Whittier Trust Co. Has $19.45 Million Position in Linde PLC (NYSE:LIN)

Whittier Trust Co. boosted its position in Linde PLC (NYSE:LIN) by 0.6% in the third quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 100,388 shares of the basic materials company’s stock after purchasing an additional 593 shares during the period. Whittier Trust Co.’s holdings in Linde were worth $19,447,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also recently modified their holdings of the company. Krane Funds Advisors LLC acquired a new position in Linde in the 2nd quarter worth about $25,000. Harvest Fund Management Co. Ltd acquired a new position in Linde in the 2nd quarter worth about $46,000. Ruggie Capital Group bought a new stake in shares of Linde in the 2nd quarter valued at about $48,000. Stonebridge Capital Advisors LLC bought a new stake in shares of Linde in the 2nd quarter valued at about $49,000. Finally, Ibex Wealth Advisors bought a new stake in shares of Linde in the 2nd quarter valued at about $50,000. 73.83% of the stock is owned by institutional investors and hedge funds.

In other Linde news, VP Bernd Hugo Eulitz sold 335 shares of the stock in a transaction on Thursday, August 15th. The stock was sold at an average price of $186.43, for a total transaction of $62,454.05. The sale 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.

A number of equities research analysts have commented on LIN shares. Sanford C. Bernstein reiterated a “sell” rating on shares of Linde in a research report on Thursday, July 18th. ValuEngine lowered Linde from a “sell” rating to a “strong sell” rating in a research report on Wednesday, October 2nd. UBS Group reiterated a “buy” rating on shares of Linde in a research report on Friday, July 12th. Deutsche Bank upped their price target on Linde from $205.00 to $215.00 and gave the company a “buy” rating in a research report on Tuesday, August 6th. Finally, DZ Bank reiterated a “buy” rating on shares of Linde in a research report on Monday, July 22nd. Three 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. Linde has an average rating of “Buy” and a consensus price target of $203.59.

NYSE LIN traded down $0.85 on Friday, hitting $195.79. 1,012,589 shares of the stock traded hands, compared to its average volume of 1,426,464. The business’s fifty day moving average is $190.52 and its two-hundred day moving average is $190.56. Linde PLC has a 12 month low of $145.95 and a 12 month high of $206.82. The company has a debt-to-equity ratio of 0.23, a current ratio of 1.02 and a quick ratio of 0.85.

Linde (NYSE:LIN) last announced its quarterly earnings data 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. Linde had a return on equity of 12.10% and a net margin of 19.45%. The business had revenue of $7.20 billion during the quarter, compared to analyst estimates of $7.16 billion. Analysts anticipate that Linde PLC will post 7.13 earnings per share 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.

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Institutional Ownership by Quarter for Linde (NYSE:LIN)

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