Fulton Breakefield Broenniman LLC increased its stake in Linde PLC (NYSE:LIN) by 0.5% during the second quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 40,971 shares of the basic materials company’s stock after purchasing an additional 191 shares during the quarter. Fulton Breakefield Broenniman LLC’s holdings in Linde were worth $8,227,000 at the end of the most recent quarter.
Several other large investors also recently bought and sold shares of LIN. Geode Capital Management LLC bought a new stake in shares of Linde in the 4th quarter worth approximately $997,692,000. Amundi Pioneer Asset Management Inc. raised its holdings 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 purchasing an additional 4,892,828 shares during the period. Thoroughbred Financial Services LLC raised its holdings in shares of Linde by 20,056.1% in the 2nd quarter. Thoroughbred Financial Services LLC now owns 1,451,036 shares of the basic materials company’s stock worth $145,104,000 after purchasing an additional 1,443,837 shares during the period. Dimensional Fund Advisors LP bought a new stake in shares of Linde in the 4th quarter worth approximately $126,732,000. Finally, BlackRock Inc. raised its holdings 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 purchasing an additional 636,524 shares during the period. 73.08% of the stock is currently owned by institutional investors.
A number of research firms recently commented on LIN. KeyCorp lifted their price target on shares of Linde from $205.00 to $220.00 and gave the stock an “overweight” rating in a report on Tuesday, July 9th. Jefferies Financial Group reaffirmed a “buy” rating on shares of Linde in a report on Friday, June 21st. JPMorgan Chase & Co. lifted their price target on shares of Linde from $189.00 to $206.00 and gave the stock an “overweight” rating in a report on Friday, June 7th. Societe Generale reaffirmed a “buy” rating on shares of Linde in a report on Monday, April 15th. Finally, Zacks Investment Research raised shares of Linde from a “sell” rating to a “hold” rating in a report on Wednesday, May 15th. One equities research analyst has rated the stock with a sell rating, six have assigned a hold rating and twelve have assigned a buy rating to the stock. The stock has a consensus rating of “Buy” and an average target price of $201.01.
Linde (NYSE:LIN) last released its quarterly earnings data on Friday, May 10th. The basic materials company reported $1.69 earnings per share for the quarter, beating analysts’ consensus estimates of $1.54 by $0.15. Linde had a net margin of 23.52% and a return on equity of 14.95%. The business had revenue of $6.94 billion during the quarter, compared to analyst estimates of $7.03 billion. Equities research analysts anticipate that Linde PLC will post 6.95 earnings per share for the current fiscal year.
In related news, VP Eduardo F. Menezes sold 19,056 shares of Linde stock in a transaction that occurred 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 transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, VP Christian Bruch acquired 1,474 shares of Linde stock in a transaction that occurred on Wednesday, May 15th. The stock was acquired at an average price of $179.21 per share, with a total value of $264,155.54. The disclosure for this purchase can be found here. 0.70% of the stock is currently owned by insiders.
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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