Linde PLC (NYSE:LIN) Shares Sold by Swiss National Bank

Swiss National Bank lessened its stake in Linde PLC (NYSE:LIN) by 2.3% in the 2nd quarter, Holdings Channel.com reports. The firm owned 1,922,836 shares of the basic materials company’s stock after selling 45,500 shares during the period. Swiss National Bank’s holdings in Linde were worth $386,105,000 at the end of the most recent reporting period.

Several other large investors also recently bought and sold shares of the stock. BlackRock Inc. boosted its position in shares of Linde by 2.1% during the first quarter. BlackRock Inc. now owns 31,573,871 shares of the basic materials company’s stock worth $5,554,790,000 after buying an additional 636,524 shares during the period. FMR LLC grew its stake in shares of Linde by 4.6% during the 1st quarter. FMR LLC now owns 8,219,013 shares of the basic materials company’s stock valued at $1,440,632,000 after buying an additional 364,348 shares during the period. Northern Trust Corp grew its stake in shares of Linde by 0.8% during the 1st quarter. Northern Trust Corp now owns 6,335,841 shares of the basic materials company’s stock valued at $1,114,665,000 after buying an additional 47,575 shares during the period. Amundi Pioneer Asset Management Inc. grew its stake in shares of Linde by 33,491.9% during the 1st quarter. Amundi Pioneer Asset Management Inc. now owns 4,907,437 shares of the basic materials company’s stock valued at $863,366,000 after buying an additional 4,892,828 shares during the period. Finally, Clearbridge Investments LLC grew its stake in shares of Linde by 8.4% during the 1st quarter. Clearbridge Investments LLC now owns 4,827,751 shares of the basic materials company’s stock valued at $849,346,000 after buying an additional 373,994 shares during the period. 72.69% of the stock is owned by hedge funds and other institutional investors.

LIN has been the subject of several research reports. ValuEngine cut shares of Linde from a “hold” rating to a “sell” rating in a research note on Tuesday, August 6th. Jefferies Financial Group reissued a “buy” rating on shares of Linde in a research report on Friday, June 21st. Sanford C. Bernstein reissued a “sell” rating on shares of Linde in a research report on Thursday, July 18th. JPMorgan Chase & Co. upped their price objective on shares of Linde from $206.00 to $208.00 and gave the company an “overweight” rating in a research report on Tuesday, August 6th. Finally, KeyCorp upped their price objective on shares of Linde from $205.00 to $220.00 and gave the company an “overweight” rating in a research report on Tuesday, July 9th. Three equities research analysts have rated the stock with a sell rating, four have issued a hold rating and thirteen have given a buy rating to the company. Linde has an average rating of “Buy” and a consensus price target of $201.83.

Shares of Linde stock traded up $1.33 during trading on Friday, reaching $187.97. The company had a trading volume of 21,773 shares, compared to its average volume of 1,925,120. The company has a market cap of $105.11 billion, a price-to-earnings ratio of 30.19, a price-to-earnings-growth ratio of 2.15 and a beta of 0.76. The firm’s fifty day moving average is $198.42 and its 200-day moving average is $184.56. The company has a debt-to-equity ratio of 0.23, a quick ratio of 0.85 and a current ratio of 1.02. Linde PLC has a fifty-two week low of $145.95 and a fifty-two week high of $206.82.

In other news, CEO Stephen F. Angel sold 56,574 shares of the company’s stock in a transaction dated Thursday, June 6th. The shares were 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 is accessible through the SEC website. Corporate insiders own 0.70% of the company’s stock.

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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