Bank of Jackson Hole Trust Takes Position in Linde plc (NASDAQ:LIN)

Bank of Jackson Hole Trust acquired a new stake in Linde plc (NASDAQ:LIN) during the 4th quarter, Holdings Channel.com reports. The fund acquired 142 shares of the basic materials company’s stock, valued at approximately $59,000.

Several other large investors also recently modified their holdings of LIN. AMF Tjanstepension AB raised its position in shares of Linde by 108.7% in the third quarter. AMF Tjanstepension AB now owns 784,477 shares of the basic materials company’s stock valued at $374,086,000 after purchasing an additional 408,659 shares during the period. Howard Capital Management Group LLC bought a new position in Linde during the third quarter worth about $252,000. Raleigh Capital Management Inc. increased its position in Linde by 8.9% during the third quarter. Raleigh Capital Management Inc. now owns 737 shares of the basic materials company’s stock worth $351,000 after acquiring an additional 60 shares during the period. Sequoia Financial Advisors LLC increased its position in Linde by 6.8% during the third quarter. Sequoia Financial Advisors LLC now owns 11,572 shares of the basic materials company’s stock worth $5,518,000 after acquiring an additional 735 shares during the period. Finally, BLB&B Advisors LLC increased its position in Linde by 1.7% during the third quarter. BLB&B Advisors LLC now owns 17,477 shares of the basic materials company’s stock worth $8,334,000 after acquiring an additional 297 shares during the period. 82.80% of the stock is owned by institutional investors.

Linde Trading Down 0.8 %

LIN opened at $462.07 on Thursday. The company’s 50 day moving average is $435.96 and its 200-day moving average is $454.18. Linde plc has a 1-year low of $410.69 and a 1-year high of $487.49. The company has a current ratio of 0.89, a quick ratio of 0.76 and a debt-to-equity ratio of 0.39. The company has a market cap of $220.02 billion, a P/E ratio of 33.95, a PEG ratio of 3.05 and a beta of 0.94.

Linde (NASDAQ:LIN) last posted its quarterly earnings results 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 net margin of 19.89% and a return on equity of 18.71%. Equities research analysts predict that Linde plc will post 16.54 earnings per share for the current fiscal year.

Insider Activity

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

Wall Street Analyst Weigh In

LIN has been the topic of a number of recent research reports. 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. TD Cowen raised shares of Linde from a “hold” rating to a “buy” rating and raised their price target 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 stock a “buy” rating in a research report on Friday, November 1st. BMO Capital Markets raised their price target on shares of Linde from $477.00 to $507.00 and gave the stock an “outperform” rating in a research report on Friday, November 1st. Finally, Erste Group Bank reissued 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 assigned a buy rating to the company’s stock. According to data from MarketBeat.com, Linde currently has a consensus rating of “Moderate Buy” and a consensus target price 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.