Campbell & CO Investment Adviser LLC Invests $1 Million in Linde plc (NYSE:LIN)

Campbell & CO Investment Adviser LLC purchased a new position in Linde plc (NYSE:LINFree Report) in the third quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor purchased 2,677 shares of the basic materials company’s stock, valued at approximately $1,001,000.

Other hedge funds have also made changes to their positions in the company. Carmel Capital Partners LLC bought a new position in Linde during the third quarter valued at approximately $26,000. Annapolis Financial Services LLC raised its position in Linde by 122.6% during the third quarter. Annapolis Financial Services LLC now owns 69 shares of the basic materials company’s stock valued at $26,000 after acquiring an additional 38 shares in the last quarter. FWL Investment Management LLC bought a new position in Linde during the fourth quarter valued at approximately $30,000. Halpern Financial Inc. raised its position in Linde by 309.5% during the third quarter. Halpern Financial Inc. now owns 86 shares of the basic materials company’s stock valued at $32,000 after acquiring an additional 65 shares in the last quarter. Finally, Nemes Rush Group LLC bought a new position in Linde during the second quarter valued at approximately $33,000. 80.98% of the stock is owned by hedge funds and other institutional investors.

Linde Trading Up 1.3 %

Shares of Linde stock opened at $419.42 on Friday. Linde plc has a 1 year low of $319.23 and a 1 year high of $434.21. The company has a current ratio of 0.80, a quick ratio of 0.68 and a debt-to-equity ratio of 0.33. The company’s fifty day simple moving average is $408.30 and its 200-day simple moving average is $393.37. The company has a market cap of $203.37 billion, a price-to-earnings ratio of 33.29, a PEG ratio of 2.71 and a beta of 0.92.

Linde (NYSE:LINGet Free Report) last posted its quarterly earnings results on Tuesday, February 6th. The basic materials company reported $3.59 earnings per share for the quarter, topping analysts’ consensus estimates of $3.49 by $0.10. Linde had a net margin of 18.87% and a return on equity of 17.06%. The firm had revenue of $8.30 billion for the quarter, compared to the consensus estimate of $8.04 billion. During the same quarter in the previous year, the company earned $3.16 earnings per share. The business’s revenue was up 5.1% compared to the same quarter last year. As a group, sell-side analysts expect that Linde plc will post 15.55 EPS for the current year.

Wall Street Analyst Weigh In

Several equities analysts have commented on LIN shares. Mizuho increased their price target on Linde from $430.00 to $434.00 and gave the company a “neutral” rating in a report on Wednesday. HSBC increased their price target on Linde from $440.00 to $447.00 and gave the company a “buy” rating in a report on Friday, November 24th. Seaport Res Ptn downgraded Linde from a “buy” rating to a “neutral” rating in a report on Monday, January 8th. BMO Capital Markets increased their price target on Linde from $418.00 to $421.00 and gave the company an “outperform” rating in a report on Monday, October 30th. Finally, Wells Fargo & Company increased their price target on Linde from $470.00 to $480.00 and gave the company an “overweight” rating in a report on Wednesday. Three research analysts have rated the stock with a hold rating and nine have issued a buy rating to the company’s stock. Based on data from MarketBeat, Linde currently has a consensus rating of “Moderate Buy” and an average price target of $433.14.

View Our Latest Research Report on LIN

Linde Company Profile

(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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