McKinley Carter Wealth Services Inc. lifted its position in shares of Linde plc (NASDAQ:LIN – Free Report) by 1.0% in the 4th quarter, Holdings Channel reports. The fund owned 17,759 shares of the basic materials company’s stock after buying an additional 177 shares during the quarter. McKinley Carter Wealth Services Inc.’s holdings in Linde were worth $7,435,000 as of its most recent filing with the SEC.
Other institutional investors and hedge funds also recently made changes to their positions in the company. Channel Wealth LLC boosted its stake in Linde by 30.4% in the 4th quarter. Channel Wealth LLC now owns 7,385 shares of the basic materials company’s stock worth $3,092,000 after purchasing an additional 1,723 shares during the period. Nordea Investment Management AB lifted its holdings in shares of Linde by 2.2% in the fourth quarter. Nordea Investment Management AB now owns 2,145,643 shares of the basic materials company’s stock worth $898,188,000 after buying an additional 46,843 shares in the last quarter. M&T Bank Corp boosted its position in shares of Linde by 6.7% in the third quarter. M&T Bank Corp now owns 79,472 shares of the basic materials company’s stock valued at $37,898,000 after acquiring an additional 5,021 shares during the period. Townsquare Capital LLC grew its stake in Linde by 16.8% during the third quarter. Townsquare Capital LLC now owns 9,604 shares of the basic materials company’s stock valued at $4,580,000 after acquiring an additional 1,383 shares in the last quarter. Finally, Sumitomo Mitsui DS Asset Management Company Ltd increased its holdings in Linde by 4.4% during the 3rd quarter. Sumitomo Mitsui DS Asset Management Company Ltd now owns 54,975 shares of the basic materials company’s stock worth $26,215,000 after acquiring an additional 2,312 shares during the period. Institutional investors own 82.80% of the company’s stock.
Wall Street Analyst Weigh In
Several research analysts have commented on LIN shares. Erste Group Bank reissued a “hold” rating on shares of Linde in a report on Tuesday, November 19th. Citigroup dropped their price objective on Linde from $490.00 to $480.00 and set a “neutral” rating for the company in a research note on Wednesday, December 18th. Mizuho upped their target price on Linde from $520.00 to $530.00 and gave the stock an “outperform” rating in a research note on Friday, November 1st. Deutsche Bank Aktiengesellschaft lifted their price target on Linde from $510.00 to $515.00 and gave the company a “buy” rating in a research report on Friday, November 1st. Finally, BMO Capital Markets upped their price objective on shares of Linde from $477.00 to $507.00 and gave the stock an “outperform” rating in a research report on Friday, November 1st. Four analysts have rated the stock with a hold rating and nine have given a buy rating to the stock. Based on data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $501.82.
Insider Buying and Selling
In other Linde news, VP David P. Strauss sold 2,218 shares of the firm’s stock in a transaction on Monday, December 16th. The shares were sold at an average price of $434.35, for a total value of $963,388.30. Following the sale, the vice president now owns 25,926 shares of the company’s stock, valued at $11,260,958.10. This trade represents a 7.88 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, 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 transaction of $2,020,301.05. Following the transaction, the vice president now directly owns 22,776 shares of the company’s stock, valued at approximately $10,493,586.48. This trade represents a 16.14 % decrease in their ownership of the stock. The disclosure for this sale can be found here. 0.60% of the stock is owned by corporate insiders.
Linde Price Performance
Shares of Linde stock opened at $435.51 on Wednesday. The company has a debt-to-equity ratio of 0.43, a quick ratio of 0.81 and a current ratio of 0.96. Linde plc has a 52-week low of $396.07 and a 52-week high of $487.49. The company has a fifty day moving average of $435.10 and a 200-day moving average of $453.33. The stock has a market capitalization of $207.37 billion, a price-to-earnings ratio of 33.07, a price-to-earnings-growth ratio of 2.74 and a beta of 0.94.
Linde (NASDAQ:LIN – Get Free Report) last announced its quarterly earnings data on Thursday, October 31st. The basic materials company reported $3.94 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $3.89 by $0.05. The firm had revenue of $8.36 billion for the quarter, compared to analysts’ expectations of $8.39 billion. Linde had a return on equity of 18.16% and a net margin of 19.33%. The company’s revenue for the quarter was up 1.9% compared to the same quarter last year. During the same period last year, the firm earned $3.63 earnings per share. Equities research analysts expect that Linde plc will post 15.45 EPS for the current 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.
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