Investors Sell Linde (LIN) on Strength (LIN)

Traders sold shares of Linde PLC (NYSE:LIN) on strength during trading on Friday. $42.54 million flowed into the stock on the tick-up and $98.63 million flowed out of the stock on the tick-down, for a money net flow of $56.09 million out of the stock. Of all equities tracked, Linde had the 24th highest net out-flow for the day. Linde traded up $0.49 for the day and closed at $180.40

Several equities research analysts recently weighed in on the company. KeyCorp raised their price objective on Linde from $188.00 to $205.00 and gave the company an “overweight” rating in a report on Wednesday, April 3rd. ValuEngine raised Linde from a “hold” rating to a “buy” rating in a report on Friday, March 15th. Argus assumed coverage on Linde in a report on Friday, March 22nd. They set a “hold” rating and a $175.10 price objective on the stock. SunTrust Banks raised their price objective on 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. Finally, Zacks Investment Research downgraded Linde from a “hold” rating to a “sell” rating in a report on Tuesday, January 8th. Two equities research analysts have rated the stock with a sell rating, six have issued a hold rating and ten have assigned a buy rating to the company’s stock. Linde presently has a consensus rating of “Hold” and a consensus target price of $188.18.

The firm has a market capitalization of $98.30 billion, a P/E ratio of 30.84, a PEG ratio of 1.90 and a beta of 0.78. The company has a quick ratio of 1.21, a current ratio of 1.33 and a debt-to-equity ratio of 0.22.

The business also recently announced a quarterly dividend, which was paid on Friday, March 22nd. Shareholders of record on Friday, March 8th were issued a dividend of $0.875 per share. This represents a $3.50 annualized dividend and a yield of 1.94%. The ex-dividend date was Thursday, March 7th. Linde’s payout ratio is presently 28.21%.

In other Linde news, CFO Matthew J. White sold 7,749 shares of Linde stock in a transaction dated Friday, February 1st. The stock was sold at an average price of $164.99, for a total transaction of $1,278,507.51. The sale was disclosed in a filing with the SEC, which is available through this hyperlink. Also, Director Thomas Enders bought 6,600 shares of the business’s stock in a transaction on Friday, March 22nd. The shares were bought at an average cost of $172.16 per share, for a total transaction of $1,136,256.00. The disclosure for this purchase can be found here. Insiders have sold a total of 73,675 shares of company stock worth $13,419,200 over the last ninety days. Company insiders own 0.23% of the company’s stock.

A number of institutional investors and hedge funds have recently made changes to their positions in LIN. Private Trust Co. NA acquired a new position in Linde during the 4th quarter worth about $542,000. Neville Rodie & Shaw Inc. bought a new position in shares of Linde in the 4th quarter worth about $2,910,000. Tower View Investment Management & Research LLC bought a new position in shares of Linde in the 4th quarter worth about $37,000. Confluence Investment Management LLC bought a new position in shares of Linde in the 4th quarter worth about $115,455,000. Finally, Bath Savings Trust Co bought a new position in shares of Linde in the 4th quarter worth about $322,000. 73.06% of the stock is currently owned by hedge funds and other institutional investors.

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About Linde (NYSE:LIN)

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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