Rokos Capital Management LLP purchased a new position in Linde PLC (NASDAQ:LIN – Free Report) in the 1st quarter, according to the company in its most recent disclosure with the SEC. The fund purchased 40,643 shares of the basic materials company’s stock, valued at approximately $20,144,000.
A number of other hedge funds also recently bought and sold shares of the company. Darwin Wealth Management LLC bought a new stake in Linde during the 2nd quarter valued at about $25,000. Legacy Wealth Managment LLC ID lifted its position in Linde by 96.6% in the 1st quarter. Legacy Wealth Managment LLC ID now owns 57 shares of the basic materials company’s stock valued at $28,000 after acquiring an additional 28 shares in the last quarter. Manning & Napier Advisors LLC lifted its position in Linde by 1,450.0% in the 1st quarter. Manning & Napier Advisors LLC now owns 62 shares of the basic materials company’s stock valued at $31,000 after acquiring an additional 58 shares in the last quarter. Triumph Capital Management boosted its stake in Linde by 69.2% during the 4th quarter. Triumph Capital Management now owns 66 shares of the basic materials company’s stock valued at $28,000 after purchasing an additional 27 shares during the last quarter. Finally, Strengthening Families & Communities LLC increased its holdings in shares of Linde by 134.5% in the 4th quarter. Strengthening Families & Communities LLC now owns 68 shares of the basic materials company’s stock worth $29,000 after purchasing an additional 39 shares in the last quarter. Institutional investors own 82.80% of the company’s stock.
Linde Trading Down 1.0%
Linde stock opened at $507.02 on Tuesday. The business has a 50-day simple moving average of $515.98 and a two-hundred day simple moving average of $494.86. The company has a market cap of $234.42 billion, a P/E ratio of 33.67, a P/E/G ratio of 3.23 and a beta of 0.72. Linde PLC has a 52-week low of $387.78 and a 52-week high of $548.20. The company has a quick ratio of 0.69, a current ratio of 0.83 and a debt-to-equity ratio of 0.50.
Analyst Upgrades and Downgrades
A number of equities analysts have weighed in on the company. JPMorgan Chase & Co. boosted their target price on Linde from $525.00 to $530.00 and gave the stock an “overweight” rating in a research report on Monday, May 4th. Citigroup initiated coverage on shares of Linde in a report on Wednesday, June 24th. They set an “overweight” rating on the stock. Deutsche Bank Aktiengesellschaft reissued a “buy” rating and set a $575.00 price objective on shares of Linde in a report on Monday, May 4th. Sanford C. Bernstein set a $559.00 price objective on shares of Linde in a research report on Friday, July 17th. Finally, Royal Bank Of Canada restated an “outperform” rating on shares of Linde in a report on Friday, July 17th. One investment analyst has rated the stock with a Strong Buy rating, eleven have assigned a Buy rating and one has given a Hold rating to the stock. Based on data from MarketBeat, the company has a consensus rating of “Buy” and a consensus target price of $548.67.
View Our Latest Analysis on LIN
Linde Company Profile
Linde (NASDAQ: LIN) is a multinational industrial gases and engineering company that supplies gases, related technologies and services to a wide range of industries. The company traces its current form to the 2018 combination of Germany’s Linde AG and U.S.-based Praxair, creating one of the largest global providers of industrial, specialty and medical gases. Linde’s business model centers on production, processing and distribution of gases as well as the design and construction of the plants and equipment needed to produce them.
Core products and services include atmospheric and process gases such as oxygen, nitrogen and argon; hydrogen and helium; carbon dioxide; and a portfolio of higher‑value specialty and electronic gases.
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