Bp Plc bought a new position in Linde PLC (NYSE:LIN) in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor bought 84,000 shares of the basic materials company’s stock, valued at approximately $13,112,000.
A number of other institutional investors and hedge funds have also recently modified their holdings of the business. Heritage Trust Co purchased a new stake in Linde in the fourth quarter worth $31,000. Sharkey Howes & Javer purchased a new stake in Linde in the fourth quarter worth $31,000. Flagship Harbor Advisors LLC purchased a new stake in Linde in the fourth quarter worth $31,000. Private Ocean LLC purchased a new stake in Linde in the fourth quarter worth $35,000. Finally, Tarbox Family Office Inc. purchased a new stake in Linde in the fourth quarter worth $36,000. 40.77% of the stock is owned by institutional investors and hedge funds.
LIN opened at $167.38 on Thursday. The company has a quick ratio of 0.70, a current ratio of 0.86 and a debt-to-equity ratio of 0.98. The firm has a market capitalization of $88.84 billion, a price-to-earnings ratio of 28.61, a PEG ratio of 1.79 and a beta of 0.77. Linde PLC has a 12-month low of $145.95 and a 12-month high of $168.49.
A number of analysts recently commented on the company. BMO Capital Markets assumed coverage on Linde in a research note on Tuesday, November 6th. They issued a “market perform” rating for the company. UBS Group assumed coverage on Linde in a research note on Thursday, December 6th. They issued a “buy” rating for the company. Sanford C. Bernstein assumed coverage on Linde in a research note on Monday, November 5th. They issued an “underperform” rating for the company. Edward Jones assumed coverage on Linde in a research note on Wednesday, October 31st. They issued a “buy” rating for the company. Finally, Deutsche Bank assumed coverage on Linde in a research note on Thursday, November 15th. They issued a “buy” rating for the company. Two investment analysts have rated the stock with a sell rating, four have assigned a hold rating and ten have assigned a buy rating to the company. The stock currently has an average rating of “Buy” and an average target price of $185.20.
In other Linde news, insider Eduardo F. Menezes sold 6,335 shares of the stock in a transaction on Thursday, November 29th. The stock was sold at an average price of $156.00, for a total value of $988,260.00. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CFO Matthew J. White sold 7,749 shares of the stock in a transaction on Friday, February 1st. The stock was sold at an average price of $164.99, for a total value of $1,278,507.51. The disclosure for this sale can be found here. In the last quarter, insiders sold 15,884 shares of company stock valued at $2,551,222. 0.23% of the stock is owned by corporate insiders.
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Linde Company Profile
Linde plc operates as an industrial gas and engineering company. The company offers oxygen, nitrogen, argon, rare gases, carbon monoxide, carbon dioxide, helium, hydrogen, electronic gases, specialty gases, acetylene, shielding gases, and noble gases, as well as develops and distributes procedures and systems for gas applications.
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