Wilkinson Global Asset Management LLC Acquires 5,645 Shares of Linde PLC $LIN

Wilkinson Global Asset Management LLC boosted its stake in Linde PLC (NASDAQ:LIN) by 5.1% during the 3rd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 116,934 shares of the basic materials company’s stock after purchasing an additional 5,645 shares during the quarter. Linde comprises approximately 3.5% of Wilkinson Global Asset Management LLC’s holdings, making the stock its 11th largest holding. Wilkinson Global Asset Management LLC’s holdings in Linde were worth $55,544,000 as of its most recent filing with the Securities & Exchange Commission.

Other large investors have also recently made changes to their positions in the company. Darwin Wealth Management LLC purchased a new position in Linde in the second quarter valued at about $25,000. Marquette Asset Management LLC acquired a new position in shares of Linde during the 3rd quarter worth approximately $27,000. YANKCOM Partnership increased its stake in 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 last quarter. Guerra Advisors Inc acquired a new stake in shares of Linde during the third quarter worth about $30,000. Finally, Albion Financial Group UT increased its stake in shares of Linde by 87.8% during the third quarter. Albion Financial Group UT now owns 77 shares of the basic materials company’s stock worth $37,000 after buying an additional 36 shares during the period. 82.80% of the stock is currently owned by institutional investors.

Linde Stock Up 0.4%

Shares of NASDAQ:LIN opened at $456.97 on Monday. The company has a current ratio of 0.82, a quick ratio of 0.69 and a debt-to-equity ratio of 0.46. The firm has a market cap of $213.38 billion, a price-to-earnings ratio of 30.61, a PEG ratio of 3.20 and a beta of 0.84. The stock’s 50-day moving average price is $425.82 and its two-hundred day moving average price is $447.74. Linde PLC has a 12-month low of $387.78 and a 12-month high of $486.38.

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

Analysts Set New Price Targets

A number of research analysts have recently issued reports on the company. Mizuho set a $495.00 target price on Linde in a report on Thursday, December 11th. CICC Research assumed coverage on shares of Linde in a research note on Wednesday, December 3rd. They issued an “outperform” rating and a $510.00 price objective on the stock. Citigroup raised their target price on shares of Linde from $520.00 to $540.00 and gave the stock a “buy” rating in a research note on Wednesday, January 21st. 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. Finally, Weiss Ratings reissued a “hold (c+)” rating on shares of Linde in a report on Monday, December 29th. One investment analyst has rated the stock with a Strong Buy rating, six have issued a Buy rating and one has assigned a Hold rating to the company’s stock. According to MarketBeat, the company has an average rating of “Buy” and an average price target 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.