Beck Mack & Oliver LLC Sells 150 Shares of Linde PLC (NYSE:LIN)

Share on StockTwits

Beck Mack & Oliver LLC trimmed its holdings in shares of Linde PLC (NYSE:LIN) by 1.3% in the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 11,520 shares of the basic materials company’s stock after selling 150 shares during the period. Beck Mack & Oliver LLC’s holdings in Linde were worth $2,232,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also bought and sold shares of the company. First Trust Advisors LP lifted its stake in Linde by 450.4% in the 1st quarter. First Trust Advisors LP now owns 14,668 shares of the basic materials company’s stock valued at $2,581,000 after buying an additional 12,003 shares in the last quarter. Rockland Trust Co. lifted its stake in Linde by 0.3% in the 2nd quarter. Rockland Trust Co. now owns 65,002 shares of the basic materials company’s stock valued at $13,052,000 after buying an additional 210 shares in the last quarter. First American Trust FSB lifted its stake in Linde by 6.2% in the 2nd quarter. First American Trust FSB now owns 20,956 shares of the basic materials company’s stock valued at $4,208,000 after buying an additional 1,215 shares in the last quarter. Zions Bancorporation N.A. lifted its stake in Linde by 2.8% in the 2nd quarter. Zions Bancorporation N.A. now owns 4,524 shares of the basic materials company’s stock valued at $908,000 after buying an additional 125 shares in the last quarter. Finally, Douglass Winthrop Advisors LLC lifted its stake in shares of Linde by 29.5% during the 2nd quarter. Douglass Winthrop Advisors LLC now owns 11,797 shares of the basic materials company’s stock worth $2,369,000 after purchasing an additional 2,686 shares during the period. 74.02% of the stock is owned by institutional investors and hedge funds.

A number of research analysts have weighed in on the company. ValuEngine lowered Linde from a “sell” rating to a “strong sell” rating in a research note on Wednesday, October 2nd. Wells Fargo & Co assumed coverage on Linde in a research note on Tuesday, October 15th. They set an “outperform” rating and a $223.00 price target on the stock. Deutsche Bank increased their price target on Linde from $205.00 to $215.00 and gave the stock a “buy” rating in a research note on Tuesday, August 6th. Zacks Investment Research raised Linde from a “hold” rating to a “buy” rating and set a $211.00 price target on the stock in a research note on Thursday, August 8th. Finally, Bank of America increased their price target on Linde from $180.00 to $184.00 and gave the stock an “underperform” rating in a research note on Tuesday, August 6th. Three analysts have rated the stock with a sell rating, four have assigned a hold rating and thirteen have given a buy rating to the company. Linde has a consensus rating of “Buy” and a consensus target price of $203.59.

Shares of Linde stock opened at $202.29 on Tuesday. 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 business’s fifty day moving average is $194.31 and its two-hundred day moving average is $192.51. Linde PLC has a fifty-two week low of $145.95 and a fifty-two week high of $206.82.

In other news, VP Bernd Hugo Eulitz sold 335 shares of the company’s stock in a transaction on Thursday, August 15th. The stock was sold at an average price of $186.43, for a total transaction of $62,454.05. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Corporate insiders own 0.70% of the company’s stock.

Linde Profile

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.

Featured Article: Understanding the different types of bonds

Institutional Ownership by Quarter for Linde (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.