Linde plc (NASDAQ:LIN) Shares Purchased by Lake Street Advisors Group LLC

Lake Street Advisors Group LLC grew its holdings in shares of Linde plc (NASDAQ:LIN) by 3.1% in the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 5,175 shares of the basic materials company’s stock after buying an additional 155 shares during the quarter. Lake Street Advisors Group LLC’s holdings in Linde were worth $2,167,000 at the end of the most recent quarter.

Other large investors also recently made changes to their positions in the company. Wrapmanager Inc. boosted its stake in Linde by 1.3% during the fourth quarter. Wrapmanager Inc. now owns 1,693 shares of the basic materials company’s stock worth $709,000 after buying an additional 22 shares in the last quarter. Concord Asset Management LLC VA raised its stake in shares of Linde by 0.5% in the 4th quarter. Concord Asset Management LLC VA now owns 4,774 shares of the basic materials company’s stock valued at $1,999,000 after buying an additional 23 shares in the last quarter. Salomon & Ludwin LLC lifted its holdings in shares of Linde by 14.3% during the 3rd quarter. Salomon & Ludwin LLC now owns 192 shares of the basic materials company’s stock worth $92,000 after acquiring an additional 24 shares during the period. Fourpath Capital Management LLC boosted its position in shares of Linde by 0.6% during the 4th quarter. Fourpath Capital Management LLC now owns 4,138 shares of the basic materials company’s stock valued at $1,732,000 after acquiring an additional 24 shares in the last quarter. Finally, Romano Brothers AND Company increased its stake in Linde by 1.3% in the fourth quarter. Romano Brothers AND Company now owns 2,009 shares of the basic materials company’s stock valued at $841,000 after acquiring an additional 25 shares during the period. Institutional investors and hedge funds own 82.80% of the company’s stock.

Linde Stock Up 2.0 %

Shares of NASDAQ LIN opened at $467.49 on Wednesday. Linde plc has a 12-month low of $410.69 and a 12-month high of $487.49. The firm’s 50-day simple moving average is $438.23 and its 200 day simple moving average is $454.70. 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 company has a market cap of $222.60 billion, a price-to-earnings ratio of 34.35, a price-to-earnings-growth ratio of 3.08 and a beta of 0.94.

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, topping 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, research analysts expect that Linde plc will post 16.54 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

A number of equities research analysts have weighed in on LIN shares. Mizuho lifted their price objective on Linde from $520.00 to $530.00 and gave the company an “outperform” rating in a report on Friday, November 1st. Citigroup cut their target price on Linde from $490.00 to $480.00 and set a “neutral” rating for the company in a research report on Wednesday, December 18th. Deutsche Bank Aktiengesellschaft upped their price target on Linde from $510.00 to $515.00 and gave the company a “buy” rating in a research report on Friday, November 1st. BMO Capital Markets lifted their price objective on Linde from $477.00 to $507.00 and gave the company an “outperform” rating in a report on Friday, November 1st. Finally, Erste Group Bank reaffirmed a “hold” rating on shares of Linde in a 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, the stock currently has an average rating of “Moderate Buy” and an average price target of $501.82.

Insider Buying and Selling at Linde

In other news, Director Paula Rosput Reynolds acquired 100 shares of the company’s stock in a transaction 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 owns 233 shares of the company’s stock, valued at $102,832.22. This trade represents a 75.19 % increase in their position. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, VP Guillermo Bichara sold 4,385 shares of Linde stock in a transaction that occurred on Wednesday, December 4th. The stock was sold at an average price of $460.73, for a total transaction of $2,020,301.05. Following the sale, the vice president now owns 22,776 shares of the company’s stock, valued at approximately $10,493,586.48. This represents a 16.14 % decrease in their position. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 16,285 shares of company stock worth $7,423,986. 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.