Benin Management CORP Reduces Stake in Linde PLC (NYSE:LIN)

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Benin Management CORP lowered its stake in Linde PLC (NYSE:LIN) by 2.8% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 1,925 shares of the basic materials company’s stock after selling 55 shares during the period. Benin Management CORP’s holdings in Linde were worth $410,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in the stock. First Trust Advisors LP increased its stake in Linde by 450.4% during 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 during the period. Point72 Hong Kong Ltd boosted its position in shares of Linde by 28.4% during the 2nd quarter. Point72 Hong Kong Ltd now owns 380 shares of the basic materials company’s stock valued at $76,000 after purchasing an additional 84 shares in the last quarter. Stonebridge Capital Advisors LLC bought a new position in shares of Linde during the 2nd quarter valued at about $49,000. Summit Global Investments boosted its position in shares of Linde by 10.5% during the 2nd quarter. Summit Global Investments now owns 3,955 shares of the basic materials company’s stock valued at $794,000 after purchasing an additional 375 shares in the last quarter. Finally, Amundi Pioneer Asset Management Inc. boosted its position in shares of Linde by 41.2% during the 2nd quarter. Amundi Pioneer Asset Management Inc. now owns 6,929,763 shares of the basic materials company’s stock valued at $1,391,497,000 after purchasing an additional 2,022,326 shares in the last quarter. Institutional investors own 73.30% of the company’s stock.

Shares of LIN opened at $209.62 on Friday. Linde PLC has a one year low of $156.43 and a one year high of $214.45. The company has a 50-day moving average of $209.63 and a two-hundred day moving average of $199.17. The company has a current ratio of 0.90, a quick ratio of 0.75 and a debt-to-equity ratio of 0.21.

Linde (NYSE:LIN) last announced its earnings results on Tuesday, November 12th. The basic materials company reported $1.94 EPS for the quarter, topping the consensus estimate of $1.78 by $0.16. Linde had a net margin of 17.59% and a return on equity of 10.68%. The company had revenue of $7 billion during the quarter, compared to analysts’ expectations of $7.14 billion. Equities analysts forecast that Linde PLC will post 7.3 EPS for the current year.

Several research firms have recently weighed in on LIN. Pareto Securities upgraded shares of Linde to a “hold” rating in a research report on Tuesday, December 10th. Barclays raised their target price on shares of Linde from $210.00 to $230.00 and gave the stock an “equal weight” rating in a report on Wednesday, November 13th. BMO Capital Markets raised their target price on shares of Linde from $218.00 to $230.00 and gave the stock an “outperform” rating in a report on Monday, December 2nd. Atlantic Securities started coverage on shares of Linde in a report on Wednesday, November 27th. They issued an “overweight” rating and a $250.00 target price for the company. Finally, ValuEngine upgraded shares of Linde from a “sell” rating to a “hold” rating in a report on Friday, January 3rd. Two research analysts have rated the stock with a sell rating, four have assigned a hold rating and twelve have issued a buy rating to the company’s stock. The company presently has an average rating of “Buy” and a consensus target price of $215.24.

In related news, EVP Anne K. Roby sold 2,402 shares of the firm’s stock in a transaction that occurred on Friday, December 20th. The shares were sold at an average price of $212.17, for a total transaction of $509,632.34. Following the completion of the sale, the executive vice president now directly owns 36,433 shares in the company, valued at $7,729,989.61. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, EVP Anne K. Roby sold 1,583 shares of the firm’s stock in a transaction that occurred on Monday, November 18th. The stock was sold at an average price of $209.71, for a total transaction of $331,970.93. Following the sale, the executive vice president now owns 27,218 shares of the company’s stock, valued at $5,707,886.78. The disclosure for this sale can be found here. Company 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.

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Institutional Ownership by Quarter for Linde (NYSE:LIN)

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