Guyasuta Investment Advisors Inc. Grows Stock Holdings in Linde plc (NASDAQ:LIN)

Guyasuta Investment Advisors Inc. increased its stake in shares of Linde plc (NASDAQ:LIN) by 0.2% during the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 91,147 shares of the basic materials company’s stock after buying an additional 193 shares during the period. Linde comprises 2.4% of Guyasuta Investment Advisors Inc.’s portfolio, making the stock its 15th largest holding. Guyasuta Investment Advisors Inc.’s holdings in Linde were worth $38,160,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in the business. Synergy Asset Management LLC acquired a new position in shares of Linde in the fourth quarter valued at approximately $25,000. Strategic Financial Concepts LLC acquired a new position in shares of Linde in the fourth quarter valued at approximately $28,000. Global Wealth Strategies & Associates increased its position in Linde by 144.8% during the fourth quarter. Global Wealth Strategies & Associates now owns 71 shares of the basic materials company’s stock worth $30,000 after purchasing an additional 42 shares during the last quarter. Kozak & Associates Inc. acquired a new position in Linde during the third quarter worth approximately $34,000. Finally, Retirement Wealth Solutions LLC acquired a new position in Linde during the fourth quarter worth approximately $34,000. Institutional investors and hedge funds own 82.80% of the company’s stock.

Linde Stock Performance

Shares of LIN opened at $457.00 on Friday. The firm has a 50-day moving average price of $434.67 and a 200 day moving average price of $453.94. The firm has a market capitalization of $217.61 billion, a PE ratio of 33.58, a P/E/G ratio of 2.89 and a beta of 0.94. The company has a quick ratio of 0.81, a current ratio of 0.89 and a debt-to-equity ratio of 0.39. Linde plc has a 52-week low of $410.69 and a 52-week high of $487.49.

Linde (NASDAQ:LIN) last announced its earnings results on Thursday, February 6th. The basic materials company reported $3.97 earnings per share (EPS) 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%. On average, sell-side analysts anticipate that Linde plc will post 16.55 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

LIN has been the subject of several research analyst reports. TD Cowen raised shares of Linde from a “hold” rating to a “buy” rating and upped their price target for the stock from $480.00 to $515.00 in a research report on Monday, January 13th. Mizuho boosted their price objective on shares of Linde from $520.00 to $530.00 and gave the stock an “outperform” rating in a research note on Friday, November 1st. 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 research note on Wednesday, December 18th. Deutsche Bank Aktiengesellschaft boosted their price objective on shares of Linde from $510.00 to $515.00 and gave the stock a “buy” rating in a research note on Friday, November 1st. Finally, BMO Capital Markets boosted their price objective 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. 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, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $501.82.

Insider Activity at Linde

In other news, VP David P. Strauss sold 2,218 shares of the firm’s stock in a transaction dated Monday, December 16th. The shares were 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 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 transaction was disclosed in a document filed with the SEC, which is accessible through this link. Also, Director Robert L. Wood sold 2,900 shares of the firm’s stock in a transaction dated Monday, February 10th. The shares were sold at an average price of $456.26, for a total transaction of $1,323,154.00. Following the transaction, the director now owns 14,013 shares of the company’s stock, valued at approximately $6,393,571.38. This trade represents a 17.15 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 9,503 shares of company stock worth $4,306,843 in the last 90 days. Corporate insiders own 0.60% of the company’s stock.

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.