Cibc Bank USA Purchases 94 Shares of Linde PLC (NYSE:LIN)

Cibc Bank USA increased its position in Linde PLC (NYSE:LIN) by 7.4% during the 3rd quarter, Holdings Channel reports. The firm owned 1,366 shares of the basic materials company’s stock after acquiring an additional 94 shares during the quarter. Cibc Bank USA’s holdings in Linde were worth $265,000 at the end of the most recent quarter.

A number of other large investors have also recently made changes to their positions in LIN. Price T Rowe Associates Inc. MD lifted its holdings in 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 during the period. Amundi Pioneer Asset Management Inc. lifted its stake in Linde by 41.2% in the 2nd quarter. Amundi Pioneer Asset Management Inc. now owns 6,929,763 shares of the basic materials company’s stock valued at $1,391,497,000 after buying an additional 2,022,326 shares in the last quarter. Nuveen Asset Management LLC lifted its stake in Linde by 4,412.8% in 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 buying an additional 6,539,513 shares in the last quarter. Northern Trust Corp lifted its stake in Linde by 1.1% in the 2nd quarter. Northern Trust Corp now owns 6,407,044 shares of the basic materials company’s stock valued at $1,286,535,000 after buying an additional 71,203 shares in the last quarter. Finally, Wells Fargo & Company MN lifted its stake in Linde by 2.8% in the 2nd quarter. Wells Fargo & Company MN now owns 4,087,573 shares of the basic materials company’s stock valued at $820,785,000 after buying an additional 110,405 shares in the last quarter. 73.84% of the stock is currently owned by institutional investors.

NYSE:LIN opened at $193.70 on Thursday. The company has a fifty day simple moving average of $191.15 and a two-hundred day simple moving average of $190.95. 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 PLC has a 52 week low of $145.95 and a 52 week high of $206.82.

Linde (NYSE:LIN) last posted its quarterly earnings results on Monday, August 5th. The basic materials company reported $1.83 EPS for the quarter, topping the Thomson Reuters’ 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 net margin of 19.45% and a return on equity of 12.10%. Equities analysts expect that Linde PLC will post 7.13 EPS for the current year.

LIN has been the topic of a number of research reports. KeyCorp raised their price target on shares of Linde from $205.00 to $220.00 and gave the company an “overweight” rating in a research note on Tuesday, July 9th. ValuEngine lowered shares of Linde from a “sell” rating to a “strong sell” rating in a research note on Wednesday, October 2nd. Sanford C. Bernstein reaffirmed a “sell” rating on shares of Linde in a research note on Thursday, July 18th. Wells Fargo & Co initiated coverage on shares of Linde in a research note on Tuesday, October 15th. They issued an “outperform” rating and a $223.00 price target on the stock. Finally, Bank of America raised their price target on shares of Linde from $180.00 to $184.00 and gave the company an “underperform” rating in a research note on Tuesday, August 6th. Three analysts have rated the stock with a sell rating, four have assigned a hold rating and fourteen have assigned a buy rating to the company’s stock. Linde has a consensus rating of “Buy” and a consensus price target of $203.59.

In related news, VP Bernd Hugo Eulitz sold 335 shares of the business’s stock in a transaction on Thursday, August 15th. The shares were sold at an average price of $186.43, for a total transaction of $62,454.05. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Insiders own 0.70% of the company’s stock.

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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