Hemington Wealth Management Boosts Stake in Linde plc (NASDAQ:LIN)

Hemington Wealth Management lifted its holdings in Linde plc (NASDAQ:LIN) by 24.1% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 139 shares of the basic materials company’s stock after buying an additional 27 shares during the period. Hemington Wealth Management’s holdings in Linde were worth $58,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds and other institutional investors have also recently modified their holdings of LIN. Trifecta Capital Advisors LLC boosted its stake in Linde by 16.9% during the 3rd quarter. Trifecta Capital Advisors LLC now owns 145 shares of the basic materials company’s stock worth $69,000 after purchasing an additional 21 shares during the period. Regent Peak Wealth Advisors LLC boosted its stake in Linde by 1.3% during the 3rd quarter. Regent Peak Wealth Advisors LLC now owns 1,831 shares of the basic materials company’s stock worth $873,000 after purchasing an additional 23 shares during the period. Concord Asset Management LLC VA boosted its stake in Linde by 0.5% during the 4th quarter. Concord Asset Management LLC VA now owns 4,774 shares of the basic materials company’s stock worth $1,999,000 after purchasing an additional 23 shares during the period. Salomon & Ludwin LLC boosted its stake in Linde by 14.3% during the 3rd quarter. Salomon & Ludwin LLC now owns 192 shares of the basic materials company’s stock worth $92,000 after purchasing an additional 24 shares during the period. Finally, Fourpath Capital Management LLC boosted its stake in Linde by 0.6% during the 4th quarter. Fourpath Capital Management LLC now owns 4,138 shares of the basic materials company’s stock worth $1,732,000 after purchasing an additional 24 shares during the period. 82.80% of the stock is owned by hedge funds and other institutional investors.

Insider Buying and Selling at Linde

In other Linde news, VP Guillermo Bichara sold 4,385 shares of the firm’s stock in a transaction dated Wednesday, December 4th. The shares were 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 $10,493,586.48. This trade represents a 16.14 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, Director Paula Rosput Reynolds purchased 100 shares of the firm’s stock in a transaction on Thursday, December 12th. The shares were purchased at an average cost of $441.34 per share, for a total transaction of $44,134.00. Following the completion of the purchase, the director now directly owns 233 shares in the company, valued at $102,832.22. The trade was a 75.19 % increase in their ownership of the stock. The disclosure for this purchase can be found here. In the last three months, insiders sold 9,503 shares of company stock worth $4,306,843. 0.60% of the stock is owned by corporate insiders.

Analysts Set New Price Targets

Several analysts have recently commented on the stock. Erste Group Bank restated a “hold” rating on shares of Linde in a research note on Tuesday, November 19th. BMO Capital Markets raised their target price on shares of Linde from $477.00 to $507.00 and gave the stock an “outperform” rating in a research note on Friday, November 1st. Citigroup reduced their target price on shares of Linde from $490.00 to $480.00 and set a “neutral” rating for the company in a research note on Wednesday, December 18th. TD Cowen upgraded shares of Linde from a “hold” rating to a “buy” rating and raised their target price for the stock from $480.00 to $515.00 in a research note on Monday, January 13th. Finally, Mizuho raised their target price on shares of Linde from $520.00 to $530.00 and gave the stock an “outperform” rating in a research note on Friday, November 1st. Four analysts have rated the stock with a hold rating and nine have issued a buy rating to the company’s stock. According to MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus target price of $501.82.

Linde Stock Performance

NASDAQ:LIN opened at $458.56 on Thursday. The company has a current ratio of 0.89, a quick ratio of 0.81 and a debt-to-equity ratio of 0.39. The firm has a 50-day moving average price of $434.44 and a two-hundred day moving average price of $453.86. Linde plc has a twelve month low of $410.69 and a twelve month high of $487.49. The company has a market capitalization of $218.35 billion, a P/E ratio of 33.69, a price-to-earnings-growth ratio of 2.89 and a beta of 0.94.

Linde (NASDAQ:LIN) last posted its earnings results on Thursday, February 6th. The basic materials company reported $3.97 earnings per share for the quarter, beating the consensus estimate of $3.93 by $0.04. Linde had a net margin of 19.89% and a return on equity of 18.71%. As a group, research analysts expect that Linde plc will post 16.55 earnings per share for the current fiscal year.

About Linde

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.