Whittier Trust Co. of Nevada Inc. Raises Position in Linde PLC (NYSE:LIN)

Whittier Trust Co. of Nevada Inc. grew its holdings in shares of Linde PLC (NYSE:LIN) by 2.0% during the second quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 23,474 shares of the basic materials company’s stock after purchasing an additional 470 shares during the quarter. Whittier Trust Co. of Nevada Inc.’s holdings in Linde were worth $4,713,000 at the end of the most recent quarter.

Other institutional investors have also modified their holdings of the company. Whittier Trust Co. increased its holdings in shares of Linde by 0.6% during the 2nd quarter. Whittier Trust Co. now owns 99,795 shares of the basic materials company’s stock worth $20,039,000 after buying an additional 601 shares during the last quarter. Asset Dedication LLC increased its holdings in shares of Linde by 188.9% during the 2nd quarter. Asset Dedication LLC now owns 1,745 shares of the basic materials company’s stock worth $350,000 after buying an additional 1,141 shares during the last quarter. First National Trust Co increased its holdings in shares of Linde by 3.7% during the 2nd quarter. First National Trust Co now owns 29,718 shares of the basic materials company’s stock worth $5,967,000 after buying an additional 1,072 shares during the last quarter. AE Wealth Management LLC acquired a new stake in shares of Linde during the 2nd quarter worth $279,000. Finally, Flagship Harbor Advisors LLC increased its holdings in shares of Linde by 39.4% during the 2nd quarter. Flagship Harbor Advisors LLC now owns 276 shares of the basic materials company’s stock worth $55,000 after buying an additional 78 shares during the last quarter. 73.07% of the stock is currently owned by institutional investors.

NYSE LIN traded down $2.99 during trading hours on Friday, hitting $187.43. The company had a trading volume of 1,415,140 shares, compared to its average volume of 1,184,515. Linde PLC has a fifty-two week low of $145.95 and a fifty-two week high of $206.82. The stock has a market cap of $107.07 billion, a P/E ratio of 30.75, a price-to-earnings-growth ratio of 2.12 and a beta of 0.77. The company has a debt-to-equity ratio of 0.22, a current ratio of 1.35 and a quick ratio of 1.20. The business’s 50 day moving average is $201.85.

Linde (NYSE:LIN) last announced its quarterly earnings results on Friday, May 10th. The basic materials company reported $1.69 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.54 by $0.15. Linde had a return on equity of 14.95% and a net margin of 23.52%. The firm had revenue of $6.94 billion during the quarter, compared to the consensus estimate of $7.03 billion. As a group, equities analysts predict that Linde PLC will post 6.95 EPS for the current fiscal year.

A number of analysts have recently commented on the company. DZ Bank restated a “buy” rating on shares of Linde in a report on Monday, July 22nd. SunTrust Banks upped their price objective on Linde to $196.00 and gave the stock a “buy” rating in a report on Thursday, April 4th. They noted that the move was a valuation call. UBS Group restated a “buy” rating on shares of Linde in a report on Friday, July 12th. Jefferies Financial Group restated a “buy” rating on shares of Linde in a report on Friday, June 21st. Finally, BMO Capital Markets upgraded Linde from a “market perform” rating to an “outperform” rating and set a $210.00 price target for the company in a report on Monday, May 13th. One analyst has rated the stock with a sell rating, six have assigned a hold rating and twelve have issued a buy rating to the company. Linde has a consensus rating of “Buy” and an average price target of $201.01.

In related news, VP Christian Bruch purchased 1,474 shares of the stock in a transaction that occurred on Wednesday, May 15th. The stock was purchased at an average cost of $179.21 per share, for a total transaction of $264,155.54. The transaction was disclosed in a filing with the SEC, which is available at this link. Also, VP Eduardo F. Menezes sold 19,056 shares of the stock in a transaction on Friday, May 17th. The shares were 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 currently owned by corporate insiders.

About Linde

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.

Recommended Story: Buy Rating

Institutional Ownership by Quarter for Linde (NYSE:LIN)

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