Moody Lynn & Lieberson LLC grew its stake in Linde PLC (NYSE:LIN) by 0.7% in the third quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 13,873 shares of the basic materials company’s stock after buying an additional 95 shares during the period. Moody Lynn & Lieberson LLC’s holdings in Linde were worth $2,687,000 as of its most recent SEC filing.
Other large investors also recently made changes to their positions in the company. Krane Funds Advisors LLC acquired a new stake in shares of Linde in the second quarter worth about $25,000. Harvest Fund Management Co. Ltd acquired a new stake in shares of Linde in the second quarter worth about $46,000. Ruggie Capital Group acquired a new stake in shares of Linde in the second quarter worth about $48,000. Stonebridge Capital Advisors LLC acquired a new stake in shares of Linde in the second quarter worth about $49,000. Finally, Ibex Wealth Advisors acquired a new stake in shares of Linde in the second quarter worth about $50,000. 73.84% of the stock is owned by institutional investors.
Shares of Linde stock traded up $1.77 during trading on Monday, reaching $196.77. The company’s stock had a trading volume of 989,726 shares, compared to its average volume of 1,353,069. 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’s fifty day moving average price is $191.43 and its 200-day moving average price is $191.04. Linde PLC has a one year low of $145.95 and a one year high of $206.82.
Linde (NYSE:LIN) last posted its quarterly earnings data on Monday, August 5th. The basic materials company reported $1.83 EPS for the quarter, topping analysts’ consensus estimates of $1.75 by $0.08. The business had revenue of $7.20 billion for the quarter, compared to analyst estimates of $7.16 billion. Linde had a return on equity of 12.10% and a net margin of 19.45%. Equities research analysts forecast that Linde PLC will post 7.13 earnings per share for the current year.
A number of analysts have weighed in on the company. DZ Bank reaffirmed a “buy” rating on shares of Linde in a research report on Monday, July 22nd. Sanford C. Bernstein reaffirmed a “sell” rating on shares of Linde in a research report on Thursday, July 18th. JPMorgan Chase & Co. boosted their price target on Linde from $206.00 to $208.00 and gave the stock an “overweight” rating in a research report on Tuesday, August 6th. ValuEngine cut Linde from a “sell” rating to a “strong sell” rating in a research report on Wednesday, October 2nd. Finally, UBS Group reaffirmed a “buy” rating on shares of Linde in a research report on Friday, July 12th. Three analysts have rated the stock with a sell rating, four have issued a hold rating and fourteen have issued a buy rating to the company. The company has an average rating of “Buy” and an average target price of $203.59.
In other news, VP Bernd Hugo Eulitz sold 335 shares of Linde stock in a transaction dated Thursday, August 15th. The stock was sold at an average price of $186.43, for a total value of $62,454.05. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Insiders own 0.70% of the company’s stock.
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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