Zevin Asset Management LLC purchased a new position in shares of Linde PLC (NYSE:LIN) during the 4th quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor purchased 42,650 shares of the basic materials company’s stock, valued at approximately $6,655,000. Linde comprises 2.4% of Zevin Asset Management LLC’s investment portfolio, making the stock its 13th biggest position.
Several other institutional investors and hedge funds have also made changes to their positions in the company. ST Germain D J Co. Inc. bought a new stake in shares of Linde during the 4th quarter worth $319,000. Marietta Wealth Management LLC bought a new stake in shares of Linde during the 4th quarter worth $1,805,000. Levin Capital Strategies L.P. bought a new stake in shares of Linde during the 4th quarter worth $207,000. Fulton Breakefield Broenniman LLC bought a new stake in shares of Linde during the 4th quarter worth $6,516,000. Finally, Cambridge Investment Research Advisors Inc. bought a new stake in shares of Linde during the 4th quarter worth $2,507,000. Institutional investors own 40.77% of the company’s stock.
Several analysts recently issued reports on the stock. Deutsche Bank assumed coverage on shares of Linde in a report on Thursday, November 15th. They set a “buy” rating for the company. Sanford C. Bernstein began coverage on shares of Linde in a report on Monday, November 5th. They issued an “underperform” rating for the company. Edward Jones began coverage on shares of Linde in a report on Wednesday, October 31st. They issued a “buy” rating for the company. Zacks Investment Research downgraded shares of Linde from a “hold” rating to a “strong sell” rating in a report on Wednesday, January 2nd. Finally, Jefferies Financial Group reissued a “buy” rating on shares of Linde in a report on Monday, November 12th. Two research analysts have rated the stock with a sell rating, four have given a hold rating and ten have assigned a buy rating to the stock. The stock currently has a consensus rating of “Buy” and an average price target of $185.20.
Shares of NYSE:LIN traded down $0.05 during midday trading on Monday, reaching $161.17. 16,826 shares of the company’s stock were exchanged, compared to its average volume of 1,639,087. The company has a market capitalization of $88.84 billion, a price-to-earnings ratio of 27.59, a PEG ratio of 1.79 and a beta of 0.77. Linde PLC has a 12 month low of $145.95 and a 12 month high of $166.85. The company has a debt-to-equity ratio of 0.98, a quick ratio of 0.70 and a current ratio of 0.86.
In related news, CFO Matthew J. White sold 7,749 shares of the stock in a transaction dated Friday, February 1st. The shares were sold at an average price of $164.99, for a total transaction of $1,278,507.51. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, insider Eduardo F. Menezes sold 6,335 shares of the stock in a transaction dated Thursday, November 29th. The stock was sold at an average price of $156.00, for a total transaction of $988,260.00. The disclosure for this sale can be found here. Insiders have sold a total of 15,884 shares of company stock valued at $2,551,222 over the last ninety days. 0.23% of the stock is owned by insiders.
Linde plc operates as an industrial gas and engineering company. The company offers oxygen, nitrogen, argon, rare gases, carbon monoxide, carbon dioxide, helium, hydrogen, electronic gases, specialty gases, acetylene, shielding gases, and noble gases, as well as develops and distributes procedures and systems for gas applications.
Further Reading: The Discount Rate – What You Need to Know
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 (NYSE:LIN).
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.