First Allied Advisory Services Inc. lifted its position in shares of Linde PLC (NYSE:LIN) by 26.0% in the 1st quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 2,707 shares of the basic materials company’s stock after buying an additional 559 shares during the quarter. First Allied Advisory Services Inc.’s holdings in Linde were worth $478,000 at the end of the most recent reporting period.
Several other institutional investors and hedge funds have also recently bought and sold shares of the company. Klingenstein Fields & Co. LLC acquired a new stake in Linde in the 4th quarter valued at about $263,000. BB&T Corp acquired a new position in Linde during the fourth quarter worth $800,000. Boenning & Scattergood Inc. acquired a new position in Linde during the fourth quarter worth $248,000. Shine Investment Advisory Services Inc. acquired a new position in Linde during the fourth quarter worth $52,000. Finally, Monarch Capital Management Inc. acquired a new position in Linde during the fourth quarter worth $1,155,000. Institutional investors own 72.88% of the company’s stock.
LIN traded down $0.03 during trading on Friday, hitting $202.71. The company had a trading volume of 1,524,000 shares, compared to its average volume of 1,739,018. The stock has a market capitalization of $109.90 billion, a P/E ratio of 31.56, a P/E/G ratio of 2.18 and a beta of 0.72. Linde PLC has a one year low of $145.95 and a one year high of $203.89. The company has a current ratio of 1.35, a quick ratio of 1.20 and a debt-to-equity ratio of 0.22.
The firm also recently declared a quarterly dividend, which will be paid on Monday, June 17th. Shareholders of record on Monday, June 3rd will be given a dividend of $0.875 per share. The ex-dividend date is Friday, May 31st. This represents a $3.50 annualized dividend and a yield of 1.73%.
LIN has been the topic of several analyst reports. ValuEngine downgraded shares of Linde from a “buy” rating to a “hold” rating in a research report on Friday, March 1st. Societe Generale restated a “buy” rating on shares of Linde in a research note on Monday, April 15th. Zacks Investment Research cut shares of Linde from a “hold” rating to a “sell” rating in a research note on Wednesday, May 8th. BMO Capital Markets upgraded shares of Linde from a “market perform” rating to an “outperform” rating and set a $210.00 price target for the company in a research note on Monday, May 13th. Finally, DZ Bank upgraded shares of Linde to a “buy” rating in a research note on Friday, May 17th. One investment analyst has rated the stock with a sell rating, six have issued a hold rating and twelve have given a buy rating to the stock. Linde presently has an average rating of “Buy” and an average price target of $199.14.
In other Linde news, insider Anne K. Roby sold 3,159 shares of the business’s stock in a transaction dated Wednesday, March 20th. The shares were sold at an average price of $176.77, for a total transaction of $558,416.43. The sale was disclosed in a legal filing with the SEC, which is available through the SEC website. Also, Director Thomas Enders purchased 6,600 shares of the business’s stock in a transaction on Friday, March 22nd. The shares were acquired 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 141,556 shares of company stock worth $26,887,956 over the last three months. Insiders own 0.23% of the company’s stock.
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Linde plc operates as an industrial gas company in primarily North and South America, Europe, the Middle East, Africa, the Asia Pacific, and South Korea. The company offers oxygen, nitrogen, argon, rare gases, carbon monoxide, carbon dioxide, helium, hydrogen, electronic gases, specialty gases, and acetylene.
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