Linde PLC (NYSE:LIN) Shares Sold by Schaper Benz & Wise Investment Counsel Inc. WI

Schaper Benz & Wise Investment Counsel Inc. WI decreased its position in Linde PLC (NYSE:LIN) by 3.6% in the 2nd quarter, Holdings Channel.com reports. The fund owned 61,695 shares of the basic materials company’s stock after selling 2,275 shares during the period. Schaper Benz & Wise Investment Counsel Inc. WI’s holdings in Linde were worth $12,388,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors and hedge funds have also recently modified their holdings of the company. BlackRock Inc. grew its position in shares of Linde by 2.1% in the 1st 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. FMR LLC grew its position in shares of Linde by 4.6% in the 1st 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. Northern Trust Corp grew its position in shares of Linde by 0.8% in the 1st 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. Amundi Pioneer Asset Management Inc. grew its position in shares of Linde by 33,491.9% in the 1st quarter. Amundi Pioneer Asset Management Inc. now owns 4,907,437 shares of the basic materials company’s stock worth $863,366,000 after acquiring an additional 4,892,828 shares in the last quarter. Finally, Clearbridge Investments LLC grew its position in shares of Linde by 8.4% in the 1st quarter. Clearbridge Investments LLC now owns 4,827,751 shares of the basic materials company’s stock worth $849,346,000 after acquiring an additional 373,994 shares in the last quarter. Institutional investors own 72.65% of the company’s stock.

Shares of NYSE LIN traded up $1.11 during mid-day trading on Monday, hitting $189.90. The company had a trading volume of 20,482 shares, compared to its average volume of 2,019,878. The stock has a market cap of $101.70 billion, a price-to-earnings ratio of 29.21, a PEG ratio of 2.08 and a beta of 0.76. Linde PLC has a 12 month low of $145.95 and a 12 month high of $206.82. The company has a debt-to-equity ratio of 0.23, a current ratio of 1.02 and a quick ratio of 0.85. The firm’s 50 day simple moving average is $198.19 and its two-hundred day simple moving average is $184.58.

LIN has been the subject of several research reports. Barclays lifted their target price on Linde from $180.00 to $195.00 and gave the stock an “equal weight” rating in a research report on Tuesday, May 14th. Jefferies Financial Group reissued a “buy” rating on shares of Linde in a report on Friday, June 21st. Deutsche Bank raised their price target on Linde from $205.00 to $215.00 and gave the stock a “buy” rating in a report on Tuesday, August 6th. ValuEngine downgraded Linde from a “hold” rating to a “sell” rating in a report on Tuesday, August 6th. Finally, KeyCorp raised their price target on Linde from $205.00 to $220.00 and gave the stock an “overweight” rating in a report on Tuesday, July 9th. Three equities research analysts have rated the stock with a sell rating, four have assigned a hold rating and thirteen have assigned a buy rating to the stock. Linde has an average rating of “Buy” and a consensus price target of $201.83.

In other Linde news, CEO Stephen F. Angel sold 56,574 shares of Linde stock in a transaction on Thursday, June 6th. The stock was sold at an average price of $197.27, for a total transaction of $11,160,352.98. The sale was disclosed in a filing with the SEC, which is available at this hyperlink. Also, VP Bernd Hugo Eulitz sold 335 shares of Linde stock in a transaction on Thursday, August 15th. The shares were sold at an average price of $186.43, for a total value of $62,454.05. 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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