Hedeker Wealth LLC Purchases 1,765 Shares of Linde PLC (NYSE:LIN)

Hedeker Wealth LLC increased its position in shares of Linde PLC (NYSE:LIN) by 11.6% in the second quarter, Holdings Channel.com reports. The institutional investor owned 16,978 shares of the basic materials company’s stock after buying an additional 1,765 shares during the period. Linde makes up 2.2% of Hedeker Wealth LLC’s holdings, making the stock its 17th biggest holding. Hedeker Wealth LLC’s holdings in Linde were worth $3,409,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also recently made changes to their positions in LIN. Geode Capital Management LLC bought a new position in Linde during the fourth quarter worth $997,692,000. Amundi Pioneer Asset Management Inc. grew its holdings in Linde by 33,491.9% in the first 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 grew its holdings in Linde by 20,056.1% in the second 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 acquired a new stake in Linde in the fourth quarter worth $126,732,000. Finally, BlackRock Inc. grew its holdings in Linde by 2.1% in the first 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 owned by institutional investors and hedge funds.

Shares of NYSE LIN opened at $188.76 on Wednesday. The firm’s 50-day simple moving average is $200.43. Linde PLC has a 1 year low of $145.95 and a 1 year high of $206.82. The company has a quick ratio of 1.20, a current ratio of 1.35 and a debt-to-equity ratio of 0.22.

Linde (NYSE:LIN) last issued its quarterly earnings data on Friday, May 10th. The basic materials company reported $1.69 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.54 by $0.15. The firm had revenue of $6.94 billion during the quarter, compared to analysts’ expectations of $7.03 billion. Linde had a net margin of 23.52% and a return on equity of 14.95%. As a group, research analysts anticipate that Linde PLC will post 6.97 EPS for the current fiscal year.

In other news, CEO Stephen F. Angel sold 56,574 shares of Linde stock in a transaction dated Thursday, June 6th. The shares were sold at an average price of $197.27, for a total transaction of $11,160,352.98. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. Also, VP Eduardo F. Menezes sold 19,056 shares of Linde stock in a transaction dated Friday, May 17th. The shares were sold at an average price of $188.23, for a total transaction of $3,586,910.88. The disclosure for this sale can be found here. 0.70% of the stock is owned by company insiders.

A number of equities research analysts have commented on LIN shares. ValuEngine cut shares of Linde from a “hold” rating to a “sell” rating in a report on Tuesday. KeyCorp raised 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. Zacks Investment Research upgraded shares of Linde from a “sell” rating to a “hold” rating in a report on Wednesday, May 15th. DZ Bank restated a “buy” rating on shares of Linde in a report on Monday, July 22nd. Finally, BMO Capital Markets upgraded shares of 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. Three analysts have rated the stock with a sell rating, five have assigned a hold rating and twelve have given a buy rating to the stock. Linde presently has a consensus rating of “Hold” and a consensus price target of $200.91.

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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