November 10, 2019 at 5:24 pm

Thomas Story & Son LLC Sells 200 Shares of Linde PLC (NYSE:LIN)

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Thomas Story & Son LLC decreased its holdings in Linde PLC (NYSE:LIN) by 4.6% during the 3rd quarter, Holdings Channel.com reports. The institutional investor owned 4,154 shares of the basic materials company’s stock after selling 200 shares during the quarter. Thomas Story & Son LLC’s holdings in Linde were worth $805,000 as of its most recent filing with the Securities & Exchange Commission.

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A number of other large investors have also added to or reduced their stakes in LIN. Price T Rowe Associates Inc. MD grew its position in shares of Linde by 252.0% in 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 purchasing an additional 7,159,363 shares during the last quarter. Amundi Pioneer Asset Management Inc. grew its position in shares of Linde by 41.2% in 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 purchasing an additional 2,022,326 shares during the last quarter. Nuveen Asset Management LLC grew its position in 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 worth $1,342,890,000 after buying an additional 6,539,513 shares in the last quarter. Northern Trust Corp grew its position in Linde by 1.1% during the second quarter. Northern Trust Corp now owns 6,407,044 shares of the basic materials company’s stock worth $1,286,535,000 after buying an additional 71,203 shares in the last quarter. Finally, Wells Fargo & Company MN grew its position in 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 worth $820,785,000 after buying an additional 110,405 shares in the last quarter. Hedge funds and other institutional investors own 74.02% of the company’s stock.

NYSE LIN traded up $0.40 on Friday, hitting $203.00. 866,730 shares of the company’s stock were exchanged, compared to its average volume of 1,654,320. The stock has a 50-day moving average of $193.95 and a 200-day moving average of $192.28. 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 PLC has a 52 week low of $145.95 and a 52 week high of $206.82.

In other Linde news, VP Bernd Hugo Eulitz sold 335 shares of the company’s 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 transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. 0.70% of the stock is owned by corporate insiders.

LIN has been the topic of a number of analyst reports. JPMorgan Chase & Co. increased their price target on Linde from $206.00 to $208.00 and gave the stock an “overweight” rating in a research report on Tuesday, August 6th. ValuEngine downgraded Linde from a “sell” rating to a “strong sell” rating in a research report on Wednesday, October 2nd. Zacks Investment Research raised Linde from a “hold” rating to a “buy” rating and set a $211.00 price target on the stock in a research report on Thursday, August 8th. Deutsche Bank increased their price target on Linde from $205.00 to $215.00 and gave the stock a “buy” rating in a research report on Tuesday, August 6th. Finally, Sanford C. Bernstein reissued a “sell” rating on shares of Linde in a research report on Thursday, July 18th. 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 company’s stock. The stock presently has an average rating of “Buy” and an average price target of $203.59.

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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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)

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