Linde plc (NASDAQ:LIN) Shares Purchased by Greystone Financial Group LLC

Greystone Financial Group LLC raised its stake in Linde plc (NASDAQ:LIN) by 804.2% during the fourth quarter, HoldingsChannel reports. The institutional investor owned 18,202 shares of the basic materials company’s stock after purchasing an additional 16,189 shares during the quarter. Greystone Financial Group LLC’s holdings in Linde were worth $7,621,000 at the end of the most recent quarter.

Other hedge funds also recently bought and sold shares of the company. Synergy Asset Management LLC purchased a new stake in shares of Linde in the 4th quarter valued at approximately $25,000. Strategic Financial Concepts LLC acquired a new stake in Linde in the 4th quarter valued at approximately $28,000. Global Wealth Strategies & Associates raised its position in 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 purchasing an additional 42 shares during the period. Retirement Wealth Solutions LLC acquired a new position in Linde during the fourth quarter worth $34,000. Finally, Kozak & Associates Inc. boosted its position in shares of Linde by 38.6% during the fourth quarter. Kozak & Associates Inc. now owns 97 shares of the basic materials company’s stock worth $40,000 after buying an additional 27 shares during the period. Hedge funds and other institutional investors own 82.80% of the company’s stock.

Insider Transactions at Linde

In other news, VP Guillermo Bichara sold 4,385 shares of the business’s stock in a transaction that occurred on Wednesday, December 4th. The shares were sold at an average price of $460.73, for a total transaction of $2,020,301.05. Following the completion of the sale, the vice president now owns 22,776 shares in the company, valued at approximately $10,493,586.48. The trade was a 16.14 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, VP David P. Strauss sold 2,218 shares of the stock in a transaction on 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 directly owns 25,926 shares in the company, valued at $11,260,958.10. This trade represents a 7.88 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last ninety days, insiders sold 16,285 shares of company stock valued at $7,423,986. 0.60% of the stock is currently owned by corporate insiders.

Linde Trading Down 0.8 %

NASDAQ LIN opened at $458.00 on Friday. Linde plc has a 52 week low of $410.69 and a 52 week high of $487.49. The firm has a 50 day moving average of $436.88 and a two-hundred day moving average of $454.33. The company has a quick ratio of 0.76, a current ratio of 0.89 and a debt-to-equity ratio of 0.39. The stock has a market capitalization of $218.08 billion, a PE ratio of 33.65, a price-to-earnings-growth ratio of 3.08 and a beta of 0.94.

Linde (NASDAQ:LIN) last released its quarterly earnings data on Thursday, February 6th. The basic materials company reported $3.97 earnings per share (EPS) 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%. As a group, research analysts expect that Linde plc will post 16.54 EPS for the current fiscal year.

Analyst Ratings Changes

LIN has been the topic of several research analyst reports. Citigroup cut their price objective on Linde from $490.00 to $480.00 and set a “neutral” rating on the stock in a report on Wednesday, December 18th. Deutsche Bank Aktiengesellschaft boosted their price target 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. Mizuho increased their price target on shares of Linde from $520.00 to $530.00 and gave the stock an “outperform” rating in a research report on Friday, November 1st. Erste Group Bank restated a “hold” rating on shares of Linde in a report on Tuesday, November 19th. Finally, BMO Capital Markets increased their target price on shares of Linde from $477.00 to $507.00 and gave the stock an “outperform” rating in a report on Friday, November 1st. Four equities 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.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $501.82.

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.