Newport Trust Co Acquires Shares of 129,690 Linde PLC (LIN)

Newport Trust Co bought a new stake in Linde PLC (NYSE:LIN) during the 4th quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm bought 129,690 shares of the basic materials company’s stock, valued at approximately $20,237,000.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. State of Alaska Department of Revenue acquired a new stake in shares of Linde in the fourth quarter valued at about $12,542,000. Woodstock Corp acquired a new stake in shares of Linde in the fourth quarter valued at about $373,000. Cerebellum GP LLC acquired a new stake in shares of Linde in the fourth quarter valued at about $260,000. YHB Investment Advisors Inc. acquired a new stake in shares of Linde in the fourth quarter valued at about $2,361,000. Finally, Riggs Asset Managment Co. Inc. acquired a new stake in shares of Linde in the fourth quarter valued at about $47,000. Institutional investors and hedge funds own 39.02% of the company’s stock.

Several brokerages have recently issued reports on LIN. SunTrust Banks began coverage on shares of Linde in a research report on Tuesday, January 15th. They issued a “buy” rating and a $185.00 target price on the stock. KeyCorp began coverage on shares of Linde in a research report on Monday, January 14th. They issued an “overweight” rating and a $188.00 target price on the stock. Societe Generale began coverage on shares of Linde in a research report on Tuesday, January 8th. They issued a “buy” rating and a $190.00 target price on the stock. Zacks Investment Research lowered shares of Linde from a “hold” rating to a “sell” rating in a research report on Tuesday, January 8th. Finally, Citigroup began coverage on shares of Linde in a research report on Monday, January 7th. They issued a “buy” rating on the stock. Two analysts have rated the stock with a sell rating, four have assigned a hold rating and ten have given a buy rating to the company’s stock. The stock has a consensus rating of “Buy” and an average target price of $185.20.

In related news, insider Eduardo F. Menezes sold 6,335 shares of the business’s stock in a transaction dated Thursday, November 29th. The shares were sold at an average price of $156.00, for a total transaction of $988,260.00. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, CFO Matthew J. White sold 7,749 shares of the business’s stock in a transaction dated Friday, February 1st. The stock was sold at an average price of $164.99, for a total transaction of $1,278,507.51. The disclosure for this sale can be found here. Insiders have sold 15,884 shares of company stock worth $2,551,222 over the last 90 days. 0.23% of the stock is currently owned by company insiders.

LIN opened at $161.22 on Friday. The stock has a market cap of $88.55 billion, a P/E ratio of 27.56, a price-to-earnings-growth ratio of 1.79 and a beta of 0.77. Linde PLC has a twelve month low of $145.95 and a twelve month high of $166.85. The company has a current ratio of 0.86, a quick ratio of 0.70 and a debt-to-equity ratio of 0.98.

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Linde Profile

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.

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Institutional Ownership by Quarter for Linde (NYSE:LIN)

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