Lipe & Dalton Purchases New Holdings in Linde PLC (NYSE:LIN)

Lipe & Dalton purchased a new stake in Linde PLC (NYSE:LIN) during the 2nd quarter, according to the company in its most recent 13F filing with the SEC. The fund purchased 375 shares of the basic materials company’s stock, valued at approximately $75,000.

Other hedge funds also recently modified their holdings of the company. MAI Capital Management boosted its holdings in Linde by 4.4% in the 1st quarter. MAI Capital Management now owns 1,388 shares of the basic materials company’s stock valued at $244,000 after purchasing an additional 58 shares in the last quarter. Lee Financial Co boosted its holdings in Linde by 0.9% in the 1st quarter. Lee Financial Co now owns 6,872 shares of the basic materials company’s stock valued at $1,209,000 after purchasing an additional 60 shares in the last quarter. Insight Wealth Strategies LLC boosted its holdings in Linde by 3.5% in the 1st quarter. Insight Wealth Strategies LLC now owns 1,860 shares of the basic materials company’s stock valued at $327,000 after purchasing an additional 63 shares in the last quarter. Telemus Capital LLC boosted its holdings in Linde by 1.4% in the 1st quarter. Telemus Capital LLC now owns 5,370 shares of the basic materials company’s stock valued at $945,000 after purchasing an additional 75 shares in the last quarter. Finally, Avitas Wealth Management LLC boosted its holdings in Linde by 0.5% in the 2nd quarter. Avitas Wealth Management LLC now owns 15,559 shares of the basic materials company’s stock valued at $3,124,000 after purchasing an additional 75 shares in the last quarter. Hedge funds and other institutional investors own 73.07% of the company’s stock.

In related news, VP Eduardo F. Menezes sold 19,056 shares of the company’s stock in a transaction that occurred on Friday, May 17th. The stock was sold at an average price of $188.23, for a total value of $3,586,910.88. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, VP Christian Bruch bought 1,474 shares of Linde stock in a transaction that occurred on Wednesday, May 15th. The stock was bought at an average cost of $179.21 per share, for a total transaction of $264,155.54. The disclosure for this purchase can be found here. 0.70% of the stock is owned by insiders.

Shares of NYSE:LIN opened at $187.71 on Friday. The stock’s 50 day moving average price is $201.55. The stock has a market cap of $104.23 billion, a price-to-earnings ratio of 29.93, a price-to-earnings-growth ratio of 2.06 and a beta of 0.76. The company has a debt-to-equity ratio of 0.22, a current ratio of 1.35 and a quick ratio of 1.20. Linde PLC has a 12 month low of $145.95 and a 12 month high of $206.82.

Linde (NYSE:LIN) last announced its quarterly earnings results on Friday, May 10th. The basic materials company reported $1.69 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $1.54 by $0.15. The business had revenue of $6.94 billion for the quarter, compared to analyst estimates of $7.03 billion. Linde had a return on equity of 14.95% and a net margin of 23.52%. On average, sell-side analysts expect that Linde PLC will post 6.95 EPS for the current year.

LIN has been the topic of a number of analyst reports. KeyCorp lifted their price objective on Linde from $205.00 to $220.00 and gave the company an “overweight” rating in a report on Tuesday, July 9th. JPMorgan Chase & Co. lifted their price objective on Linde from $189.00 to $206.00 and gave the company an “overweight” rating in a report on Friday, June 7th. UBS Group reaffirmed a “buy” rating on shares of Linde in a report on Friday, July 12th. BMO Capital Markets raised Linde from a “market perform” rating to an “outperform” rating and set a $210.00 price objective on the stock in a report on Monday, May 13th. Finally, Jefferies Financial Group reissued a “buy” rating on shares of Linde in a research note on Friday, June 21st. One investment analyst has rated the stock with a sell rating, six have assigned a hold rating and twelve have assigned a buy rating to the company. Linde presently has a consensus rating of “Buy” and a consensus price target of $201.01.

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.

Read More: Systematic Risk

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Institutional Ownership by Quarter for Linde (NYSE:LIN)

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