Zions Bancorporation N.A. Buys 172 Shares of Linde plc (NYSE:LIN)

Zions Bancorporation N.A. grew its stake in Linde plc (NYSE:LINFree Report) by 7.0% during the 3rd quarter, HoldingsChannel reports. The fund owned 2,624 shares of the basic materials company’s stock after purchasing an additional 172 shares during the quarter. Zions Bancorporation N.A.’s holdings in Linde were worth $977,000 as of its most recent SEC filing.

Other hedge funds have also added to or reduced their stakes in the company. TradeLink Capital LLC purchased a new stake in shares of Linde during the first quarter valued at $2,523,000. Moors & Cabot Inc. boosted its position in shares of Linde by 36.4% during the first quarter. Moors & Cabot Inc. now owns 1,773 shares of the basic materials company’s stock valued at $566,000 after buying an additional 473 shares during the last quarter. Sequoia Financial Advisors LLC boosted its position in shares of Linde by 25.4% during the first quarter. Sequoia Financial Advisors LLC now owns 2,996 shares of the basic materials company’s stock valued at $957,000 after buying an additional 607 shares during the last quarter. Ergoteles LLC purchased a new stake in shares of Linde during the first quarter valued at $6,682,000. Finally, Wsfs Capital Management LLC purchased a new stake in shares of Linde during the first quarter valued at $331,000. 80.98% of the stock is owned by institutional investors.

Analyst Ratings Changes

A number of research firms have weighed in on LIN. BMO Capital Markets increased their target price on Linde from $418.00 to $421.00 and gave the company an “outperform” rating in a report on Monday, October 30th. UBS Group decreased their price objective on Linde from $450.00 to $445.00 and set a “buy” rating on the stock in a research note on Thursday, October 12th. HSBC raised their price objective on Linde from $440.00 to $447.00 and gave the stock a “buy” rating in a research note on Friday, November 24th. Stifel Nicolaus downgraded Linde from a “buy” rating to a “hold” rating and set a $429.00 price objective on the stock. in a research note on Monday, January 22nd. Finally, Citigroup raised their price objective on Linde from $448.00 to $450.00 and gave the stock a “buy” rating in a research note on Wednesday, October 4th. Three equities research analysts have rated the stock with a hold rating and ten have issued a buy rating to the stock. Based on data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average target price of $428.86.

Check Out Our Latest Stock Report on Linde

Linde Stock Performance

NYSE LIN opened at $407.85 on Wednesday. The company has a debt-to-equity ratio of 0.33, a current ratio of 0.83 and a quick ratio of 0.68. The business has a 50 day simple moving average of $408.52 and a two-hundred day simple moving average of $391.91. The stock has a market capitalization of $197.76 billion, a PE ratio of 33.68, a P/E/G ratio of 2.50 and a beta of 0.91. Linde plc has a 1-year low of $318.88 and a 1-year high of $434.21.

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.

See Also

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Institutional Ownership by Quarter for Linde (NYSE:LIN)

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