Shelter Mutual Insurance Co Trims Stake in Linde PLC (NYSE:LIN)

Shelter Mutual Insurance Co reduced its position in Linde PLC (NYSE:LIN) by 8.6% in the 2nd quarter, Holdings Channel reports. The firm owned 33,390 shares of the basic materials company’s stock after selling 3,150 shares during the period. Linde makes up 1.9% of Shelter Mutual Insurance Co’s holdings, making the stock its 22nd biggest holding. Shelter Mutual Insurance Co’s holdings in Linde were worth $6,705,000 at the end of the most recent quarter.

Several other institutional investors have also recently bought and sold shares of the company. Great Valley Advisor Group Inc. lifted its holdings in shares of Linde by 2.3% in the 2nd quarter. Great Valley Advisor Group Inc. now owns 2,285 shares of the basic materials company’s stock valued at $459,000 after purchasing an additional 51 shares during the last quarter. Enterprise Financial Services Corp increased its position in Linde by 26.0% in the 2nd quarter. Enterprise Financial Services Corp now owns 262 shares of the basic materials company’s stock valued at $53,000 after acquiring an additional 54 shares during the period. MAI Capital Management increased its position in Linde by 4.4% in the 1st quarter. MAI Capital Management now owns 1,388 shares of the basic materials company’s stock valued at $244,000 after acquiring an additional 58 shares during the period. Lee Financial Co increased its position in Linde by 0.9% in the 1st quarter. Lee Financial Co now owns 6,872 shares of the basic materials company’s stock valued at $1,209,000 after acquiring an additional 60 shares during the period. Finally, Insight Wealth Strategies LLC increased its position in Linde by 3.5% in the 1st quarter. Insight Wealth Strategies LLC now owns 1,860 shares of the basic materials company’s stock valued at $327,000 after acquiring an additional 63 shares during the period. 72.69% of the stock is owned by institutional investors and hedge funds.

NYSE LIN traded up $1.00 on Thursday, hitting $186.64. 30,411 shares of the company’s stock were exchanged, compared to its average volume of 1,888,760. The company has a current ratio of 1.02, a quick ratio of 0.85 and a debt-to-equity ratio of 0.23. The firm has a 50-day moving average price of $198.71. Linde PLC has a fifty-two week low of $145.95 and a fifty-two week high of $206.82. The stock has a market cap of $104.73 billion, a price-to-earnings ratio of 30.08, a price-to-earnings-growth ratio of 2.14 and a beta of 0.76.

In other Linde news, CEO Stephen F. Angel sold 56,574 shares of the business’s stock in a transaction that occurred on Thursday, June 6th. The stock was sold at an average price of $197.27, for a total transaction of $11,160,352.98. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, VP Eduardo F. Menezes sold 19,056 shares of the business’s stock in a transaction that occurred on Friday, May 17th. The stock was sold at an average price of $188.23, for a total value of $3,586,910.88. The disclosure for this sale can be found here. Insiders own 0.70% of the company’s stock.

Several equities analysts recently issued reports on the company. Deutsche Bank boosted their price target on Linde from $205.00 to $215.00 and gave the company a “buy” rating in a research report on Tuesday, August 6th. DZ Bank restated a “buy” rating on shares of Linde in a research report on Monday, July 22nd. Sanford C. Bernstein restated a “sell” rating on shares of Linde in a research report on Thursday, July 18th. JPMorgan Chase & Co. boosted their price target on Linde from $206.00 to $208.00 and gave the company an “overweight” rating in a research report on Tuesday, August 6th. Finally, Bank of America boosted their price target on Linde from $180.00 to $184.00 and gave the company an “underperform” rating in a research report on Tuesday, August 6th. Three research 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’s stock. Linde currently has an average rating of “Buy” and an average target price of $201.83.

About Linde

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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