1 North Wealth Services LLC acquired a new stake in Linde PLC (NYSE:LIN) during the 4th quarter, HoldingsChannel reports. The institutional investor acquired 233 shares of the basic materials company’s stock, valued at approximately $36,000.

Several other hedge funds also recently added to or reduced their stakes in the company. State of Alaska Department of Revenue acquired a new position in Linde during the 4th quarter worth $12,542,000. Woodstock Corp acquired a new position in Linde during the 4th quarter worth $373,000. Cerebellum GP LLC acquired a new position in Linde during the 4th quarter worth $260,000. Dupont Capital Management Corp acquired a new position in Linde during the 4th quarter worth $1,450,000. Finally, State Board of Administration of Florida Retirement System acquired a new position in Linde during the 4th quarter worth $117,202,000. Institutional investors own 40.77% of the company’s stock.

LIN stock opened at $167.38 on Thursday. The company has a debt-to-equity ratio of 0.98, a quick ratio of 0.70 and a current ratio of 0.86. The firm has a market capitalization of $88.84 billion, a PE ratio of 28.61, a P/E/G ratio of 1.79 and a beta of 0.77. Linde PLC has a twelve month low of $145.95 and a twelve month high of $168.49.

Several research firms have issued reports on LIN. Deutsche Bank began coverage on Linde in a report on Thursday, November 15th. They set a “buy” rating on the stock. Sanford C. Bernstein began coverage on Linde in a report on Monday, November 5th. They set an “underperform” rating on the stock. Edward Jones began coverage on Linde in a report on Wednesday, October 31st. They set a “buy” rating on the stock. Zacks Investment Research downgraded Linde from a “hold” rating to a “strong sell” rating in a report on Wednesday, January 2nd. Finally, Jefferies Financial Group reaffirmed a “buy” rating on shares of Linde in a report on Monday, November 12th. Two equities research analysts have rated the stock with a sell rating, four have given a hold rating and ten have assigned a buy rating to the stock. The stock has an average rating of “Buy” and an average price target of $185.20.

In other news, CFO Matthew J. White sold 7,749 shares of the stock in a transaction on Friday, February 1st. The stock was sold at an average price of $164.99, for a total value of $1,278,507.51. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, insider Eduardo F. Menezes sold 6,335 shares of the stock in a transaction on Thursday, November 29th. The shares were sold at an average price of $156.00, for a total value of $988,260.00. The disclosure for this sale can be found here. In the last three months, insiders sold 15,884 shares of company stock worth $2,551,222. 0.23% of the stock is currently owned by company insiders.

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About Linde

Linde plc operates as an industrial gas and engineering company. The company offers oxygen, nitrogen, argon, rare gases, carbon monoxide, carbon dioxide, helium, hydrogen, electronic gases, specialty gases, acetylene, shielding gases, and noble gases, as well as develops and distributes procedures and systems for gas applications.

Featured Story: Institutional Investors

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Institutional Ownership by Quarter for Linde (NYSE:LIN)

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