Linde plc (NASDAQ:LIN) Shares Bought by Venturi Wealth Management LLC

Venturi Wealth Management LLC increased its position in shares of Linde plc (NASDAQ:LIN) by 2.2% during the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 5,109 shares of the basic materials company’s stock after acquiring an additional 112 shares during the quarter. Venturi Wealth Management LLC’s holdings in Linde were worth $2,139,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds and other institutional investors have also recently bought and sold shares of LIN. Empower Advisory Group LLC increased its position in shares of Linde by 3.6% during the 4th quarter. Empower Advisory Group LLC now owns 178,514 shares of the basic materials company’s stock worth $74,739,000 after purchasing an additional 6,210 shares during the last quarter. Truist Financial Corp boosted its stake in Linde by 3.0% during the fourth quarter. Truist Financial Corp now owns 110,611 shares of the basic materials company’s stock worth $46,310,000 after buying an additional 3,229 shares during the period. CIBC Asset Management Inc increased its position in shares of Linde by 1.3% during the fourth quarter. CIBC Asset Management Inc now owns 271,042 shares of the basic materials company’s stock valued at $113,366,000 after acquiring an additional 3,572 shares during the last quarter. Americana Partners LLC raised its stake in shares of Linde by 18.9% in the 4th quarter. Americana Partners LLC now owns 19,061 shares of the basic materials company’s stock valued at $7,980,000 after acquiring an additional 3,024 shares during the period. Finally, Sierra Ocean LLC acquired a new position in shares of Linde in the 4th quarter worth approximately $48,000. 82.80% of the stock is currently owned by institutional investors and hedge funds.

Linde Price Performance

Linde stock opened at $457.00 on Tuesday. The stock has a market cap of $217.61 billion, a P/E ratio of 33.58, a price-to-earnings-growth ratio of 2.89 and a beta of 0.94. The company has a current ratio of 0.89, a quick ratio of 0.81 and a debt-to-equity ratio of 0.39. The company has a fifty day simple moving average of $434.82 and a 200-day simple moving average of $454.01. Linde plc has a 12-month low of $410.69 and a 12-month high of $487.49.

Linde (NASDAQ:LIN) last released its quarterly earnings results on Thursday, February 6th. The basic materials company reported $3.97 EPS for the quarter, topping 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%. Equities analysts expect that Linde plc will post 16.55 EPS for the current fiscal year.

Insider Buying and Selling

In other Linde news, Director Paula Rosput Reynolds bought 100 shares of the company’s stock in a transaction on Thursday, December 12th. The stock was purchased at an average cost of $441.34 per share, for a total transaction of $44,134.00. Following the acquisition, the director now owns 233 shares of the company’s stock, valued at $102,832.22. The trade was a 75.19 % increase in their position. The acquisition was disclosed in a document filed with the SEC, which is available through the SEC website. Also, VP David P. Strauss sold 2,218 shares of the business’s stock in a transaction on Monday, December 16th. The stock was 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 directly owns 25,926 shares of the company’s stock, valued at approximately $11,260,958.10. This trade represents a 7.88 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 9,503 shares of company stock valued at $4,306,843 over the last three months. 0.60% of the stock is currently owned by company insiders.

Analyst Upgrades and Downgrades

Several research firms recently weighed in on LIN. Deutsche Bank Aktiengesellschaft lifted their target price on shares of Linde from $510.00 to $515.00 and gave the company a “buy” rating in a report on Friday, November 1st. Mizuho boosted their price objective on Linde from $520.00 to $530.00 and gave the company an “outperform” rating in a report on Friday, November 1st. BMO Capital Markets raised their target price on Linde from $477.00 to $507.00 and gave the company an “outperform” rating in a report on Friday, November 1st. Citigroup cut their price target on shares of Linde from $490.00 to $480.00 and set a “neutral” rating on the stock in a research note on Wednesday, December 18th. Finally, Erste Group Bank reissued a “hold” rating on shares of Linde in a research note on Tuesday, November 19th. Four analysts have rated the stock with a hold rating and nine have assigned a buy rating to the company’s stock. According to MarketBeat.com, Linde currently has an average rating of “Moderate Buy” and an average price target of $501.82.

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.