Taylor Cottrill Erickson & Associates Inc. Has $2.41 Million Position in Linde PLC (NYSE:LIN)

Taylor Cottrill Erickson & Associates Inc. lessened its position in Linde PLC (NYSE:LIN) by 1.8% in the fourth quarter, Holdings Channel.com reports. The firm owned 11,328 shares of the basic materials company’s stock after selling 205 shares during the quarter. Taylor Cottrill Erickson & Associates Inc.’s holdings in Linde were worth $2,412,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also recently modified their holdings of the company. Simon Quick Advisors LLC increased its holdings in Linde by 538.9% in the 4th quarter. Simon Quick Advisors LLC now owns 115 shares of the basic materials company’s stock worth $25,000 after purchasing an additional 97 shares in the last quarter. Prime Capital Investment Advisors LLC acquired a new position in Linde in the 3rd quarter worth about $31,000. Evoke Wealth LLC acquired a new position in Linde in the 3rd quarter worth about $39,000. Allred Capital Management LLC acquired a new position in Linde in the 4th quarter worth about $46,000. Finally, Harvest Fund Management Co. Ltd acquired a new position in Linde in the 2nd quarter worth about $46,000. 73.29% of the stock is owned by institutional investors and hedge funds.

In related news, EVP Anne K. Roby sold 1,583 shares of the firm’s stock in a transaction that occurred on Monday, November 18th. The stock was sold at an average price of $209.71, for a total transaction of $331,970.93. Following the completion of the sale, the executive vice president now owns 27,218 shares of the company’s stock, valued at $5,707,886.78. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, EVP Anne K. Roby sold 2,402 shares of the firm’s stock in a transaction that occurred on Friday, December 20th. The stock was sold at an average price of $212.17, for a total value of $509,632.34. Following the sale, the executive vice president now directly owns 36,433 shares of the company’s stock, valued at approximately $7,729,989.61. The disclosure for this sale can be found here. Corporate insiders own 0.70% of the company’s stock.

A number of brokerages have issued reports on LIN. Barclays upped their target price on Linde from $210.00 to $230.00 and gave the stock an “equal weight” rating in a report on Wednesday, November 13th. Wells Fargo & Co began coverage on Linde in a report on Tuesday, October 15th. They issued an “outperform” rating and a $223.00 target price for the company. Pareto Securities raised Linde to a “hold” rating in a report on Tuesday, December 10th. Atlantic Securities began coverage on Linde in a report on Wednesday, November 27th. They issued an “overweight” rating and a $250.00 target price for the company. Finally, UBS Group upped their target price on Linde from $220.00 to $240.00 and gave the stock a “buy” rating in a report on Tuesday, December 17th. Two research analysts have rated the stock with a sell rating, four have issued a hold rating and twelve have given a buy rating to the company. The stock currently has a consensus rating of “Buy” and an average price target of $215.24.

Shares of LIN stock opened at $211.69 on Tuesday. The stock has a 50-day moving average of $208.14 and a 200-day moving average of $198.64. The company has a debt-to-equity ratio of 0.21, a current ratio of 0.90 and a quick ratio of 0.75. Linde PLC has a 1-year low of $156.21 and a 1-year high of $214.45.

Linde (NYSE:LIN) last issued its quarterly earnings results on Tuesday, November 12th. The basic materials company reported $1.94 earnings per share for the quarter, beating the consensus estimate of $1.78 by $0.16. The company had revenue of $7 billion during the quarter, compared to analysts’ expectations of $7.14 billion. Linde had a return on equity of 10.68% and a net margin of 17.59%. Research analysts expect that Linde PLC will post 7.3 earnings per share for the current year.

The business also recently declared a dividend, which was paid on Tuesday, December 17th. Stockholders of record on Tuesday, December 3rd were paid a $0.875 dividend. The ex-dividend date was Monday, December 2nd.

Linde Company Profile

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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Institutional Ownership by Quarter for Linde (NYSE:LIN)

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