Linde PLC (LIN) Position Boosted by Brinker Capital Inc.
Brinker Capital Inc. lifted its stake in Linde PLC (NYSE:LIN) by 9.2% in the first quarter, HoldingsChannel.com reports. The firm owned 37,233 shares of the basic materials company’s stock after purchasing an additional 3,134 shares during the period. Brinker Capital Inc.’s holdings in Linde were worth $6,550,000 at the end of the most recent quarter.
Several other large investors also recently added to or reduced their stakes in the stock. Private Trust Co. NA acquired a new stake in Linde during the 4th quarter worth about $542,000. Neville Rodie & Shaw Inc. acquired a new stake in Linde during the 4th quarter worth about $2,910,000. Tower View Investment Management & Research LLC acquired a new stake in Linde during the 4th quarter worth about $37,000. Confluence Investment Management LLC acquired a new stake in Linde during the 4th quarter worth about $115,455,000. Finally, Bath Savings Trust Co acquired a new stake in Linde during the 4th quarter worth about $322,000. Institutional investors and hedge funds own 73.06% of the company’s stock.
Shares of LIN stock traded up $0.40 during trading on Tuesday, reaching $179.30. The company had a trading volume of 14,428 shares, compared to its average volume of 1,686,774. The company has a debt-to-equity ratio of 0.22, a quick ratio of 1.21 and a current ratio of 1.33. Linde PLC has a one year low of $145.95 and a one year high of $185.92. The company has a market capitalization of $97.48 billion, a price-to-earnings ratio of 30.65, a PEG ratio of 1.91 and a beta of 0.78.
Several equities research analysts have recently issued reports on the company. ValuEngine lowered Linde from a “buy” rating to a “hold” rating in a report on Monday, April 1st. SunTrust Banks lifted their price target on Linde to $196.00 and gave the company a “buy” rating in a report on Thursday, April 4th. They noted that the move was a valuation call. KeyCorp lifted their price target on Linde from $188.00 to $205.00 and gave the company an “overweight” rating in a report on Wednesday, April 3rd. Zacks Investment Research lowered Linde from a “hold” rating to a “sell” rating in a report on Tuesday, January 8th. Finally, Argus assumed coverage on Linde in a report on Friday, March 22nd. They set a “hold” rating and a $175.10 price target for the company. Two analysts have rated the stock with a sell rating, six have given a hold rating and ten have given a buy rating to the stock. The company presently has an average rating of “Hold” and an average price target of $188.18.
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Linde plc operates as an industrial gas company in North and South America, Europe, the Middle East, Africa, and the Asia Pacific. The company offers oxygen, nitrogen, argon, rare gases, carbon monoxide, carbon dioxide, helium, hydrogen, electronic gases, specialty gases, and acetylene. It also designs and constructs turnkey process plants, such as olefin, natural gas, air separation, and hydrogen and synthesis gas plants.
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