Zevin Asset Management LLC Purchases 646 Shares of Linde PLC (NYSE:LIN)

Zevin Asset Management LLC increased its position in Linde PLC (NYSE:LIN) by 1.5% during the 3rd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 42,506 shares of the basic materials company’s stock after purchasing an additional 646 shares during the quarter. Linde makes up about 2.7% of Zevin Asset Management LLC’s portfolio, making the stock its 15th biggest position. Zevin Asset Management LLC’s holdings in Linde were worth $8,234,000 at the end of the most recent reporting period.

Other large investors have also recently made changes to their positions in the company. Great Valley Advisor Group Inc. lifted its holdings in Linde by 2.3% during the second quarter. Great Valley Advisor Group Inc. now owns 2,285 shares of the basic materials company’s stock worth $459,000 after buying an additional 51 shares during the period. Enterprise Financial Services Corp lifted its holdings in Linde by 26.0% during the second quarter. Enterprise Financial Services Corp now owns 262 shares of the basic materials company’s stock worth $53,000 after buying an additional 54 shares during the period. Independent Advisor Alliance lifted its holdings in Linde by 0.5% during the second quarter. Independent Advisor Alliance now owns 12,625 shares of the basic materials company’s stock worth $2,535,000 after buying an additional 58 shares during the period. Moors & Cabot Inc. lifted its holdings in Linde by 3.5% during the third quarter. Moors & Cabot Inc. now owns 1,730 shares of the basic materials company’s stock worth $336,000 after buying an additional 58 shares during the period. Finally, Regal Wealth Group Inc. lifted its holdings in Linde by 9.8% during 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 period. 74.02% of the stock is currently owned by institutional investors.

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

Shares of LIN traded up $0.40 during midday trading on Friday, hitting $203.00. 866,730 shares of the company’s stock traded hands, compared to its average volume of 1,654,320. Linde PLC has a 1 year low of $145.95 and a 1 year high of $206.82. The firm’s fifty day moving average is $193.95 and its 200-day moving average is $192.28. The company has a debt-to-equity ratio of 0.23, a quick ratio of 0.85 and a current ratio of 1.02.

A number of analysts have weighed in on the company. Sanford C. Bernstein restated a “sell” rating on shares of Linde in a report on Thursday, July 18th. Deutsche Bank upped their target price on Linde from $205.00 to $215.00 and gave the stock a “buy” rating in a report on Tuesday, August 6th. Bank of America upped their target price on Linde from $180.00 to $184.00 and gave the stock an “underperform” rating in a report on Tuesday, August 6th. DZ Bank restated a “buy” rating on shares of Linde in a report on Monday, July 22nd. Finally, Zacks Investment Research upgraded Linde from a “hold” rating to a “buy” rating and set a $211.00 target price for the company in a report on Thursday, August 8th. Three investment analysts have rated the stock with a sell rating, four have given a hold rating and thirteen have assigned a buy rating to the stock. The company presently has an average rating of “Buy” and an average target price of $203.59.

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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