Allworth Financial LP Has $3.90 Million Stock Position in Linde plc (NASDAQ:LIN)

Allworth Financial LP lifted its stake in Linde plc (NASDAQ:LIN) by 25.7% in the fourth quarter, HoldingsChannel reports. The institutional investor owned 8,808 shares of the basic materials company’s stock after buying an additional 1,800 shares during the quarter. Allworth Financial LP’s holdings in Linde were worth $3,899,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also modified their holdings of the company. Principal Securities Inc. boosted its position in Linde by 19.0% in the fourth quarter. Principal Securities Inc. now owns 9,508 shares of the basic materials company’s stock valued at $3,981,000 after buying an additional 1,515 shares in the last quarter. TigerOak Management L.L.C. acquired a new position in shares of Linde in the 4th quarter worth approximately $2,087,000. Congress Asset Management Co. grew its position in Linde by 0.4% during the 4th quarter. Congress Asset Management Co. now owns 39,358 shares of the basic materials company’s stock worth $16,478,000 after acquiring an additional 161 shares during the last quarter. Roxbury Financial LLC acquired a new stake in Linde during the 4th quarter valued at $103,000. Finally, Aveo Capital Partners LLC raised its position in Linde by 5.2% in the 4th quarter. Aveo Capital Partners LLC now owns 709 shares of the basic materials company’s stock valued at $297,000 after purchasing an additional 35 shares during the last quarter. Institutional investors own 82.80% of the company’s stock.

Linde Stock Performance

Shares of Linde stock opened at $457.00 on Tuesday. The firm has a fifty day moving average of $434.82 and a two-hundred day moving average of $454.01. The company has a debt-to-equity ratio of 0.39, a quick ratio of 0.81 and a current ratio of 0.89. The stock has a market capitalization of $217.61 billion, a price-to-earnings ratio of 33.58, a PEG ratio of 2.89 and a beta of 0.94. Linde plc has a 52 week low of $410.69 and a 52 week high of $487.49.

Linde (NASDAQ:LIN) last released 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 return on equity of 18.71% and a net margin of 19.89%. As a group, equities research analysts predict that Linde plc will post 16.55 EPS for the current year.

Insider Activity at Linde

In other news, VP Guillermo Bichara sold 4,385 shares of the firm’s 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 sale, the vice president now owns 22,776 shares of the company’s stock, valued at $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 SEC, which is available through this hyperlink. Also, VP David P. Strauss sold 2,218 shares of the business’s 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 completion of the transaction, the vice president now owns 25,926 shares of the company’s stock, valued at $11,260,958.10. This represents a 7.88 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 9,503 shares of company stock worth $4,306,843 in the last ninety days. Company insiders own 0.60% of the company’s stock.

Wall Street Analyst Weigh In

A number of brokerages have recently weighed in on LIN. BMO Capital Markets raised their target price on Linde from $477.00 to $507.00 and gave the company an “outperform” rating in a research note on Friday, November 1st. Mizuho raised their price objective on shares of Linde from $520.00 to $530.00 and gave the company an “outperform” rating in a research report on Friday, November 1st. TD Cowen upgraded shares of Linde from a “hold” rating to a “buy” rating and upped their target price for the stock from $480.00 to $515.00 in a research report on Monday, January 13th. Deutsche Bank Aktiengesellschaft raised their price target on shares of Linde from $510.00 to $515.00 and gave the company a “buy” rating in a report on Friday, November 1st. Finally, Erste Group Bank reaffirmed a “hold” rating on shares of Linde in a report on Tuesday, November 19th. Four investment analysts have rated the stock with a hold rating and nine have issued a buy rating to the stock. According to MarketBeat, Linde presently has a consensus rating of “Moderate Buy” and a consensus 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.