Braun Bostich & Associates Inc. acquired a new stake in Linde PLC (NYSE:LIN) during the first quarter, HoldingsChannel reports. The institutional investor acquired 1,378 shares of the basic materials company’s stock, valued at approximately $242,000.
A number of other large investors have also recently added to or reduced their stakes in the business. BB&T Corp purchased a new stake in Linde in the fourth quarter worth about $800,000. Boenning & Scattergood Inc. purchased a new stake in Linde in the fourth quarter worth about $248,000. Shine Investment Advisory Services Inc. purchased a new stake in Linde in the fourth quarter worth about $52,000. Strs Ohio purchased a new stake in Linde in the fourth quarter worth about $43,663,000. Finally, Harbour Capital Advisors LLC purchased a new stake in Linde in the fourth quarter worth about $350,000. Institutional investors own 70.81% of the company’s stock.
LIN has been the subject of several research analyst reports. ValuEngine lowered shares of Linde from a “buy” rating to a “hold” rating in a report on Friday, March 1st. Argus initiated coverage on shares of Linde in a report on Friday, March 22nd. They issued a “hold” rating and a $175.10 price objective for the company. KeyCorp raised their price objective on shares of Linde from $188.00 to $205.00 and gave the stock an “overweight” rating in a report on Wednesday, April 3rd. SunTrust Banks raised their price objective on shares of Linde to $196.00 and gave the stock a “buy” rating in a report on Thursday, April 4th. They noted that the move was a valuation call. Finally, Societe Generale restated a “buy” rating on shares of Linde in a report on Monday, April 15th. One research analyst has rated the stock with a sell rating, six have given a hold rating and twelve have issued a buy rating to the company. The stock has an average rating of “Buy” and a consensus target price of $193.73.
Linde (NYSE:LIN) last released its earnings results on Friday, May 10th. The basic materials company reported $1.69 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $1.54 by $0.15. Linde had a net margin of 23.52% and a return on equity of 14.95%. The firm had revenue of $6.94 billion during the quarter, compared to analyst estimates of $7.03 billion. Sell-side analysts predict that Linde PLC will post 6.93 EPS for the current year.
The firm also recently announced a quarterly dividend, which will be paid on Monday, June 17th. Stockholders of record on Monday, June 3rd will be issued a dividend of $0.875 per share. The ex-dividend date is Friday, May 31st. This represents a $3.50 annualized dividend and a dividend yield of 1.89%.
In other news, VP Eduardo F. Menezes sold 19,056 shares of Linde stock in a transaction that occurred on Friday, May 17th. The shares were sold at an average price of $188.23, for a total transaction of $3,586,910.88. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, insider Anne K. Roby sold 3,159 shares of Linde stock in a transaction that occurred on Wednesday, March 20th. The shares were sold at an average price of $176.77, for a total transaction of $558,416.43. The disclosure for this sale can be found here. Insiders have sold 84,982 shares of company stock valued at $15,727,603 over the last quarter. Company insiders own 0.23% of the company’s stock.
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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