Calamos Wealth Management LLC Buys 107 Shares of Linde plc (NASDAQ:LIN)

Calamos Wealth Management LLC boosted its position in Linde plc (NASDAQ:LIN) by 0.3% during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 35,038 shares of the basic materials company’s stock after purchasing an additional 107 shares during the quarter. Linde comprises 0.7% of Calamos Wealth Management LLC’s investment portfolio, making the stock its 26th biggest position. Calamos Wealth Management LLC’s holdings in Linde were worth $14,669,000 at the end of the most recent reporting period.

A number of other institutional investors have also recently made changes to their positions in the stock. Synergy Asset Management LLC bought a new position in shares of Linde in the 4th quarter worth approximately $25,000. Kozak & Associates Inc. purchased a new position in Linde during the 3rd quarter valued at about $34,000. Global Wealth Strategies & Associates boosted its stake in Linde by 144.8% in the fourth quarter. Global Wealth Strategies & Associates now owns 71 shares of the basic materials company’s stock valued at $30,000 after acquiring an additional 42 shares in the last quarter. Retirement Wealth Solutions LLC purchased a new position in Linde in the 4th quarter worth $34,000. Finally, Capital Performance Advisors LLP purchased a new position in Linde during the third quarter valued at approximately $43,000. Institutional investors own 82.80% of the company’s stock.

Analyst Ratings Changes

Several research analysts have recently commented on the company. TD Cowen upgraded Linde from a “hold” rating to a “buy” rating and lifted their price target for the stock from $480.00 to $515.00 in a report on Monday, January 13th. BMO Capital Markets increased their target price on shares of Linde from $477.00 to $507.00 and gave the stock an “outperform” rating in a research note on Friday, November 1st. Erste Group Bank reiterated a “hold” rating on shares of Linde in a research note on Tuesday, November 19th. Citigroup reduced their price objective on shares of Linde from $490.00 to $480.00 and set a “neutral” rating for the company in a research note on Wednesday, December 18th. Finally, Deutsche Bank Aktiengesellschaft upped 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. Four analysts have rated the stock with a hold rating and nine have given a buy rating to the company. According to data from MarketBeat.com, Linde has an average rating of “Moderate Buy” and a consensus price target of $501.82.

Insider Activity

In related news, VP Guillermo Bichara sold 4,385 shares of the business’s stock in a transaction that occurred on Wednesday, December 4th. The shares were 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. The trade was a 16.14 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. Also, VP David P. Strauss sold 2,218 shares of the company’s stock in a transaction on Monday, December 16th. The stock was sold at an average price of $434.35, for a total transaction 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. The trade was a 7.88 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Company insiders own 0.60% of the company’s stock.

Linde Trading Up 1.8 %

Shares of LIN stock opened at $454.21 on Tuesday. Linde plc has a fifty-two week low of $396.07 and a fifty-two week high of $487.49. The firm’s 50 day moving average price is $434.54 and its two-hundred day moving average price is $453.31. The company has a quick ratio of 0.81, a current ratio of 0.96 and a debt-to-equity ratio of 0.43. The stock has a market cap of $216.28 billion, a price-to-earnings ratio of 34.49, a price-to-earnings-growth ratio of 2.77 and a beta of 0.94.

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.