Capital Asset Advisory Services LLC acquired a new position in shares of Linde PLC (NYSE:LIN) during the 2nd quarter, according to its most recent 13F filing with the SEC. The firm acquired 1,000 shares of the basic materials company’s stock, valued at approximately $201,000.
Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Comerica Securities Inc. bought a new stake in Linde in the fourth quarter worth $309,000. First Trust Advisors LP bought a new stake in Linde in the fourth quarter worth $416,000. Great West Life Assurance Co. Can bought a new stake in Linde in the fourth quarter worth $860,000. Dimensional Fund Advisors LP bought a new stake in Linde in the fourth quarter worth $126,732,000. Finally, Geode Capital Management LLC bought a new stake in Linde in the fourth quarter worth $997,692,000. Institutional investors own 72.65% of the company’s stock.
Several research analysts have recently weighed in on the company. Jefferies Financial Group restated a “buy” rating on shares of Linde in a research note on Friday, June 21st. ValuEngine cut Linde from a “hold” rating to a “sell” rating in a research note on Tuesday, August 6th. DZ Bank restated a “buy” rating on shares of Linde in a research note on Monday, July 22nd. Zacks Investment Research upgraded Linde from a “hold” rating to a “buy” rating and set a $211.00 price objective for the company in a research report on Thursday, August 8th. Finally, Sanford C. Bernstein reaffirmed a “sell” rating on shares of Linde in a research note on Thursday, July 18th. Three research analysts have rated the stock with a sell rating, four have assigned a hold rating and thirteen have issued a buy rating to the company’s stock. Linde currently has a consensus rating of “Buy” and an average price target of $201.83.
LIN traded up $0.32 on Monday, reaching $189.11. 1,216,745 shares of the stock were exchanged, compared to its average volume of 1,755,207. The company’s 50-day moving average price is $197.48 and its 200 day moving average price is $184.64. Linde PLC has a fifty-two week low of $145.95 and a fifty-two week high of $206.82. The company has a debt-to-equity ratio of 0.23, a current ratio of 1.02 and a quick ratio of 0.85. The firm has a market capitalization of $101.70 billion, a PE ratio of 29.21, a PEG ratio of 2.08 and a beta of 0.76.
Linde plc operates as an industrial gas company in primarily North and South America, Europe, the Middle East, Africa, the Asia Pacific, and South Korea. The company offers oxygen, nitrogen, argon, rare gases, carbon monoxide, carbon dioxide, helium, hydrogen, electronic gases, specialty gases, and acetylene.
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