Jones Financial Companies Lllp grew its position in shares of Linde PLC (NYSE:LIN) by 1.7% in the 2nd quarter, HoldingsChannel reports. The fund owned 45,003 shares of the basic materials company’s stock after buying an additional 751 shares during the period. Jones Financial Companies Lllp’s holdings in Linde were worth $9,037,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Patriot Financial Group Insurance Agency LLC bought a new stake in Linde during the first quarter worth $29,000. Harvest Group Wealth Management LLC bought a new stake in Linde during the first quarter worth $31,000. Israel Discount Bank of New York bought a new stake in Linde during the first quarter worth $35,000. Baystate Wealth Management LLC bought a new stake in Linde during the first quarter worth $40,000. Finally, Alera Investment Advisors LLC grew its holdings in Linde by 50.9% during the first quarter. Alera Investment Advisors LLC now owns 243 shares of the basic materials company’s stock worth $43,000 after buying an additional 82 shares in the last quarter. Hedge funds and other institutional investors own 72.69% of the company’s stock.

In other news, CEO Stephen F. Angel sold 56,574 shares of the company’s stock in a transaction on Thursday, June 6th. The stock was sold at an average price of $197.27, for a total transaction of $11,160,352.98. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Also, VP Bernd Hugo Eulitz sold 335 shares of the company’s stock in a transaction on Thursday, August 15th. The shares were sold at an average price of $186.43, for a total value of $62,454.05. The disclosure for this sale can be found here. 0.70% of the stock is currently owned by insiders.

LIN stock traded up $2.15 during midday trading on Friday, hitting $188.79. The company’s stock had a trading volume of 1,186,800 shares, compared to its average volume of 1,997,839. The stock’s 50-day moving average price is $198.19 and its 200 day moving average price is $184.58. The company has a quick ratio of 0.85, a current ratio of 1.02 and a debt-to-equity ratio of 0.23. Linde PLC has a 1 year low of $145.95 and a 1 year high of $206.82. The stock has a market cap of $101.16 billion, a price-to-earnings ratio of 29.05, a PEG ratio of 2.07 and a beta of 0.76.

Several research analysts have weighed in on LIN shares. Sanford C. Bernstein reissued a “sell” rating on shares of Linde in a research report on Thursday, July 18th. BMO Capital Markets raised Linde from a “market perform” rating to an “outperform” rating and set a $210.00 price objective on the stock in a research report on Monday, May 13th. JPMorgan Chase & Co. boosted their price objective on Linde from $206.00 to $208.00 and gave the stock an “overweight” rating in a research report on Tuesday, August 6th. Deutsche Bank boosted their price objective on Linde from $205.00 to $215.00 and gave the stock a “buy” rating in a research report on Tuesday, August 6th. Finally, DZ Bank reissued a “buy” rating on shares of Linde in a research report on Monday, July 22nd. Three equities research analysts have rated the stock with a sell rating, four have assigned a hold rating and thirteen have given a buy rating to the stock. Linde presently has a consensus rating of “Buy” and an average target price of $201.83.

About Linde

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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Institutional Ownership by Quarter for Linde (NYSE:LIN)

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