Machina Capital S.A.S. Has $1.80 Million Stock Position in Linde PLC $LIN

Machina Capital S.A.S. cut its holdings in Linde PLC (NASDAQ:LIN) by 64.5% during the 3rd quarter, Holdings Channel.com reports. The institutional investor owned 3,783 shares of the basic materials company’s stock after selling 6,888 shares during the quarter. Machina Capital S.A.S.’s holdings in Linde were worth $1,797,000 at the end of the most recent quarter.

Several other large investors also recently modified their holdings of LIN. Darwin Wealth Management LLC acquired a new stake in Linde in the second quarter worth $25,000. Marquette Asset Management LLC bought a new position in shares of Linde during the 3rd quarter worth about $27,000. YANKCOM Partnership grew its stake in shares of Linde by 195.2% in the 3rd quarter. YANKCOM Partnership now owns 62 shares of the basic materials company’s stock valued at $29,000 after buying an additional 41 shares during the period. Guerra Advisors Inc bought a new stake in Linde in the 3rd quarter valued at about $30,000. Finally, Albion Financial Group UT raised its stake 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. Institutional investors and hedge funds own 82.80% of the company’s stock.

Linde Price Performance

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

Wall Street Analysts Forecast Growth

A number of equities research analysts have commented on the company. Mizuho set a $495.00 price objective on Linde in a research note on Thursday, December 11th. Royal Bank Of Canada reduced their price target on shares of Linde from $540.00 to $490.00 and set an “outperform” rating for the company in a research report on Friday, December 12th. UBS Group reiterated a “buy” rating on shares of Linde in a research note on Friday, December 12th. Citigroup lifted their price objective on shares of Linde from $520.00 to $540.00 and gave the stock a “buy” rating in a report on Wednesday, January 21st. Finally, JPMorgan Chase & Co. cut their target price on Linde from $475.00 to $455.00 and set an “overweight” rating on the stock in a research note on Monday, November 3rd. One equities research analyst has rated the stock with a Strong Buy rating, six have given a Buy rating and one has given a Hold rating to the company. According to data from MarketBeat, Linde currently has an average rating of “Buy” and a consensus target price of $501.75.

Linde Company Profile

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.