Estabrook Capital Management Invests $746,000 in Linde PLC (LIN)

Estabrook Capital Management bought a new position in shares of Linde PLC (NYSE:LIN) during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund bought 4,779 shares of the basic materials company’s stock, valued at approximately $746,000.

A number of other hedge funds have also recently modified their holdings of the business. Heritage Trust Co acquired a new stake in shares of Linde during the fourth quarter valued at about $31,000. Sharkey Howes & Javer acquired a new stake in shares of Linde during the fourth quarter valued at about $31,000. Flagship Harbor Advisors LLC acquired a new stake in shares of Linde during the fourth quarter valued at about $31,000. Kings Point Capital Management acquired a new stake in shares of Linde during the fourth quarter valued at about $31,000. Finally, Private Ocean LLC acquired a new stake in shares of Linde during the fourth quarter valued at about $35,000. 70.02% of the stock is currently owned by institutional investors.

In related news, CFO Matthew J. White sold 7,749 shares of Linde stock in a transaction that occurred on Friday, February 1st. The shares were sold at an average price of $164.99, for a total value of $1,278,507.51. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, Director Robert L. Wood sold 1,800 shares of Linde stock in a transaction that occurred on Wednesday, December 19th. The stock was sold at an average price of $158.03, for a total transaction of $284,454.00. The disclosure for this sale can be found here. Insiders own 0.23% of the company’s stock.



Shares of LIN stock opened at $174.21 on Friday. The company has a quick ratio of 0.70, a current ratio of 0.86 and a debt-to-equity ratio of 0.98. The company has a market capitalization of $94.96 billion, a P/E ratio of 29.78, a price-to-earnings-growth ratio of 1.88 and a beta of 0.78. Linde PLC has a fifty-two week low of $145.95 and a fifty-two week high of $176.73.

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, March 22nd. Investors of record on Friday, March 8th will be issued a $0.875 dividend. This represents a $3.50 dividend on an annualized basis and a dividend yield of 2.01%. The ex-dividend date of this dividend is Thursday, March 7th. Linde’s dividend payout ratio (DPR) is currently 28.21%.

LIN has been the subject of a number of recent analyst reports. Societe Generale initiated coverage on shares of Linde in a research report on Tuesday, January 8th. They set a “buy” rating and a $190.00 price target for the company. Citigroup initiated coverage on shares of Linde in a research report on Monday, January 7th. They set a “buy” rating for the company. SunTrust Banks assumed coverage on shares of Linde in a research report on Tuesday, January 15th. They set a “buy” rating and a $185.00 price target for the company. Kepler Capital Markets restated a “buy” rating on shares of Linde in a report on Thursday, November 15th. Finally, Deutsche Bank assumed coverage on shares of Linde in a report on Thursday, November 15th. They issued a “buy” rating for the company. Two investment analysts have rated the stock with a sell rating, four have given a hold rating and eleven have assigned a buy rating to the company. The company presently has a consensus rating of “Buy” and an average price target of $185.20.

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About Linde

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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