World Asset Management Inc lowered its holdings in shares of Linde PLC (NYSE:LIN) by 9.6% in the 2nd quarter, Holdings Channel.com reports. The firm owned 35,881 shares of the basic materials company’s stock after selling 3,801 shares during the quarter. World Asset Management Inc’s holdings in Linde were worth $7,205,000 at the end of the most recent reporting period.

Several other institutional investors have also recently added to or reduced their stakes in LIN. MAI Capital Management boosted its stake in Linde by 4.4% in the 1st quarter. MAI Capital Management now owns 1,388 shares of the basic materials company’s stock worth $244,000 after purchasing an additional 58 shares in the last quarter. Lee Financial Co lifted its stake in Linde by 0.9% during the 1st quarter. Lee Financial Co now owns 6,872 shares of the basic materials company’s stock valued at $1,209,000 after acquiring an additional 60 shares during the period. Insight Wealth Strategies LLC lifted its stake in Linde by 3.5% during the 1st quarter. Insight Wealth Strategies LLC now owns 1,860 shares of the basic materials company’s stock valued at $327,000 after acquiring an additional 63 shares during the period. Private Trust Co. NA lifted its stake in Linde by 2.2% during the 1st quarter. Private Trust Co. NA now owns 3,552 shares of the basic materials company’s stock valued at $624,000 after acquiring an additional 75 shares during the period. Finally, Telemus Capital LLC lifted its stake in Linde by 1.4% during the 1st quarter. Telemus Capital LLC now owns 5,370 shares of the basic materials company’s stock valued at $945,000 after acquiring an additional 75 shares during the period. Hedge funds and other institutional investors own 73.07% of the company’s stock.

Several analysts have commented on LIN shares. DZ Bank restated a “buy” rating on shares of Linde in a research note on Monday, July 22nd. JPMorgan Chase & Co. lifted their price objective on shares of Diageo from GBX 3,100 ($40.51) to GBX 3,200 ($41.81) and gave the company a “neutral” rating in a research note on Friday, June 7th. UBS Group restated a “buy” rating on shares of Linde in a research note on Friday, July 12th. SunTrust Banks decreased their price objective on shares of Perrigo to $46.00 and set a “hold” rating for the company in a research note on Thursday, April 4th. Finally, ValuEngine upgraded shares of Zynerba Pharmaceuticals from a “sell” rating to a “hold” rating in a research note on Monday, April 1st. One investment analyst has rated the stock with a sell rating, six have assigned a hold rating and twelve have issued a buy rating to the company’s stock. The company currently has an average rating of “Buy” and a consensus target price of $201.01.

Shares of NYSE:LIN traded down $1.18 during trading on Monday, hitting $199.78. 34,660 shares of the stock traded hands, compared to its average volume of 1,129,608. The company has a debt-to-equity ratio of 0.22, a current ratio of 1.35 and a quick ratio of 1.20. The business’s fifty day simple moving average is $202.23. Linde PLC has a 52-week low of $145.95 and a 52-week high of $206.82.

Linde (NYSE:LIN) last posted its earnings results on Friday, May 10th. The basic materials company reported $1.69 earnings per share for the quarter, beating the consensus estimate of $1.54 by $0.15. The firm had revenue of $6.94 billion during the quarter, compared to analyst estimates of $7.03 billion. Linde had a net margin of 23.52% and a return on equity of 14.95%. On average, sell-side analysts anticipate that Linde PLC will post 6.95 earnings per share for the current fiscal year.

In other news, VP Christian Bruch bought 1,474 shares of the business’s stock in a transaction dated Wednesday, May 15th. The stock was purchased at an average cost of $179.21 per share, with a total value of $264,155.54. The acquisition was disclosed in a legal filing with the SEC, which is available through this link. Also, CEO Stephen F. Angel sold 56,574 shares of Linde stock in a transaction that occurred on Thursday, June 6th. The shares were sold at an average price of $197.27, for a total transaction of $11,160,352.98. The disclosure for this sale can be found here. 0.70% of the stock is owned by insiders.

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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