Zevin Asset Management LLC increased its holdings in shares of Linde PLC (NYSE:LIN) by 1.5% during the third quarter, Holdings Channel.com reports. The fund owned 42,506 shares of the basic materials company’s stock after buying an additional 646 shares during the period. Linde comprises approximately 2.7% of Zevin Asset Management LLC’s holdings, making the stock its 15th biggest position. Zevin Asset Management LLC’s holdings in Linde were worth $8,234,000 as of its most recent filing with the Securities & Exchange Commission.
Other large investors have also bought and sold shares of the company. Krane Funds Advisors LLC purchased a new position in Linde in the 2nd quarter valued at about $25,000. Harvest Fund Management Co. Ltd purchased a new stake in shares of Linde during the 2nd quarter valued at approximately $46,000. Ruggie Capital Group purchased a new stake in shares of Linde during the 2nd quarter valued at approximately $48,000. Stonebridge Capital Advisors LLC purchased a new stake in shares of Linde during the 2nd quarter valued at approximately $49,000. Finally, Ibex Wealth Advisors purchased a new stake in shares of Linde during the 2nd quarter valued at approximately $50,000. Hedge funds and other institutional investors own 74.02% of the company’s stock.
Several analysts recently weighed in on the stock. JPMorgan Chase & Co. lifted their target price on shares of Linde from $206.00 to $208.00 and gave the company an “overweight” rating in a report on Tuesday, August 6th. DZ Bank reiterated a “buy” rating on shares of Linde in a report on Monday, July 22nd. Bank of America lifted 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. ValuEngine downgraded shares of Linde from a “sell” rating to a “strong sell” rating in a report on Wednesday, October 2nd. Finally, Deutsche Bank lifted their target price on shares of Linde from $205.00 to $215.00 and gave the company a “buy” rating in a report on Tuesday, August 6th. Three investment analysts have rated the stock with a sell rating, four have assigned a hold rating and thirteen have issued a buy rating to the company’s stock. The stock currently has a consensus rating of “Buy” and a consensus target price of $203.59.
In other news, VP Bernd Hugo Eulitz sold 335 shares of Linde stock in a transaction on Thursday, August 15th. The shares were sold at an average price of $186.43, for a total transaction of $62,454.05. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. 0.70% of the stock is currently owned by insiders.
Shares of NYSE:LIN traded up $0.40 during trading on Friday, hitting $203.00. The company’s stock had a trading volume of 866,730 shares, compared to its average volume of 1,654,320. The business has a 50 day moving average price of $193.95 and a two-hundred day moving average price of $192.28. The company has a debt-to-equity ratio of 0.23, a quick ratio of 0.85 and a current ratio of 1.02. Linde PLC has a fifty-two week low of $145.95 and a fifty-two week high of $206.82.
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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