Freedom Day Solutions LLC Grows Position in Linde plc (NASDAQ:LIN)

Freedom Day Solutions LLC raised its holdings in Linde plc (NASDAQ:LIN) by 3.9% during the 4th quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 5,567 shares of the basic materials company’s stock after acquiring an additional 210 shares during the period. Freedom Day Solutions LLC’s holdings in Linde were worth $2,330,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also recently modified their holdings of the business. Synergy Asset Management LLC bought a new position in shares of Linde during the 4th quarter valued at about $25,000. Global Wealth Strategies & Associates increased its position in shares of Linde by 144.8% during the 4th 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 during the last quarter. Retirement Wealth Solutions LLC bought a new position in shares of Linde during the 4th quarter valued at about $34,000. Capital Performance Advisors LLP bought a new position in shares of Linde during the 3rd quarter valued at about $43,000. Finally, Kozak & Associates Inc. increased its position in shares of Linde by 38.6% during the 4th quarter. Kozak & Associates Inc. now owns 97 shares of the basic materials company’s stock valued at $40,000 after purchasing an additional 27 shares during the last quarter. Hedge funds and other institutional investors own 82.80% of the company’s stock.

Wall Street Analysts Forecast Growth

Several equities analysts have recently commented on the company. BMO Capital Markets increased their price objective on Linde from $477.00 to $507.00 and gave the company an “outperform” rating in a research report on Friday, November 1st. Citigroup reduced their price target on Linde from $490.00 to $480.00 and set a “neutral” rating on the stock in a research report on Wednesday, December 18th. Mizuho raised their price target on Linde from $520.00 to $530.00 and gave the stock an “outperform” rating in a research report on Friday, November 1st. TD Cowen upgraded 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. Finally, Deutsche Bank Aktiengesellschaft raised their price target on Linde from $510.00 to $515.00 and gave the stock a “buy” rating in a research report on Friday, November 1st. Four investment analysts have rated the stock with a hold rating and nine have assigned a buy rating to the stock. Based on data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $501.82.

Insider Activity

In other news, VP Guillermo Bichara sold 4,385 shares of the firm’s stock in a transaction that occurred on 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 $10,493,586.48. This trade represents a 16.14 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, Director Robert L. Wood sold 2,900 shares of the firm’s stock in a transaction that occurred on 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 completion of the transaction, the director now owns 14,013 shares of the company’s stock, valued at approximately $6,393,571.38. The trade was a 17.15 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 9,503 shares of company stock worth $4,306,843 in the last quarter. 0.60% of the stock is owned by company insiders.

Linde Price Performance

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

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, topping 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%. On average, equities research analysts anticipate that Linde plc will post 16.54 earnings per share for the current year.

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.