1,014 Shares in Linde plc (NASDAQ:LIN) Bought by Golden State Wealth Management LLC

Golden State Wealth Management LLC bought a new position in shares of Linde plc (NASDAQ:LIN) in the 4th quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund bought 1,014 shares of the basic materials company’s stock, valued at approximately $425,000.

Other hedge funds and other institutional investors have also added to or reduced their stakes in the company. Helios Capital Management PTE. Ltd. grew its holdings in shares of Linde by 85.2% during the fourth quarter. Helios Capital Management PTE. Ltd. now owns 2,500 shares of the basic materials company’s stock worth $1,047,000 after purchasing an additional 1,150 shares in the last quarter. Channel Wealth LLC lifted its position in Linde by 30.4% during the fourth 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 grew its stake in 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 worth $898,188,000 after buying an additional 46,843 shares in the last quarter. M&T Bank Corp increased its holdings in shares of Linde by 6.7% in the 3rd quarter. M&T Bank Corp now owns 79,472 shares of the basic materials company’s stock worth $37,898,000 after buying an additional 5,021 shares during the last quarter. Finally, SYM FINANCIAL Corp purchased a new stake in shares of Linde during the 4th quarter valued at $625,000. 82.80% of the stock is currently owned by hedge funds and other institutional investors.

Insider Buying and Selling at Linde

In other Linde news, VP David P. Strauss sold 2,218 shares of the business’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 transaction, the vice president now directly owns 25,926 shares of the company’s stock, valued at approximately $11,260,958.10. The trade was a 7.88 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, VP Guillermo Bichara sold 4,385 shares of the company’s stock in a transaction on Wednesday, December 4th. The stock was sold at an average price of $460.73, for a total transaction of $2,020,301.05. Following the completion of the transaction, the vice president now owns 22,776 shares of the company’s stock, valued at $10,493,586.48. This trade 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 currently owned by corporate insiders.

Wall Street Analyst Weigh In

Several research analysts recently issued reports on the stock. Deutsche Bank Aktiengesellschaft upped their target price on shares of Linde from $510.00 to $515.00 and gave the stock a “buy” rating in a research report on Friday, November 1st. Mizuho upped their price objective on Linde from $520.00 to $530.00 and gave the stock an “outperform” rating in a report on Friday, November 1st. BMO Capital Markets raised their price objective on Linde from $477.00 to $507.00 and gave the company an “outperform” rating in a 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, TD Cowen raised shares of Linde from a “hold” rating to a “buy” rating and lifted their price target for the stock from $480.00 to $515.00 in a research note on Monday, January 13th. Four equities research 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.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $501.82.

Linde Stock Down 1.2 %

Shares of NASDAQ LIN opened at $455.05 on Friday. The company has a market cap of $216.68 billion, a price-to-earnings ratio of 34.55, a PEG ratio of 2.77 and a beta of 0.94. 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’s fifty day moving average is $434.48 and its 200 day moving average is $453.49. Linde plc has a 52 week low of $410.69 and a 52 week high of $487.49.

Linde (NASDAQ:LIN) last released its quarterly earnings data on Thursday, February 6th. The basic materials company reported $3.97 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $3.93 by $0.04. Linde had a net margin of 19.33% and a return on equity of 18.16%. On average, equities research analysts expect that Linde plc will post 15.45 earnings per share for the current year.

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.