SeaCrest Wealth Management LLC Decreases Stock Position in Linde PLC (NYSE:LIN)

SeaCrest Wealth Management LLC lowered its stake in Linde PLC (NYSE:LIN) by 7.3% during the 2nd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 1,154 shares of the basic materials company’s stock after selling 91 shares during the quarter. SeaCrest Wealth Management LLC’s holdings in Linde were worth $232,000 as of its most recent SEC filing.

Other hedge funds also recently made changes to their positions in the company. BlackRock Inc. raised its position in shares of Linde by 2.1% during the 1st quarter. BlackRock Inc. now owns 31,573,871 shares of the basic materials company’s stock valued at $5,554,790,000 after buying an additional 636,524 shares in the last quarter. FMR LLC raised its position 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 in the last quarter. Geode Capital Management LLC purchased a new stake in shares of Linde during the 4th quarter valued at about $997,692,000. Northern Trust Corp raised its position 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 in the last quarter. Finally, Amundi Pioneer Asset Management Inc. raised its position 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 in the last quarter. Institutional investors and hedge funds own 73.07% of the company’s stock.

LIN stock traded down $2.71 during mid-day trading on Friday, reaching $187.71. The company had a trading volume of 2,556,860 shares, compared to its average volume of 1,345,584. 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 stock has a market cap of $104.23 billion, a P/E ratio of 29.93, a PEG ratio of 2.06 and a beta of 0.76. The business has a 50 day moving average of $201.55. Linde PLC has a 12 month low of $145.95 and a 12 month high of $206.82.

Linde (NYSE:LIN) last issued its earnings results on Friday, May 10th. The basic materials company reported $1.69 EPS for the quarter, topping the Zacks’ consensus estimate of $1.54 by $0.15. The business had revenue of $6.94 billion for the quarter, compared to the consensus estimate of $7.03 billion. Linde had a net margin of 23.52% and a return on equity of 14.95%. Equities analysts anticipate that Linde PLC will post 6.95 EPS for the current fiscal year.

In other news, CEO Stephen F. Angel sold 56,574 shares of the stock in a transaction that occurred on Thursday, June 6th. The shares were sold at an average price of $197.27, for a total transaction of $11,160,352.98. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. Also, VP Christian Bruch acquired 1,474 shares of the company’s stock in a transaction dated Wednesday, May 15th. The shares were acquired at an average price 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 corporate insiders.

A number of research firms recently weighed in on LIN. DZ Bank reissued a “buy” rating on shares of Linde in a research report on Monday, July 22nd. Zacks Investment Research raised shares of Linde from a “sell” rating to a “hold” rating in a research report on Wednesday, May 15th. Barclays increased their price objective on shares of Linde from $180.00 to $195.00 and gave the stock an “equal weight” rating in a research report on Tuesday, May 14th. UBS Group reissued a “buy” rating on shares of Linde in a research report on Friday, July 12th. Finally, KeyCorp increased their price objective on shares of Linde from $205.00 to $220.00 and gave the stock an “overweight” rating in a research report on Tuesday, July 9th. One equities research analyst has rated the stock with a sell rating, six have issued a hold rating and twelve have assigned a buy rating to the company. The stock presently has a consensus rating of “Buy” and an average target price of $201.01.

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.

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Institutional Ownership by Quarter for Linde (NYSE:LIN)

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