First American Trust FSB purchased a new position in shares of Linde PLC (NYSE:LIN) during the fourth quarter, according to its most recent disclosure with the SEC. The institutional investor purchased 19,012 shares of the basic materials company’s stock, valued at approximately $2,967,000.

A number of other hedge funds have also recently bought and sold shares of the stock. LifePlan Financial Group Inc acquired a new position in Linde during the 4th quarter worth approximately $64,000. YHB Investment Advisors Inc. bought a new stake in Linde during the 4th quarter worth approximately $2,361,000. Cullinan Associates Inc. bought a new stake in Linde during the 4th quarter worth approximately $2,659,000. Mitchell Mcleod Pugh & Williams Inc. bought a new stake in Linde during the 4th quarter worth approximately $500,000. Finally, State of Alaska Department of Revenue bought a new stake in Linde during the 4th quarter worth approximately $12,542,000. 75.34% of the stock is currently owned by institutional investors and hedge funds.

In related news, insider Eduardo F. Menezes sold 6,335 shares of the company’s stock in a transaction that occurred on Thursday, November 29th. The stock was sold at an average price of $156.00, for a total value of $988,260.00. The transaction was disclosed in a filing with the SEC, which is available at this hyperlink. Also, insider Christian Bruch acquired 693 shares of the company’s stock in a transaction that occurred on Friday, November 23rd. The stock was purchased at an average price of $156.49 per share, for a total transaction of $108,447.57. The disclosure for this purchase can be found here. 0.23% of the stock is currently owned by corporate insiders.

Shares of LIN stock traded down $1.64 during trading on Friday, hitting $160.21. The company’s stock had a trading volume of 1,380,391 shares, compared to its average volume of 2,199,935. Linde PLC has a 52 week low of $145.95 and a 52 week high of $166.85. The company has a quick ratio of 0.70, a current ratio of 0.86 and a debt-to-equity ratio of 0.98. The firm has a market cap of $45.57 billion, a PE ratio of 27.39, a P/E/G ratio of 1.79 and a beta of 0.80.

The company also recently disclosed a special dividend, which was paid on Thursday, December 27th. Investors of record on Tuesday, December 18th were paid a $0.825 dividend. The ex-dividend date was Monday, December 17th. Linde’s payout ratio is 42.22%.

LIN has been the subject of a number of recent research reports. Edward Jones initiated coverage on Linde in a report on Wednesday, October 31st. They set a “buy” rating for the company. JPMorgan Chase & Co. initiated coverage on Linde in a report on Friday, November 2nd. They set an “overweight” rating and a $185.00 price objective for the company. Barclays initiated coverage on Linde in a report on Monday, November 5th. They set an “equal weight” rating and a $178.00 price objective for the company. Sanford C. Bernstein initiated coverage on Linde in a report on Monday, November 5th. They set an “underperform” rating for the company. Finally, Zacks Investment Research raised Linde from a “sell” rating to a “hold” rating in a report on Tuesday, November 6th. Two analysts have rated the stock with a sell rating, four have assigned a hold rating and eight have given a buy rating to the company. The stock currently has a consensus rating of “Hold” and an average price target of $184.33.

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Linde Company 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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