Premier Fund Managers Ltd Grows Stock Position in Linde plc (NYSE:LIN)


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Premier Fund Managers Ltd boosted its position in Linde plc (NYSE:LIN) by 119.4% in the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 38,159 shares of the basic materials company’s stock after buying an additional 20,765 shares during the quarter. Premier Fund Managers Ltd’s holdings in Linde were worth $9,992,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other large investors have also recently added to or reduced their stakes in the business. MainStreet Investment Advisors LLC increased its position in Linde by 3.4% in the third quarter. MainStreet Investment Advisors LLC now owns 1,185 shares of the basic materials company’s stock worth $282,000 after buying an additional 39 shares during the last quarter. Patriot Financial Group Insurance Agency LLC grew its position in shares of Linde by 14.0% in the fourth quarter. Patriot Financial Group Insurance Agency LLC now owns 318 shares of the basic materials company’s stock valued at $84,000 after purchasing an additional 39 shares in the last quarter. Delta Asset Management LLC TN grew its position in shares of Linde by 4.8% in the fourth quarter. Delta Asset Management LLC TN now owns 881 shares of the basic materials company’s stock valued at $232,000 after purchasing an additional 40 shares in the last quarter. Flputnam Investment Management Co. grew its position in shares of Linde by 4.2% in the fourth quarter. Flputnam Investment Management Co. now owns 1,047 shares of the basic materials company’s stock valued at $276,000 after purchasing an additional 42 shares in the last quarter. Finally, Highland Private Wealth Management grew its position in shares of Linde by 2.7% in the fourth quarter. Highland Private Wealth Management now owns 1,609 shares of the basic materials company’s stock valued at $424,000 after purchasing an additional 42 shares in the last quarter. 72.64% of the stock is owned by institutional investors and hedge funds.

Shares of Linde stock traded up $1.51 during trading on Tuesday, reaching $252.58. 32,693 shares of the stock traded hands, compared to its average volume of 1,874,368. The company has a debt-to-equity ratio of 0.25, a current ratio of 0.83 and a quick ratio of 0.71. Linde plc has a 52-week low of $146.71 and a 52-week high of $274.58. The business has a fifty day simple moving average of $256.16 and a two-hundred day simple moving average of $248.69. The company has a market capitalization of $132.57 billion, a price-to-earnings ratio of 59.64, a P/E/G ratio of 2.66 and a beta of 0.78.

Linde (NYSE:LIN) last announced its quarterly earnings results on Thursday, February 4th. The basic materials company reported $2.30 EPS for the quarter, beating the Zacks’ consensus estimate of $2.14 by $0.16. Linde had a net margin of 8.29% and a return on equity of 8.56%. The firm had revenue of $7.27 billion during the quarter, compared to the consensus estimate of $6.97 billion. On average, research analysts predict that Linde plc will post 8.08 earnings per share for the current fiscal year.

The firm also recently declared a quarterly dividend, which will be paid on Monday, March 22nd. Investors of record on Friday, March 5th will be issued a $1.06 dividend. This is an increase from Linde’s previous quarterly dividend of $0.96. The ex-dividend date of this dividend is Thursday, March 4th. This represents a $4.24 dividend on an annualized basis and a dividend yield of 1.68%. Linde’s dividend payout ratio (DPR) is presently 52.45%.

Several brokerages have recently weighed in on LIN. Zacks Investment Research cut Linde from a “buy” rating to a “hold” rating in a research report on Thursday, February 18th. BMO Capital Markets lifted their price objective on Linde from $280.00 to $293.00 and gave the company an “outperform” rating in a research note on Friday, November 6th. Barclays reissued an “overweight” rating and set a $285.00 price objective on shares of Linde in a research note on Monday, December 7th. HSBC raised Linde from a “hold” rating to a “buy” rating and set a $272.00 price target for the company in a research note on Wednesday, November 25th. Finally, Berenberg Bank reissued a “buy” rating on shares of Linde in a research note on Wednesday, November 11th. Three investment analysts have rated the stock with a hold rating and twenty-one have assigned a buy rating to the company. The company currently has an average rating of “Buy” and a consensus price target of $260.24.

In related news, insider Kelcey E. Hoyt sold 2,559 shares of the stock in a transaction dated Friday, February 12th. The shares were sold at an average price of $251.66, for a total value of $643,997.94. Following the completion of the transaction, the insider now owns 6,779 shares of the company’s stock, valued at approximately $1,706,003.14. The sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. 0.70% of the stock is currently owned by company insiders.

Linde Profile

Linde plc operates as an industrial gas company in North and South America, Europe, the Middle East, Africa, and the Asia Pacific. The company offers oxygen, nitrogen, argon, rare gases, carbon monoxide, carbon dioxide, helium, hydrogen, electronic gases, specialty gases, and acetylene. It also designs and constructs turnkey process plants, such as olefin, natural gas, air separation, and hydrogen and synthesis gas plants.

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Institutional Ownership by Quarter for Linde (NYSE:LIN)

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