Portfolio Design Labs LLC Acquires 2,547 Shares of Linde plc (NASDAQ:LIN)

Portfolio Design Labs LLC boosted its holdings in shares of Linde plc (NASDAQ:LIN) by 49.0% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 7,749 shares of the basic materials company’s stock after acquiring an additional 2,547 shares during the quarter. Portfolio Design Labs LLC’s holdings in Linde were worth $3,244,000 at the end of the most recent quarter.

Other institutional investors also recently modified their holdings of the company. Helios Capital Management PTE. Ltd. boosted its stake in shares of Linde by 85.2% in the 4th quarter. Helios Capital Management PTE. Ltd. now owns 2,500 shares of the basic materials company’s stock valued at $1,047,000 after purchasing an additional 1,150 shares during the last quarter. Channel Wealth LLC boosted its stake in shares of Linde by 30.4% in the 4th quarter. Channel Wealth LLC now owns 7,385 shares of the basic materials company’s stock valued at $3,092,000 after purchasing an additional 1,723 shares during the last quarter. Nordea Investment Management AB boosted its stake in shares of Linde by 2.2% in the 4th quarter. Nordea Investment Management AB now owns 2,145,643 shares of the basic materials company’s stock valued at $898,188,000 after purchasing an additional 46,843 shares during the last quarter. M&T Bank Corp lifted its position in shares of Linde by 6.7% during the 3rd 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. Finally, SYM FINANCIAL Corp acquired a new position in shares of Linde during the 4th quarter valued at $625,000. 82.80% of the stock is owned by institutional investors.

Analysts Set New Price Targets

A number of research analysts recently issued reports on LIN shares. BMO Capital Markets boosted their target price 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. Erste Group Bank reiterated a “hold” rating on shares of Linde in a research report on Tuesday, November 19th. Mizuho boosted their target price on shares of Linde from $520.00 to $530.00 and gave the company an “outperform” rating in a research report on Friday, November 1st. Deutsche Bank Aktiengesellschaft boosted their target price on shares of Linde from $510.00 to $515.00 and gave the company a “buy” rating in a research report on Friday, November 1st. Finally, TD Cowen upgraded shares of Linde from a “hold” rating to a “buy” rating and boosted their target price for the company from $480.00 to $515.00 in a research report on Monday, January 13th. Four investment analysts have rated the stock with a hold rating and nine have issued a buy rating to the company’s stock. According to data from MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus target price of $501.82.

Linde Stock Performance

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. The company’s fifty day moving average price is $434.39 and its two-hundred day moving average price is $453.79. Linde plc has a 1-year low of $410.69 and a 1-year high of $487.49. The company has a market cap of $219.39 billion, a price-to-earnings ratio of 33.85, a PEG ratio of 2.89 and a beta of 0.94.

Linde (NASDAQ:LIN) last released its quarterly earnings data on Thursday, February 6th. The basic materials company reported $3.97 earnings per share for the quarter, topping the consensus estimate of $3.93 by $0.04. Linde had a net margin of 19.89% and a return on equity of 18.71%. On average, analysts expect that Linde plc will post 16.55 EPS for the current fiscal year.

Insider Activity

In other news, VP Guillermo Bichara sold 4,385 shares of the stock in a transaction dated Wednesday, December 4th. The shares were sold at an average price of $460.73, for a total value of $2,020,301.05. Following the completion of the sale, the vice president now owns 22,776 shares in the company, valued at $10,493,586.48. This represents a 16.14 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, Director Paula Rosput Reynolds bought 100 shares of the stock in a transaction dated Thursday, December 12th. The stock was purchased at an average price of $441.34 per share, with a total value of $44,134.00. Following the acquisition, the director now owns 233 shares of the company’s stock, valued at $102,832.22. The trade was a 75.19 % increase in their ownership of the stock. The disclosure for this purchase can be found here. 0.60% of the stock is currently owned by corporate insiders.

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.