Stratos Investment Management LLC Has $513,000 Stock Holdings in Linde plc (NASDAQ:LIN)

Stratos Investment Management LLC boosted its stake in Linde plc (NASDAQ:LIN) by 25.0% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 1,225 shares of the basic materials company’s stock after acquiring an additional 245 shares during the period. Stratos Investment Management LLC’s holdings in Linde were worth $513,000 at the end of the most recent quarter.

Several other institutional investors have also recently added to or reduced their stakes in LIN. Helios Capital Management PTE. Ltd. lifted its position in shares of Linde by 85.2% in the fourth quarter. Helios Capital Management PTE. Ltd. now owns 2,500 shares of the basic materials company’s stock worth $1,047,000 after buying an additional 1,150 shares in the last quarter. Channel Wealth LLC boosted its holdings in Linde by 30.4% in the 4th quarter. Channel Wealth LLC now owns 7,385 shares of the basic materials company’s stock worth $3,092,000 after buying an additional 1,723 shares during the last quarter. Nordea Investment Management AB lifted its stake in Linde by 2.2% in the 4th quarter. Nordea Investment Management AB now owns 2,145,643 shares of the basic materials company’s stock worth $898,188,000 after purchasing an additional 46,843 shares in the last quarter. M&T Bank Corp raised its position in shares of Linde by 6.7% during the 3rd quarter. M&T Bank Corp now owns 79,472 shares of the basic materials company’s stock valued at $37,898,000 after buying an additional 5,021 shares during the period. Finally, SYM FINANCIAL Corp acquired a new stake in Linde in the fourth quarter valued at $625,000. 82.80% of the stock is owned by institutional investors and hedge funds.

Insider Buying and Selling at Linde

In related 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 completion of the sale, the vice president now directly owns 22,776 shares in the company, valued at approximately $10,493,586.48. This trade represents a 16.14 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, Director Paula Rosput Reynolds acquired 100 shares of the stock in a transaction dated Thursday, December 12th. The stock was acquired at an average cost of $441.34 per share, with a total value of $44,134.00. Following the purchase, the director now owns 233 shares of the company’s stock, valued at approximately $102,832.22. This trade 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 corporate insiders.

Linde Stock Performance

Shares of NASDAQ LIN opened at $453.70 on Thursday. The firm’s fifty day moving average is $434.48 and its two-hundred day moving average is $453.44. Linde plc has a 52-week low of $410.69 and a 52-week high of $487.49. The company has a debt-to-equity ratio of 0.43, a quick ratio of 0.81 and a current ratio of 0.96. The company has a market cap of $216.03 billion, a P/E ratio of 34.45, a P/E/G ratio of 2.77 and a beta of 0.94.

Analyst Ratings Changes

A number of equities research analysts recently commented on the stock. Deutsche Bank Aktiengesellschaft increased their price objective on shares of Linde from $510.00 to $515.00 and gave the company a “buy” rating in a research note on Friday, November 1st. BMO Capital Markets increased their price objective on shares of Linde from $477.00 to $507.00 and gave the company an “outperform” rating in a research report on Friday, November 1st. Citigroup decreased their price target on shares of Linde from $490.00 to $480.00 and set a “neutral” rating for the company in a research report on Wednesday, December 18th. TD Cowen upgraded Linde from a “hold” rating to a “buy” rating and raised their target price for the company from $480.00 to $515.00 in a research note on Monday, January 13th. Finally, Erste Group Bank reissued a “hold” rating on shares of Linde in a report on Tuesday, November 19th. Four equities research analysts have rated the stock with a hold rating and nine have assigned a buy rating to the company’s stock. According to data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average price target of $501.82.

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.