Coastline Trust Co Sells 419 Shares of Linde PLC (NYSE:LIN)

Coastline Trust Co cut its holdings in shares of Linde PLC (NYSE:LIN) by 5.4% in the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 7,411 shares of the basic materials company’s stock after selling 419 shares during the period. Coastline Trust Co’s holdings in Linde were worth $1,436,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also added to or reduced their stakes in LIN. Price T Rowe Associates Inc. MD increased its holdings in shares of Linde by 252.0% during the second quarter. Price T Rowe Associates Inc. MD now owns 10,000,888 shares of the basic materials company’s stock worth $2,008,178,000 after buying an additional 7,159,363 shares in the last quarter. Amundi Pioneer Asset Management Inc. increased its holdings in shares of Linde by 41.2% during the second quarter. Amundi Pioneer Asset Management Inc. now owns 6,929,763 shares of the basic materials company’s stock worth $1,391,497,000 after buying an additional 2,022,326 shares in the last quarter. Nuveen Asset Management LLC increased its holdings in shares of Linde by 4,412.8% during the second quarter. Nuveen Asset Management LLC now owns 6,687,706 shares of the basic materials company’s stock worth $1,342,890,000 after buying an additional 6,539,513 shares in the last quarter. Northern Trust Corp increased its holdings in shares of Linde by 1.1% during the second quarter. Northern Trust Corp now owns 6,407,044 shares of the basic materials company’s stock worth $1,286,535,000 after buying an additional 71,203 shares in the last quarter. Finally, Wells Fargo & Company MN increased its holdings in shares of Linde by 2.8% during the second quarter. Wells Fargo & Company MN now owns 4,087,573 shares of the basic materials company’s stock worth $820,785,000 after buying an additional 110,405 shares in the last quarter. Hedge funds and other institutional investors own 73.84% of the company’s stock.

NYSE LIN opened at $195.79 on Monday. Linde PLC has a twelve month low of $145.95 and a twelve month high of $206.82. The stock has a fifty day simple moving average of $190.52 and a 200 day simple moving average of $190.56. The company has a debt-to-equity ratio of 0.23, a quick ratio of 0.85 and a current ratio of 1.02.

Linde (NYSE:LIN) last posted its quarterly earnings data on Monday, August 5th. The basic materials company reported $1.83 earnings per share for the quarter, beating the Zacks’ consensus estimate of $1.75 by $0.08. The business 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%. Research analysts predict that Linde PLC will post 7.13 EPS for the current year.

In related 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 value of $62,454.05. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Corporate insiders own 0.70% of the company’s stock.

Several brokerages have recently issued reports on LIN. Zacks Investment Research upgraded shares of Linde from a “hold” rating to a “buy” rating and set a $211.00 price target for the company in a report on Thursday, August 8th. DZ Bank reiterated a “buy” rating on shares of Linde in a report on Monday, July 22nd. Sanford C. Bernstein reiterated a “sell” rating on shares of Linde in a report on Thursday, July 18th. Deutsche Bank upped their price target on shares of Linde from $205.00 to $215.00 and gave the stock a “buy” rating in a report on Tuesday, August 6th. Finally, Wells Fargo & Co began coverage on shares of Linde in a report on Tuesday, October 15th. They set an “outperform” rating and a $223.00 price target for the company. Three research analysts have rated the stock with a sell rating, four have issued a hold rating and fourteen have given a buy rating to the company’s stock. The company currently has an average rating of “Buy” and a consensus target price of $203.59.

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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