Northwest Bancshares Inc. cut its stake in Linde PLC (NYSE:LIN) by 6.7% during the 3rd quarter, HoldingsChannel reports. The fund owned 1,050 shares of the basic materials company’s stock after selling 75 shares during the period. Northwest Bancshares Inc.’s holdings in Linde were worth $203,000 as of its most recent SEC filing.

Other institutional investors and hedge funds also recently bought and sold shares of the company. Krane Funds Advisors LLC acquired a new stake in Linde in the second quarter valued at $25,000. Harvest Fund Management Co. Ltd bought a new stake in Linde during the second quarter valued at $46,000. Ruggie Capital Group bought a new stake in Linde during the second quarter valued at $48,000. Alera Investment Advisors LLC increased its stake in Linde by 50.9% during the first quarter. Alera Investment Advisors LLC now owns 243 shares of the basic materials company’s stock valued at $43,000 after purchasing an additional 82 shares during the last quarter. Finally, Stonebridge Capital Advisors LLC bought a new stake in Linde during the second quarter valued at $49,000. 73.81% of the stock is currently owned by hedge funds and other institutional investors.

Several analysts have weighed in on the stock. ValuEngine lowered shares of Linde from a “sell” rating to a “strong sell” rating in a research note on Wednesday, October 2nd. Bank of America boosted their target price on shares of Linde from $180.00 to $184.00 and gave the company an “underperform” rating in a research note on Tuesday, August 6th. Zacks Investment Research upgraded shares of Linde from a “hold” rating to a “buy” rating and set a $211.00 target price for the company in a research note on Thursday, August 8th. Jefferies Financial Group reiterated a “buy” rating on shares of Linde in a research note on Friday, June 21st. Finally, Deutsche Bank boosted their target price on shares of Linde from $205.00 to $215.00 and gave the company a “buy” rating in a research note on Tuesday, August 6th. Three equities research analysts have rated the stock with a sell rating, four have given a hold rating and thirteen have assigned a buy rating to the company. Linde currently has a consensus rating of “Buy” and an average price target of $201.83.

Shares of Linde stock traded up $3.15 during trading on Wednesday, hitting $187.26. 31,347 shares of the stock were exchanged, compared to its average volume of 1,710,026. The stock’s fifty day moving average is $188.91 and its 200 day moving average is $189.46. The company has a quick ratio of 0.85, a current ratio of 1.02 and a debt-to-equity ratio of 0.23. Linde PLC has a 12 month low of $145.95 and a 12 month high of $206.82.

Linde (NYSE:LIN) last released its quarterly earnings results on Monday, August 5th. The basic materials company reported $1.83 EPS for the quarter, topping the consensus estimate of $1.75 by $0.08. The business had revenue of $7.20 billion during the quarter, compared to analyst estimates of $7.16 billion. Linde had a net margin of 19.45% and a return on equity of 12.10%. As a group, equities analysts expect that Linde PLC will post 7.13 earnings per share for the current year.

The company also recently declared a dividend, which was paid on Tuesday, September 17th. Stockholders of record on Tuesday, September 3rd were given a dividend of $0.875 per share. The ex-dividend date was Friday, August 30th.

In other news, VP Bernd Hugo Eulitz sold 335 shares of the company’s stock in a transaction dated Thursday, August 15th. The shares were sold at an average price of $186.43, for a total transaction of $62,454.05. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. 0.70% of the stock is currently owned by corporate insiders.

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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