Linde plc (NASDAQ:LIN) Stock Position Raised by Sargent Investment Group LLC

Sargent Investment Group LLC increased its position in Linde plc (NASDAQ:LIN) by 0.9% in the fourth quarter, according to its most recent 13F filing with the SEC. The firm owned 4,483 shares of the basic materials company’s stock after purchasing an additional 39 shares during the period. Sargent Investment Group LLC’s holdings in Linde were worth $1,889,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Channel Wealth LLC boosted its holdings in shares of Linde by 30.4% during the fourth quarter. Channel Wealth LLC now owns 7,385 shares of the basic materials company’s stock worth $3,092,000 after purchasing an additional 1,723 shares during the period. Nordea Investment Management AB lifted its position in Linde by 2.2% in the 4th quarter. Nordea Investment Management AB now owns 2,145,643 shares of the basic materials company’s stock worth $898,188,000 after buying an additional 46,843 shares in the last quarter. M&T Bank Corp boosted its stake in shares of Linde by 6.7% during the 3rd quarter. M&T Bank Corp now owns 79,472 shares of the basic materials company’s stock valued at $37,898,000 after buying an additional 5,021 shares during the period. Townsquare Capital LLC boosted its stake in shares of Linde by 16.8% during the 3rd quarter. Townsquare Capital LLC now owns 9,604 shares of the basic materials company’s stock valued at $4,580,000 after buying an additional 1,383 shares during the period. Finally, Sumitomo Mitsui DS Asset Management Company Ltd increased its stake in shares of Linde by 4.4% in the third quarter. Sumitomo Mitsui DS Asset Management Company Ltd now owns 54,975 shares of the basic materials company’s stock worth $26,215,000 after acquiring an additional 2,312 shares during the last quarter. 82.80% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

LIN has been the topic of several analyst reports. Erste Group Bank restated a “hold” rating on shares of Linde in a research note on Tuesday, November 19th. Citigroup decreased their price target on Linde from $490.00 to $480.00 and set a “neutral” rating for the company in a research note on Wednesday, December 18th. TD Cowen raised Linde from a “hold” rating to a “buy” rating and raised their price objective for the company from $480.00 to $515.00 in a research note on Monday, January 13th. Deutsche Bank Aktiengesellschaft increased their price target on Linde from $510.00 to $515.00 and gave the company a “buy” rating in a report on Friday, November 1st. Finally, BMO Capital Markets boosted their price objective on shares of Linde from $477.00 to $507.00 and gave the stock an “outperform” rating in a research note on Friday, November 1st. Four analysts have rated the stock with a hold rating and nine have assigned a buy rating to the company’s stock. According to data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average price target of $501.82.

Linde Stock Performance

LIN stock opened at $454.80 on Wednesday. The stock has a market capitalization of $216.56 billion, a PE ratio of 34.53, a price-to-earnings-growth ratio of 2.77 and a beta of 0.94. The company has a debt-to-equity ratio of 0.43, a current ratio of 0.96 and a quick ratio of 0.81. The company has a 50 day moving average price of $434.51 and a 200 day moving average price of $453.37. Linde plc has a fifty-two week low of $396.07 and a fifty-two week high of $487.49.

Insider Buying and Selling

In other news, Director Paula Rosput Reynolds acquired 100 shares of the stock in a transaction that occurred on Thursday, December 12th. The stock was acquired at an average price of $441.34 per share, for a total transaction of $44,134.00. Following the transaction, the director now directly owns 233 shares in the company, valued at approximately $102,832.22. This represents a 75.19 % increase in their ownership of the stock. The purchase was disclosed in a document filed with the SEC, which is available at this link. Also, VP Guillermo Bichara sold 4,385 shares of the stock in a transaction dated Wednesday, December 4th. The stock was sold at an average price of $460.73, for a total value of $2,020,301.05. Following the completion of the sale, the vice president now owns 22,776 shares of the company’s stock, valued at $10,493,586.48. This trade represents a 16.14 % decrease in their ownership of the stock. The disclosure for this sale can be found here. 0.60% of the stock is currently owned by insiders.

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.