Brentview Investment Management LLC Makes New Investment in Linde plc (NASDAQ:LIN)

Brentview Investment Management LLC purchased a new position in Linde plc (NASDAQ:LIN) in the fourth quarter, Holdings Channel.com reports. The institutional investor purchased 11,991 shares of the basic materials company’s stock, valued at approximately $5,020,000. Linde accounts for 2.9% of Brentview Investment Management LLC’s holdings, making the stock its 11th largest holding.

Other large investors have also bought and sold shares of the company. Synergy Asset Management LLC acquired a new position in shares of Linde during the fourth quarter valued at about $25,000. Global Wealth Strategies & Associates grew its holdings in shares of Linde by 144.8% during the fourth quarter. Global Wealth Strategies & Associates now owns 71 shares of the basic materials company’s stock valued at $30,000 after buying an additional 42 shares during the last quarter. Kozak & Associates Inc. acquired a new position in shares of Linde during the third quarter valued at about $34,000. Retirement Wealth Solutions LLC acquired a new position in shares of Linde during the fourth quarter valued at about $34,000. Finally, Hanson & Doremus Investment Management grew its holdings in shares of Linde by 34.2% during the fourth quarter. Hanson & Doremus Investment Management now owns 98 shares of the basic materials company’s stock valued at $41,000 after buying an additional 25 shares during the last quarter. 82.80% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

A number of research analysts recently weighed in on LIN shares. Citigroup dropped their price target on shares of Linde from $490.00 to $480.00 and set a “neutral” rating on the stock in a research report on Wednesday, December 18th. TD Cowen raised shares of Linde from a “hold” rating to a “buy” rating and raised their price target for the company from $480.00 to $515.00 in a research report on Monday, January 13th. Deutsche Bank Aktiengesellschaft raised their price target 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 reissued a “hold” rating on shares of Linde in a research report on Tuesday, November 19th. Finally, BMO Capital Markets raised their price target 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 analysts have rated the stock with a hold rating and nine have issued a buy rating to the stock. Based on data from MarketBeat, Linde has a consensus rating of “Moderate Buy” and an average price target of $501.82.

Insider Activity

In other 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 owns 233 shares in the company, valued at approximately $102,832.22. The trade was a 75.19 % increase in their ownership of the stock. The purchase was disclosed in a legal filing with the SEC, which is available through this link. Also, VP David P. Strauss sold 2,218 shares of the business’s stock in a transaction that occurred 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 transaction, the vice president now directly owns 25,926 shares of the company’s stock, valued at approximately $11,260,958.10. This represents a 7.88 % decrease in their position. The disclosure for this sale can be found here. Insiders own 0.60% of the company’s stock.

Linde Stock Performance

NASDAQ LIN opened at $446.12 on Monday. The company’s 50 day moving average is $434.54 and its 200-day moving average is $453.28. Linde plc has a 12-month low of $396.07 and a 12-month high of $487.49. The company has a quick ratio of 0.81, a current ratio of 0.96 and a debt-to-equity ratio of 0.43. The firm has a market cap of $212.42 billion, a P/E ratio of 33.87, a price-to-earnings-growth ratio of 2.77 and a beta of 0.94.

Linde (NASDAQ:LIN) last posted its quarterly earnings results 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. Linde had a net margin of 19.33% and a return on equity of 18.16%. The company had revenue of $8.36 billion for the quarter, compared to analyst estimates of $8.39 billion. During the same quarter in the previous year, the firm posted $3.63 earnings per share. The company’s quarterly revenue was up 1.9% compared to the same quarter last year. Sell-side analysts predict that Linde plc will post 15.45 earnings per share for the current year.

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.