Kingsview Wealth Management LLC Purchases 387 Shares of Linde plc (NASDAQ:LIN)

Kingsview Wealth Management LLC increased its position in shares of Linde plc (NASDAQ:LIN) by 7.4% in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 5,616 shares of the basic materials company’s stock after buying an additional 387 shares during the period. Kingsview Wealth Management LLC’s holdings in Linde were worth $2,351,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also bought and sold shares of the company. Synergy Asset Management LLC bought a new stake in shares of Linde in the fourth quarter valued at approximately $25,000. Strategic Financial Concepts LLC acquired a new stake in Linde in the 4th quarter worth $28,000. Global Wealth Strategies & Associates raised its position in shares of Linde by 144.8% during the fourth quarter. Global Wealth Strategies & Associates now owns 71 shares of the basic materials company’s stock valued at $30,000 after buying an additional 42 shares during the last quarter. Kozak & Associates Inc. bought a new stake in shares of Linde in the third quarter valued at about $34,000. Finally, Retirement Wealth Solutions LLC acquired a new stake in Linde during the fourth quarter worth about $34,000. 82.80% of the stock is currently owned by institutional investors and hedge funds.

Insider Transactions at Linde

In other Linde news, Director Paula Rosput Reynolds bought 100 shares of the business’s stock in a transaction on Thursday, December 12th. The shares were bought at an average cost of $441.34 per share, for a total transaction of $44,134.00. Following the transaction, the director now owns 233 shares in the company, valued at approximately $102,832.22. This trade represents a 75.19 % increase in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, VP David P. Strauss sold 2,218 shares of Linde stock in a transaction that occurred 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 sale, the vice president now owns 25,926 shares of the company’s stock, valued at approximately $11,260,958.10. This represents a 7.88 % decrease in their position. The disclosure for this sale can be found here. 0.60% of the stock is owned by company insiders.

Wall Street Analyst Weigh In

Several analysts have recently weighed in on the company. Mizuho lifted their price objective on Linde from $520.00 to $530.00 and gave the stock an “outperform” rating in a report on Friday, November 1st. Erste Group Bank reaffirmed a “hold” rating on shares of Linde in a report on Tuesday, November 19th. Deutsche Bank Aktiengesellschaft upped 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. Citigroup cut their price target 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, 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. Four research analysts have rated the stock with a hold rating and nine have issued a buy rating to the company. According to MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average price target of $501.82.

Linde Trading Up 1.3 %

Shares of LIN opened at $460.86 on Tuesday. The company has a debt-to-equity ratio of 0.39, a quick ratio of 0.81 and a current ratio of 0.89. The company has a market cap of $219.44 billion, a price-to-earnings ratio of 33.86, a PEG ratio of 2.89 and a beta of 0.94. The stock has a fifty day moving average price of $434.36 and a two-hundred day moving average price of $453.66. Linde plc has a 52-week low of $410.69 and a 52-week high of $487.49.

Linde (NASDAQ:LIN) last released its quarterly 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 return on equity of 18.71% and a net margin of 19.89%. Analysts predict that Linde plc will post 16.55 EPS for the current fiscal 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.