ST Germain D J Co. Inc. Takes Position in Linde PLC (LIN)

ST Germain D J Co. Inc. purchased a new position in shares of Linde PLC (NYSE:LIN) in the 4th quarter, HoldingsChannel reports. The institutional investor purchased 2,046 shares of the basic materials company’s stock, valued at approximately $319,000.

A number of other hedge funds and other institutional investors have also recently bought and sold shares of LIN. TD Asset Management Inc. purchased a new position in Linde during the fourth quarter worth about $231,678,000. CIBC Private Wealth Group LLC acquired a new position in Linde during the fourth quarter worth about $138,525,000. Rhumbline Advisers acquired a new position in Linde during the fourth quarter worth about $125,727,000. New York State Teachers Retirement System acquired a new position in Linde during the fourth quarter worth about $117,707,000. Finally, State Board of Administration of Florida Retirement System acquired a new position in Linde during the fourth quarter worth about $117,202,000. 40.77% of the stock is owned by hedge funds and other institutional investors.

In related news, Director Robert L. Wood sold 1,800 shares of the firm’s stock in a transaction that occurred on Wednesday, December 19th. The shares were sold at an average price of $158.03, for a total transaction of $284,454.00. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, insider Christian Bruch bought 693 shares of the firm’s stock in a transaction that occurred on Friday, November 23rd. The shares were purchased at an average price of $156.49 per share, for a total transaction of $108,447.57. The disclosure for this purchase can be found here. Insiders sold 15,884 shares of company stock worth $2,551,222 over the last quarter. Company insiders own 0.23% of the company’s stock.



Several research analysts have weighed in on LIN shares. Edward Jones started coverage on shares of Linde in a research report on Wednesday, October 31st. They set a “buy” rating on the stock. JPMorgan Chase & Co. began coverage on shares of Linde in a research report on Friday, November 2nd. They issued an “overweight” rating and a $185.00 price target on the stock. Barclays began coverage on shares of Linde in a research report on Monday, November 5th. They issued an “equal weight” rating and a $178.00 price target on the stock. Sanford C. Bernstein began coverage on shares of Linde in a research report on Monday, November 5th. They issued an “underperform” rating on the stock. Finally, Zacks Investment Research upgraded shares of Linde from a “sell” rating to a “hold” rating in a research report on Tuesday, November 6th. Two research analysts have rated the stock with a sell rating, four have issued a hold rating and ten have issued a buy rating to the company. The stock has a consensus rating of “Buy” and a consensus price target of $185.20.

Shares of LIN stock traded down $0.05 during trading hours on Monday, hitting $161.17. The company’s stock had a trading volume of 16,826 shares, compared to its average volume of 1,639,087. The firm has a market capitalization of $88.84 billion, a PE ratio of 27.59, a P/E/G ratio of 1.79 and a beta of 0.77. Linde PLC has a twelve month low of $145.95 and a twelve month high of $166.85. The company has a debt-to-equity ratio of 0.98, a current ratio of 0.86 and a quick ratio of 0.70.

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Linde Profile

Linde plc operates as an industrial gas and engineering company. The company offers oxygen, nitrogen, argon, rare gases, carbon monoxide, carbon dioxide, helium, hydrogen, electronic gases, specialty gases, acetylene, shielding gases, and noble gases, as well as develops and distributes procedures and systems for gas applications.

Read More: Market Capitalization – What it Means for Investors

Want to see what other hedge funds are holding LIN? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Linde PLC (NYSE:LIN).

Institutional Ownership by Quarter for Linde (NYSE:LIN)

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