Vestmark Advisory Solutions Inc. lifted its stake in Linde PLC (NASDAQ:LIN – Free Report) by 451.3% in the third quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 9,835 shares of the basic materials company’s stock after purchasing an additional 8,051 shares during the quarter. Vestmark Advisory Solutions Inc.’s holdings in Linde were worth $4,671,000 as of its most recent filing with the Securities and Exchange Commission (SEC).
Several other hedge funds also recently bought and sold shares of the company. Darwin Wealth Management LLC bought a new position in Linde during the second quarter valued at about $25,000. Marquette Asset Management LLC bought a new stake in shares of Linde in the third quarter valued at approximately $27,000. YANKCOM Partnership increased its holdings in shares of Linde by 195.2% during the 3rd quarter. YANKCOM Partnership now owns 62 shares of the basic materials company’s stock worth $29,000 after purchasing an additional 41 shares during the period. Guerra Advisors Inc bought a new position in Linde during the third quarter valued at about $30,000. Finally, Albion Financial Group UT lifted its position in Linde by 87.8% in the third quarter. Albion Financial Group UT now owns 77 shares of the basic materials company’s stock worth $37,000 after purchasing an additional 36 shares during the period. 82.80% of the stock is owned by institutional investors and hedge funds.
Linde Trading Up 0.3%
LIN opened at $498.19 on Tuesday. The company has a market cap of $232.63 billion, a P/E ratio of 34.15, a PEG ratio of 3.26 and a beta of 0.84. The company has a current ratio of 0.88, a quick ratio of 0.74 and a debt-to-equity ratio of 0.52. The company’s 50 day moving average is $447.77 and its 200-day moving average is $448.38. Linde PLC has a 1-year low of $387.78 and a 1-year high of $500.57.
Analysts Set New Price Targets
Several equities analysts have issued reports on the company. Mizuho set a $525.00 price objective on Linde in a research report on Friday, February 6th. Sanford C. Bernstein reissued an “outperform” rating and issued a $516.00 price objective on shares of Linde in a research report on Monday, November 3rd. JPMorgan Chase & Co. restated a “neutral” rating and set a $455.00 price objective on shares of Linde in a research note on Friday, February 6th. Weiss Ratings upgraded Linde from a “hold (c+)” rating to a “buy (b-)” rating in a report on Wednesday, February 18th. Finally, DZ Bank cut Linde from a “buy” rating to a “hold” rating and set a $460.00 price objective for the company. in a report on Tuesday, February 10th. Two analysts have rated the stock with a Strong Buy rating, eight have given a Buy rating and two have issued a Hold rating to the company. According to MarketBeat, the stock currently has a consensus rating of “Buy” and a consensus target price of $508.20.
View Our Latest Stock Analysis on LIN
Insider Activity at Linde
In other news, VP Guillermo Bichara sold 9,455 shares of the stock in a transaction on Tuesday, February 17th. The stock was sold at an average price of $480.45, for a total value of $4,542,654.75. Following the completion of the transaction, the vice president directly owned 22,138 shares in the company, valued at approximately $10,636,202.10. This represents a 29.93% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Insiders own 0.70% of the company’s stock.
Linde 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.
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