Linde plc (NASDAQ:LIN) Shares Purchased by Lester Murray Antman dba SimplyRich

Lester Murray Antman dba SimplyRich raised its holdings in Linde plc (NASDAQ:LIN) by 1.5% in the fourth quarter, Holdings Channel.com reports. The fund owned 2,173 shares of the basic materials company’s stock after acquiring an additional 33 shares during the period. Lester Murray Antman dba SimplyRich’s holdings in Linde were worth $909,000 at the end of the most recent reporting period.

Several other large investors also recently made changes to their positions in LIN. AMF Tjanstepension AB grew its position in Linde by 108.7% in the third quarter. AMF Tjanstepension AB now owns 784,477 shares of the basic materials company’s stock worth $374,086,000 after buying an additional 408,659 shares during the last quarter. Carnegie Investment Counsel boosted its stake in shares of Linde by 2.2% during the 3rd quarter. Carnegie Investment Counsel now owns 1,570 shares of the basic materials company’s stock worth $749,000 after acquiring an additional 34 shares in the last quarter. Exchange Traded Concepts LLC grew its holdings in shares of Linde by 52.6% in the 3rd quarter. Exchange Traded Concepts LLC now owns 5,556 shares of the basic materials company’s stock worth $2,649,000 after acquiring an additional 1,916 shares during the last quarter. Sapient Capital LLC raised its position in shares of Linde by 2.5% during the third quarter. Sapient Capital LLC now owns 2,638 shares of the basic materials company’s stock worth $1,258,000 after purchasing an additional 65 shares during the period. Finally, Grove Bank & Trust lifted its holdings in shares of Linde by 10.2% during the third quarter. Grove Bank & Trust now owns 389 shares of the basic materials company’s stock valued at $185,000 after purchasing an additional 36 shares during the last quarter. Institutional investors own 82.80% of the company’s stock.

Wall Street Analyst Weigh In

A number of equities analysts recently weighed in on the company. Erste Group Bank reissued a “hold” rating on shares of Linde in a research note on Tuesday, November 19th. Citigroup dropped their target price on shares of Linde from $490.00 to $480.00 and set a “neutral” rating on the stock in a research report on Wednesday, December 18th. BMO Capital Markets upped their price target on shares of Linde from $477.00 to $507.00 and gave the company an “outperform” rating in a research report on Friday, November 1st. Deutsche Bank Aktiengesellschaft raised 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. Finally, TD Cowen upgraded Linde from a “hold” rating to a “buy” rating and increased their target price for the company from $480.00 to $515.00 in a report on Monday, January 13th. Four equities research analysts have rated the stock with a hold rating and nine have issued a buy rating to the stock. According to MarketBeat, Linde presently has a consensus rating of “Moderate Buy” and an average target price of $501.82.

Insiders Place Their Bets

In other news, Director Paula Rosput Reynolds purchased 100 shares of the company’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 directly owns 233 shares in the company, valued at $102,832.22. This trade represents a 75.19 % increase in their position. The purchase was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, VP David P. Strauss sold 2,218 shares of the business’s stock in a transaction on Monday, December 16th. The stock was 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 of the company’s stock, valued at $11,260,958.10. The trade was a 7.88 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders own 0.60% of the company’s stock.

Linde Trading Down 0.0 %

NASDAQ LIN opened at $460.74 on Wednesday. The company has a current ratio of 0.89, a quick ratio of 0.81 and a debt-to-equity ratio of 0.39. Linde plc has a 1-year low of $410.69 and a 1-year high of $487.49. The firm’s fifty day simple moving average is $434.39 and its 200-day simple moving average is $453.79. The company has a market capitalization of $219.39 billion, a PE ratio of 33.85, a price-to-earnings-growth ratio of 2.89 and a beta of 0.94.

Linde (NASDAQ:LIN) last posted its quarterly 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%. As a group, sell-side analysts anticipate that Linde plc will post 16.55 earnings per share for the current fiscal year.

Linde 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.