Marietta Wealth Management LLC acquired a new position in Linde PLC (NYSE:LIN) in the 4th quarter, HoldingsChannel reports. The institutional investor acquired 11,565 shares of the basic materials company’s stock, valued at approximately $1,805,000.

A number of other hedge funds also recently bought and sold shares of LIN. Heritage Trust Co acquired a new stake in Linde in the 4th quarter valued at about $31,000. Sharkey Howes & Javer acquired a new stake in Linde in the 4th quarter valued at about $31,000. Flagship Harbor Advisors LLC acquired a new stake in Linde in the 4th quarter valued at about $31,000. Private Ocean LLC acquired a new stake in Linde in the 4th quarter valued at about $35,000. Finally, Tarbox Family Office Inc. acquired a new stake in Linde in the 4th quarter valued at about $36,000. 40.77% of the stock is owned by institutional investors and hedge funds.

A number of brokerages have weighed in on LIN. BMO Capital Markets began coverage on shares of Linde in a report on Tuesday, November 6th. They issued a “market perform” rating for the company. UBS Group began coverage on shares of Linde in a report on Thursday, December 6th. They issued a “buy” rating for the company. Sanford C. Bernstein started coverage on shares of Linde in a report on Monday, November 5th. They issued an “underperform” rating for the company. Edward Jones started coverage on Linde in a report on Wednesday, October 31st. They set a “buy” rating on the stock. Finally, Deutsche Bank started coverage on Linde in a report on Thursday, November 15th. They set a “buy” rating on the stock. Two research analysts have rated the stock with a sell rating, four have assigned a hold rating and ten have assigned a buy rating to the company’s stock. Linde has an average rating of “Buy” and an average target price of $185.20.

In other news, CFO Matthew J. White sold 7,749 shares of the company’s stock in a transaction dated Friday, February 1st. The stock was sold at an average price of $164.99, for a total value of $1,278,507.51. The sale was disclosed in a filing with the SEC, which is accessible through this link. Also, insider Christian Bruch bought 693 shares of the company’s stock in a transaction dated Friday, November 23rd. The stock was acquired at an average price of $156.49 per share, for a total transaction 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. Corporate insiders own 0.23% of the company’s stock.

NYSE LIN opened at $161.11 on Monday. The company has a debt-to-equity ratio of 0.98, a quick ratio of 0.70 and a current ratio of 0.86. The stock has a market cap of $88.84 billion, a price-to-earnings ratio of 27.54, a P/E/G ratio of 1.79 and a beta of 0.77. Linde PLC has a 1 year low of $145.95 and a 1 year high of $166.85.

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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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