Somerset Trust Co Invests $1.51 Million in Linde PLC (NYSE:LIN) Stock

Somerset Trust Co acquired a new stake in Linde PLC (NYSE:LIN) in the 4th quarter, according to the company in its most recent 13F filing with the SEC. The firm acquired 9,703 shares of the basic materials company’s stock, valued at approximately $1,514,000.

A number of other institutional investors and hedge funds also recently bought and sold shares of LIN. Confluence Investment Management LLC acquired a new stake in Linde in the 4th quarter valued at about $115,455,000. Retirement Systems of Alabama acquired a new stake in Linde in the 4th quarter valued at about $39,554,000. Nisa Investment Advisors LLC acquired a new stake in Linde in the 4th quarter valued at about $26,521,000. Davis R M Inc. acquired a new stake in Linde in the 4th quarter valued at about $25,964,000. Finally, BTIM Corp. acquired a new stake in Linde in the 4th quarter valued at about $24,213,000. Hedge funds and other institutional investors own 40.77% of the company’s stock.

Linde stock opened at $167.38 on Thursday. Linde PLC has a fifty-two week low of $145.95 and a fifty-two week high of $168.49. The company has a market cap of $88.84 billion, a P/E ratio of 28.61, a PEG ratio of 1.79 and a beta of 0.77. The company has a debt-to-equity ratio of 0.98, a quick ratio of 0.70 and a current ratio of 0.86.

In other Linde news, CFO Matthew J. White sold 7,749 shares of Linde stock in a transaction that occurred on Friday, February 1st. The shares were sold at an average price of $164.99, for a total value of $1,278,507.51. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, insider Eduardo F. Menezes sold 6,335 shares of Linde stock in a transaction that occurred on Thursday, November 29th. The shares were sold at an average price of $156.00, for a total transaction of $988,260.00. The disclosure for this sale can be found here. Insiders have sold a total of 15,884 shares of company stock worth $2,551,222 in the last three months. 0.23% of the stock is owned by insiders.

LIN has been the subject of several analyst reports. Edward Jones initiated coverage on shares of Linde in a research report on Wednesday, October 31st. They set a “buy” rating for the company. UBS Group initiated coverage on shares of Linde in a research report on Thursday, December 6th. They set a “buy” rating for the company. Kepler Capital Markets reiterated a “buy” rating on shares of Linde in a research report on Thursday, November 15th. Deutsche Bank initiated coverage on shares of Linde in a research report on Thursday, November 15th. They set a “buy” rating for the company. Finally, Jefferies Financial Group reiterated a “buy” rating on shares of Linde in a research report on Monday, November 12th. Two investment analysts have rated the stock with a sell rating, four have given a hold rating and ten have issued a buy rating to the stock. The company has an average rating of “Buy” and an average price target of $185.20.

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Linde Profile

Linde plc operates as an industrial gas and engineering company. The company offers oxygen, nitrogen, argon, rare gases, carbon monoxide, carbon dioxide, helium, hydrogen, electronic gases, specialty gases, acetylene, shielding gases, and noble gases, as well as develops and distributes procedures and systems for gas applications.

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Institutional Ownership by Quarter for Linde (NYSE:LIN)

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