Thomas Story & Son LLC reduced its position in Linde PLC (NYSE:LIN) by 4.6% in the 3rd quarter, according to its most recent filing with the SEC. The firm owned 4,154 shares of the basic materials company’s stock after selling 200 shares during the period. Thomas Story & Son LLC’s holdings in Linde were worth $805,000 at the end of the most recent reporting period.
Several other hedge funds and other institutional investors have also recently added to or reduced their stakes in LIN. Krane Funds Advisors LLC acquired a new stake in shares of Linde during the second quarter worth $25,000. Harvest Fund Management Co. Ltd acquired a new stake in shares of Linde during the second quarter worth $46,000. Ruggie Capital Group acquired a new stake in shares of Linde during the second quarter worth $48,000. Stonebridge Capital Advisors LLC acquired a new stake in shares of Linde during the second quarter worth $49,000. Finally, 1 North Wealth Services LLC acquired a new stake in shares of Linde during the third quarter worth $49,000. 74.02% of the stock is owned by institutional investors.
In other Linde news, VP Bernd Hugo Eulitz sold 335 shares of the business’s stock in a transaction dated Thursday, August 15th. The stock was sold at an average price of $186.43, for a total value of $62,454.05. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. 0.70% of the stock is currently owned by insiders.
A number of brokerages recently commented on LIN. Deutsche Bank lifted their price objective on Linde from $205.00 to $215.00 and gave the stock a “buy” rating in a research note on Tuesday, August 6th. ValuEngine cut Linde from a “sell” rating to a “strong sell” rating in a research note on Wednesday, October 2nd. Wells Fargo & Co began coverage on Linde in a research note on Tuesday, October 15th. They set an “outperform” rating and a $223.00 price objective for the company. Sanford C. Bernstein reaffirmed a “sell” rating on shares of Linde in a research note on Thursday, July 18th. Finally, JPMorgan Chase & Co. lifted their price objective on Linde from $206.00 to $208.00 and gave the stock an “overweight” rating in a research note on Tuesday, August 6th. Three analysts have rated the stock with a sell rating, four have issued a hold rating and thirteen have assigned a buy rating to the company’s stock. The stock currently has a consensus rating of “Buy” and a consensus 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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