Fulton Breakefield Broenniman LLC acquired a new stake in Linde PLC (NYSE:LIN) during the 4th quarter, HoldingsChannel reports. The firm acquired 41,757 shares of the basic materials company’s stock, valued at approximately $6,516,000.

A number of other institutional investors also recently added to or reduced their stakes in LIN. Private Trust Co. NA acquired a new position in Linde in the 4th quarter valued at approximately $542,000. Neville Rodie & Shaw Inc. acquired a new position in Linde in the 4th quarter valued at approximately $2,910,000. Tower View Investment Management & Research LLC acquired a new position in Linde in the 4th quarter valued at approximately $37,000. Confluence Investment Management LLC acquired a new position in Linde in the 4th quarter valued at approximately $115,455,000. Finally, Bath Savings Trust Co acquired a new position in Linde in the 4th quarter valued at approximately $322,000. Hedge funds and other institutional investors own 40.77% of the company’s stock.

Shares of LIN opened at $161.11 on Monday. Linde PLC has a 12 month low of $145.95 and a 12 month high of $166.85. The firm has a market cap of $88.84 billion, a PE ratio of 27.54, a price-to-earnings-growth ratio of 1.79 and a beta of 0.77. The company has a current ratio of 0.86, a quick ratio of 0.70 and a debt-to-equity ratio of 0.98.

LIN has been the topic of several analyst reports. Zacks Investment Research lowered shares of Linde from a “hold” rating to a “sell” rating in a research note on Tuesday, January 8th. Commerzbank restated a “neutral” rating on shares of Linde in a research note on Thursday, November 15th. BMO Capital Markets initiated coverage on shares of Linde in a research note on Tuesday, November 6th. They set a “market perform” rating on the stock. Sanford C. Bernstein initiated coverage on shares of Linde in a research note on Monday, November 5th. They set an “underperform” rating on the stock. Finally, Jefferies Financial Group restated a “buy” rating on shares of Linde in a research note on Monday, November 12th. Two analysts have rated the stock with a sell rating, four have given a hold rating and ten have issued a buy rating to the company’s stock. The company has an average rating of “Buy” and a consensus price target of $185.20.

In related news, insider Eduardo F. Menezes sold 6,335 shares of the company’s stock in a transaction on 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 filing with the Securities & Exchange Commission, which is available through this link. Also, insider Christian Bruch acquired 693 shares of the firm’s stock in a transaction that occurred on Friday, November 23rd. The shares were purchased at an average cost of $156.49 per share, with a total value of $108,447.57. The disclosure for this purchase can be found here. In the last 90 days, insiders have sold 15,884 shares of company stock worth $2,551,222. 0.23% of the stock is currently owned by company insiders.

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About Linde

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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