Middleton & Co Inc MA cut its position in shares of Linde PLC (NYSE:LIN) by 10.7% during the second quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 10,187 shares of the basic materials company’s stock after selling 1,216 shares during the period. Middleton & Co Inc MA’s holdings in Linde were worth $2,046,000 at the end of the most recent reporting period.
Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Patriot Financial Group Insurance Agency LLC bought a new stake in shares of Linde during the first quarter valued at approximately $29,000. Truvestments Capital LLC bought a new stake in shares of Linde during the first quarter valued at approximately $30,000. Harvest Group Wealth Management LLC bought a new stake in shares of Linde during the first quarter valued at approximately $31,000. Israel Discount Bank of New York bought a new stake in shares of Linde during the first quarter valued at approximately $35,000. Finally, Baystate Wealth Management LLC bought a new stake in shares of Linde during the first quarter valued at approximately $40,000. Institutional investors and hedge funds own 73.08% of the company’s stock.
Linde stock opened at $187.71 on Monday. The company has a current ratio of 1.35, a quick ratio of 1.20 and a debt-to-equity ratio of 0.22. The firm has a market capitalization of $102.29 billion, a price-to-earnings ratio of 29.38, a P/E/G ratio of 2.02 and a beta of 0.76. The business has a fifty day simple moving average of $201.55. Linde PLC has a 52 week low of $145.95 and a 52 week high of $206.82.
Linde (NYSE:LIN) last posted its quarterly earnings data on Friday, May 10th. The basic materials company reported $1.69 EPS for the quarter, topping analysts’ consensus estimates of $1.54 by $0.15. The company had revenue of $6.94 billion for the quarter, compared to analyst estimates of $7.03 billion. Linde had a return on equity of 14.95% and a net margin of 23.52%. As a group, equities analysts forecast that Linde PLC will post 6.95 EPS for the current year.
A number of analysts have recently issued reports on the company. JPMorgan Chase & Co. boosted their price objective on Linde from $189.00 to $206.00 and gave the company an “overweight” rating in a research report on Friday, June 7th. Sanford C. Bernstein reaffirmed a “sell” rating on shares of Linde in a research note on Thursday, July 18th. Zacks Investment Research raised Linde from a “sell” rating to a “hold” rating in a research note on Wednesday, May 15th. UBS Group reaffirmed a “buy” rating on shares of Linde in a research note on Friday, July 12th. Finally, Jefferies Financial Group reaffirmed a “buy” rating on shares of Linde in a research note on Friday, June 21st. One analyst has rated the stock with a sell rating, six have issued a hold rating and twelve have issued a buy rating to the company. The stock presently has an average rating of “Buy” and an average price target of $201.01.
In other Linde news, VP Eduardo F. Menezes sold 19,056 shares of the business’s stock in a transaction on Friday, May 17th. The stock was sold at an average price of $188.23, for a total value of $3,586,910.88. The transaction was disclosed in a document filed with the SEC, which is available at this link. Also, CEO Stephen F. Angel sold 56,574 shares of the business’s stock in a transaction on Thursday, June 6th. The stock was sold at an average price of $197.27, for a total value of $11,160,352.98. The disclosure for this sale can be found here. 0.70% of the stock is currently owned by insiders.
Linde plc operates as an industrial gas company in primarily North and South America, Europe, the Middle East, Africa, the Asia Pacific, and South Korea. The company offers oxygen, nitrogen, argon, rare gases, carbon monoxide, carbon dioxide, helium, hydrogen, electronic gases, specialty gases, and acetylene.
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