Linde plc (NASDAQ:LIN) Shares Purchased by Allspring Global Investments Holdings LLC

Allspring Global Investments Holdings LLC boosted its position in shares of Linde plc (NASDAQ:LIN) by 2.8% in the fourth quarter, HoldingsChannel.com reports. The fund owned 69,527 shares of the basic materials company’s stock after acquiring an additional 1,915 shares during the quarter. Allspring Global Investments Holdings LLC’s holdings in Linde were worth $28,796,000 as of its most recent filing with the SEC.

Several other large investors have also added to or reduced their stakes in the company. AMF Tjanstepension AB raised its holdings in shares of Linde by 108.7% during the third quarter. AMF Tjanstepension AB now owns 784,477 shares of the basic materials company’s stock worth $374,086,000 after purchasing an additional 408,659 shares during the last quarter. Creative Planning raised its stake in shares of Linde by 16.8% during the 3rd quarter. Creative Planning now owns 60,292 shares of the basic materials company’s stock valued at $28,751,000 after buying an additional 8,659 shares during the last quarter. Good Life Advisors LLC acquired a new position in shares of Linde in the 3rd quarter valued at about $255,000. Global Retirement Partners LLC boosted its stake in shares of Linde by 5.8% in the third quarter. Global Retirement Partners LLC now owns 4,185 shares of the basic materials company’s stock worth $1,995,000 after buying an additional 230 shares during the last quarter. Finally, Teamwork Financial Advisors LLC acquired a new stake in Linde during the third quarter worth about $282,000. Hedge funds and other institutional investors own 82.80% of the company’s stock.

Analysts Set New Price Targets

A number of brokerages have issued reports on LIN. Erste Group Bank reissued a “hold” rating on shares of Linde in a report on Tuesday, November 19th. TD Cowen raised shares of Linde from a “hold” rating to a “buy” rating and increased their price target for the stock from $480.00 to $515.00 in a report on Monday, January 13th. Deutsche Bank Aktiengesellschaft lifted their price objective on shares of Linde from $510.00 to $515.00 and gave the company a “buy” rating in a report on Friday, November 1st. Citigroup dropped their target price on Linde from $490.00 to $480.00 and set a “neutral” rating on the stock in a research report on Wednesday, December 18th. Finally, Mizuho upped their price target on Linde from $520.00 to $530.00 and gave the stock an “outperform” rating in a report on Friday, November 1st. Four research analysts have rated the stock with a hold rating and nine have issued a buy rating to the stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $501.82.

Insider Transactions at Linde

In other news, VP David P. Strauss sold 2,218 shares of Linde stock in a transaction 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 transaction, the vice president now owns 25,926 shares in the company, valued at $11,260,958.10. The trade was a 7.88 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, Director Paula Rosput Reynolds acquired 100 shares of the company’s stock in a transaction that occurred on Thursday, December 12th. The stock was purchased at an average cost of $441.34 per share, with a total value of $44,134.00. Following the acquisition, the director now directly owns 233 shares of the company’s stock, valued at $102,832.22. This trade represents a 75.19 % increase in their position. The disclosure for this purchase can be found here. Insiders have sold a total of 9,503 shares of company stock worth $4,306,843 in the last ninety days. Insiders own 0.60% of the company’s stock.

Linde Stock Down 0.9 %

NASDAQ LIN opened at $457.00 on Friday. The business has a fifty day moving average price of $434.82 and a 200 day moving average price of $453.99. 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 $217.61 billion, a P/E ratio of 33.58, a P/E/G ratio of 2.89 and a beta of 0.94. Linde plc has a one year low of $410.69 and a one year high of $487.49.

Linde (NASDAQ:LIN) last posted its quarterly earnings results on Thursday, February 6th. The basic materials company reported $3.97 earnings per share for the quarter, topping the consensus estimate of $3.93 by $0.04. Linde had a net margin of 19.89% and a return on equity of 18.71%. Research analysts anticipate that Linde plc will post 16.55 EPS for the current fiscal year.

About Linde

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.