C WorldWide Group Holding A S Trims Holdings in Linde PLC $LIN

C WorldWide Group Holding A S lessened its holdings in Linde PLC (NASDAQ:LIN) by 4.0% in the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 881,663 shares of the basic materials company’s stock after selling 37,049 shares during the quarter. Linde makes up approximately 6.4% of C WorldWide Group Holding A S’s investment portfolio, making the stock its 5th largest position. C WorldWide Group Holding A S owned 0.19% of Linde worth $418,790,000 at the end of the most recent quarter.

Several other hedge funds have also added to or reduced their stakes in the business. Darwin Wealth Management LLC bought a new position in shares of Linde during the second quarter valued at $25,000. Marquette Asset Management LLC acquired a new stake in Linde in the third quarter valued at $27,000. YANKCOM Partnership raised its position in Linde by 195.2% during the 3rd quarter. YANKCOM Partnership now owns 62 shares of the basic materials company’s stock worth $29,000 after purchasing an additional 41 shares during the last quarter. Guerra Advisors Inc acquired a new position in Linde during the 3rd quarter worth about $30,000. Finally, Albion Financial Group UT lifted its holdings in Linde by 87.8% during the 3rd quarter. Albion Financial Group UT now owns 77 shares of the basic materials company’s stock worth $37,000 after buying an additional 36 shares during the period. 82.80% of the stock is currently owned by institutional investors and hedge funds.

Linde Trading Up 2.1%

NASDAQ LIN opened at $473.33 on Thursday. The stock has a market capitalization of $221.02 billion, a P/E ratio of 31.70, a P/E/G ratio of 3.25 and a beta of 0.84. The business has a 50 day simple moving average of $429.29 and a 200 day simple moving average of $447.90. The company has a debt-to-equity ratio of 0.46, a current ratio of 0.82 and a quick ratio of 0.69. Linde PLC has a one year low of $387.78 and a one year high of $486.38.

Analysts Set New Price Targets

Several equities research analysts have recently weighed in on LIN shares. Citigroup increased their price target on Linde from $520.00 to $540.00 and gave the company a “buy” rating in a research note on Wednesday, January 21st. Sanford C. Bernstein reiterated an “outperform” rating and issued a $516.00 target price on shares of Linde in a report on Monday, November 3rd. UBS Group restated a “buy” rating on shares of Linde in a report on Friday, December 12th. Mizuho set a $495.00 price target on shares of Linde in a research report on Thursday, December 11th. Finally, Weiss Ratings reaffirmed a “hold (c+)” rating on shares of Linde in a research note on Monday, December 29th. One analyst has rated the stock with a Strong Buy rating, six have assigned a Buy rating and one has assigned a Hold rating to the company’s stock. Based on data from MarketBeat, the company currently has a consensus rating of “Buy” and a consensus target price of $501.75.

About Linde

Linde (NASDAQ: LIN) is a multinational industrial gases and engineering company that supplies gases, related technologies and services to a wide range of industries. The company traces its current form to the 2018 combination of Germany’s Linde AG and U.S.-based Praxair, creating one of the largest global providers of industrial, specialty and medical gases. Linde’s business model centers on production, processing and distribution of gases as well as the design and construction of the plants and equipment needed to produce them.

Core products and services include atmospheric and process gases such as oxygen, nitrogen and argon; hydrogen and helium; carbon dioxide; and a portfolio of higher‑value specialty and electronic gases.