Linde PLC (NYSE:LIN) Shares Purchased by GW&K Investment Management LLC

GW&K Investment Management LLC lifted its position in Linde PLC (NYSE:LIN) by 0.3% in the third quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 179,827 shares of the basic materials company’s stock after purchasing an additional 528 shares during the quarter. GW&K Investment Management LLC’s holdings in Linde were worth $34,836,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also recently made changes to their positions in the company. Price T Rowe Associates Inc. MD lifted its position in Linde by 252.0% during the 2nd quarter. Price T Rowe Associates Inc. MD now owns 10,000,888 shares of the basic materials company’s stock worth $2,008,178,000 after acquiring an additional 7,159,363 shares during the period. Amundi Pioneer Asset Management Inc. lifted its position in Linde by 41.2% during the 2nd quarter. Amundi Pioneer Asset Management Inc. now owns 6,929,763 shares of the basic materials company’s stock worth $1,391,497,000 after acquiring an additional 2,022,326 shares during the period. Nuveen Asset Management LLC lifted its position in Linde by 4,412.8% during the 2nd quarter. Nuveen Asset Management LLC now owns 6,687,706 shares of the basic materials company’s stock worth $1,342,890,000 after acquiring an additional 6,539,513 shares during the period. Northern Trust Corp lifted its position in Linde by 1.1% during the 2nd quarter. Northern Trust Corp now owns 6,407,044 shares of the basic materials company’s stock worth $1,286,535,000 after acquiring an additional 71,203 shares during the period. Finally, Wells Fargo & Company MN lifted its position in Linde by 2.8% during the 2nd quarter. Wells Fargo & Company MN now owns 4,087,573 shares of the basic materials company’s stock worth $820,785,000 after acquiring an additional 110,405 shares during the period. 74.02% of the stock is owned by hedge funds and other institutional investors.

In related news, VP Bernd Hugo Eulitz sold 335 shares of the firm’s 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 transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Company insiders own 0.70% of the company’s stock.

A number of research firms have weighed in on LIN. Wells Fargo & Co began coverage on Linde in a research report on Tuesday, October 15th. They set an “outperform” rating and a $223.00 price objective for the company. Sanford C. Bernstein reaffirmed a “sell” rating on shares of Linde in a research report on Thursday, July 18th. Bank of America increased their target price on Linde from $180.00 to $184.00 and gave the stock an “underperform” rating in a research note on Tuesday, August 6th. ValuEngine downgraded Linde from a “sell” rating to a “strong sell” rating in a research note on Wednesday, October 2nd. Finally, Deutsche Bank increased their target price on Linde from $205.00 to $215.00 and gave the stock a “buy” rating in a research note on Tuesday, August 6th. Three investment analysts have rated the stock with a sell rating, four have assigned a hold rating and thirteen have issued a buy rating to the company’s stock. Linde has an average rating of “Buy” and an average price target of $203.59.

NYSE LIN traded up $0.40 during mid-day trading on Friday, hitting $203.00. The stock had a trading volume of 866,730 shares, compared to its average volume of 1,654,320. Linde PLC has a 52-week low of $145.95 and a 52-week high of $206.82. The company has a 50 day simple moving average of $193.95 and a 200 day simple moving average of $192.28. The company has a debt-to-equity ratio of 0.23, a quick ratio of 0.85 and a current ratio of 1.02.

Linde Company 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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