Nichols & Pratt Advisers LLP MA Buys 1,900 Shares of Linde PLC $LIN

Nichols & Pratt Advisers LLP MA increased its holdings in shares of Linde PLC (NASDAQ:LIN) by 3.3% during the third quarter, Holdings Channel reports. The fund owned 60,121 shares of the basic materials company’s stock after purchasing an additional 1,900 shares during the period. Linde makes up about 1.8% of Nichols & Pratt Advisers LLP MA’s portfolio, making the stock its 21st biggest position. Nichols & Pratt Advisers LLP MA’s holdings in Linde were worth $28,557,000 as of its most recent SEC filing.

A number of other large investors also recently modified their holdings of LIN. Darwin Wealth Management LLC acquired a new stake in shares of Linde during the second quarter worth $25,000. Marquette Asset Management LLC bought a new stake in Linde during the 3rd quarter worth approximately $27,000. YANKCOM Partnership raised its holdings in shares of Linde by 195.2% during the third quarter. YANKCOM Partnership now owns 62 shares of the basic materials company’s stock worth $29,000 after acquiring an additional 41 shares during the period. Guerra Advisors Inc bought a new stake in shares of Linde in the third quarter valued at about $30,000. Finally, Albion Financial Group UT boosted its position in Linde by 87.8% during the 3rd quarter. Albion Financial Group UT now owns 77 shares of the basic materials company’s stock worth $37,000 after acquiring an additional 36 shares during the last quarter. 82.80% of the stock is currently owned by institutional investors and hedge funds.

Linde Trading Up 0.7%

NASDAQ:LIN opened at $460.16 on Tuesday. The firm has a 50-day moving average price of $426.87 and a two-hundred day moving average price of $447.73. The firm has a market cap of $214.87 billion, a price-to-earnings ratio of 30.82, a price-to-earnings-growth ratio of 3.20 and a beta of 0.84. Linde PLC has a 52 week low of $387.78 and a 52 week high of $486.38. The company has a debt-to-equity ratio of 0.46, a quick ratio of 0.69 and a current ratio of 0.82.

Linde (NASDAQ:LIN) last issued its earnings results on Friday, October 31st. The basic materials company reported $4.21 earnings per share (EPS) for the quarter, beating the consensus estimate of $4.18 by $0.03. Linde had a return on equity of 19.38% and a net margin of 21.17%.The firm had revenue of $8.62 billion for the quarter, compared to analyst estimates of $8.62 billion. During the same period in the previous year, the company posted $3.94 earnings per share. The business’s revenue was up 2.9% on a year-over-year basis. On average, equities analysts expect that Linde PLC will post 16.54 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

A number of research analysts have weighed in on the company. BMO Capital Markets set a $501.00 price target on Linde in a research note on Wednesday, December 17th. CICC Research started coverage on Linde in a report on Wednesday, December 3rd. They issued an “outperform” rating and a $510.00 price objective on the stock. Royal Bank Of Canada lowered their target price on shares of Linde from $540.00 to $490.00 and set an “outperform” rating on the stock in a report on Friday, December 12th. Citigroup boosted their price target on Linde from $520.00 to $540.00 and gave the company a “buy” rating in a research note on Wednesday, January 21st. Finally, Mizuho set a $495.00 price objective on Linde in a research report on Thursday, December 11th. One equities research analyst has rated the stock with a Strong Buy rating, six have given a Buy rating and one has given a Hold rating to the stock. According to data from MarketBeat.com, the company presently has an average rating of “Buy” and a consensus target price of $501.75.

Linde Company Profile

Linde (NASDAQ: LIN) is a multinational industrial gases and engineering company that supplies gases, related technologies and services to a wide range of industries. The company traces its current form to the 2018 combination of Germany’s Linde AG and U.S.-based Praxair, creating one of the largest global providers of industrial, specialty and medical gases. Linde’s business model centers on production, processing and distribution of gases as well as the design and construction of the plants and equipment needed to produce them.

Core products and services include atmospheric and process gases such as oxygen, nitrogen and argon; hydrogen and helium; carbon dioxide; and a portfolio of higher?value specialty and electronic gases.