Mercer Global Advisors Inc. ADV Takes $1.29 Million Position in Linde PLC (LIN)

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Mercer Global Advisors Inc. ADV acquired a new stake in Linde PLC (NYSE:LIN) during the first quarter, HoldingsChannel reports. The institutional investor acquired 7,313 shares of the basic materials company’s stock, valued at approximately $1,287,000.

Several other hedge funds have also recently made changes to their positions in LIN. BlackRock Inc. acquired a new position in shares of Linde in the fourth quarter valued at about $4,827,463,000. Norges Bank acquired a new position in shares of Linde in the fourth quarter valued at about $2,624,717,000. Massachusetts Financial Services Co. MA acquired a new stake in Linde during the fourth quarter worth about $2,336,558,000. Bank of New York Mellon Corp acquired a new stake in Linde during the fourth quarter worth about $1,604,835,000. Finally, Oregon Public Employees Retirement Fund acquired a new stake in Linde during the fourth quarter worth about $60,000. 73.87% of the stock is currently owned by institutional investors and hedge funds.

Several analysts recently commented on LIN shares. ValuEngine lowered Linde from a “buy” rating to a “hold” rating in a report on Friday, March 1st. Societe Generale started coverage on Linde in a report on Tuesday, January 8th. They set a “buy” rating and a $190.00 target price on the stock. Citigroup started coverage on Linde in a report on Monday, January 7th. They set a “buy” rating on the stock. SunTrust Banks started coverage on Linde in a report on Tuesday, January 15th. They set a “buy” rating and a $185.00 target price on the stock. Finally, KeyCorp started coverage on Linde in a report on Monday, January 14th. They set an “overweight” rating and a $188.00 target price on the stock. Two analysts have rated the stock with a sell rating, six have given a hold rating and ten have issued a buy rating to the stock. Linde currently has an average rating of “Hold” and a consensus price target of $188.18.

In other news, CEO Stephen F. Angel sold 54,994 shares of the firm’s stock in a transaction that occurred on Monday, April 8th. The stock was sold at an average price of $184.46, for a total value of $10,144,193.24. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. Also, insider Anne K. Roby sold 3,159 shares of the firm’s stock in a transaction that occurred on Wednesday, March 20th. The shares were sold at an average price of $176.77, for a total value of $558,416.43. The disclosure for this sale can be found here. Insiders have sold 65,926 shares of company stock worth $12,140,692 in the last quarter. 0.23% of the stock is currently owned by company insiders.

Shares of LIN stock opened at $180.49 on Friday. The company has a market cap of $98.23 billion, a price-to-earnings ratio of 30.85, a price-to-earnings-growth ratio of 1.97 and a beta of 0.77. The company has a current ratio of 1.33, a quick ratio of 1.21 and a debt-to-equity ratio of 0.22. Linde PLC has a 12-month low of $145.95 and a 12-month high of $185.92.

The firm also recently declared a quarterly dividend, which will be paid on Monday, June 17th. Shareholders of record on Monday, June 3rd will be given a dividend of $0.875 per share. The ex-dividend date is Friday, May 31st. This represents a $3.50 dividend on an annualized basis and a yield of 1.94%. Linde’s dividend payout ratio is currently 28.21%.

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Linde Company Profile

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

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Institutional Ownership by Quarter for Linde (NYSE:LIN)

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