Linde PLC (NYSE:LIN) Shares Bought by Buckley Wealth Management LLC

Buckley Wealth Management LLC grew its stake in shares of Linde PLC (NYSE:LIN) by 197.7% during the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 5,034 shares of the basic materials company’s stock after purchasing an additional 3,343 shares during the quarter. Buckley Wealth Management LLC’s holdings in Linde were worth $975,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds also recently added to or reduced their stakes in the company. BB&T Corp increased its holdings in shares of Linde by 30.0% in the 2nd quarter. BB&T Corp now owns 12,789 shares of the basic materials company’s stock valued at $2,568,000 after acquiring an additional 2,952 shares during the period. Amundi Pioneer Asset Management Inc. increased its holdings in shares of Linde by 41.2% in the 2nd quarter. Amundi Pioneer Asset Management Inc. now owns 6,929,763 shares of the basic materials company’s stock valued at $1,391,497,000 after acquiring an additional 2,022,326 shares during the period. Charles Schwab Investment Management Inc. increased its holdings in shares of Linde by 0.5% in the 2nd quarter. Charles Schwab Investment Management Inc. now owns 2,352,442 shares of the basic materials company’s stock valued at $472,371,000 after acquiring an additional 12,115 shares during the period. Teacher Retirement System of Texas increased its holdings in shares of Linde by 19.4% in the 2nd quarter. Teacher Retirement System of Texas now owns 31,046 shares of the basic materials company’s stock valued at $6,234,000 after acquiring an additional 5,053 shares during the period. Finally, Rational Advisors LLC increased its holdings in shares of Linde by 619.9% in the 2nd quarter. Rational Advisors LLC now owns 1,339 shares of the basic materials company’s stock valued at $269,000 after acquiring an additional 1,153 shares during the period. 73.81% of the stock is currently owned by institutional investors.

Several equities analysts have issued reports on the stock. Jefferies Financial Group reissued a “buy” rating on shares of Linde in a research note on Friday, June 21st. UBS Group reissued a “buy” rating on shares of Linde in a research note on Friday, July 12th. KeyCorp boosted their price objective on shares of Linde from $205.00 to $220.00 and gave the company an “overweight” rating in a research note on Tuesday, July 9th. Zacks Investment Research raised shares of Linde from a “hold” rating to a “buy” rating and set a $211.00 price objective on the stock in a research note on Thursday, August 8th. Finally, JPMorgan Chase & Co. boosted their price objective on shares of Linde from $206.00 to $208.00 and gave the company an “overweight” rating in a research note on Tuesday, August 6th. Three analysts have rated the stock with a sell rating, four have given a hold rating and thirteen have assigned a buy rating to the stock. Linde has a consensus rating of “Buy” and a consensus price target of $201.83.

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

LIN traded up $3.05 during trading on Friday, hitting $194.28. The stock had a trading volume of 73,838 shares, compared to its average volume of 1,463,539. The company has a debt-to-equity ratio of 0.23, a quick ratio of 0.85 and a current ratio of 1.02. The company’s 50-day moving average price is $188.93 and its 200 day moving average price is $189.62. Linde PLC has a twelve month low of $145.95 and a twelve month high of $206.82.

Linde (NYSE:LIN) last issued its earnings results on Monday, August 5th. The basic materials company reported $1.83 EPS for the quarter, topping the consensus estimate of $1.75 by $0.08. The company had revenue of $7.20 billion for the quarter, compared to analyst estimates of $7.16 billion. Linde had a net margin of 19.45% and a return on equity of 12.10%. On average, sell-side analysts predict that Linde PLC will post 7.13 earnings per share for the current year.

The business also recently announced a dividend, which was paid on Tuesday, September 17th. Shareholders of record on Tuesday, September 3rd were given a dividend of $0.875 per share. The ex-dividend date of this dividend was Friday, August 30th.

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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