CIBC Asset Management Inc Raises Stock Position in Linde plc (NASDAQ:LIN)

CIBC Asset Management Inc raised its stake in shares of Linde plc (NASDAQ:LIN) by 1.3% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 271,042 shares of the basic materials company’s stock after purchasing an additional 3,572 shares during the period. CIBC Asset Management Inc owned 0.06% of Linde worth $113,366,000 at the end of the most recent quarter.

Several other institutional investors have also modified their holdings of the stock. Synergy Asset Management LLC purchased a new stake in Linde during the 4th quarter valued at about $25,000. Global Wealth Strategies & Associates grew its position in shares of Linde by 144.8% in the fourth quarter. Global Wealth Strategies & Associates now owns 71 shares of the basic materials company’s stock valued at $30,000 after purchasing an additional 42 shares in the last quarter. Retirement Wealth Solutions LLC purchased a new stake in shares of Linde in the fourth quarter valued at approximately $34,000. Capital Performance Advisors LLP acquired a new stake in shares of Linde in the third quarter valued at approximately $43,000. Finally, Kozak & Associates Inc. lifted its position in Linde by 38.6% during the fourth quarter. Kozak & Associates Inc. now owns 97 shares of the basic materials company’s stock worth $40,000 after buying an additional 27 shares in the last quarter. Institutional investors and hedge funds own 82.80% of the company’s stock.

Linde Stock Performance

NASDAQ LIN opened at $457.00 on Monday. The company has a fifty day moving average of $434.82 and a two-hundred day moving average of $454.01. The company has a market capitalization of $217.61 billion, a PE ratio of 33.58, a P/E/G ratio of 2.89 and a beta of 0.94. Linde plc has a 1 year low of $410.69 and a 1 year high of $487.49. The company has a debt-to-equity ratio of 0.39, a current ratio of 0.89 and a quick ratio of 0.81.

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

Wall Street Analysts Forecast Growth

A number of analysts have issued reports on LIN shares. Citigroup cut their target price on 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 raised shares of Linde from a “hold” rating to a “buy” rating and lifted their target price for the stock from $480.00 to $515.00 in a research note on Monday, January 13th. Erste Group Bank reissued a “hold” rating on shares of Linde in a research note on Tuesday, November 19th. BMO Capital Markets lifted their price target 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. Finally, Deutsche Bank Aktiengesellschaft increased their price objective on Linde from $510.00 to $515.00 and gave the stock a “buy” rating in a research report on Friday, November 1st. Four analysts have rated the stock with a hold rating and nine have issued a buy rating to the stock. According to MarketBeat.com, Linde presently has an average rating of “Moderate Buy” and a consensus price target of $501.82.

Insider Buying and Selling at Linde

In other news, Director Robert L. Wood sold 2,900 shares of Linde stock in a transaction dated Monday, February 10th. The shares were sold at an average price of $456.26, for a total value of $1,323,154.00. Following the sale, the director now owns 14,013 shares of the company’s stock, valued at $6,393,571.38. The trade was a 17.15 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, VP Guillermo Bichara sold 4,385 shares of the stock in a transaction dated 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 transaction, the vice president now directly owns 22,776 shares of the company’s stock, valued at $10,493,586.48. This represents a 16.14 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last three months, insiders have sold 9,503 shares of company stock worth $4,306,843. 0.60% of the stock is owned by company 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.