EagleClaw Capital Managment LLC Acquires 725 Shares of Linde PLC (NYSE:LIN)

EagleClaw Capital Managment LLC increased its holdings in Linde PLC (NYSE:LIN) by 2.5% during the 3rd quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 29,485 shares of the basic materials company’s stock after acquiring an additional 725 shares during the quarter. Linde makes up 2.3% of EagleClaw Capital Managment LLC’s portfolio, making the stock its 9th biggest position. EagleClaw Capital Managment LLC’s holdings in Linde were worth $5,709,000 as of its most recent SEC filing.

Several other large investors have also added to or reduced their stakes in the stock. 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 acquiring an additional 7,159,363 shares in the last quarter. Amundi Pioneer Asset Management Inc. increased its holdings in Linde by 41.2% in the second 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 buying an additional 2,022,326 shares during the last quarter. Nuveen Asset Management LLC increased its holdings in 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 valued at $1,342,890,000 after buying an additional 6,539,513 shares during the last quarter. Northern Trust Corp increased its holdings in Linde by 1.1% in the second quarter. Northern Trust Corp now owns 6,407,044 shares of the basic materials company’s stock valued at $1,286,535,000 after buying an additional 71,203 shares during the last quarter. Finally, Wells Fargo & Company MN increased its holdings in Linde by 2.8% in the second quarter. Wells Fargo & Company MN now owns 4,087,573 shares of the basic materials company’s stock valued at $820,785,000 after buying an additional 110,405 shares during the last quarter. Institutional investors and hedge funds own 73.84% of the company’s stock.

Several analysts recently weighed in on LIN shares. Zacks Investment Research raised Linde from a “hold” rating to a “buy” rating and set a $211.00 price objective for the company in a report on Thursday, August 8th. Sanford C. Bernstein reissued a “sell” rating on shares of Linde in a report on Thursday, July 18th. Deutsche Bank boosted their price objective on Linde from $205.00 to $215.00 and gave the company a “buy” rating in a report on Tuesday, August 6th. Bank of America boosted their price objective on Linde from $180.00 to $184.00 and gave the company an “underperform” rating in a report on Tuesday, August 6th. Finally, UBS Group reissued a “buy” rating on shares of Linde in a report on Friday, July 12th. Three equities research analysts have rated the stock with a sell rating, four have issued a hold rating and fourteen have assigned a buy rating to the company’s stock. The company currently has a consensus rating of “Buy” and an average target price of $203.59.

In other news, VP Bernd Hugo Eulitz sold 335 shares of the company’s stock in a transaction that occurred on 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 document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. 0.70% of the stock is currently owned by corporate insiders.

Shares of NYSE:LIN traded down $2.00 during trading on Tuesday, hitting $192.97. 46,765 shares of the company traded hands, compared to its average volume of 1,353,550. The business’s fifty day moving average is $190.97 and its 200-day moving average is $190.85. Linde PLC has a one year low of $145.95 and a one year high of $206.82. 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 (NYSE:LIN) last posted its earnings results on Monday, August 5th. The basic materials company reported $1.83 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $1.75 by $0.08. The company had revenue of $7.20 billion during the quarter, compared to analyst estimates of $7.16 billion. Linde had a return on equity of 12.10% and a net margin of 19.45%. Analysts predict that Linde PLC will post 7.13 EPS for the current year.

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.

Featured Article: How much can an individual set aside as a catch-up contribution?

Institutional Ownership by Quarter for Linde (NYSE:LIN)

Receive News & Ratings for Linde Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Linde and related companies with MarketBeat.com's FREE daily email newsletter.