Linde plc (NASDAQ:LIN) is Norris Perne & French LLP MI’s 8th Largest Position

Norris Perne & French LLP MI lowered its holdings in Linde plc (NASDAQ:LIN) by 0.7% during the 4th quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 82,344 shares of the basic materials company’s stock after selling 568 shares during the period. Linde makes up 2.5% of Norris Perne & French LLP MI’s investment portfolio, making the stock its 8th largest position. Norris Perne & French LLP MI’s holdings in Linde were worth $34,475,000 as of its most recent SEC filing.

Other hedge funds also recently made changes to their positions in the company. Channel Wealth LLC increased its position in Linde by 30.4% during 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 period. Nordea Investment Management AB lifted its position in Linde by 2.2% during the fourth quarter. Nordea Investment Management AB now owns 2,145,643 shares of the basic materials company’s stock valued at $898,188,000 after buying an additional 46,843 shares during the period. M&T Bank Corp boosted its holdings 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 buying an additional 5,021 shares in the last quarter. Townsquare Capital LLC grew its position in shares of Linde by 16.8% in the 3rd quarter. Townsquare Capital LLC now owns 9,604 shares of the basic materials company’s stock worth $4,580,000 after buying an additional 1,383 shares during the period. Finally, Sumitomo Mitsui DS Asset Management Company Ltd lifted its position 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 valued at $26,215,000 after acquiring an additional 2,312 shares during the period. 82.80% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

LIN has been the topic of several recent research reports. TD Cowen upgraded Linde from a “hold” rating to a “buy” rating and upped their price target for the stock from $480.00 to $515.00 in a research note on Monday, January 13th. Erste Group Bank reaffirmed a “hold” rating on shares of Linde in a report on Tuesday, November 19th. Citigroup cut their price target on Linde from $490.00 to $480.00 and set a “neutral” rating for the company in a research note 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. Finally, Mizuho boosted their price objective on Linde from $520.00 to $530.00 and gave the company an “outperform” rating in a research note on Friday, November 1st. Four analysts have rated the stock with a hold rating and nine have issued a buy rating to the company’s stock. Based on data from MarketBeat.com, Linde has an average rating of “Moderate Buy” and a consensus target price of $501.82.

Linde Stock Up 1.8 %

Shares of LIN opened at $446.38 on Friday. The business’s 50 day simple moving average is $434.86 and its 200-day simple moving average is $453.22. Linde plc has a 1 year low of $396.07 and a 1 year high of $487.49. The company has a debt-to-equity ratio of 0.43, a current ratio of 0.96 and a quick ratio of 0.81. The stock has a market capitalization of $212.55 billion, a price-to-earnings ratio of 33.89, a price-to-earnings-growth ratio of 2.72 and a beta of 0.94.

Linde (NASDAQ:LIN) last posted its quarterly earnings data on Thursday, October 31st. The basic materials company reported $3.94 earnings per share (EPS) for the quarter, beating the consensus estimate of $3.89 by $0.05. The business had revenue of $8.36 billion during the quarter, compared to analyst estimates 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% on a year-over-year basis. During the same period last year, the company earned $3.63 EPS. As a group, equities analysts expect that Linde plc will post 15.45 earnings per share for the current fiscal year.

Insider Buying and Selling

In other Linde news, Director Paula Rosput Reynolds acquired 100 shares of Linde stock in a transaction that occurred on Thursday, December 12th. The stock was bought at an average price of $441.34 per share, with a total value of $44,134.00. Following the completion of the purchase, the director now directly owns 233 shares of the company’s stock, valued at approximately $102,832.22. This represents a 75.19 % increase in their position. The purchase was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, VP Guillermo Bichara sold 4,385 shares of Linde stock in a transaction on 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 transaction, 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 disclosure for this sale can be found here. 0.60% of the stock is owned by insiders.

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.