Great Lakes Advisors LLC Has $10.54 Million Stock Holdings in Linde PLC $LIN

Great Lakes Advisors LLC reduced its holdings in Linde PLC (NASDAQ:LIN) by 14.3% in the 3rd quarter, HoldingsChannel reports. The fund owned 22,187 shares of the basic materials company’s stock after selling 3,690 shares during the period. Great Lakes Advisors LLC’s holdings in Linde were worth $10,539,000 at the end of the most recent quarter.

Several other large investors have also recently modified their holdings of the business. Brighton Jones LLC bought a new position in Linde during the 4th quarter worth $2,752,000. Revolve Wealth Partners LLC grew its position in shares of Linde by 14.1% in the 4th quarter. Revolve Wealth Partners LLC now owns 777 shares of the basic materials company’s stock valued at $325,000 after buying an additional 96 shares during the last quarter. Sivia Capital Partners LLC increased its stake in shares of Linde by 19.8% in the second quarter. Sivia Capital Partners LLC now owns 1,569 shares of the basic materials company’s stock valued at $736,000 after buying an additional 259 shares during the period. PFG Investments LLC increased its stake in shares of Linde by 2.2% in the second quarter. PFG Investments LLC now owns 1,537 shares of the basic materials company’s stock valued at $721,000 after buying an additional 33 shares during the period. Finally, Trilogy Capital Inc. raised its position in shares of Linde by 10.4% during the second quarter. Trilogy Capital Inc. now owns 594 shares of the basic materials company’s stock worth $279,000 after acquiring an additional 56 shares during the last quarter. Institutional investors own 82.80% of the company’s stock.

Linde Trading Up 0.8%

NASDAQ:LIN opened at $455.00 on Friday. The company has a current ratio of 0.82, a quick ratio of 0.69 and a debt-to-equity ratio of 0.46. The stock has a market capitalization of $212.46 billion, a price-to-earnings ratio of 30.48, a PEG ratio of 3.17 and a beta of 0.85. The firm has a fifty day simple moving average of $424.93 and a two-hundred day simple moving average of $447.99. Linde PLC has a 12 month low of $387.78 and a 12 month high of $486.38.

Linde (NASDAQ:LIN) last announced its quarterly earnings data on Friday, October 31st. The basic materials company reported $4.21 earnings per share for the quarter, beating the consensus estimate of $4.18 by $0.03. The firm had revenue of $8.62 billion for the quarter, compared to analyst estimates of $8.62 billion. Linde had a net margin of 21.17% and a return on equity of 19.38%. The business’s quarterly revenue was up 2.9% compared to the same quarter last year. During the same quarter in the prior year, the business earned $3.94 earnings per share. Analysts expect that Linde PLC will post 16.54 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

Several analysts recently commented on the company. UBS Group reiterated a “buy” rating on shares of Linde in a report on Friday, December 12th. Citigroup boosted their price target on shares of Linde from $520.00 to $540.00 and gave the stock a “buy” rating in a research report on Wednesday, January 21st. BMO Capital Markets set a $501.00 price objective on shares of Linde in a research report on Wednesday, December 17th. Sanford C. Bernstein reissued an “outperform” rating and set a $516.00 target price on shares of Linde in a research note on Monday, November 3rd. Finally, Weiss Ratings reaffirmed a “hold (c+)” rating on shares of Linde in a research report on Monday, December 29th. One equities research analyst has rated the stock with a Strong Buy rating, six have given a Buy rating and one has assigned a Hold rating to the company. Based on data from MarketBeat, the company presently has a consensus rating of “Buy” and an average target price of $501.75.

About Linde

Linde (NASDAQ: LIN) is a multinational industrial gases and engineering company that supplies gases, related technologies and services to a wide range of industries. The company traces its current form to the 2018 combination of Germany’s Linde AG and U.S.-based Praxair, creating one of the largest global providers of industrial, specialty and medical gases. Linde’s business model centers on production, processing and distribution of gases as well as the design and construction of the plants and equipment needed to produce them.

Core products and services include atmospheric and process gases such as oxygen, nitrogen and argon; hydrogen and helium; carbon dioxide; and a portfolio of higher‑value specialty and electronic gases.