Moody Lynn & Lieberson LLC Has $2.42 Million Position in Linde PLC (LIN)

Moody Lynn & Lieberson LLC cut its holdings in shares of Linde PLC (NYSE:LIN) by 1.8% in the first quarter, Holdings Channel reports. The institutional investor owned 13,778 shares of the basic materials company’s stock after selling 259 shares during the quarter. Moody Lynn & Lieberson LLC’s holdings in Linde were worth $2,424,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds have also modified their holdings of LIN. BlackRock Inc. acquired a new position in shares of Linde during the fourth quarter worth approximately $4,827,463,000. Norges Bank bought a new position in Linde in the 4th quarter worth about $2,624,717,000. Massachusetts Financial Services Co. MA bought a new position in Linde in the 4th quarter worth about $2,336,558,000. Bank of New York Mellon Corp bought a new position in Linde in the 4th quarter worth about $1,604,835,000. Finally, Oregon Public Employees Retirement Fund bought a new position in Linde in the 4th quarter worth about $60,000. Institutional investors own 73.06% of the company’s stock.

In other Linde news, Director Thomas Enders acquired 6,600 shares of the company’s stock in a transaction dated Friday, March 22nd. The shares were purchased at an average cost of $172.16 per share, for a total transaction of $1,136,256.00. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, insider Anne K. Roby sold 3,159 shares of the stock in a transaction that occurred on Wednesday, March 20th. The shares were sold at an average price of $176.77, for a total transaction of $558,416.43. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 73,675 shares of company stock worth $13,419,200. Insiders own 0.23% of the company’s stock.

Shares of NYSE LIN traded up $0.28 during midday trading on Tuesday, reaching $179.18. 36,022 shares of the company’s stock traded hands, compared to its average volume of 1,686,774. The company has a debt-to-equity ratio of 0.22, a quick ratio of 1.21 and a current ratio of 1.33. Linde PLC has a one year low of $145.95 and a one year high of $185.92. The company has a market cap of $97.48 billion, a PE ratio of 30.65, a P/E/G ratio of 1.91 and a beta of 0.78.

LIN has been the topic of a number of research analyst reports. Societe Generale restated a “buy” rating on shares of Linde in a research note on Monday, April 15th. SunTrust Banks upped their target price on shares of Linde to $196.00 and gave the stock a “buy” rating in a research note on Thursday, April 4th. They noted that the move was a valuation call. Citigroup initiated coverage on shares of Linde in a research note on Monday, January 7th. They issued a “buy” rating on the stock. ValuEngine upgraded shares of Linde from a “hold” rating to a “buy” rating in a research note on Friday, March 15th. Finally, Argus initiated coverage on shares of Linde in a research note on Friday, March 22nd. They issued a “hold” rating and a $175.10 target price on the stock. Two research analysts have rated the stock with a sell rating, six have given a hold rating and ten have assigned a buy rating to the company. The stock presently has a consensus rating of “Hold” and a consensus target price of $188.18.

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About Linde

Linde plc operates as an industrial gas company in North and South America, Europe, the Middle East, Africa, and the Asia Pacific. The company offers oxygen, nitrogen, argon, rare gases, carbon monoxide, carbon dioxide, helium, hydrogen, electronic gases, specialty gases, and acetylene. It also designs and constructs turnkey process plants, such as olefin, natural gas, air separation, and hydrogen and synthesis gas plants.

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Institutional Ownership by Quarter for Linde (NYSE:LIN)

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