Keybank National Association OH Sells 1,283 Shares of Linde PLC $LIN

Keybank National Association OH cut its stake in Linde PLC (NASDAQ:LIN) by 2.9% in the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 42,833 shares of the basic materials company’s stock after selling 1,283 shares during the period. Keybank National Association OH’s holdings in Linde were worth $20,346,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors and hedge funds also recently made changes to their positions in LIN. Markel Group Inc. raised its holdings in shares of Linde by 3.1% in the second quarter. Markel Group Inc. now owns 186,600 shares of the basic materials company’s stock valued at $87,549,000 after purchasing an additional 5,600 shares during the last quarter. Cerity Partners LLC grew its position in Linde by 12.3% in the 3rd quarter. Cerity Partners LLC now owns 205,318 shares of the basic materials company’s stock worth $97,526,000 after purchasing an additional 22,489 shares in the last quarter. OMERS ADMINISTRATION Corp grew its position in Linde by 27.2% in the 2nd quarter. OMERS ADMINISTRATION Corp now owns 417,001 shares of the basic materials company’s stock worth $195,649,000 after purchasing an additional 89,129 shares in the last quarter. Generali Asset Management SPA SGR increased its stake in Linde by 14.0% in the 3rd quarter. Generali Asset Management SPA SGR now owns 44,981 shares of the basic materials company’s stock valued at $21,366,000 after buying an additional 5,526 shares during the last quarter. Finally, S.E.E.D. Planning Group LLC lifted its position in shares of Linde by 76.1% during the 3rd quarter. S.E.E.D. Planning Group LLC now owns 25,107 shares of the basic materials company’s stock worth $11,926,000 after buying an additional 10,848 shares in the last quarter. Institutional investors own 82.80% of the company’s stock.

Wall Street Analyst Weigh In

A number of equities analysts have recently weighed in on the company. BMO Capital Markets set a $501.00 target price on Linde in a research note on Wednesday, December 17th. UBS Group reissued a “buy” rating on shares of Linde in a research report on Friday, December 12th. Sanford C. Bernstein restated an “outperform” rating and issued a $516.00 price objective on shares of Linde in a research note on Monday, November 3rd. Royal Bank Of Canada lowered their target price on Linde from $540.00 to $490.00 and set an “outperform” rating on the stock in a research note on Friday, December 12th. Finally, JPMorgan Chase & Co. cut their price target on shares of Linde from $475.00 to $455.00 and set an “overweight” rating on the stock in a report on Monday, November 3rd. One equities research analyst has rated the stock with a Strong Buy rating, six have given a Buy rating and one has issued a Hold rating to the stock. Based on data from MarketBeat.com, Linde presently has an average rating of “Buy” and an average price target of $501.75.

Linde Stock Performance

NASDAQ:LIN opened at $456.97 on Friday. The company has a market capitalization of $213.38 billion, a P/E ratio of 30.61, a P/E/G ratio of 3.19 and a beta of 0.85. The business has a fifty day simple moving average of $425.82 and a two-hundred day simple moving average of $447.82. The company has a debt-to-equity ratio of 0.46, a current ratio of 0.82 and a quick ratio of 0.69. Linde PLC has a 1 year low of $387.78 and a 1 year high of $486.38.

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

Linde Company Profile

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.