Sullivan Bruyette Speros & Blaney LLC Acquires Shares of 1,083 Linde PLC (NYSE:LIN)

Sullivan Bruyette Speros & Blaney LLC acquired a new stake in Linde PLC (NYSE:LIN) in the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund acquired 1,083 shares of the basic materials company’s stock, valued at approximately $217,000.

A number of other institutional investors also recently added to or reduced their stakes in the business. Comerica Securities Inc. bought a new stake in Linde during the 4th quarter worth approximately $309,000. Dimensional Fund Advisors LP bought a new stake in Linde during the 4th quarter worth approximately $126,732,000. Two Sigma Advisers LP bought a new stake in Linde during the 4th quarter worth approximately $263,000. Carroll Financial Associates Inc. bought a new stake in Linde during the 1st quarter worth approximately $103,000. Finally, Pennsylvania Trust Co bought a new stake in Linde during the 1st quarter worth approximately $3,897,000. 72.65% of the stock is owned by institutional investors.

Linde stock traded up $1.81 during trading on Wednesday, hitting $189.50. The stock had a trading volume of 16,623 shares, compared to its average volume of 2,018,409. Linde PLC has a 1 year low of $145.95 and a 1 year 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. The stock’s 50 day moving average is $197.21 and its two-hundred day moving average is $184.77.

In related news, CEO Stephen F. Angel sold 56,574 shares of the company’s stock in a transaction that occurred on Thursday, June 6th. The stock was sold at an average price of $197.27, for a total value of $11,160,352.98. The transaction was disclosed in a filing with the SEC, which is available at this hyperlink. Also, VP Bernd Hugo Eulitz sold 335 shares of the business’s stock in a transaction on Thursday, August 15th. The shares were sold at an average price of $186.43, for a total transaction of $62,454.05. The disclosure for this sale can be found here. 0.70% of the stock is currently owned by corporate insiders.

A number of brokerages have commented on LIN. Bank of America boosted their price objective on Linde from $180.00 to $184.00 and gave the stock an “underperform” rating in a report on Tuesday, August 6th. Sanford C. Bernstein restated a “sell” rating on shares of Linde in a research note on Thursday, July 18th. Barclays boosted their target price on Linde from $180.00 to $195.00 and gave the stock an “equal weight” rating in a research note on Tuesday, May 14th. BMO Capital Markets upgraded Linde from a “market perform” rating to an “outperform” rating and set a $210.00 target price on the stock in a research note on Monday, May 13th. Finally, Zacks Investment Research upgraded Linde from a “hold” rating to a “buy” rating and set a $211.00 target price on the stock in a research note on Thursday, August 8th. Three equities research analysts have rated the stock with a sell rating, four have issued a hold rating and thirteen have issued a buy rating to the company. The stock presently has an average rating of “Buy” and a consensus target price of $201.83.

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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