Avitas Wealth Management LLC Boosts Position in Linde PLC (NYSE:LIN)

Avitas Wealth Management LLC lifted its stake in shares of Linde PLC (NYSE:LIN) by 1.8% during the 3rd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 15,843 shares of the basic materials company’s stock after acquiring an additional 284 shares during the period. Avitas Wealth Management LLC’s holdings in Linde were worth $3,069,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds and other institutional investors also recently bought and sold shares of the company. Great Valley Advisor Group Inc. raised its holdings in shares of Linde by 2.3% during the 2nd quarter. Great Valley Advisor Group Inc. now owns 2,285 shares of the basic materials company’s stock worth $459,000 after acquiring an additional 51 shares during the period. Enterprise Financial Services Corp raised its holdings in shares of Linde by 26.0% during the 2nd quarter. Enterprise Financial Services Corp now owns 262 shares of the basic materials company’s stock worth $53,000 after acquiring an additional 54 shares during the period. Independent Advisor Alliance raised its holdings in shares of Linde by 0.5% during the 2nd quarter. Independent Advisor Alliance now owns 12,625 shares of the basic materials company’s stock worth $2,535,000 after acquiring an additional 58 shares during the period. Allworth Financial LP raised its holdings in shares of Linde by 22.0% during the 3rd quarter. Allworth Financial LP now owns 372 shares of the basic materials company’s stock worth $72,000 after acquiring an additional 67 shares during the period. Finally, Flagship Harbor Advisors LLC raised its holdings in shares of Linde by 39.4% during the 2nd quarter. Flagship Harbor Advisors LLC now owns 276 shares of the basic materials company’s stock worth $55,000 after acquiring an additional 78 shares during the period. Institutional investors and hedge funds own 73.83% of the company’s stock.

LIN has been the topic of several research analyst reports. Bank of America boosted their price objective on shares of Linde from $180.00 to $184.00 and gave the company an “underperform” rating in a report on Tuesday, August 6th. Deutsche Bank boosted their price objective on shares of Linde from $205.00 to $215.00 and gave the company a “buy” rating in a report on Tuesday, August 6th. Wells Fargo & Co initiated coverage on shares of Linde in a report on Tuesday, October 15th. They issued an “outperform” rating and a $223.00 price objective on the stock. Sanford C. Bernstein restated a “sell” rating on shares of Linde in a report on Thursday, July 18th. Finally, KeyCorp boosted their price objective on shares of Linde from $205.00 to $220.00 and gave the company an “overweight” rating in a report 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 stock. The company presently has an average rating of “Buy” and an average target price of $203.59.

Shares of LIN opened at $195.79 on Friday. The company has a debt-to-equity ratio of 0.23, a quick ratio of 0.85 and a current ratio of 1.02. The company’s 50-day moving average price is $190.52 and its 200 day moving average price is $190.56. Linde PLC has a 12-month low of $145.95 and a 12-month high of $206.82.

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

In other Linde news, VP Bernd Hugo Eulitz sold 335 shares of Linde stock in a transaction dated Thursday, August 15th. The stock was 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 Securities & Exchange Commission, which is available through this link. Insiders own 0.70% of the company’s stock.

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.

Recommended Story: Commodities

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.