YorkBridge Wealth Partners LLC Cuts Stock Position in Linde PLC (NYSE:LIN)
YorkBridge Wealth Partners LLC lessened its stake in shares of Linde PLC (NYSE:LIN) by 2.1% in the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 4,318 shares of the basic materials company’s stock after selling 91 shares during the quarter. YorkBridge Wealth Partners LLC’s holdings in Linde were worth $867,000 at the end of the most recent quarter.
Other institutional investors also recently added to or reduced their stakes in the company. BlackRock Inc. raised its position in Linde by 2.1% in the first quarter. BlackRock Inc. now owns 31,573,871 shares of the basic materials company’s stock worth $5,554,790,000 after acquiring an additional 636,524 shares in the last quarter. Deutsche Bank AG purchased a new position in Linde in the fourth quarter worth $1,315,604,000. FMR LLC raised its position in Linde by 4.6% in the first quarter. FMR LLC now owns 8,219,013 shares of the basic materials company’s stock worth $1,440,632,000 after acquiring an additional 364,348 shares in the last quarter. Geode Capital Management LLC purchased a new position in Linde in the fourth quarter worth $997,692,000. Finally, Northern Trust Corp raised its position in Linde by 0.8% in the first quarter. Northern Trust Corp now owns 6,335,841 shares of the basic materials company’s stock worth $1,114,665,000 after acquiring an additional 47,575 shares in the last quarter. Institutional investors and hedge funds own 73.07% of the company’s stock.
Shares of LIN traded down $2.49 during trading hours on Tuesday, reaching $197.29. 1,502,472 shares of the company traded hands, compared to its average volume of 1,129,608. The company has a quick ratio of 1.20, a current ratio of 1.35 and a debt-to-equity ratio of 0.22. Linde PLC has a fifty-two week low of $145.95 and a fifty-two week high of $206.82. The company’s fifty day moving average price is $202.27.
In other Linde news, CEO Stephen F. Angel sold 56,574 shares of the firm’s stock in a transaction dated Thursday, June 6th. The stock was sold at an average price of $197.27, for a total value of $11,160,352.98. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, VP Eduardo F. Menezes sold 19,056 shares of the firm’s stock in a transaction dated Friday, May 17th. The stock was sold at an average price of $188.23, for a total value of $3,586,910.88. The disclosure for this sale can be found here. 0.70% of the stock is owned by company insiders.
Several research firms have issued reports on LIN. SunTrust Banks cut their price objective on Perrigo to $46.00 and set a “hold” rating for the company in a research report on Thursday, April 4th. KeyCorp lowered Steris from an “overweight” rating to a “sector weight” rating in a report on Tuesday, July 9th. They noted that the move was a valuation call. BMO Capital Markets upped their target price on Air Products & Chemicals to $235.00 and gave the company an “outperform” rating in a report on Monday, May 13th. ValuEngine raised Zynerba Pharmaceuticals from a “sell” rating to a “hold” rating in a report on Monday, April 1st. Finally, DZ Bank reissued a “buy” rating on shares of Linde in a report on Monday, July 22nd. One equities research analyst has rated the stock with a sell rating, six have given a hold rating and twelve have issued a buy rating to the stock. Linde presently has an average rating of “Buy” and an average target price of $201.01.
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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