Guyasuta Investment Advisors Inc. Purchases 418 Shares of Linde PLC (NYSE:LIN)

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Guyasuta Investment Advisors Inc. grew its position in shares of Linde PLC (NYSE:LIN) by 0.4% during the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 105,411 shares of the basic materials company’s stock after purchasing an additional 418 shares during the quarter. Linde makes up about 2.2% of Guyasuta Investment Advisors Inc.’s investment portfolio, making the stock its 16th largest position. Guyasuta Investment Advisors Inc.’s holdings in Linde were worth $21,167,000 at the end of the most recent reporting period.

Several other institutional investors have also recently made changes to their positions in the company. BlackRock Inc. boosted its holdings in Linde by 2.1% during the 1st quarter. BlackRock Inc. now owns 31,573,871 shares of the basic materials company’s stock valued at $5,554,790,000 after acquiring an additional 636,524 shares during the period. FMR LLC boosted its holdings in Linde by 4.6% during the 1st quarter. FMR LLC now owns 8,219,013 shares of the basic materials company’s stock valued at $1,440,632,000 after acquiring an additional 364,348 shares during the period. Northern Trust Corp boosted its holdings in Linde by 0.8% during the 1st quarter. Northern Trust Corp now owns 6,335,841 shares of the basic materials company’s stock valued at $1,114,665,000 after acquiring an additional 47,575 shares during the period. Amundi Pioneer Asset Management Inc. boosted its holdings in Linde by 33,491.9% during the 1st quarter. Amundi Pioneer Asset Management Inc. now owns 4,907,437 shares of the basic materials company’s stock valued at $863,366,000 after acquiring an additional 4,892,828 shares during the period. Finally, Clearbridge Investments LLC boosted its holdings in Linde by 8.4% during the 1st quarter. Clearbridge Investments LLC now owns 4,827,751 shares of the basic materials company’s stock valued at $849,346,000 after acquiring an additional 373,994 shares during the period. Hedge funds and other institutional investors own 72.65% of the company’s stock.

In other Linde news, CEO Stephen F. Angel sold 56,574 shares of the stock in a transaction that occurred on Thursday, June 6th. The stock was sold at an average price of $197.27, for a total value of $11,160,352.98. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, VP Bernd Hugo Eulitz sold 335 shares of the stock in a transaction that occurred on Thursday, August 15th. The stock was sold at an average price of $186.43, for a total value of $62,454.05. The disclosure for this sale can be found here. Company insiders own 0.70% of the company’s stock.

NYSE LIN traded down $1.66 on Thursday, hitting $187.08. The company’s stock had a trading volume of 24,960 shares, compared to its average volume of 2,047,341. Linde PLC has a 52-week low of $145.95 and a 52-week high of $206.82. 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 company’s 50-day simple moving average is $196.93 and its 200 day simple moving average is $184.88. The firm has a market cap of $103.05 billion, a P/E ratio of 29.59, a PEG ratio of 2.10 and a beta of 0.76.

LIN has been the subject of several analyst reports. Bank of America increased their target price on Linde from $180.00 to $184.00 and gave the company an “underperform” rating in a report on Tuesday, August 6th. UBS Group restated a “buy” rating on shares of Linde in a report on Friday, July 12th. Jefferies Financial Group restated a “buy” rating on shares of Linde in a report on Friday, June 21st. BMO Capital Markets upgraded Linde from a “market perform” rating to an “outperform” rating and set a $210.00 target price for the company in a report on Monday, May 13th. Finally, Barclays increased their target price on Linde from $180.00 to $195.00 and gave the company an “equal weight” rating in a report on Tuesday, May 14th. Three research analysts have rated the stock with a sell rating, four have given a hold rating and thirteen have assigned a buy rating to the stock. The stock currently has a consensus rating of “Buy” and a consensus target price of $201.83.

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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