Linde plc (NASDAQ:LIN) is Heirloom Wealth Management’s 10th Largest Position

Heirloom Wealth Management raised its stake in Linde plc (NASDAQ:LIN) by 6.9% in the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 28,168 shares of the basic materials company’s stock after acquiring an additional 1,828 shares during the quarter. Linde makes up 3.5% of Heirloom Wealth Management’s portfolio, making the stock its 10th biggest holding. Heirloom Wealth Management’s holdings in Linde were worth $11,793,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors and hedge funds have also made changes to their positions in LIN. Kozak & Associates Inc. purchased a new position in Linde in the 3rd quarter valued at about $34,000. Global Wealth Strategies & Associates raised its position in shares of 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 buying an additional 42 shares during the last quarter. Retirement Wealth Solutions LLC purchased a new position in shares of Linde during the fourth quarter valued at approximately $34,000. Capital Performance Advisors LLP acquired a new stake in Linde during the third quarter worth approximately $43,000. Finally, Voisard Asset Management Group Inc. grew its stake in Linde by 1,733.3% in the 3rd quarter. Voisard Asset Management Group Inc. now owns 110 shares of the basic materials company’s stock worth $53,000 after acquiring an additional 104 shares during the period. 82.80% of the stock is currently owned by hedge funds and other institutional investors.

Insider Activity

In other Linde news, Director Paula Rosput Reynolds bought 100 shares of the company’s stock in a transaction dated Thursday, December 12th. The shares were acquired at an average cost of $441.34 per share, with a total value of $44,134.00. Following the completion of the transaction, the director now owns 233 shares in the company, valued at $102,832.22. The trade was a 75.19 % increase in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, VP David P. Strauss sold 2,218 shares of the stock in a transaction dated Monday, December 16th. The shares were sold at an average price of $434.35, for a total value 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 $11,260,958.10. This represents a 7.88 % decrease in their position. The disclosure for this sale can be found here. Insiders own 0.60% of the company’s stock.

Analyst Ratings Changes

A number of brokerages have weighed in on LIN. Deutsche Bank Aktiengesellschaft increased their price target on Linde from $510.00 to $515.00 and gave the stock a “buy” rating in a research note on Friday, November 1st. Mizuho increased their target price on Linde from $520.00 to $530.00 and gave the stock an “outperform” rating in a research report on Friday, November 1st. Citigroup lowered their price target on Linde from $490.00 to $480.00 and set a “neutral” rating for the company in a report on Wednesday, December 18th. TD Cowen upgraded shares of Linde from a “hold” rating to a “buy” rating and increased their price objective for the stock from $480.00 to $515.00 in a report on Monday, January 13th. Finally, Erste Group Bank reissued 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 assigned a buy rating to the company. Based on data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average price target of $501.82.

Linde Price Performance

LIN opened at $439.25 on Monday. Linde plc has a 52-week low of $396.07 and a 52-week high of $487.49. The company has a 50 day moving average of $435.45 and a two-hundred day moving average of $453.33. The company has a market cap of $209.15 billion, a P/E ratio of 33.35, a P/E/G ratio of 2.74 and a beta of 0.94. The company has a quick ratio of 0.81, a current ratio of 0.96 and a debt-to-equity ratio of 0.43.

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