Public Sector Pension Investment Board increased its stake in shares of Linde PLC (NASDAQ:LIN – Free Report) by 23.5% in the 3rd quarter, Holdings Channel.com reports. The institutional investor owned 506,855 shares of the basic materials company’s stock after acquiring an additional 96,439 shares during the period. Linde accounts for 0.9% of Public Sector Pension Investment Board’s holdings, making the stock its 16th largest position. Public Sector Pension Investment Board’s holdings in Linde were worth $240,756,000 as of its most recent filing with the Securities and Exchange Commission (SEC).
Several other institutional investors have also bought and sold shares of the stock. Darwin Wealth Management LLC bought a new position in shares of Linde during the second quarter valued at $25,000. Marquette Asset Management LLC acquired a new stake in shares of Linde during the 3rd quarter worth about $27,000. YANKCOM Partnership increased its position in shares of Linde by 195.2% during the 3rd quarter. YANKCOM Partnership now owns 62 shares of the basic materials company’s stock worth $29,000 after purchasing an additional 41 shares in the last quarter. Guerra Advisors Inc bought a new position in Linde during the 3rd quarter valued at about $30,000. Finally, Albion Financial Group UT boosted its position in Linde by 87.8% in the third quarter. Albion Financial Group UT now owns 77 shares of the basic materials company’s stock valued at $37,000 after buying an additional 36 shares in the last quarter. Institutional investors and hedge funds own 82.80% of the company’s stock.
Linde Stock Performance
LIN stock opened at $472.86 on Friday. The company has a 50 day moving average price of $435.65 and a 200 day moving average price of $447.63. Linde PLC has a fifty-two week low of $387.78 and a fifty-two week high of $486.38. The company has a debt-to-equity ratio of 0.52, a current ratio of 0.88 and a quick ratio of 0.74. The stock has a market capitalization of $220.80 billion, a PE ratio of 32.41, a price-to-earnings-growth ratio of 3.07 and a beta of 0.84.
Analyst Upgrades and Downgrades
LIN has been the subject of several recent analyst reports. DZ Bank lowered shares of Linde from a “buy” rating to a “hold” rating and set a $460.00 price objective for the company. in a report on Tuesday. BMO Capital Markets reaffirmed an “outperform” rating on shares of Linde in a report on Tuesday. Citigroup lifted their price objective on Linde from $540.00 to $545.00 and gave the company a “buy” rating in a research report on Friday, February 6th. CICC Research started coverage on Linde in a report on Wednesday, December 3rd. They set an “outperform” rating and a $510.00 target price on the stock. Finally, JPMorgan Chase & Co. restated a “neutral” rating and issued a $455.00 target price on shares of Linde in a research note on Friday, February 6th. One equities research analyst has rated the stock with a Strong Buy rating, seven have given a Buy rating and three have given a Hold rating to the company’s stock. According to data from MarketBeat, Linde currently has an average rating of “Moderate Buy” and an average price target of $508.20.
Get Our Latest Stock Report on Linde
Linde 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.
Featured Articles
- Five stocks we like better than Linde
- Nvidia CEO Issues Bold Tesla Call
- Your Bank Account Is No Longer Safe
- Buy this Gold Stock Before May 2026
- What a Former CIA Agent Knows About the Coming Collapse
- New gold price target
Want to see what other hedge funds are holding LIN? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Linde PLC (NASDAQ:LIN – Free Report).
Receive News & Ratings for Linde Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Linde and related companies with MarketBeat.com's FREE daily email newsletter.
