Cambridge Trust Co. increased its position in shares of Linde PLC (NYSE:LIN) by 6.0% in the first quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 183,665 shares of the basic materials company’s stock after purchasing an additional 10,335 shares during the period. Linde makes up 1.9% of Cambridge Trust Co.’s portfolio, making the stock its 13th largest holding. Cambridge Trust Co.’s holdings in Linde were worth $32,312,000 at the end of the most recent quarter.

Other hedge funds have also recently added to or reduced their stakes in the company. BlackRock Inc. bought a new stake in shares of Linde in the 4th quarter valued at about $4,827,463,000. Norges Bank bought a new stake in shares of Linde in the 4th quarter valued at about $2,624,717,000. Massachusetts Financial Services Co. MA bought a new stake in shares of Linde in the 4th quarter valued at about $2,336,558,000. Bank of New York Mellon Corp bought a new stake in shares of Linde in the 4th quarter valued at about $1,604,835,000. Finally, Oregon Public Employees Retirement Fund bought a new stake in shares of Linde in the 4th quarter valued at about $60,000. 73.06% of the stock is owned by hedge funds and other institutional investors.

In other Linde news, CEO Stephen F. Angel sold 54,994 shares of the business’s stock in a transaction that occurred on Monday, April 8th. The shares were sold at an average price of $184.46, for a total transaction of $10,144,193.24. The transaction was disclosed in a filing with the SEC, which is available at this link. Also, CFO Matthew J. White sold 7,749 shares of the business’s stock in a transaction that occurred on Friday, February 1st. The stock was sold at an average price of $164.99, for a total transaction of $1,278,507.51. The disclosure for this sale can be found here. In the last three months, insiders have sold 73,675 shares of company stock worth $13,419,200. 0.23% of the stock is owned by insiders.

LIN has been the subject of several recent research reports. Societe Generale restated a “buy” rating on shares of Linde in a report on Monday, April 15th. SunTrust Banks boosted their price objective on shares of Linde to $196.00 and gave the stock a “buy” rating in a research note on Thursday, April 4th. They noted that the move was a valuation call. Citigroup assumed coverage on shares of Linde in a research note on Monday, January 7th. They set a “buy” rating for the company. ValuEngine upgraded shares of Linde from a “hold” rating to a “buy” rating in a research note on Friday, March 15th. Finally, Argus assumed coverage on shares of Linde in a research note on Friday, March 22nd. They set a “hold” rating and a $175.10 price objective for the company. Two analysts have rated the stock with a sell rating, six have given a hold rating and ten have given a buy rating to the stock. Linde currently has an average rating of “Hold” and an average price target of $188.18.

NYSE:LIN opened at $180.40 on Monday. The company has a market cap of $98.30 billion, a price-to-earnings ratio of 30.84, a P/E/G ratio of 1.91 and a beta of 0.78. Linde PLC has a twelve month low of $145.95 and a twelve month high of $185.92. The company has a current ratio of 1.33, a quick ratio of 1.21 and a debt-to-equity ratio of 0.22.

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Linde Profile

Linde plc operates as an industrial gas company in North and South America, Europe, the Middle East, Africa, and the Asia Pacific. The company offers oxygen, nitrogen, argon, rare gases, carbon monoxide, carbon dioxide, helium, hydrogen, electronic gases, specialty gases, and acetylene. It also designs and constructs turnkey process plants, such as olefin, natural gas, air separation, and hydrogen and synthesis gas plants.

Read More: How Investors Use a Balance Sheet

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Institutional Ownership by Quarter for Linde (NYSE:LIN)

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