18,096 Shares in Linde PLC (NYSE:LIN) Acquired by Northpointe Capital LLC

Northpointe Capital LLC bought a new position in Linde PLC (NYSE:LIN) in the second quarter, HoldingsChannel.com reports. The fund bought 18,096 shares of the basic materials company’s stock, valued at approximately $3,634,000.

A number of other large investors also recently bought and sold shares of LIN. Patriot Financial Group Insurance Agency LLC bought a new stake in Linde in the 1st quarter worth approximately $29,000. Truvestments Capital LLC bought a new stake in Linde in the 1st quarter worth approximately $30,000. Harvest Group Wealth Management LLC bought a new stake in Linde in the 1st quarter worth approximately $31,000. Israel Discount Bank of New York bought a new stake in Linde in the 1st quarter worth approximately $35,000. Finally, Baystate Wealth Management LLC bought a new stake in Linde in the 1st quarter worth approximately $40,000. 73.08% of the stock is owned by institutional investors and hedge funds.

LIN opened at $188.76 on Wednesday. The company has a debt-to-equity ratio of 0.22, a quick ratio of 1.20 and a current ratio of 1.35. Linde PLC has a fifty-two week low of $145.95 and a fifty-two week high of $206.82. The company’s fifty day moving average price is $200.43.

Linde (NYSE:LIN) last released its earnings results 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 company had revenue of $6.94 billion for the quarter, compared to analysts’ expectations of $7.03 billion. As a group, equities analysts expect that Linde PLC will post 6.97 earnings per share for the current year.

In related news, VP Eduardo F. Menezes sold 19,056 shares of Linde stock in a transaction on Friday, May 17th. The shares were sold at an average price of $188.23, for a total transaction of $3,586,910.88. The transaction was disclosed in a legal filing with the SEC, which is available at the SEC website. Also, CEO Stephen F. Angel sold 56,574 shares of Linde stock in a transaction 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 disclosure for this sale can be found here. 0.70% of the stock is currently owned by insiders.

LIN has been the subject of a number of research analyst reports. Deutsche Bank lifted their target price on shares of Linde from $205.00 to $215.00 and gave the stock a “buy” rating in a research report on Tuesday. Zacks Investment Research raised shares of Linde from a “sell” rating to a “hold” rating in a research report on Wednesday, May 15th. Societe Generale reissued a “buy” rating on shares of Linde in a research report on Monday, April 15th. DZ Bank reissued a “buy” rating on shares of Linde in a research report on Monday, July 22nd. Finally, Barclays boosted their price objective on shares of Linde from $180.00 to $195.00 and gave the company an “equal weight” rating in a research report on Tuesday, May 14th. Three analysts have rated the stock with a sell rating, five have issued a hold rating and twelve have assigned a buy rating to the company’s stock. Linde has a consensus rating of “Hold” and a consensus price target of $200.91.

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.

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Institutional Ownership by Quarter for Linde (NYSE:LIN)

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