Stanley Laman Group Ltd. trimmed its stake in shares of Linde PLC (NYSE:LIN) by 2.6% during the second quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 17,225 shares of the basic materials company’s stock after selling 455 shares during the period. Stanley Laman Group Ltd.’s holdings in Linde were worth $3,459,000 as of its most recent SEC filing.

Several other large investors also recently modified their holdings of the stock. Great Valley Advisor Group Inc. raised its holdings in shares of Linde by 2.3% during the second quarter. Great Valley Advisor Group Inc. now owns 2,285 shares of the basic materials company’s stock worth $459,000 after acquiring an additional 51 shares during the period. Enterprise Financial Services Corp raised its holdings in shares of Linde by 26.0% during the second quarter. Enterprise Financial Services Corp now owns 262 shares of the basic materials company’s stock worth $53,000 after acquiring an additional 54 shares during the period. MAI Capital Management raised its holdings in shares of Linde by 4.4% during the first quarter. MAI Capital Management now owns 1,388 shares of the basic materials company’s stock worth $244,000 after acquiring an additional 58 shares during the period. Lee Financial Co raised its holdings in shares of Linde by 0.9% during the first quarter. Lee Financial Co now owns 6,872 shares of the basic materials company’s stock worth $1,209,000 after acquiring an additional 60 shares during the period. Finally, Insight Wealth Strategies LLC raised its holdings in shares of Linde by 3.5% during the first quarter. Insight Wealth Strategies LLC now owns 1,860 shares of the basic materials company’s stock worth $327,000 after acquiring an additional 63 shares during the period. Institutional investors and hedge funds own 72.69% of the company’s stock.

Several equities research analysts have issued reports on the stock. BMO Capital Markets upgraded shares of Linde from a “market perform” rating to an “outperform” rating and set a $210.00 price target on the stock in a research note on Monday, May 13th. DZ Bank reiterated a “buy” rating on shares of Linde in a research note on Monday, July 22nd. Sanford C. Bernstein reiterated a “sell” rating on shares of Linde in a research note on Thursday, July 18th. Bank of America lifted their price target on shares of Linde from $180.00 to $184.00 and gave the company an “underperform” rating in a research note on Tuesday, August 6th. Finally, ValuEngine lowered shares of Linde from a “hold” rating to a “sell” rating in a research note on Tuesday, August 6th. Three analysts have rated the stock with a sell rating, four have assigned a hold rating and thirteen have given a buy rating to the stock. The company has an average rating of “Buy” and an average target price of $201.83.

In other news, VP Eduardo F. Menezes sold 19,056 shares of the business’s stock in a transaction dated Friday, May 17th. The shares were sold at an average price of $188.23, for a total transaction of $3,586,910.88. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link. Also, CEO Stephen F. Angel sold 56,574 shares of the business’s stock in a transaction dated Thursday, June 6th. The stock was 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.

LIN stock traded down $4.91 during midday trading on Wednesday, hitting $187.30. The company’s stock had a trading volume of 594,681 shares, compared to its average volume of 1,759,416. The business has a fifty day moving average price of $199.04. Linde PLC has a twelve month low of $145.95 and a twelve month high of $206.82. The company has a current ratio of 1.02, a quick ratio of 0.85 and a debt-to-equity ratio of 0.23.

Linde 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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