Fulton Breakefield Broenniman LLC Trims Stock Holdings in Linde PLC (NYSE:LIN)

Fulton Breakefield Broenniman LLC lowered its position in shares of Linde PLC (NYSE:LIN) by 0.5% in the fourth quarter, according to the company in its most recent filing with the SEC. The firm owned 39,748 shares of the basic materials company’s stock after selling 183 shares during the quarter. Fulton Breakefield Broenniman LLC’s holdings in Linde were worth $8,462,000 at the end of the most recent reporting period.

Other institutional investors have also recently bought and sold shares of the company. Moors & Cabot Inc. raised its stake in shares of Linde by 3.5% during the 3rd quarter. Moors & Cabot Inc. now owns 1,730 shares of the basic materials company’s stock valued at $336,000 after buying an additional 58 shares during the last quarter. Regal Wealth Group Inc. boosted its stake in shares of Linde by 9.8% in the third quarter. Regal Wealth Group Inc. now owns 720 shares of the basic materials company’s stock worth $112,000 after buying an additional 64 shares during the last quarter. Allworth Financial LP grew its holdings in Linde by 22.0% during the third quarter. Allworth Financial LP now owns 372 shares of the basic materials company’s stock worth $72,000 after acquiring an additional 67 shares during the period. Endurance Wealth Management Inc. grew its holdings in Linde by 11.9% during the fourth quarter. Endurance Wealth Management Inc. now owns 649 shares of the basic materials company’s stock worth $138,000 after acquiring an additional 69 shares during the period. Finally, Mosaic Family Wealth LLC raised its position in Linde by 7.1% during the third quarter. Mosaic Family Wealth LLC now owns 1,193 shares of the basic materials company’s stock valued at $231,000 after acquiring an additional 79 shares in the last quarter. Institutional investors and hedge funds own 73.29% of the company’s stock.

In related news, EVP Anne K. Roby sold 1,583 shares of the firm’s stock in a transaction dated Monday, November 18th. The shares were sold at an average price of $209.71, for a total value of $331,970.93. Following the transaction, the executive vice president now directly owns 27,218 shares of the company’s stock, valued at approximately $5,707,886.78. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, EVP Anne K. Roby sold 2,402 shares of Linde stock in a transaction dated Friday, December 20th. The stock was sold at an average price of $212.17, for a total value of $509,632.34. Following the completion of the sale, the executive vice president now owns 36,433 shares in the company, valued at $7,729,989.61. The disclosure for this sale can be found here. 0.70% of the stock is currently owned by company insiders.

LIN traded down $1.84 during trading on Tuesday, hitting $209.96. The company’s stock had a trading volume of 2,011,430 shares, compared to its average volume of 1,907,549. The company has a quick ratio of 0.75, a current ratio of 0.90 and a debt-to-equity ratio of 0.21. Linde PLC has a twelve month low of $156.21 and a twelve month high of $214.45. The business’s fifty day simple moving average is $208.23 and its 200 day simple moving average is $198.68.

Linde (NYSE:LIN) last announced its earnings results on Tuesday, November 12th. The basic materials company reported $1.94 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $1.78 by $0.16. Linde had a return on equity of 10.68% and a net margin of 17.59%. The business had revenue of $7 billion during the quarter, compared to the consensus estimate of $7.14 billion. Analysts predict that Linde PLC will post 7.3 earnings per share for the current fiscal year.

The business also recently declared a dividend, which was paid on Tuesday, December 17th. Investors of record on Tuesday, December 3rd were paid a $0.875 dividend. The ex-dividend date of this dividend was Monday, December 2nd.

A number of brokerages have issued reports on LIN. Barclays boosted their price target on Linde from $210.00 to $230.00 and gave the company an “equal weight” rating in a report on Wednesday, November 13th. BMO Capital Markets raised their price objective on shares of Linde from $218.00 to $230.00 and gave the stock an “outperform” rating in a research note on Monday, December 2nd. Pareto Securities raised shares of Linde to a “hold” rating in a report on Tuesday, December 10th. ValuEngine raised shares of Linde from a “sell” rating to a “hold” rating in a report on Friday, January 3rd. Finally, Atlantic Securities started coverage on shares of Linde in a research note on Wednesday, November 27th. They issued an “overweight” rating and a $250.00 target price for the company. Two investment analysts have rated the stock with a sell rating, four have assigned a hold rating and twelve have given a buy rating to the company’s stock. Linde has a consensus rating of “Buy” and a consensus price target of $215.24.

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.

See Also: Inverted Yield Curve

Want to see what other hedge funds are holding LIN? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Linde PLC (NYSE:LIN).

Institutional Ownership by Quarter for Linde (NYSE:LIN)

Receive News & Ratings for Linde Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Linde and related companies with MarketBeat.com's FREE daily email newsletter.