Diamond Hill Capital Management Inc. Sells 31,440 Shares of Linde PLC (NYSE:LIN)

Diamond Hill Capital Management Inc. decreased its stake in shares of Linde PLC (NYSE:LIN) by 3.2% in the 2nd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 942,304 shares of the basic materials company’s stock after selling 31,440 shares during the period. Diamond Hill Capital Management Inc. owned approximately 0.17% of Linde worth $189,215,000 at the end of the most recent quarter.

Several other hedge funds also recently modified their holdings of LIN. Comerica Securities Inc. acquired a new position in shares of Linde during the fourth quarter worth approximately $309,000. Dimensional Fund Advisors LP acquired a new position in shares of Linde during the fourth quarter worth approximately $126,732,000. Two Sigma Advisers LP acquired a new position in shares of Linde during the fourth quarter worth approximately $263,000. Millennium Management LLC acquired a new position in shares of Linde during the fourth quarter worth approximately $3,893,000. Finally, Truvestments Capital LLC acquired a new position in shares of Linde during the first quarter worth approximately $30,000. 72.69% of the stock is owned by institutional investors.

In other Linde news, VP Eduardo F. Menezes sold 19,056 shares of the company’s stock in a transaction that occurred on Friday, May 17th. The shares were sold at an average price of $188.23, for a total value of $3,586,910.88. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CEO Stephen F. Angel sold 56,574 shares of the company’s stock in a transaction that occurred on Thursday, June 6th. The shares were sold at an average price of $197.27, for a total transaction of $11,160,352.98. The disclosure for this sale can be found here. Insiders own 0.70% of the company’s stock.

LIN opened at $192.90 on Wednesday. The company has a quick ratio of 0.85, a current ratio of 1.02 and a debt-to-equity ratio of 0.23. The business’s 50 day simple moving average is $199.04. Linde PLC has a fifty-two week low of $145.95 and a fifty-two week high of $206.82.

LIN has been the topic of a number of research reports. BMO Capital Markets upgraded shares of Linde from a “market perform” rating to an “outperform” rating and set a $210.00 target price on the stock in a research report on Monday, May 13th. ValuEngine lowered shares of Linde from a “hold” rating to a “sell” rating in a research report on Tuesday, August 6th. UBS Group reiterated a “buy” rating on shares of Linde in a research report on Friday, July 12th. Deutsche Bank upped their target price on shares of Linde from $205.00 to $215.00 and gave the stock a “buy” rating in a research report on Tuesday, August 6th. Finally, DZ Bank reiterated a “buy” rating on shares of Linde in a research report on Monday, July 22nd. Three equities research analysts have rated the stock with a sell rating, four have issued a hold rating and thirteen have assigned a buy rating to the company. Linde presently has an average rating of “Buy” and an average price target of $201.83.

Linde 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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