Linde PLC (NYSE:LIN) Stock Holdings Boosted by Robecosam AG

Robecosam AG lifted its position in shares of Linde PLC (NYSE:LIN) by 4.2% in the 2nd quarter, according to its most recent disclosure with the SEC. The fund owned 42,266 shares of the basic materials company’s stock after acquiring an additional 1,718 shares during the period. Robecosam AG’s holdings in Linde were worth $8,433,000 as of its most recent filing with the SEC.

Several other institutional investors have also recently added to or reduced their stakes in the company. Great Valley Advisor Group Inc. grew its position in shares of Linde by 2.3% during the second quarter. Great Valley Advisor Group Inc. now owns 2,285 shares of the basic materials company’s stock worth $459,000 after acquiring an additional 51 shares during the last quarter. Enterprise Financial Services Corp grew its position in shares of Linde by 26.0% during the second quarter. Enterprise Financial Services Corp now owns 262 shares of the basic materials company’s stock worth $53,000 after acquiring an additional 54 shares during the last quarter. MAI Capital Management grew its position in shares of Linde by 4.4% during the first quarter. MAI Capital Management now owns 1,388 shares of the basic materials company’s stock worth $244,000 after acquiring an additional 58 shares during the last quarter. Lee Financial Co grew its position in shares of Linde by 0.9% during the first quarter. Lee Financial Co now owns 6,872 shares of the basic materials company’s stock worth $1,209,000 after acquiring an additional 60 shares during the last quarter. Finally, Insight Wealth Strategies LLC grew its position in shares of Linde by 3.5% during the first quarter. Insight Wealth Strategies LLC now owns 1,860 shares of the basic materials company’s stock worth $327,000 after acquiring an additional 63 shares during the last quarter. Institutional investors and hedge funds own 72.69% of the company’s stock.

In other Linde news, VP Eduardo F. Menezes sold 19,056 shares of the company’s stock in a transaction dated Friday, May 17th. The shares were sold at an average price of $188.23, for a total value of $3,586,910.88. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, VP Christian Bruch purchased 1,474 shares of the business’s stock in a transaction on Wednesday, May 15th. The stock was acquired at an average cost of $179.21 per share, with a total value of $264,155.54. The disclosure for this purchase can be found here. 0.70% of the stock is currently owned by corporate insiders.

NYSE LIN traded up $1.63 on Tuesday, reaching $193.83. The company’s stock had a trading volume of 34,715 shares, compared to its average volume of 1,838,518. Linde PLC has a twelve month low of $145.95 and a twelve month high of $206.82. The company has a current ratio of 1.02, a quick ratio of 0.85 and a debt-to-equity ratio of 0.23. The business has a 50 day moving average price of $199.23.

Linde (NYSE:LIN) last issued its quarterly earnings results on Friday, May 10th. The basic materials company reported $1.69 earnings per share for the quarter, beating the Zacks’ consensus estimate of $1.54 by $0.15. Linde had a net margin of 19.47% and a return on equity of 11.05%. The company had revenue of $6.94 billion during the quarter, compared to the consensus estimate of $7.03 billion. As a group, research analysts predict that Linde PLC will post 7.1 earnings per share for the current year.

Several research firms have recently commented on LIN. UBS Group restated a “buy” rating on shares of Linde in a research report on Friday, July 12th. Sanford C. Bernstein restated a “sell” rating on shares of Linde in a research report on Thursday, July 18th. Bank of America upped their price objective on shares of Linde from $180.00 to $184.00 and gave the stock an “underperform” rating in a report on Tuesday, August 6th. JPMorgan Chase & Co. upped their price objective on shares of Linde from $206.00 to $208.00 and gave the stock an “overweight” rating in a report on Tuesday, August 6th. Finally, DZ Bank reaffirmed a “buy” rating on shares of Linde in a report on Monday, July 22nd. Three equities research analysts have rated the stock with a sell rating, four have given a hold rating and thirteen have assigned a buy rating to the company’s stock. The stock currently has a consensus rating of “Buy” and an average price target of $201.83.

About Linde

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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Institutional Ownership by Quarter for Linde (NYSE:LIN)

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