Renaissance Technologies LLC lifted its stake in shares of Linde PLC (NYSE:LIN) by 41.4% in the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 257,800 shares of the basic materials company’s stock after purchasing an additional 75,500 shares during the quarter. Renaissance Technologies LLC’s holdings in Linde were worth $51,766,000 at the end of the most recent quarter.
Several other hedge funds and other institutional investors also recently modified their holdings of the stock. Great Valley Advisor Group Inc. boosted its stake in shares of Linde by 2.3% during the 2nd 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 in the last quarter. Enterprise Financial Services Corp raised its holdings in 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 purchasing an additional 54 shares during the last quarter. Avitas Wealth Management LLC raised its holdings in Linde by 0.5% during the second quarter. Avitas Wealth Management LLC now owns 15,559 shares of the basic materials company’s stock worth $3,124,000 after purchasing an additional 75 shares during the last quarter. Flagship Harbor Advisors LLC boosted its position in Linde by 39.4% during the second quarter. Flagship Harbor Advisors LLC now owns 276 shares of the basic materials company’s stock worth $55,000 after purchasing an additional 78 shares in the last quarter. Finally, Alera Investment Advisors LLC grew its holdings in Linde by 50.9% in the first quarter. Alera Investment Advisors LLC now owns 243 shares of the basic materials company’s stock valued at $43,000 after purchasing an additional 82 shares during the last quarter. 73.79% of the stock is owned by hedge funds and other institutional investors.
In other news, VP Bernd Hugo Eulitz sold 335 shares of the business’s stock in a transaction dated Thursday, August 15th. The stock was sold at an average price of $186.43, for a total transaction of $62,454.05. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. 0.70% of the stock is currently owned by insiders.
NYSE:LIN traded up $0.79 on Wednesday, hitting $186.51. 26,007 shares of the stock were exchanged, compared to its average volume of 1,488,943. The stock has a fifty day moving average of $190.46 and a 200-day moving average of $187.00. The stock has a market cap of $100.92 billion, a PE ratio of 28.98, a PEG ratio of 2.05 and a beta of 0.76. The company has a current ratio of 1.02, a quick ratio of 0.85 and a debt-to-equity ratio of 0.23. Linde PLC has a fifty-two week low of $145.95 and a fifty-two week high of $206.82.
The company also recently disclosed a dividend, which will be paid on Tuesday, September 17th. Stockholders of record on Tuesday, September 3rd will be paid a $0.875 dividend. The ex-dividend date is Friday, August 30th.
LIN has been the subject of several recent research reports. Bank of America raised their target price on shares of Linde from $180.00 to $184.00 and gave the company an “underperform” rating in a report on Tuesday, August 6th. Deutsche Bank increased their target price on Linde from $205.00 to $215.00 and gave the company a “buy” rating in a report on Tuesday, August 6th. Zacks Investment Research raised Linde from a “hold” rating to a “buy” rating and set a $211.00 price target for the company in a research report on Thursday, August 8th. ValuEngine cut Linde from a “hold” rating to a “sell” rating in a report on Tuesday, August 6th. Finally, JPMorgan Chase & Co. upped their price objective on Linde from $206.00 to $208.00 and gave the company an “overweight” rating in a research report on Tuesday, August 6th. Three 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 company presently has a consensus rating of “Buy” and an average price target of $201.83.
Linde Company Profile
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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