Cutter & CO Brokerage Inc. Raises Stock Holdings in Linde plc (NASDAQ:LIN)

Cutter & CO Brokerage Inc. boosted its stake in shares of Linde plc (NASDAQ:LIN) by 2.2% during the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 33,358 shares of the basic materials company’s stock after acquiring an additional 717 shares during the quarter. Linde makes up approximately 3.4% of Cutter & CO Brokerage Inc.’s holdings, making the stock its 7th biggest holding. Cutter & CO Brokerage Inc.’s holdings in Linde were worth $13,966,000 as of its most recent SEC filing.

Other hedge funds have also recently added to or reduced their stakes in the company. Synergy Asset Management LLC bought a new stake in Linde during the 4th quarter worth about $25,000. Strategic Financial Concepts LLC bought a new position in shares of Linde in the 4th quarter valued at about $28,000. Global Wealth Strategies & Associates boosted its stake in shares of Linde by 144.8% in 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 in the 4th quarter valued at about $34,000. Finally, Kozak & Associates Inc. boosted its stake in shares of Linde by 38.6% in 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. Institutional investors own 82.80% of the company’s stock.

Analyst Upgrades and Downgrades

Several brokerages have recently issued reports on LIN. Deutsche Bank Aktiengesellschaft raised their target price on shares of Linde from $510.00 to $515.00 and gave the company a “buy” rating in a research note on Friday, November 1st. Mizuho raised their target price on shares of Linde from $520.00 to $530.00 and gave the company an “outperform” rating in a research note on Friday, November 1st. BMO Capital Markets raised their target price on shares of Linde from $477.00 to $507.00 and gave the company an “outperform” rating in a research note on Friday, November 1st. TD Cowen upgraded shares of Linde from a “hold” rating to a “buy” rating and increased their price target for the company from $480.00 to $515.00 in a research report on Monday, January 13th. Finally, Erste Group Bank reiterated a “hold” rating on shares of Linde in a research report on Tuesday, November 19th. Four analysts have rated the stock with a hold rating and nine have issued a buy rating to the stock. Based on data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average price target of $501.82.

Insider Buying and Selling at Linde

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 shares were sold at an average price of $460.73, for a total transaction of $2,020,301.05. Following the completion of the sale, the vice president now owns 22,776 shares of the company’s stock, valued at $10,493,586.48. This trade represents a 16.14 % decrease in their position. The sale was disclosed in a filing with the SEC, which is available through this link. Also, VP Juergen Nowicki sold 6,782 shares of the firm’s stock in a transaction that occurred on Thursday, February 20th. The stock was sold at an average price of $459.62, for a total transaction of $3,117,142.84. Following the sale, the vice president now directly owns 14,765 shares of the company’s stock, valued at approximately $6,786,289.30. This trade represents a 31.48 % decrease in their position. The disclosure for this sale can be found here. In the last 90 days, insiders sold 16,285 shares of company stock valued at $7,423,986. 0.60% of the stock is currently owned by company insiders.

Linde Stock Up 2.0 %

LIN stock opened at $467.49 on Wednesday. The firm has a 50-day moving average price of $438.23 and a 200-day moving average price of $454.70. The stock has a market capitalization of $222.60 billion, a P/E ratio of 34.35, a price-to-earnings-growth ratio of 3.08 and a beta of 0.94. Linde plc has a 12 month low of $410.69 and a 12 month 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.

Linde (NASDAQ:LIN) last released its 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%. As a group, equities research analysts anticipate that Linde plc will post 16.54 EPS for the current fiscal year.

Linde Company 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.