WBH Advisory Inc. Invests $733,000 in Linde plc (NASDAQ:LIN)

WBH Advisory Inc. acquired a new position in shares of Linde plc (NASDAQ:LIN) in the fourth quarter, HoldingsChannel reports. The institutional investor acquired 1,751 shares of the basic materials company’s stock, valued at approximately $733,000.

A number of other institutional investors also recently made changes to their positions in the company. Pinnacle Wealth Management Advisory Group LLC raised its position in shares of Linde by 7.0% in the fourth quarter. Pinnacle Wealth Management Advisory Group LLC now owns 2,485 shares of the basic materials company’s stock valued at $1,040,000 after buying an additional 162 shares in the last quarter. Valmark Advisers Inc. raised its position in shares of Linde by 1.6% in the fourth quarter. Valmark Advisers Inc. now owns 4,130 shares of the basic materials company’s stock valued at $1,729,000 after buying an additional 67 shares in the last quarter. Blue Zone Wealth Advisors LLC raised its position in shares of Linde by 175.3% in the fourth quarter. Blue Zone Wealth Advisors LLC now owns 9,483 shares of the basic materials company’s stock valued at $3,970,000 after buying an additional 6,038 shares in the last quarter. Strategic Financial Concepts LLC acquired a new stake in shares of Linde in the fourth quarter valued at approximately $28,000. Finally, Allworth Financial LP raised its position in shares of Linde by 25.7% in the fourth quarter. Allworth Financial LP now owns 8,808 shares of the basic materials company’s stock valued at $3,899,000 after buying an additional 1,800 shares in the last quarter. Institutional investors own 82.80% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of equities research analysts have recently weighed in on LIN shares. Mizuho lifted their price target 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. Citigroup lowered their price objective on shares of Linde from $490.00 to $480.00 and set a “neutral” rating for the company in a research report on Wednesday, December 18th. Deutsche Bank Aktiengesellschaft boosted their price objective 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. Erste Group Bank restated a “hold” rating on shares of Linde in a research report on Tuesday, November 19th. Finally, BMO Capital Markets boosted their price objective 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. Four investment analysts have rated the stock with a hold rating and nine have given a buy rating to the company’s stock. According to data from MarketBeat, the stock 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 $457.00 on Tuesday. The company has a fifty day moving average of $434.82 and a 200-day moving average of $454.01. The company has a market capitalization of $217.61 billion, a PE ratio of 33.58, a price-to-earnings-growth ratio of 2.89 and a beta of 0.94. The company has a debt-to-equity ratio of 0.39, a quick ratio of 0.81 and a current ratio of 0.89. Linde plc has a 52-week low of $410.69 and a 52-week high of $487.49.

Linde (NASDAQ:LIN) last issued 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, equities analysts predict that Linde plc will post 16.55 EPS for the current fiscal year.

Insider Buying and Selling

In other Linde news, VP David P. Strauss sold 2,218 shares of the company’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 sale, the vice president now owns 25,926 shares of the company’s stock, valued at approximately $11,260,958.10. This represents a 7.88 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, Director Paula Rosput Reynolds purchased 100 shares of the business’s stock in a transaction on Thursday, December 12th. The shares were purchased at an average cost of $441.34 per share, for a total transaction of $44,134.00. Following the transaction, the director now directly owns 233 shares of the company’s stock, valued at approximately $102,832.22. The trade was a 75.19 % increase in their position. The disclosure for this purchase can be found here. Insiders have sold a total of 9,503 shares of company stock valued at $4,306,843 over the last 90 days. 0.60% of the stock is owned by insiders.

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.