Avitas Wealth Management LLC Has $2.28 Million Position in Linde plc (NASDAQ:LIN)

Avitas Wealth Management LLC raised its holdings in Linde plc (NASDAQ:LIN) by 0.9% in the fourth quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 5,435 shares of the basic materials company’s stock after acquiring an additional 51 shares during the quarter. Avitas Wealth Management LLC’s holdings in Linde were worth $2,275,000 at the end of the most recent quarter.

Several other large investors also recently added to or reduced their stakes in the business. Trifecta Capital Advisors LLC raised its stake in shares of Linde by 16.9% in the 3rd quarter. Trifecta Capital Advisors LLC now owns 145 shares of the basic materials company’s stock valued at $69,000 after acquiring an additional 21 shares in the last quarter. Quotient Wealth Partners LLC grew its holdings in Linde by 0.9% during the third quarter. Quotient Wealth Partners LLC now owns 2,706 shares of the basic materials company’s stock valued at $1,290,000 after purchasing an additional 23 shares during the last quarter. Regent Peak Wealth Advisors LLC raised its position in shares of Linde by 1.3% in the third quarter. Regent Peak Wealth Advisors LLC now owns 1,831 shares of the basic materials company’s stock valued at $873,000 after purchasing an additional 23 shares during the period. Concord Asset Management LLC VA lifted its stake in shares of Linde by 0.5% in the fourth quarter. Concord Asset Management LLC VA now owns 4,774 shares of the basic materials company’s stock worth $1,999,000 after buying an additional 23 shares during the last quarter. Finally, CVA Family Office LLC boosted its holdings in shares of Linde by 2.9% during the 3rd quarter. CVA Family Office LLC now owns 851 shares of the basic materials company’s stock worth $406,000 after buying an additional 24 shares during the period. 82.80% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

LIN has been the topic of several recent analyst reports. Deutsche Bank Aktiengesellschaft lifted their target price on shares of Linde from $510.00 to $515.00 and gave the stock a “buy” rating in a report on Friday, November 1st. BMO Capital Markets lifted their price objective on Linde from $477.00 to $507.00 and gave the stock an “outperform” rating in a research note on Friday, November 1st. TD Cowen upgraded Linde from a “hold” rating to a “buy” rating and increased their target price for the company from $480.00 to $515.00 in a research note on Monday, January 13th. Citigroup dropped their price target on Linde from $490.00 to $480.00 and set a “neutral” rating on the stock in a research report on Wednesday, December 18th. Finally, Mizuho increased their price objective on Linde from $520.00 to $530.00 and gave the company an “outperform” rating in a research report on Friday, November 1st. Four research analysts have rated the stock with a hold rating and nine have given a buy rating to the stock. According to data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $501.82.

Linde Stock Up 0.1 %

LIN opened at $454.80 on Wednesday. The company has a market capitalization of $216.56 billion, a P/E ratio of 34.53, a P/E/G ratio of 2.77 and a beta of 0.94. The company has a debt-to-equity ratio of 0.43, a current ratio of 0.96 and a quick ratio of 0.81. The firm’s fifty day moving average price is $434.51 and its two-hundred day moving average price is $453.37. Linde plc has a fifty-two week low of $396.07 and a fifty-two week high of $487.49.

Insider Activity

In other Linde news, VP Guillermo Bichara sold 4,385 shares of Linde stock in a transaction that occurred on Wednesday, December 4th. The stock was sold at an average price of $460.73, for a total transaction of $2,020,301.05. Following the sale, the vice president now directly owns 22,776 shares of the company’s stock, valued at approximately $10,493,586.48. The trade was a 16.14 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, Director Paula Rosput Reynolds bought 100 shares of the company’s stock in a transaction dated Thursday, December 12th. The stock was bought at an average cost of $441.34 per share, with a total value of $44,134.00. Following the completion of the acquisition, the director now owns 233 shares in the company, valued at $102,832.22. This represents a 75.19 % increase in their position. The disclosure for this purchase can be found here. 0.60% of the stock is owned by company insiders.

Linde Company Profile

Linde plc operates as an industrial gas company in the Americas, Europe, the Middle East, Africa, Asia, and South 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.