IBM Retirement Fund Buys New Stake in Linde PLC (LIN)
IBM Retirement Fund bought a new position in Linde PLC (NYSE:LIN) in the 4th quarter, according to its most recent filing with the Securities & Exchange Commission. The fund bought 9,265 shares of the basic materials company’s stock, valued at approximately $1,446,000.
A number of other large investors also recently made changes to their positions in the stock. Flagship Harbor Advisors LLC purchased a new stake in Linde during the fourth quarter valued at about $31,000. Sharkey Howes & Javer purchased a new stake in Linde during the fourth quarter valued at about $31,000. Kings Point Capital Management purchased a new stake in Linde during the fourth quarter valued at about $31,000. Heritage Trust Co purchased a new stake in Linde during the fourth quarter valued at about $31,000. Finally, Tarbox Family Office Inc. purchased a new stake in Linde during the fourth quarter valued at about $36,000. Institutional investors own 70.02% of the company’s stock.
Several research firms have issued reports on LIN. ValuEngine upgraded shares of Linde from a “hold” rating to a “buy” rating in a research report on Friday. Zacks Investment Research lowered shares of Linde from a “hold” rating to a “sell” rating in a research report on Tuesday, January 8th. UBS Group began coverage on shares of Linde in a research report on Thursday, December 6th. They set a “buy” rating for the company. Nord/LB restated a “neutral” rating on shares of Linde in a research report on Tuesday, November 20th. Finally, Citigroup began coverage on shares of Linde in a research note on Monday, January 7th. They set a “buy” rating for the company. Two research analysts have rated the stock with a sell rating, four have assigned a hold rating and eleven have assigned a buy rating to the company’s stock. Linde presently has a consensus rating of “Buy” and an average price target of $185.20.
The company also recently disclosed a quarterly dividend, which will be paid on Friday, March 22nd. Stockholders of record on Friday, March 8th will be paid a dividend of $0.875 per share. This represents a $3.50 annualized dividend and a dividend yield of 1.98%. The ex-dividend date of this dividend is Thursday, March 7th. Linde’s dividend payout ratio (DPR) is 28.21%.
In other news, Director Robert L. Wood sold 1,800 shares of the company’s stock in a transaction dated 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 filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CFO Matthew J. White sold 7,749 shares of the company’s stock in a transaction dated 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. Corporate insiders own 0.23% of the company’s stock.
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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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