Linde PLC (NYSE:LIN) Shares Sold by Keybank National Association OH

Keybank National Association OH decreased its stake in shares of Linde PLC (NYSE:LIN) by 6.6% in the 2nd quarter, according to its most recent Form 13F filing with the SEC. The fund owned 72,183 shares of the basic materials company’s stock after selling 5,120 shares during the period. Keybank National Association OH’s holdings in Linde were worth $14,494,000 at the end of the most recent reporting period.

A number of other hedge funds also recently modified their holdings of the stock. Patriot Financial Group Insurance Agency LLC purchased a new stake in Linde during the first quarter worth approximately $29,000. Truvestments Capital LLC purchased a new stake in Linde during the first quarter worth approximately $30,000. Harvest Group Wealth Management LLC purchased a new stake in Linde during the first quarter worth approximately $31,000. Israel Discount Bank of New York purchased a new stake in Linde during the first quarter worth approximately $35,000. Finally, Baystate Wealth Management LLC purchased a new stake in Linde during the first quarter worth approximately $40,000. 72.69% of the stock is owned by hedge funds and other institutional investors.

In other news, CEO Stephen F. Angel sold 56,574 shares of the company’s stock in a transaction on Thursday, June 6th. The shares were sold at an average price of $197.27, for a total value of $11,160,352.98. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, VP Eduardo F. Menezes sold 19,056 shares of the company’s stock in a transaction on Friday, May 17th. The shares were sold at an average price of $188.23, for a total transaction of $3,586,910.88. The disclosure for this sale can be found here. 0.70% of the stock is currently owned by corporate insiders.



Shares of LIN stock traded down $7.23 on Wednesday, hitting $185.67. The stock had a trading volume of 45,507 shares, compared to its average volume of 1,759,416. The business has a 50 day simple moving average of $199.04. The company has a current ratio of 1.02, a quick ratio of 0.85 and a debt-to-equity ratio of 0.23. Linde PLC has a 52-week low of $145.95 and a 52-week high of $206.82.

Several research firms have issued reports on LIN. KeyCorp boosted their price objective 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. Barclays boosted their price objective on shares of Linde from $180.00 to $195.00 and gave the stock an “equal weight” rating in a research note on Tuesday, May 14th. JPMorgan Chase & Co. boosted their price objective 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. BMO Capital Markets upgraded shares of Linde from a “market perform” rating to an “outperform” rating and set a $210.00 price objective for the company in a research note on Monday, May 13th. Finally, Deutsche Bank boosted their price objective on shares of Linde from $205.00 to $215.00 and gave the stock a “buy” rating in a research note 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 assigned a buy rating to the stock. The company currently has a consensus rating of “Buy” and a consensus price target of $201.83.

Linde Company 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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