Marietta Wealth Management LLC bought a new position in shares of Linde PLC (NYSE:LIN) during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund bought 11,565 shares of the basic materials company’s stock, valued at approximately $1,805,000.
Other hedge funds and other institutional investors have also recently bought and sold shares of the company. State of Alaska Department of Revenue acquired a new position in shares of Linde during the fourth quarter worth $12,542,000. Woodstock Corp acquired a new position in shares of Linde during the fourth quarter worth $373,000. Cerebellum GP LLC acquired a new position in shares of Linde during the fourth quarter worth $260,000. YHB Investment Advisors Inc. acquired a new position in shares of Linde during the fourth quarter worth $2,361,000. Finally, Retirement Systems of Alabama acquired a new position in shares of Linde during the fourth quarter worth $39,554,000. 40.77% of the stock is currently owned by institutional investors and hedge funds.
Shares of NYSE:LIN opened at $161.11 on Monday. The company has a debt-to-equity ratio of 0.98, a current ratio of 0.86 and a quick ratio of 0.70. The firm has a market capitalization of $88.84 billion, a P/E ratio of 27.54, a P/E/G ratio of 1.79 and a beta of 0.77. Linde PLC has a 12-month low of $145.95 and a 12-month high of $166.85.
In other Linde news, insider Christian Bruch bought 693 shares of the stock in a transaction on Friday, November 23rd. The stock was purchased at an average price of $156.49 per share, for a total transaction of $108,447.57. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, Director Robert L. Wood sold 1,800 shares of the business’s stock in a transaction on Wednesday, December 19th. The shares were 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. In the last 90 days, insiders sold 15,884 shares of company stock valued at $2,551,222. Insiders own 0.23% of the company’s stock.
A number of analysts recently issued reports on the stock. BMO Capital Markets assumed coverage on shares of Linde in a research note on Tuesday, November 6th. They issued a “market perform” rating for the company. Zacks Investment Research upgraded shares of Linde from a “sell” rating to a “hold” rating in a research note on Tuesday, November 6th. Jefferies Financial Group restated a “buy” rating on shares of Linde in a research note on Monday, November 12th. UBS Group assumed coverage on shares of Linde in a research note on Thursday, December 6th. They issued a “buy” rating for the company. Finally, KeyCorp assumed coverage on shares of Linde in a research note on Monday, January 14th. They issued an “overweight” rating and a $188.00 price target for the company. Two equities research analysts have rated the stock with a sell rating, four have given a hold rating and ten have issued a buy rating to the company. The stock currently has a consensus rating of “Buy” and an average price target of $185.20.
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Linde Company Profile
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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