde during the fourth quarter valued at $2,624,717,000. Massachusetts Financial Services Co. MA bought a new stake in Linde during the fourth quarter valued at $2,336,558,000. Bank of New York Mellon Corp bought a new stake in Linde during the fourth quarter worth about $1,604,835,000. Finally, Oregon Public Employees Retirement Fund bought a new stake in Linde during the fourth quarter worth about $60,000. 72.88% of the stock is owned by institutional investors.
Several equities research analysts have issued reports on the company. Barclays lifted their price target on Linde from $180.00 to $195.00 and gave the stock an “equal weight” rating in a research note on Tuesday, May 14th. KeyCorp lifted their price target on Linde from $188.00 to $205.00 and gave the stock an “overweight” rating in a research note on Wednesday, April 3rd. ValuEngine raised Linde from a “hold” rating to a “buy” rating in a research note on Friday, March 15th. JPMorgan Chase & Co. lifted their price target on Linde from $189.00 to $206.00 and gave the stock an “overweight” rating in a research note on Friday, June 7th. Finally, Argus assumed coverage on Linde in a research note on Friday, March 22nd. They set a “hold” rating and a $175.10 price target for the company. One equities research analyst has rated the stock with a sell rating, six have issued a hold rating and twelve have given a buy rating to the company. The company currently has an average rating of “Buy” and an average price target of $199.14.
Linde (NYSE:LIN) last released its quarterly earnings data on Friday, May 10th. The basic materials company reported $1.69 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $1.54 by $0.15. The firm had revenue of $6.94 billion for the quarter, compared to the consensus estimate of $7.03 billion. Linde had a return on equity of 14.95% and a net margin of 23.52%. On average, sell-side analysts forecast that Linde PLC will post 6.93 EPS for the current year.
The business also recently disclosed a quarterly dividend, which will be paid on Monday, June 17th. Stockholders of record on Monday, June 3rd will be issued a $0.875 dividend. The ex-dividend date of this dividend is Friday, May 31st. This represents a $3.50 annualized dividend and a dividend yield of 1.74%.
In other news, insider Anne K. Roby sold 3,159 shares of Linde stock in a transaction dated Wednesday, March 20th. The stock was sold at an average price of $176.77, for a total value of $558,416.43. The transaction was disclosed in a filing with the SEC, which is available at this link. Also, VP Christian Bruch acquired 1,474 shares of the firm’s stock in a transaction dated Wednesday, May 15th. The stock was bought at an average price of $179.21 per share, for a total transaction of $264,155.54. The disclosure for this purchase can be found here. In the last quarter, insiders sold 141,556 shares of company stock worth $26,887,956. Company insiders own 0.23% of the company’s stock.
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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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