Linde plc (NASDAQ:LIN) Position Lifted by Capital Asset Advisory Services LLC

Capital Asset Advisory Services LLC raised its stake in shares of Linde plc (NASDAQ:LIN) by 4.4% during the fourth quarter, HoldingsChannel reports. The fund owned 8,279 shares of the basic materials company’s stock after acquiring an additional 350 shares during the quarter. Capital Asset Advisory Services LLC’s holdings in Linde were worth $3,423,000 as of its most recent SEC filing.

Other large investors have also recently added to or reduced their stakes in the company. Global Wealth Strategies & Associates lifted its position in shares of Linde by 144.8% in the 4th quarter. Global Wealth Strategies & Associates now owns 71 shares of the basic materials company’s stock worth $30,000 after buying an additional 42 shares during the last quarter. Kozak & Associates Inc. bought a new position in shares of Linde in the 3rd quarter worth about $34,000. Retirement Wealth Solutions LLC bought a new position in shares of Linde in the 4th quarter worth about $34,000. Capital Performance Advisors LLP bought a new position in shares of Linde in the 3rd quarter worth about $43,000. Finally, Decker Retirement Planning Inc. bought a new position in shares of Linde in the 4th quarter worth about $47,000. 82.80% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

A number of research analysts have recently issued reports on LIN shares. Deutsche Bank Aktiengesellschaft raised their price target on shares of Linde from $510.00 to $515.00 and gave the stock a “buy” rating in a research report on Friday, November 1st. Mizuho raised their price target on shares of Linde from $520.00 to $530.00 and gave the stock an “outperform” rating in a research report on Friday, November 1st. Erste Group Bank restated a “hold” rating on shares of Linde in a research report on Tuesday, November 19th. TD Cowen raised shares of Linde from a “hold” rating to a “buy” rating and increased their price objective for the stock from $480.00 to $515.00 in a report on Monday, January 13th. Finally, Citigroup dropped their price objective on shares of Linde from $490.00 to $480.00 and set a “neutral” rating on the stock in a report on Wednesday, December 18th. Four analysts have rated the stock with a hold rating and nine have given a buy rating to the company. Based on data from MarketBeat.com, Linde presently has a consensus rating of “Moderate Buy” and a consensus target price of $501.82.

Linde Stock Down 0.4 %

Linde stock opened at $439.25 on Monday. The stock has a market cap of $209.15 billion, a price-to-earnings ratio of 33.35, a PEG ratio of 2.74 and a beta of 0.94. The company has a current ratio of 0.96, a quick ratio of 0.81 and a debt-to-equity ratio of 0.43. The company’s 50-day moving average price is $435.45 and its two-hundred day moving average price is $453.20. Linde plc has a 52 week low of $396.07 and a 52 week high of $487.49.

Linde (NASDAQ:LIN) last released its earnings results on Thursday, October 31st. The basic materials company reported $3.94 EPS for the quarter, beating the consensus estimate of $3.89 by $0.05. The firm had revenue of $8.36 billion for the quarter, compared to analysts’ expectations of $8.39 billion. Linde had a net margin of 19.33% and a return on equity of 18.16%. Linde’s quarterly revenue was up 1.9% on a year-over-year basis. During the same quarter last year, the company earned $3.63 EPS. On average, analysts expect that Linde plc will post 15.45 EPS for the current fiscal year.

Insider Buying and Selling at Linde

In other news, VP David P. Strauss sold 2,218 shares of Linde stock in a transaction that occurred on Monday, December 16th. The shares were sold at an average price of $434.35, for a total value of $963,388.30. Following the transaction, the vice president now owns 25,926 shares of the company’s stock, valued at $11,260,958.10. The trade was a 7.88 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through this link. Also, 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 completion of the transaction, the vice president now directly owns 22,776 shares in the company, valued at $10,493,586.48. This represents a 16.14 % decrease in their position. The disclosure for this sale can be found here. 0.60% of the stock is owned by corporate 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.