114 Shares in Linde plc (NASDAQ:LIN) Bought by Sierra Ocean LLC

Sierra Ocean LLC acquired a new position in shares of Linde plc (NASDAQ:LIN) during the 4th quarter, Holdings Channel.com reports. The firm acquired 114 shares of the basic materials company’s stock, valued at approximately $48,000.

Several other hedge funds have also added to or reduced their stakes in LIN. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC increased its holdings in Linde by 372.8% during the 3rd quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 3,288,088 shares of the basic materials company’s stock worth $1,567,958,000 after purchasing an additional 2,592,682 shares in the last quarter. International Assets Investment Management LLC grew its holdings in shares of Linde by 47,830.2% in the 3rd quarter. International Assets Investment Management LLC now owns 936,076 shares of the basic materials company’s stock valued at $446,377,000 after acquiring an additional 934,123 shares in the last quarter. Assenagon Asset Management S.A. grew its holdings in shares of Linde by 2,293.0% in the 4th quarter. Assenagon Asset Management S.A. now owns 782,461 shares of the basic materials company’s stock valued at $327,593,000 after acquiring an additional 749,763 shares in the last quarter. AMF Tjanstepension AB grew its holdings in shares of Linde by 108.7% in the 3rd quarter. AMF Tjanstepension AB now owns 784,477 shares of the basic materials company’s stock valued at $374,086,000 after acquiring an additional 408,659 shares in the last quarter. Finally, KBC Group NV grew its holdings in shares of Linde by 131.6% in the 3rd quarter. KBC Group NV now owns 621,444 shares of the basic materials company’s stock valued at $296,342,000 after acquiring an additional 353,136 shares in the last quarter. Institutional investors and hedge funds own 82.80% of the company’s stock.

Linde Trading Down 0.9 %

Shares of Linde stock opened at $457.00 on Tuesday. The company has a market capitalization of $217.61 billion, a price-to-earnings ratio of 33.58, a PEG ratio of 2.89 and a beta of 0.94. The company has a quick ratio of 0.81, a current ratio of 0.89 and a debt-to-equity ratio of 0.39. Linde plc has a 12-month low of $410.69 and a 12-month high of $487.49. The firm’s 50-day moving average price is $434.82 and its two-hundred day moving average price is $454.01.

Linde (NASDAQ:LIN) last announced its quarterly earnings data 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, analysts forecast that Linde plc will post 16.55 earnings per share for the current fiscal year.

Insider Transactions at Linde

In other news, VP Guillermo Bichara sold 4,385 shares of the 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 of the company’s stock, valued at approximately $10,493,586.48. This represents a 16.14 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director Robert L. Wood sold 2,900 shares of the firm’s stock in a transaction that occurred on Monday, February 10th. The shares were sold at an average price of $456.26, for a total transaction of $1,323,154.00. Following the completion of the transaction, the director now owns 14,013 shares of the company’s stock, valued at approximately $6,393,571.38. This trade represents a 17.15 % decrease in their position. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 9,503 shares of company stock valued at $4,306,843. 0.60% of the stock is currently owned by insiders.

Wall Street Analysts Forecast Growth

Several brokerages have recently weighed in on LIN. Deutsche Bank Aktiengesellschaft raised their price objective on Linde from $510.00 to $515.00 and gave the company a “buy” rating in a report on Friday, November 1st. TD Cowen upgraded shares of Linde from a “hold” rating to a “buy” rating and raised their target price for the company from $480.00 to $515.00 in a research note on Monday, January 13th. Mizuho boosted their price target on Linde from $520.00 to $530.00 and gave the stock an “outperform” rating in a research report on Friday, November 1st. BMO Capital Markets raised their price objective on Linde from $477.00 to $507.00 and gave the company an “outperform” rating in a research report on Friday, November 1st. Finally, Citigroup dropped their price target on Linde from $490.00 to $480.00 and set a “neutral” rating on the stock in a research note on Wednesday, December 18th. Four research analysts have rated the stock with a hold rating and nine have given a buy rating to the company. According to MarketBeat, the company has a consensus rating of “Moderate Buy” and an average price target 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.