YorkBridge Wealth Partners LLC Cuts Position in Linde PLC (NYSE:LIN)

YorkBridge Wealth Partners LLC lessened its position in Linde PLC (NYSE:LIN) by 3.1% during the 3rd quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 4,183 shares of the basic materials company’s stock after selling 135 shares during the period. YorkBridge Wealth Partners LLC’s holdings in Linde were worth $810,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also recently modified their holdings of LIN. Price T Rowe Associates Inc. MD lifted its stake in shares of Linde by 252.0% in the second quarter. Price T Rowe Associates Inc. MD now owns 10,000,888 shares of the basic materials company’s stock worth $2,008,178,000 after buying an additional 7,159,363 shares in the last quarter. Nuveen Asset Management LLC lifted its stake in shares of Linde by 4,412.8% in the second quarter. Nuveen Asset Management LLC now owns 6,687,706 shares of the basic materials company’s stock worth $1,342,890,000 after buying an additional 6,539,513 shares in the last quarter. Amundi Pioneer Asset Management Inc. lifted its stake in shares of Linde by 33,491.9% in the first quarter. Amundi Pioneer Asset Management Inc. now owns 4,907,437 shares of the basic materials company’s stock worth $863,366,000 after buying an additional 4,892,828 shares in the last quarter. Thoroughbred Financial Services LLC lifted its stake in shares of Linde by 20,056.1% in the second quarter. Thoroughbred Financial Services LLC now owns 1,451,036 shares of the basic materials company’s stock worth $145,104,000 after buying an additional 1,443,837 shares in the last quarter. Finally, Toronto Dominion Bank lifted its stake in shares of Linde by 194.9% in the second quarter. Toronto Dominion Bank now owns 1,106,620 shares of the basic materials company’s stock worth $222,236,000 after buying an additional 731,334 shares in the last quarter. Hedge funds and other institutional investors own 73.84% of the company’s stock.

LIN traded down $1.07 during trading on Monday, hitting $194.72. The company’s stock had a trading volume of 14,145 shares, compared to its average volume of 1,426,464. 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 one year low of $145.95 and a one year high of $206.82. The business’s 50 day simple moving average is $190.52 and its 200-day simple moving average is $190.56.

Linde (NYSE:LIN) last released its quarterly earnings results on Monday, August 5th. The basic materials company reported $1.83 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $1.75 by $0.08. Linde had a net margin of 19.45% and a return on equity of 12.10%. The business had revenue of $7.20 billion for the quarter, compared to the consensus estimate of $7.16 billion. As a group, equities analysts forecast that Linde PLC will post 7.13 EPS for the current year.

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

LIN has been the topic of several analyst reports. Sanford C. Bernstein reiterated a “sell” rating on shares of Linde in a research note on Thursday, July 18th. JPMorgan Chase & Co. upped their target price on shares of Linde from $206.00 to $208.00 and gave the stock an “overweight” rating in a research note on Tuesday, August 6th. Zacks Investment Research upgraded shares of Linde from a “hold” rating to a “buy” rating and set a $211.00 target price on the stock in a research note on Thursday, August 8th. Bank of America upped their target price on shares of Linde from $180.00 to $184.00 and gave the stock an “underperform” rating in a research note on Tuesday, August 6th. Finally, KeyCorp upped their target price on shares of Linde from $205.00 to $220.00 and gave the stock an “overweight” rating in a research note on Tuesday, July 9th. Three research analysts have rated the stock with a sell rating, four have assigned a hold rating and fourteen have assigned a buy rating to the company’s stock. Linde currently has an average rating of “Buy” and a consensus price target of $203.59.

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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