First Hawaiian Bank Lowers Position in Linde plc (NYSE:LIN)

First Hawaiian Bank cut its stake in Linde plc (NYSE:LINGet Rating) by 67.4% in the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 984 shares of the basic materials company’s stock after selling 2,037 shares during the period. First Hawaiian Bank’s holdings in Linde were worth $315,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds also recently modified their holdings of LIN. Dark Forest Capital Management LP purchased a new stake in Linde in the third quarter worth about $109,000. MFA Wealth Advisors LLC bought a new position in shares of Linde during the third quarter valued at approximately $31,000. United Capital Financial Advisers LLC increased its stake in shares of Linde by 1.7% during the third quarter. United Capital Financial Advisers LLC now owns 4,224 shares of the basic materials company’s stock valued at $1,239,000 after purchasing an additional 69 shares in the last quarter. SeaCrest Wealth Management LLC increased its stake in shares of Linde by 4.2% during the third quarter. SeaCrest Wealth Management LLC now owns 817 shares of the basic materials company’s stock valued at $240,000 after purchasing an additional 33 shares in the last quarter. Finally, EP Wealth Advisors LLC increased its stake in shares of Linde by 2,217.4% during the third quarter. EP Wealth Advisors LLC now owns 16,639 shares of the basic materials company’s stock valued at $366,000 after purchasing an additional 15,921 shares in the last quarter. Institutional investors and hedge funds own 72.95% of the company’s stock.

LIN has been the subject of a number of analyst reports. Jefferies Financial Group decreased their target price on shares of Linde from $390.00 to $355.00 in a research note on Thursday, June 16th. Credit Suisse Group assumed coverage on shares of Linde in a research note on Tuesday, May 31st. They set an “outperform” rating and a $380.00 target price for the company. Deutsche Bank Aktiengesellschaft reissued a “buy” rating and set a $352.00 price target on shares of Linde in a research report on Friday, April 29th. Cowen reduced their price target on shares of Linde from $345.00 to $330.00 and set a “market perform” rating for the company in a research report on Thursday, March 3rd. Finally, Evercore ISI raised shares of Linde from an “in-line” rating to an “outperform” rating and set a $355.00 price target for the company in a research report on Tuesday, May 31st. One equities research analyst has rated the stock with a sell rating, three have given a hold rating and thirteen have assigned a buy rating to the stock. According to MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average price target of $367.71.

In related news, VP Andreas Opfermann sold 186 shares of Linde stock in a transaction on Tuesday, May 3rd. The shares were sold at an average price of $311.55, for a total transaction of $57,948.30. Following the transaction, the vice president now owns 1,671 shares in the company, valued at approximately $520,600.05. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. 0.70% of the stock is currently owned by insiders.

Shares of Linde stock opened at $296.83 on Friday. The company’s fifty day simple moving average is $312.98 and its 200-day simple moving average is $315.01. The stock has a market capitalization of $149.22 billion, a PE ratio of 38.25, a P/E/G ratio of 2.51 and a beta of 0.85. Linde plc has a 1-year low of $267.51 and a 1-year high of $352.18. The company has a debt-to-equity ratio of 0.29, a current ratio of 0.84 and a quick ratio of 0.72.

Linde (NYSE:LINGet Rating) last issued its quarterly earnings results on Thursday, April 28th. The basic materials company reported $2.93 earnings per share for the quarter, topping the consensus estimate of $2.78 by $0.15. The business had revenue of $8.20 billion for the quarter, compared to analysts’ expectations of $8.09 billion. Linde had a net margin of 12.66% and a return on equity of 12.62%. The company’s revenue was up 13.2% compared to the same quarter last year. During the same quarter last year, the company posted $2.49 EPS. As a group, research analysts anticipate that Linde plc will post 11.93 EPS for the current year.

The company also recently announced a quarterly dividend, which was paid on Friday, June 17th. Investors of record on Friday, June 3rd were paid a dividend of $1.17 per share. This represents a $4.68 dividend on an annualized basis and a dividend yield of 1.58%. The ex-dividend date was Thursday, June 2nd. Linde’s dividend payout ratio (DPR) is 60.31%.

About Linde (Get Rating)

Linde plc operates as an industrial gas and engineering company in North and South America, Europe, the Middle East, Africa, and the Asia Pacific. It offers atmospheric gases, including oxygen, nitrogen, argon, and rare gases; and process gases, such as 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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