Triangle Securities Wealth Management lessened its stake in shares of Linde PLC (NYSE:LIN) by 3.0% in the 1st quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 5,604 shares of the basic materials company’s stock after selling 173 shares during the period. Triangle Securities Wealth Management’s holdings in Linde were worth $986,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in LIN. Heritage Trust Co acquired a new position in shares of Linde during the 4th quarter worth about $31,000. Sharkey Howes & Javer acquired a new position in shares of Linde during the 4th quarter worth about $31,000. Flagship Harbor Advisors LLC acquired a new position in shares of Linde during the 4th quarter worth about $31,000. Kings Point Capital Management acquired a new position in shares of Linde during the 4th quarter worth about $31,000. Finally, Private Ocean LLC purchased a new stake in Linde during the 4th quarter valued at about $35,000. Hedge funds and other institutional investors own 73.06% of the company’s stock.

In other news, Director Thomas Enders purchased 6,600 shares of the company’s stock in a transaction dated Friday, March 22nd. The stock was acquired at an average price of $172.16 per share, with a total value of $1,136,256.00. The acquisition was disclosed in a filing with the SEC, which is available through the SEC website. Also, insider Anne K. Roby sold 3,159 shares of the 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. In the last three months, insiders sold 73,675 shares of company stock valued at $13,419,200. Corporate insiders own 0.23% of the company’s stock.

NYSE LIN traded up $0.14 during trading hours on Wednesday, hitting $183.04. 20,320 shares of the company’s stock traded hands, compared to its average volume of 1,683,976. Linde PLC has a 52-week low of $145.95 and a 52-week high of $185.92. The stock has a market cap of $101.73 billion, a PE ratio of 31.28, a P/E/G ratio of 1.95 and a beta of 0.78. The company has a current ratio of 1.33, a quick ratio of 1.21 and a debt-to-equity ratio of 0.22.

The company also recently declared a quarterly dividend, which was paid on Friday, March 22nd. Stockholders of record on Friday, March 8th were paid a $0.875 dividend. The ex-dividend date was Thursday, March 7th. This represents a $3.50 annualized dividend and a dividend yield of 1.91%. Linde’s dividend payout ratio (DPR) is 28.21%.

LIN has been the subject of several research reports. SunTrust Banks upped their price objective on shares of Linde to $196.00 and gave the company a “buy” rating in a research note on Thursday, April 4th. They noted that the move was a valuation call. Societe Generale initiated coverage on shares of Linde in a research note on Tuesday, January 8th. They set a “buy” rating and a $190.00 price objective for the company. Citigroup initiated coverage on shares of Linde in a research note on Monday, January 7th. They set a “buy” rating for the company. ValuEngine raised shares of Linde from a “hold” rating to a “buy” rating in a research note on Friday, March 15th. Finally, Argus initiated coverage on shares of Linde in a research note on Friday, March 22nd. They set a “hold” rating and a $175.10 price objective for the company. Two investment analysts have rated the stock with a sell rating, six have assigned a hold rating and ten have issued a buy rating to the company. Linde presently has an average rating of “Hold” and a consensus target price of $188.18.

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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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