Nachman Norwood & Parrott Inc Has $502,000 Stake in Linde PLC (LIN)
Nachman Norwood & Parrott Inc cut its position in Linde PLC (NYSE:LIN) by 9.3% during the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 2,855 shares of the basic materials company’s stock after selling 292 shares during the quarter. Nachman Norwood & Parrott Inc’s holdings in Linde were worth $502,000 at the end of the most recent reporting period.
A number of other large investors have also recently bought and sold shares of LIN. Flagship Harbor Advisors LLC bought a new stake in Linde in the 4th quarter valued at $31,000. Kings Point Capital Management bought a new stake in Linde in the 4th quarter valued at $31,000. Sharkey Howes & Javer bought a new stake in Linde in the 4th quarter valued at $31,000. Heritage Trust Co bought a new stake in Linde in the 4th quarter valued at $31,000. Finally, Tarbox Family Office Inc. bought a new stake in Linde in the 4th quarter valued at $36,000. Institutional investors and hedge funds own 73.06% of the company’s stock.
A number of brokerages have weighed in on LIN. Argus began coverage on shares of Linde in a report on Friday, March 22nd. They issued a “hold” rating and a $175.10 price target for the company. KeyCorp increased their price target on shares of Linde from $188.00 to $205.00 and gave the company an “overweight” rating in a report on Wednesday, April 3rd. SunTrust Banks increased their price target on shares of Linde to $196.00 and gave the company a “buy” rating in a report on Thursday, April 4th. They noted that the move was a valuation call. ValuEngine downgraded shares of Linde from a “buy” rating to a “hold” rating in a report on Monday, April 1st. Finally, Societe Generale began coverage on shares of Linde in a report on Tuesday, January 8th. They issued a “buy” rating and a $190.00 price target for the company. Two analysts have rated the stock with a sell rating, six have assigned a hold rating and ten have issued a buy rating to the stock. Linde currently has a consensus rating of “Hold” and a consensus price target of $188.18.
Shares of NYSE:LIN traded down $1.17 during midday trading on Thursday, reaching $179.85. 1,912,014 shares of the company’s stock were exchanged, compared to its average volume of 1,698,084. The company has a market capitalization of $100.79 billion, a price-to-earnings ratio of 30.74, a PEG ratio of 1.93 and a beta of 0.78. Linde PLC has a 12 month low of $145.95 and a 12 month high of $185.92. The company has a debt-to-equity ratio of 0.22, a quick ratio of 1.21 and a current ratio of 1.33.
The firm also recently disclosed a quarterly dividend, which was paid on Friday, March 22nd. Stockholders of record on Friday, March 8th were issued a dividend of $0.875 per share. This represents a $3.50 dividend on an annualized basis and a dividend yield of 1.95%. The ex-dividend date of this dividend was Thursday, March 7th. Linde’s payout ratio is 28.21%.
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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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