Empirical Financial Services LLC d.b.a. Empirical Wealth Management grew its holdings in shares of Linde plc (NASDAQ:LIN – Free Report) by 13.1% in the fourth quarter, Holdings Channel.com reports. The firm owned 1,502 shares of the basic materials company’s stock after buying an additional 174 shares during the period. Empirical Financial Services LLC d.b.a. Empirical Wealth Management’s holdings in Linde were worth $629,000 as of its most recent filing with the Securities & Exchange Commission.
A number of other large investors also recently modified their holdings of LIN. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC boosted its position in shares of Linde by 372.8% in 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 valued at $1,567,958,000 after acquiring an additional 2,592,682 shares during the period. International Assets Investment Management LLC raised its stake in Linde by 47,830.2% in the third quarter. International Assets Investment Management LLC now owns 936,076 shares of the basic materials company’s stock valued at $446,377,000 after purchasing an additional 934,123 shares in the last quarter. Assenagon Asset Management S.A. raised its stake in Linde by 2,293.0% in the fourth 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 in the last quarter. AMF Tjanstepension AB raised its stake in 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 raised its stake in Linde by 131.6% in the third quarter. KBC Group NV now owns 621,444 shares of the basic materials company’s stock valued at $296,342,000 after purchasing an additional 353,136 shares in the last quarter. 82.80% of the stock is currently owned by institutional investors.
Wall Street Analyst Weigh In
LIN has been the topic of a number of recent analyst reports. Mizuho raised their target price on shares of Linde from $520.00 to $530.00 and gave the company an “outperform” rating in a research note on Friday, November 1st. TD Cowen raised 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. Citigroup lowered their target price on shares of Linde from $490.00 to $480.00 and set a “neutral” rating on the stock in a research note on Wednesday, December 18th. Deutsche Bank Aktiengesellschaft lifted their price target 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. Finally, Erste Group Bank reissued a “hold” rating on shares of Linde in a research note on Tuesday, November 19th. Four equities research analysts have rated the stock with a hold rating and nine have assigned a buy rating to the company’s stock. Based on data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $501.82.
Linde Stock Down 0.9 %
Shares of NASDAQ LIN opened at $435.51 on Wednesday. The company has a quick ratio of 0.81, a current ratio of 0.96 and a debt-to-equity ratio of 0.43. Linde plc has a 52 week low of $396.07 and a 52 week high of $487.49. The firm’s fifty day moving average is $435.27 and its 200 day moving average is $453.36. The company has a market cap of $207.37 billion, a price-to-earnings ratio of 33.07, a PEG ratio of 2.74 and a beta of 0.94.
Linde (NASDAQ:LIN – Get Free Report) last issued its earnings results on Thursday, October 31st. The basic materials company reported $3.94 EPS for the quarter, topping the consensus estimate of $3.89 by $0.05. Linde had a net margin of 19.33% and a return on equity of 18.16%. The company had revenue of $8.36 billion for the quarter, compared to the consensus estimate of $8.39 billion. During the same period in the previous year, the firm earned $3.63 earnings per share. The firm’s revenue for the quarter was up 1.9% on a year-over-year basis. On average, equities research analysts expect that Linde plc will post 15.45 earnings per share for the current year.
Insider Buying and Selling at Linde
In other Linde news, VP David P. Strauss sold 2,218 shares of the business’s stock in a transaction 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 transaction, the vice president now directly owns 25,926 shares of the company’s stock, valued at approximately $11,260,958.10. The trade was a 7.88 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director Paula Rosput Reynolds acquired 100 shares of Linde stock in a transaction on Thursday, December 12th. The shares were bought at an average cost of $441.34 per share, for a total transaction of $44,134.00. Following the completion of the transaction, the director now owns 233 shares in the company, valued at approximately $102,832.22. This trade represents a 75.19 % increase in their position. The disclosure for this purchase can be found here. Insiders own 0.60% of the company’s stock.
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.
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