Linde plc (NYSE:LIN) Holdings Trimmed by McCollum Christoferson Group LLC

McCollum Christoferson Group LLC trimmed its stake in shares of Linde plc (NYSE:LINFree Report) by 2.6% in the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 27,113 shares of the basic materials company’s stock after selling 723 shares during the quarter. Linde comprises 3.1% of McCollum Christoferson Group LLC’s investment portfolio, making the stock its 7th biggest holding. McCollum Christoferson Group LLC’s holdings in Linde were worth $10,096,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds also recently added to or reduced their stakes in the stock. Asset Management One Co. Ltd. lifted its holdings in shares of Linde by 2.2% in the 2nd quarter. Asset Management One Co. Ltd. now owns 212,407 shares of the basic materials company’s stock valued at $80,944,000 after buying an additional 4,499 shares during the period. Stifel Financial Corp increased its position in Linde by 0.9% during the second quarter. Stifel Financial Corp now owns 1,692,463 shares of the basic materials company’s stock worth $644,986,000 after buying an additional 14,969 shares in the last quarter. Point72 Europe London LLP purchased a new position in Linde during the second quarter worth $23,044,000. CWM LLC increased its position in Linde by 13.0% during the second quarter. CWM LLC now owns 7,943 shares of the basic materials company’s stock worth $3,027,000 after buying an additional 913 shares in the last quarter. Finally, Atomi Financial Group Inc. increased its position in Linde by 26.7% during the second quarter. Atomi Financial Group Inc. now owns 760 shares of the basic materials company’s stock worth $290,000 after buying an additional 160 shares in the last quarter. 80.98% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

Several research firms have weighed in on LIN. UBS Group dropped their price target on Linde from $450.00 to $445.00 and set a “buy” rating for the company in a research report on Thursday, October 12th. HSBC lifted their price objective on Linde from $440.00 to $447.00 and gave the company a “buy” rating in a research report on Friday, November 24th. Stifel Nicolaus downgraded Linde from a “buy” rating to a “hold” rating and set a $429.00 price objective for the company. in a research report on Monday, January 22nd. BMO Capital Markets lifted their price objective on Linde from $418.00 to $421.00 and gave the company an “outperform” rating in a research report on Monday, October 30th. Finally, Seaport Res Ptn downgraded Linde from a “buy” rating to a “neutral” rating in a research report on Monday, January 8th. Three equities research analysts have rated the stock with a hold rating and ten have given a buy rating to the company’s stock. According to MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus price target of $428.86.

Check Out Our Latest Stock Report on LIN

Linde Stock Performance

Shares of NYSE:LIN traded up $14.92 during trading on Tuesday, hitting $415.55. 1,748,326 shares of the company traded hands, compared to its average volume of 1,588,382. The stock has a market capitalization of $201.50 billion, a price-to-earnings ratio of 33.08, a PEG ratio of 2.51 and a beta of 0.92. The business’s fifty day moving average is $407.94 and its 200-day moving average is $392.60. Linde plc has a one year low of $318.88 and a one year high of $434.21. The company has a quick ratio of 0.68, a current ratio of 0.83 and a debt-to-equity ratio of 0.33.

Linde (NYSE:LINGet Free Report) last issued its quarterly earnings data on Tuesday, February 6th. The basic materials company reported $3.59 earnings per share (EPS) for the quarter, topping the consensus estimate of $3.49 by $0.10. The business had revenue of $8.30 billion during the quarter, compared to the consensus estimate of $8.04 billion. Linde had a return on equity of 16.59% and a net margin of 18.44%. The business’s revenue was up 5.1% on a year-over-year basis. During the same period in the previous year, the firm posted $3.16 earnings per share. As a group, equities analysts predict that Linde plc will post 14.11 earnings per share for the current fiscal year.

About Linde

(Free Report)

Linde plc operates as an industrial gas company in North and South America, Europe, the Middle East, Africa, and the Asia Pacific. It offers atmospheric gases, including oxygen, nitrogen, argon, and rare gases; and process gases, such as carbon dioxide, helium, hydrogen, electronic gases, specialty gases, and acetylene.

Further Reading

Institutional Ownership by Quarter for Linde (NYSE:LIN)

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