D. E. Shaw & Co. Inc. Sells 289,246 Shares of Linde plc (NYSE:LIN)

D. E. Shaw & Co. Inc. lessened its position in shares of Linde plc (NYSE:LIN) by 65.1% in the 1st quarter, HoldingsChannel reports. The fund owned 154,902 shares of the basic materials company’s stock after selling 289,246 shares during the period. D. E. Shaw & Co. Inc.’s holdings in Linde were worth $43,394,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Tortoise Investment Management LLC grew its position in Linde by 131.6% during the 1st quarter. Tortoise Investment Management LLC now owns 88 shares of the basic materials company’s stock worth $25,000 after purchasing an additional 50 shares during the last quarter. Prime Capital Investment Advisors LLC purchased a new stake in Linde during the 1st quarter worth approximately $27,000. Brand Asset Management Group Inc. purchased a new stake in Linde during the 1st quarter worth approximately $28,000. Heritage Wealth Advisors purchased a new stake in Linde during the 1st quarter worth approximately $28,000. Finally, Sageworth Trust Co purchased a new stake in Linde during the 1st quarter worth approximately $28,000. Hedge funds and other institutional investors own 73.18% of the company’s stock.

Shares of NYSE LIN opened at $294.20 on Thursday. The firm has a 50-day simple moving average of $293.09. The firm has a market capitalization of $152.99 billion, a PE ratio of 53.49, a price-to-earnings-growth ratio of 2.61 and a beta of 0.78. The company has a debt-to-equity ratio of 0.21, a current ratio of 0.74 and a quick ratio of 0.63. Linde plc has a 52 week low of $214.14 and a 52 week high of $305.71.

Linde (NYSE:LIN) last announced its quarterly earnings data on Thursday, May 6th. The basic materials company reported $2.49 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $2.26 by $0.23. Linde had a net margin of 10.48% and a return on equity of 9.66%. The firm had revenue of $7.24 billion during the quarter, compared to analyst estimates of $7.07 billion. Equities research analysts expect that Linde plc will post 10.1 earnings per share for the current fiscal year.

The business also recently announced a quarterly dividend, which was paid on Thursday, June 17th. Shareholders of record on Thursday, June 3rd were paid a dividend of $1.06 per share. This represents a $4.24 annualized dividend and a yield of 1.44%. The ex-dividend date was Wednesday, June 2nd. Linde’s dividend payout ratio (DPR) is presently 51.52%.

LIN has been the topic of several research analyst reports. Wolfe Research began coverage on shares of Linde in a research report on Wednesday, June 9th. They set a “market perform” rating on the stock. Cowen began coverage on shares of Linde in a report on Wednesday, March 24th. They issued a “market perform” rating and a $300.00 price objective on the stock. Vertical Research raised shares of Linde from a “hold” rating to a “buy” rating and set a $330.00 price objective on the stock in a report on Tuesday, May 18th. The Goldman Sachs Group boosted their target price on shares of Linde from $309.00 to $340.00 and gave the company a “buy” rating in a research note on Tuesday, May 11th. Finally, Zacks Investment Research upgraded shares of Linde from a “hold” rating to a “buy” rating and set a $310.00 target price for the company in a research note on Friday, July 16th. Two analysts have rated the stock with a hold rating and eighteen have given a buy rating to the company. The company has an average rating of “Buy” and an average target price of $323.00.

About Linde

Linde Plc engages in the production and distribution of industrial gases. It operates through the following segments: Americas; Europe, Middle East, and Africa (EMEA); Asia and South Pacific (APAC); Engineering; and Other. The America segment operates production facilities in the U.S., Canada, Mexico, and Brazil.

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Institutional Ownership by Quarter for Linde (NYSE:LIN)

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