Traynor Capital Management Inc. Acquires 4,980 Shares of Linde plc (NASDAQ:LIN)

Traynor Capital Management Inc. boosted its holdings in shares of Linde plc (NASDAQ:LIN) by 716.5% in the 3rd quarter, according to its most recent Form 13F filing with the SEC. The firm owned 5,675 shares of the basic materials company’s stock after buying an additional 4,980 shares during the period. Traynor Capital Management Inc.’s holdings in Linde were worth $2,706,000 as of its most recent SEC filing.

Several other large investors also recently added to or reduced their stakes in the business. Pallas Capital Advisors LLC boosted its stake in Linde by 1.1% during the third quarter. Pallas Capital Advisors LLC now owns 35,458 shares of the basic materials company’s stock valued at $16,823,000 after buying an additional 379 shares during the period. Strategic Wealth Investment Group LLC boosted its stake in Linde by 78.4% during the third quarter. Strategic Wealth Investment Group LLC now owns 28,937 shares of the basic materials company’s stock valued at $13,746,000 after buying an additional 12,714 shares during the period. Autumn Glory Partners LLC bought a new stake in Linde during the third quarter valued at $487,000. TCI Wealth Advisors Inc. bought a new stake in Linde during the third quarter valued at $227,000. Finally, Concord Wealth Partners boosted its stake in Linde by 6.9% during the third quarter. Concord Wealth Partners now owns 4,529 shares of the basic materials company’s stock valued at $2,160,000 after buying an additional 291 shares during the period. Institutional investors own 82.80% of the company’s stock.

Insider Activity at Linde

In other Linde news, VP John Panikar sold 10,025 shares of the company’s stock in a transaction that occurred on Tuesday, September 10th. The stock was sold at an average price of $462.75, for a total transaction of $4,639,068.75. Following the transaction, the vice president now owns 17,584 shares in the company, valued at approximately $8,136,996. This represents a 0.00 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. 0.60% of the stock is owned by company insiders.

Linde Stock Up 0.5 %

Shares of NASDAQ:LIN opened at $476.00 on Tuesday. Linde plc has a 1 year low of $373.69 and a 1 year high of $487.49. The company has a market cap of $227.29 billion, a PE ratio of 36.23, a P/E/G ratio of 3.00 and a beta of 0.94. The company has a debt-to-equity ratio of 0.43, a current ratio of 0.95 and a quick ratio of 0.80. The stock’s 50-day moving average is $472.59 and its 200 day moving average is $451.36.

Linde (NASDAQ:LIN) last announced its quarterly earnings results on Friday, August 2nd. The basic materials company reported $3.85 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $3.79 by $0.06. Linde had a return on equity of 17.92% and a net margin of 19.49%. The company had revenue of $8.30 billion for the quarter, compared to the consensus estimate of $8.30 billion. During the same quarter in the previous year, the business earned $3.57 EPS. Linde’s revenue was up 1.2% compared to the same quarter last year. Sell-side analysts anticipate that Linde plc will post 15.52 EPS for the current year.

Wall Street Analysts Forecast Growth

LIN has been the subject of several research analyst reports. UBS Group dropped their price target on Linde from $490.00 to $475.00 and set a “neutral” rating for the company in a research note on Tuesday, July 9th. Bank of America lifted their price target on Linde from $495.00 to $516.00 and gave the stock a “buy” rating in a research note on Monday, August 5th. Barclays lifted their price target on Linde from $460.00 to $510.00 and gave the stock an “overweight” rating in a research note on Monday, August 5th. Citigroup lifted their price target on Linde from $470.00 to $480.00 and gave the stock a “neutral” rating in a research note on Friday, July 12th. Finally, JPMorgan Chase & Co. lifted their price target on Linde from $430.00 to $480.00 and gave the stock an “overweight” rating in a research note on Monday, August 5th. Six research analysts have rated the stock with a hold rating and seven have assigned a buy rating to the stock. Based on data from MarketBeat, Linde has an average rating of “Moderate Buy” and a consensus price target of $484.18.

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.