Boston Private Wealth LLC Has $669,000 Stake in Linde PLC (NYSE:LIN)

Boston Private Wealth LLC decreased its position in shares of Linde PLC (NYSE:LIN) by 10.4% in the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 3,451 shares of the basic materials company’s stock after selling 400 shares during the period. Boston Private Wealth LLC’s holdings in Linde were worth $669,000 at the end of the most recent quarter.

Other institutional investors have also recently added to or reduced their stakes in the company. Price T Rowe Associates Inc. MD raised its position 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 valued at $2,008,178,000 after buying an additional 7,159,363 shares during the last quarter. Amundi Pioneer Asset Management Inc. raised its position 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 valued at $1,391,497,000 after buying an additional 2,022,326 shares during the last quarter. Nuveen Asset Management LLC raised its position 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 valued at $1,342,890,000 after buying an additional 6,539,513 shares during the last quarter. Northern Trust Corp raised its position 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 valued at $1,286,535,000 after buying an additional 71,203 shares during the last quarter. Finally, Wells Fargo & Company MN raised its position 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 valued at $820,785,000 after buying an additional 110,405 shares during the last quarter. 74.02% of the stock is owned by hedge funds and other institutional investors.

A number of research analysts have recently commented on the stock. ValuEngine lowered shares of Linde from a “sell” rating to a “strong sell” rating in a research report on Wednesday, October 2nd. 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 research report on Thursday, August 8th. Sanford C. Bernstein reaffirmed a “sell” rating on shares of Linde in a research report on Thursday, July 18th. JPMorgan Chase & Co. upped their price objective on shares of Linde from $206.00 to $208.00 and gave the company an “overweight” rating in a research report on Tuesday, August 6th. Finally, UBS Group reaffirmed a “buy” rating on shares of Linde in a research report on Friday, July 12th. Three equities research analysts have rated the stock with a sell rating, four have assigned a hold rating and thirteen have assigned a buy rating to the stock. The stock has an average rating of “Buy” and an average target price of $203.59.

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

NYSE LIN opened at $203.00 on Friday. The company’s 50-day simple moving average is $193.95 and its 200 day simple moving average is $192.28. Linde PLC has a twelve month low of $145.95 and a twelve 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 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.

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Institutional Ownership by Quarter for Linde (NYSE:LIN)

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