DE Burlo Group Inc. increased its position in Linde PLC (NYSE:LIN) by 3,541.7% in the 4th quarter, according to its most recent filing with the SEC. The fund owned 43,700 shares of the basic materials company’s stock after purchasing an additional 42,500 shares during the period. Linde accounts for about 1.9% of DE Burlo Group Inc.’s holdings, making the stock its 24th biggest holding. DE Burlo Group Inc.’s holdings in Linde were worth $9,304,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also recently made changes to their positions in the company. Simon Quick Advisors LLC increased its position in Linde by 538.9% during the fourth quarter. Simon Quick Advisors LLC now owns 115 shares of the basic materials company’s stock worth $25,000 after buying an additional 97 shares during the period. Prime Capital Investment Advisors LLC acquired a new stake in shares of Linde in the third quarter valued at approximately $31,000. Squar Milner Financial Services LLC grew its position in shares of Linde by 131.3% during the fourth quarter. Squar Milner Financial Services LLC now owns 148 shares of the basic materials company’s stock worth $31,000 after acquiring an additional 84 shares during the last quarter. Evoke Wealth LLC purchased a new position in shares of Linde during the third quarter worth approximately $39,000. Finally, IndexIQ Advisors LLC purchased a new position in shares of Linde during the fourth quarter worth approximately $40,000. 73.61% of the stock is owned by hedge funds and other institutional investors.

Several analysts recently commented on the stock. Pareto Securities upgraded shares of Linde to a “hold” rating in a research report on Tuesday, December 10th. Atlantic Securities assumed coverage on shares of Linde in a research report on Wednesday, November 27th. They set an “overweight” rating and a $250.00 price objective on the stock. Goldman Sachs Group assumed coverage on shares of Linde in a research report on Monday, February 3rd. They set a “neutral” rating and a $217.00 price objective on the stock. Wells Fargo & Co lifted their price objective on shares of Linde from $228.00 to $248.00 and gave the company an “overweight” rating in a research note on Friday. Finally, Barclays upped their target price on shares of Linde from $210.00 to $230.00 and gave the company an “equal weight” rating in a report on Wednesday, November 13th. Two investment analysts have rated the stock with a sell rating, five have issued a hold rating and fourteen have given a buy rating to the company’s stock. The stock has a consensus rating of “Buy” and a consensus target price of $221.67.

In other Linde news, EVP Anne K. Roby sold 2,402 shares of Linde stock in a transaction that occurred on Friday, December 20th. The stock was sold at an average price of $212.17, for a total value of $509,632.34. Following the sale, the executive vice president now owns 36,433 shares of the company’s stock, valued at approximately $7,729,989.61. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, EVP Anne K. Roby sold 1,583 shares of Linde stock in a transaction that occurred on Monday, November 18th. The shares were sold at an average price of $209.71, for a total value of $331,970.93. Following the completion of the sale, the executive vice president now directly owns 27,218 shares in the company, valued at approximately $5,707,886.78. The disclosure for this sale can be found here. Insiders own 0.70% of the company’s stock.

LIN traded up $0.43 during trading on Friday, hitting $221.69. The stock had a trading volume of 6,059 shares, compared to its average volume of 1,732,298. The firm has a market capitalization of $117.40 billion, a P/E ratio of 27.40, a PEG ratio of 2.09 and a beta of 0.76. The company has a debt-to-equity ratio of 0.21, a quick ratio of 0.75 and a current ratio of 0.90. Linde PLC has a twelve month low of $165.93 and a twelve month high of $227.85. The company’s 50-day moving average price is $210.58 and its 200 day moving average price is $199.95.

Linde (NYSE:LIN) last released its earnings results on Thursday, February 13th. The basic materials company reported $1.89 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $1.84 by $0.05. Linde had a net margin of 17.59% and a return on equity of 10.68%. During the same period in the previous year, the firm posted $1.46 earnings per share. As a group, equities analysts expect that Linde PLC will post 7.3 earnings per share for the current fiscal year.

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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