Linde plc (NASDAQ:LIN) Shares Bought by Soltis Investment Advisors LLC

Soltis Investment Advisors LLC lifted its holdings in shares of Linde plc (NASDAQ:LIN) by 14.0% during the 4th quarter, HoldingsChannel.com reports. The fund owned 555 shares of the basic materials company’s stock after buying an additional 68 shares during the period. Soltis Investment Advisors LLC’s holdings in Linde were worth $233,000 as of its most recent SEC filing.

A number of other institutional investors have also recently added to or reduced their stakes in LIN. Synergy Asset Management LLC purchased a new stake in shares of Linde during the fourth quarter valued at approximately $25,000. Strategic Financial Concepts LLC acquired a new stake in Linde during the 4th quarter valued at $28,000. Global Wealth Strategies & Associates increased its stake in Linde by 144.8% during the 4th quarter. Global Wealth Strategies & Associates now owns 71 shares of the basic materials company’s stock worth $30,000 after buying an additional 42 shares during the period. Kozak & Associates Inc. acquired a new position in Linde in the 3rd quarter worth $34,000. Finally, Retirement Wealth Solutions LLC purchased a new position in Linde in the 4th quarter valued at about $34,000. 82.80% of the stock is owned by hedge funds and other institutional investors.

Insider Buying and Selling

In other Linde news, VP Guillermo Bichara sold 4,385 shares of the company’s stock in a transaction dated Wednesday, December 4th. The shares were sold at an average price of $460.73, for a total value of $2,020,301.05. Following the completion of the transaction, the vice president now owns 22,776 shares in the company, valued at approximately $10,493,586.48. This represents a 16.14 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, VP David P. Strauss sold 2,218 shares of the firm’s stock in a transaction that occurred 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 sale, 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 disclosure for this sale can be found here. Company insiders own 0.60% of the company’s stock.

Analyst Upgrades and Downgrades

LIN has been the topic of a number of analyst reports. Deutsche Bank Aktiengesellschaft lifted their target price on Linde from $510.00 to $515.00 and gave the stock a “buy” rating in a research report on Friday, November 1st. Mizuho lifted their price objective on Linde from $520.00 to $530.00 and gave the stock an “outperform” rating in a report on Friday, November 1st. Citigroup reduced their target price 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 upgraded shares of Linde from a “hold” rating to a “buy” rating and lifted their price target for the stock from $480.00 to $515.00 in a research note on Monday, January 13th. 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 issued a buy rating to the company’s stock. Based on data from MarketBeat.com, Linde currently has an average rating of “Moderate Buy” and a consensus target price of $501.82.

Linde Stock Down 0.0 %

Shares of NASDAQ:LIN opened at $460.74 on Wednesday. Linde plc has a 1-year low of $410.69 and a 1-year high of $487.49. The company’s fifty day moving average is $434.39 and its two-hundred day moving average is $453.79. 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 stock has a market capitalization of $219.39 billion, a price-to-earnings ratio of 33.85, a price-to-earnings-growth ratio of 2.89 and a beta of 0.94.

Linde (NASDAQ:LIN) last issued 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%. Equities analysts anticipate that Linde plc will post 16.55 EPS for the current 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.