Van Cleef Asset Management Inc Takes $10.42 Million Position in Linde PLC (NYSE:LIN)

Van Cleef Asset Management Inc purchased a new stake in shares of Linde PLC (NYSE:LIN) in the 2nd quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm purchased 51,891 shares of the basic materials company’s stock, valued at approximately $10,420,000. Linde makes up approximately 2.3% of Van Cleef Asset Management Inc’s portfolio, making the stock its 11th biggest position.

Other large investors also recently modified their holdings of the company. Great Valley Advisor Group Inc. increased its holdings in Linde by 2.3% in the 2nd quarter. Great Valley Advisor Group Inc. now owns 2,285 shares of the basic materials company’s stock worth $459,000 after buying an additional 51 shares in the last quarter. Enterprise Financial Services Corp increased its holdings in Linde by 26.0% in the 2nd quarter. Enterprise Financial Services Corp now owns 262 shares of the basic materials company’s stock worth $53,000 after buying an additional 54 shares in the last quarter. Independent Advisor Alliance increased its holdings in Linde by 0.5% in the 2nd quarter. Independent Advisor Alliance now owns 12,625 shares of the basic materials company’s stock worth $2,535,000 after buying an additional 58 shares in the last quarter. Avitas Wealth Management LLC increased its holdings in Linde by 0.5% in the 2nd quarter. Avitas Wealth Management LLC now owns 15,559 shares of the basic materials company’s stock worth $3,124,000 after buying an additional 75 shares in the last quarter. Finally, Flagship Harbor Advisors LLC increased its holdings in Linde by 39.4% in the 2nd quarter. Flagship Harbor Advisors LLC now owns 276 shares of the basic materials company’s stock worth $55,000 after buying an additional 78 shares in the last quarter. Hedge funds and other institutional investors own 73.79% of the company’s stock.

In other news, VP Bernd Hugo Eulitz sold 335 shares of Linde stock in a transaction dated Thursday, August 15th. The stock was sold at an average price of $186.43, for a total transaction of $62,454.05. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. 0.70% of the stock is owned by insiders.

NYSE:LIN traded up $0.66 on Friday, hitting $192.23. The stock had a trading volume of 64,687 shares, compared to its average volume of 1,488,345. The stock has a market cap of $101.20 billion, a price-to-earnings ratio of 29.06, a price-to-earnings-growth ratio of 2.06 and a beta of 0.76. The company has a quick ratio of 0.85, a current ratio of 1.02 and a debt-to-equity ratio of 0.23. The business’s 50-day simple moving average is $190.09 and its two-hundred day simple moving average is $187.07. Linde PLC has a 52-week low of $145.95 and a 52-week high of $206.82.

The business also recently disclosed a dividend, which will be paid on Tuesday, September 17th. Stockholders of record on Tuesday, September 3rd will be given a dividend of $0.875 per share. The ex-dividend date is Friday, August 30th.

LIN has been the subject of several research analyst reports. Sanford C. Bernstein reiterated a “sell” rating on shares of Linde in a report on Thursday, July 18th. Deutsche Bank raised their target price on Linde from $205.00 to $215.00 and gave the stock a “buy” rating in a research report on Tuesday, August 6th. UBS Group reissued a “buy” rating on shares of Linde in a research report on Friday, July 12th. Jefferies Financial Group reissued a “buy” rating on shares of Linde in a research report on Friday, June 21st. Finally, ValuEngine cut Linde from a “hold” rating to a “sell” rating in a research report on Tuesday, August 6th. Three equities research analysts have rated the stock with a sell rating, four have given a hold rating and thirteen have given a buy rating to the company’s stock. The stock presently has an average rating of “Buy” and an average price target of $201.83.

Linde Profile

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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