IBM Retirement Fund bought a new position in shares of Linde PLC (NYSE:LIN) in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The firm bought 9,265 shares of the basic materials company’s stock, valued at approximately $1,446,000.

A number of other hedge funds also recently made changes to their positions in the business. Private Trust Co. NA bought a new stake in shares of Linde in the 4th quarter worth approximately $542,000. Neville Rodie & Shaw Inc. bought a new stake in shares of Linde in the 4th quarter worth approximately $2,910,000. Tower View Investment Management & Research LLC bought a new stake in shares of Linde in the 4th quarter worth approximately $37,000. Confluence Investment Management LLC bought a new stake in shares of Linde in the 4th quarter worth approximately $115,455,000. Finally, Bath Savings Trust Co bought a new stake in shares of Linde in the 4th quarter worth approximately $322,000. 70.02% of the stock is owned by institutional investors.

Shares of LIN stock opened at $176.43 on Friday. The company has a current ratio of 0.86, a quick ratio of 0.70 and a debt-to-equity ratio of 0.98. Linde PLC has a 1 year low of $145.95 and a 1 year high of $176.96. The firm has a market cap of $97.22 billion, a price-to-earnings ratio of 30.16, a price-to-earnings-growth ratio of 1.88 and a beta of 0.78.

The firm also recently announced a quarterly dividend, which will be paid on Friday, March 22nd. Shareholders of record on Friday, March 8th will be issued a dividend of $0.875 per share. The ex-dividend date is Thursday, March 7th. This represents a $3.50 dividend on an annualized basis and a yield of 1.98%. Linde’s payout ratio is 28.21%.

In other Linde news, Director Robert L. Wood sold 1,800 shares of the business’s stock in a transaction on Wednesday, December 19th. The shares were sold at an average price of $158.03, for a total transaction of $284,454.00. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, CFO Matthew J. White sold 7,749 shares of the business’s stock in a transaction on Friday, February 1st. The shares were sold at an average price of $164.99, for a total transaction of $1,278,507.51. The disclosure for this sale can be found here. Insiders own 0.23% of the company’s stock.

A number of equities research analysts recently commented on LIN shares. Societe Generale started coverage on shares of Linde in a report on Tuesday, January 8th. They issued a “buy” rating and a $190.00 price target on the stock. Citigroup started coverage on shares of Linde in a report on Monday, January 7th. They issued a “buy” rating on the stock. UBS Group initiated coverage on shares of Linde in a report on Thursday, December 6th. They issued a “buy” rating on the stock. SunTrust Banks initiated coverage on shares of Linde in a report on Tuesday, January 15th. They set a “buy” rating and a $185.00 target price on the stock. Finally, ValuEngine raised shares of Linde from a “hold” rating to a “buy” rating in a report on Friday. Two equities research analysts have rated the stock with a sell rating, four have given a hold rating and eleven have given a buy rating to the stock. The stock has an average rating of “Buy” and an average price target of $185.20.

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Linde Profile

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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Institutional Ownership by Quarter for Linde (NYSE:LIN)

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