Levin Capital Strategies L.P. Sells 1,215 Shares of Linde plc (NYSE:LIN)

Levin Capital Strategies L.P. reduced its stake in Linde plc (NYSE:LIN) by 53.0% during the first quarter, HoldingsChannel.com reports. The fund owned 1,076 shares of the basic materials company’s stock after selling 1,215 shares during the quarter. Levin Capital Strategies L.P.’s holdings in Linde were worth $301,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. Trustcore Financial Services LLC bought a new stake in Linde in the 4th quarter valued at $25,000. Knuff & Co LLC grew its stake in shares of Linde by 75.4% in the 4th quarter. Knuff & Co LLC now owns 100 shares of the basic materials company’s stock worth $26,000 after buying an additional 43 shares in the last quarter. Graves Light Private Wealth Management Inc. purchased a new position in shares of Linde in the 4th quarter worth $26,000. Reby Advisors LLC purchased a new position in shares of Linde in the 4th quarter worth $26,000. Finally, Brand Asset Management Group Inc. purchased a new position in shares of Linde during the 1st quarter worth about $28,000. Institutional investors own 72.64% of the company’s stock.

NYSE:LIN opened at $301.17 on Monday. The company has a debt-to-equity ratio of 0.25, a quick ratio of 0.71 and a current ratio of 0.83. The company has a fifty day moving average of $287.50 and a two-hundred day moving average of $262.57. The stock has a market capitalization of $156.62 billion, a PE ratio of 71.54, a P/E/G ratio of 2.66 and a beta of 0.78. Linde plc has a fifty-two week low of $177.92 and a fifty-two week high of $303.87.

Linde (NYSE:LIN) last posted its quarterly earnings data on Thursday, May 6th. The basic materials company reported $2.49 earnings per share for the quarter, topping the Zacks’ consensus estimate of $2.26 by $0.23. Linde had a net margin of 8.29% and a return on equity of 8.56%. Research analysts forecast that Linde plc will post 8.08 earnings per share for the current year.

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, June 17th. Shareholders of record on Thursday, June 3rd will be given a dividend of $1.06 per share. This represents a $4.24 dividend on an annualized basis and a yield of 1.41%. The ex-dividend date of this dividend is Wednesday, June 2nd. Linde’s dividend payout ratio is presently 57.77%.

A number of brokerages recently weighed in on LIN. The Goldman Sachs Group lifted their price objective on shares of Linde from $309.00 to $340.00 and gave the company a “buy” rating in a report on Tuesday, May 11th. Wells Fargo & Company boosted their price target on shares of Linde from $311.00 to $340.00 and gave the company an “overweight” rating in a report on Tuesday, May 11th. Barclays boosted their price objective on shares of Linde from $285.00 to $340.00 and gave the stock an “overweight” rating in a research note on Friday, May 7th. Berenberg Bank reiterated a “buy” rating on shares of Linde in a research note on Tuesday, May 11th. Finally, Citigroup Inc. 3% Minimum Coupon Principal Protected Based Upon Russell boosted their price objective on shares of Linde from $333.00 to $358.00 in a research note on Tuesday, May 11th. One equities research analyst has rated the stock with a hold rating and nineteen have assigned a buy rating to the company’s stock. Linde currently has a consensus rating of “Buy” and an average target price of $305.00.

About Linde

Linde plc operates as an industrial gas company in North and South America, Europe, the Middle East, Africa, and the Asia Pacific. It offers oxygen, nitrogen, argon, rare gases, carbon dioxide, hydrogen, helium, electronic and specialty gases, acetylene, and carbon monoxide. The company also designs and constructs turnkey process plants, such as olefin, natural gas, air separation, hydrogen and synthesis gas, and other plants.

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Institutional Ownership by Quarter for Linde (NYSE:LIN)

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