579 Shares in Linde plc (NASDAQ:LIN) Acquired by Sunpointe LLC

Sunpointe LLC bought a new position in shares of Linde plc (NASDAQ:LIN) during the 4th quarter, according to its most recent 13F filing with the SEC. The firm bought 579 shares of the basic materials company’s stock, valued at approximately $242,000.

A number of other institutional investors have also recently bought and sold shares of the stock. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC raised its holdings in shares of Linde by 372.8% during the third 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 acquiring an additional 2,592,682 shares during the period. International Assets Investment Management LLC increased its holdings in Linde by 47,830.2% during the 3rd quarter. International Assets Investment Management LLC now owns 936,076 shares of the basic materials company’s stock worth $446,377,000 after purchasing an additional 934,123 shares in the last quarter. Assenagon Asset Management S.A. raised its stake 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 purchasing an additional 749,763 shares during the period. AMF Tjanstepension AB lifted its holdings in shares of Linde by 108.7% in the third quarter. AMF Tjanstepension AB now owns 784,477 shares of the basic materials company’s stock valued at $374,086,000 after purchasing an additional 408,659 shares in the last quarter. Finally, KBC Group NV boosted its position in shares of Linde by 131.6% during the third quarter. KBC Group NV now owns 621,444 shares of the basic materials company’s stock worth $296,342,000 after buying an additional 353,136 shares during the period. Institutional investors own 82.80% of the company’s stock.

Linde Trading Down 0.8 %

Linde stock opened at $462.07 on Thursday. The stock has a 50-day simple moving average of $435.96 and a 200 day simple moving average of $454.18. The stock has a market capitalization of $220.02 billion, a P/E ratio of 33.95, a PEG ratio of 3.11 and a beta of 0.94. The company has a debt-to-equity ratio of 0.39, a quick ratio of 0.76 and a current ratio of 0.89. Linde plc has a 52 week low of $410.69 and a 52 week high of $487.49.

Linde (NASDAQ:LIN) last posted its earnings results on Thursday, February 6th. The basic materials company reported $3.97 earnings per share for the quarter, topping analysts’ consensus estimates of $3.93 by $0.04. Linde had a return on equity of 18.71% and a net margin of 19.89%. Analysts expect that Linde plc will post 16.54 earnings per share for the current year.

Insider Activity

In other news, Director Paula Rosput Reynolds bought 100 shares of the firm’s stock in a transaction dated Thursday, December 12th. The shares were bought at an average price of $441.34 per share, with a total value of $44,134.00. Following the completion of the transaction, 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 ownership of the stock. The purchase was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, VP David P. Strauss sold 2,218 shares of the stock in a transaction that occurred on Monday, December 16th. The stock was sold at an average price of $434.35, for a total value of $963,388.30. Following the transaction, the vice president now owns 25,926 shares in the company, valued at approximately $11,260,958.10. This trade represents a 7.88 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 9,503 shares of company stock valued at $4,306,843 over the last ninety days. 0.60% of the stock is currently owned by company insiders.

Analysts Set New Price Targets

LIN has been the topic of a number of recent research reports. BMO Capital Markets lifted their target price on Linde from $477.00 to $507.00 and gave the company an “outperform” rating in a research report on Friday, November 1st. Mizuho boosted their price objective 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 reaffirmed a “hold” rating on shares of Linde in a research report on Tuesday, November 19th. TD Cowen upgraded shares of Linde from a “hold” rating to a “buy” rating and lifted their price target for the company from $480.00 to $515.00 in a research note on Monday, January 13th. Finally, Deutsche Bank Aktiengesellschaft increased their price objective 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. Four equities research analysts have rated the stock with a hold rating and nine have issued a buy rating to the stock. According to data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $501.82.

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.