Exane Asset Management Purchases New Position in Linde PLC (NYSE:LIN)

Exane Asset Management purchased a new stake in Linde PLC (NYSE:LIN) during the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor purchased 1,041 shares of the basic materials company’s stock, valued at approximately $202,000. Linde comprises 0.2% of Exane Asset Management’s holdings, making the stock its 26th largest position.

Other institutional investors and hedge funds also recently made changes to their positions in the company. Krane Funds Advisors LLC bought a new stake in Linde in the 2nd quarter valued at about $25,000. Harvest Fund Management Co. Ltd bought a new stake in Linde in the 2nd quarter valued at about $46,000. Ruggie Capital Group bought a new stake in Linde in the 2nd quarter valued at about $48,000. Stonebridge Capital Advisors LLC bought a new stake in Linde in the 2nd quarter valued at about $49,000. Finally, Ibex Wealth Advisors bought a new stake in Linde in the 2nd quarter valued at about $50,000. Institutional investors and hedge funds own 73.84% of the company’s stock.

Shares of Linde stock opened at $192.99 on Friday. The company has a 50 day moving average of $191.27 and a 200-day moving average of $190.99. Linde PLC has a 1-year low of $145.95 and a 1-year high of $206.82. The company has a quick ratio of 0.85, a current ratio of 1.02 and a debt-to-equity ratio of 0.23.

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

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

A number of research firms have issued reports on LIN. Zacks Investment Research raised shares of Linde from a “hold” rating to a “buy” rating and set a $211.00 price objective for the company in a report on Thursday, August 8th. Sanford C. Bernstein reissued a “sell” rating on shares of Linde in a report on Thursday, July 18th. ValuEngine downgraded shares of Linde from a “sell” rating to a “strong sell” rating in a report on Wednesday, October 2nd. DZ Bank reissued a “buy” rating on shares of Linde in a report on Monday, July 22nd. Finally, KeyCorp upped their price target on shares of Linde from $205.00 to $220.00 and gave the stock an “overweight” rating in a report on Tuesday, July 9th. Three analysts have rated the stock with a sell rating, four have given a hold rating and fourteen have assigned a buy rating to the company. Linde presently has a consensus rating of “Buy” and a consensus target price of $203.59.

About Linde

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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