Linde plc (NASDAQ:LIN) Shares Purchased by Stratos Wealth Partners LTD.

Stratos Wealth Partners LTD. boosted its holdings in shares of Linde plc (NASDAQ:LIN) by 3.7% in the fourth quarter, HoldingsChannel.com reports. The fund owned 7,351 shares of the basic materials company’s stock after buying an additional 261 shares during the quarter. Stratos Wealth Partners LTD.’s holdings in Linde were worth $3,078,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds also recently modified their holdings of the business. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC raised its position in shares of Linde by 372.8% in the third quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 3,288,088 shares of the basic materials company’s stock valued at $1,567,958,000 after buying an additional 2,592,682 shares during the last quarter. International Assets Investment Management LLC grew its stake in Linde by 47,830.2% in the 3rd quarter. International Assets Investment Management LLC now owns 936,076 shares of the basic materials company’s stock worth $446,377,000 after acquiring an additional 934,123 shares during the period. Assenagon Asset Management S.A. raised its holdings in Linde by 2,293.0% in the 4th quarter. Assenagon Asset Management S.A. now owns 782,461 shares of the basic materials company’s stock valued at $327,593,000 after acquiring an additional 749,763 shares during the last quarter. AMF Tjanstepension AB lifted its stake in shares of Linde by 108.7% during the 3rd quarter. AMF Tjanstepension AB now owns 784,477 shares of the basic materials company’s stock worth $374,086,000 after purchasing an additional 408,659 shares during the period. Finally, KBC Group NV boosted its holdings in shares of Linde by 131.6% during the third quarter. KBC Group NV now owns 621,444 shares of the basic materials company’s stock worth $296,342,000 after purchasing an additional 353,136 shares during the last quarter. Hedge funds and other institutional investors own 82.80% of the company’s stock.

Wall Street Analyst Weigh In

Several equities analysts recently commented on the company. Erste Group Bank reiterated a “hold” rating on shares of Linde in a research note on Tuesday, November 19th. Mizuho increased their price objective on shares of Linde from $520.00 to $530.00 and gave the stock an “outperform” rating in a report on Friday, November 1st. TD Cowen upgraded shares of Linde from a “hold” rating to a “buy” rating and boosted their target price for the company from $480.00 to $515.00 in a report on Monday, January 13th. Deutsche Bank Aktiengesellschaft increased their price target on shares of Linde from $510.00 to $515.00 and gave the stock a “buy” rating in a research note on Friday, November 1st. Finally, BMO Capital Markets boosted their price objective on shares of Linde from $477.00 to $507.00 and gave the company an “outperform” rating in a research note on Friday, November 1st. Four investment analysts have rated the stock with a hold rating and nine have issued a buy rating to the company. According to data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus target price of $501.82.

Linde Stock Down 1.2 %

Shares of NASDAQ LIN opened at $455.05 on Friday. The stock has a fifty day moving average price of $434.48 and a 200 day moving average price of $453.49. The company has a current ratio of 0.96, a quick ratio of 0.81 and a debt-to-equity ratio of 0.43. Linde plc has a 12-month low of $410.69 and a 12-month high of $487.49. The company has a market cap of $216.68 billion, a P/E ratio of 34.55, a P/E/G ratio of 2.77 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 (EPS) for the quarter, beating analysts’ consensus estimates of $3.93 by $0.04. Linde had a return on equity of 18.16% and a net margin of 19.33%. Research analysts anticipate that Linde plc will post 15.45 EPS for the current fiscal year.

Insider Buying and Selling at Linde

In other Linde news, Director Paula Rosput Reynolds bought 100 shares of the stock in a transaction dated Thursday, December 12th. The stock was bought 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 of the company’s stock, valued at approximately $102,832.22. The trade was a 75.19 % increase in their ownership of the stock. The acquisition was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Also, VP Guillermo Bichara sold 4,385 shares of the business’s stock in a transaction dated Wednesday, December 4th. The stock was sold at an average price of $460.73, for a total value of $2,020,301.05. Following the completion of the transaction, the vice president now owns 22,776 shares in the company, valued at approximately $10,493,586.48. This trade 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 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.