Flagship Harbor Advisors LLC Buys 261 Shares of Linde plc (NASDAQ:LIN)

Flagship Harbor Advisors LLC raised its stake in shares of Linde plc (NASDAQ:LIN) by 40.8% during the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 900 shares of the basic materials company’s stock after acquiring an additional 261 shares during the period. Flagship Harbor Advisors LLC’s holdings in Linde were worth $377,000 as of its most recent SEC filing.

Other hedge funds have also recently bought and sold shares of the company. Grimes & Company Inc. lifted its position in shares of Linde by 4.6% during the fourth quarter. Grimes & Company Inc. now owns 916 shares of the basic materials company’s stock valued at $383,000 after purchasing an additional 40 shares in the last quarter. Linden Thomas Advisory Services LLC lifted its position in shares of Linde by 20.6% during the 4th quarter. Linden Thomas Advisory Services LLC now owns 2,121 shares of the basic materials company’s stock worth $888,000 after buying an additional 362 shares in the last quarter. Cyndeo Wealth Partners LLC boosted its stake in shares of Linde by 4.5% in the 4th quarter. Cyndeo Wealth Partners LLC now owns 15,422 shares of the basic materials company’s stock worth $6,457,000 after buying an additional 659 shares during the last quarter. Geneos Wealth Management Inc. bought a new position in shares of Linde in the fourth quarter valued at approximately $927,000. Finally, Cottonwood Capital Advisors LLC increased its position in shares of Linde by 17.8% during the fourth quarter. Cottonwood Capital Advisors LLC now owns 700 shares of the basic materials company’s stock valued at $293,000 after acquiring an additional 106 shares during the last quarter. 82.80% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

A number of research analysts have issued reports on LIN shares. TD Cowen upgraded Linde from a “hold” rating to a “buy” rating and upped their price objective for the company from $480.00 to $515.00 in a research note on Monday, January 13th. Citigroup decreased their price objective on shares of Linde from $490.00 to $480.00 and set a “neutral” rating for the company in a report on Wednesday, December 18th. Mizuho boosted 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 price target 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. Finally, Erste Group Bank reaffirmed a “hold” rating on shares of Linde in a report on Tuesday, November 19th. Four research analysts have rated the stock with a hold rating and nine have issued a buy rating to the company. According to data from MarketBeat, Linde has an average rating of “Moderate Buy” and an average price target of $501.82.

Insider Activity

In other news, VP David P. Strauss sold 2,218 shares of Linde stock in a transaction dated 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 sale, the vice president now owns 25,926 shares in the company, valued at approximately $11,260,958.10. This trade represents a 7.88 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, VP Guillermo Bichara sold 4,385 shares of the company’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 transaction of $2,020,301.05. Following the completion of the transaction, the vice president now owns 22,776 shares in the company, valued at approximately $10,493,586.48. This trade represents a 16.14 % decrease in their ownership of the stock. The disclosure for this sale can be found here. 0.60% of the stock is owned by company insiders.

Linde Trading Down 0.9 %

Shares of LIN stock opened at $435.51 on Wednesday. Linde plc has a 1 year low of $396.07 and a 1 year high of $487.49. The company’s fifty day simple moving average is $435.27 and its two-hundred day simple moving average is $453.36. The company has a debt-to-equity ratio of 0.43, a current ratio of 0.96 and a quick ratio of 0.81. The stock has a market capitalization of $207.37 billion, a price-to-earnings ratio of 33.07, a PEG ratio of 2.74 and a beta of 0.94.

Linde (NASDAQ:LIN) last issued its quarterly earnings data on Thursday, October 31st. The basic materials company reported $3.94 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $3.89 by $0.05. Linde had a return on equity of 18.16% and a net margin of 19.33%. The business had revenue of $8.36 billion for the quarter, compared to analysts’ expectations of $8.39 billion. During the same quarter in the prior year, the firm posted $3.63 EPS. The firm’s quarterly revenue was up 1.9% on a year-over-year basis. As a group, analysts anticipate that Linde plc will post 15.45 earnings per share for the current year.

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.