Short Interest in Linde PLC (NYSE:LIN) Drops By 11.8%

Linde PLC (NYSE:LIN) saw a large decline in short interest during the month of July. As of July 31st, there was short interest totalling 4,863,800 shares, a decline of 11.8% from the June 30th total of 5,515,600 shares. Based on an average daily volume of 1,880,000 shares, the days-to-cover ratio is presently 2.6 days. Currently, 0.9% of the company’s stock are sold short.

Several research analysts have recently commented on LIN shares. Zacks Investment Research upgraded Linde from a “hold” rating to a “buy” rating and set a $211.00 target price for the company in a research report on Thursday, August 8th. JPMorgan Chase & Co. lifted their target price on Linde from $206.00 to $208.00 and gave the stock an “overweight” rating in a research report on Tuesday, August 6th. ValuEngine lowered Linde from a “hold” rating to a “sell” rating in a research report on Tuesday, August 6th. DZ Bank reiterated a “buy” rating on shares of Linde in a research report on Monday, July 22nd. Finally, Jefferies Financial Group reiterated a “buy” rating on shares of Linde in a research report on Friday, June 21st. Three investment analysts have rated the stock with a sell rating, four have assigned a hold rating and thirteen have issued a buy rating to the company’s stock. The stock presently has a consensus rating of “Buy” and a consensus target price of $201.83.

In other Linde news, CEO Stephen F. Angel sold 56,574 shares of Linde stock in a transaction that occurred on Thursday, June 6th. The stock was sold at an average price of $197.27, for a total transaction of $11,160,352.98. The transaction was disclosed in a filing with the SEC, which is available through this link. Also, VP Bernd Hugo Eulitz sold 335 shares of Linde stock in a transaction that occurred on Thursday, August 15th. The stock was sold at an average price of $186.43, for a total value of $62,454.05. The disclosure for this sale can be found here. 0.70% of the stock is owned by insiders.



A number of large investors have recently added to or reduced their stakes in LIN. Price T Rowe Associates Inc. MD boosted its position in Linde by 252.0% during the 2nd quarter. Price T Rowe Associates Inc. MD now owns 10,000,888 shares of the basic materials company’s stock valued at $2,008,178,000 after purchasing an additional 7,159,363 shares during the period. Nuveen Asset Management LLC boosted its position in Linde by 4,412.8% during the 2nd 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 purchasing an additional 6,539,513 shares during the period. Amundi Pioneer Asset Management Inc. boosted its position in Linde by 33,491.9% during the 1st quarter. Amundi Pioneer Asset Management Inc. now owns 4,907,437 shares of the basic materials company’s stock valued at $863,366,000 after purchasing an additional 4,892,828 shares during the period. Thoroughbred Financial Services LLC boosted its position in Linde by 20,056.1% during the 2nd quarter. Thoroughbred Financial Services LLC now owns 1,451,036 shares of the basic materials company’s stock valued at $145,104,000 after purchasing an additional 1,443,837 shares during the period. Finally, Dimensional Fund Advisors LP acquired a new position in Linde during the 4th quarter valued at approximately $126,732,000. Institutional investors and hedge funds own 72.69% of the company’s stock.

NYSE:LIN traded up $2.15 during midday trading on Friday, reaching $188.79. 1,174,376 shares of the company traded hands, compared to its average volume of 1,758,580. Linde has a twelve month low of $145.95 and a twelve month high of $206.82. The firm has a market capitalization of $105.11 billion, a price-to-earnings ratio of 30.19, a price-to-earnings-growth ratio of 2.15 and a beta of 0.76. The company has a debt-to-equity ratio of 0.23, a current ratio of 1.02 and a quick ratio of 0.85. The company has a fifty day moving average price of $198.19 and a 200 day moving average price of $184.58.

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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