11,644 Shares in Linde plc (NASDAQ:LIN) Purchased by Stonebridge Financial Group LLC

Stonebridge Financial Group LLC bought a new stake in Linde plc (NASDAQ:LIN) during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The fund bought 11,644 shares of the basic materials company’s stock, valued at approximately $4,875,000.

Several other hedge funds have also made changes to their positions in the company. Synergy Asset Management LLC purchased a new stake in shares of Linde during the 4th quarter valued at approximately $25,000. Strategic Financial Concepts LLC acquired a new stake in Linde during the fourth quarter worth $28,000. Global Wealth Strategies & Associates raised its position in Linde by 144.8% in the fourth quarter. Global Wealth Strategies & Associates now owns 71 shares of the basic materials company’s stock valued at $30,000 after purchasing an additional 42 shares during the period. Kozak & Associates Inc. acquired a new position in shares of Linde in the 3rd quarter valued at $34,000. Finally, Retirement Wealth Solutions LLC purchased a new position in shares of Linde during the 4th quarter worth $34,000. Hedge funds and other institutional investors own 82.80% of the company’s stock.

Linde Trading Up 1.3 %

LIN opened at $460.86 on Tuesday. The company has a debt-to-equity ratio of 0.39, a current ratio of 0.89 and a quick ratio of 0.81. The stock has a market capitalization of $219.44 billion, a price-to-earnings ratio of 33.86, a PEG ratio of 2.89 and a beta of 0.94. The business has a fifty day moving average price of $434.36 and a 200 day moving average price of $453.66. Linde plc has a 12 month low of $410.69 and a 12 month high of $487.49.

Linde (NASDAQ:LIN) last released its earnings results on Thursday, February 6th. The basic materials company reported $3.97 earnings per share for the quarter, topping analysts’ consensus estimates of $3.93 by $0.04. Linde had a net margin of 19.89% and a return on equity of 18.71%. Sell-side analysts expect that Linde plc will post 16.55 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

Several analysts recently issued reports on LIN shares. 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 report on Friday, November 1st. TD Cowen upgraded shares of Linde from a “hold” rating to a “buy” rating and upped their price objective for the stock from $480.00 to $515.00 in a report on Monday, January 13th. Deutsche Bank Aktiengesellschaft lifted their target price on shares of Linde from $510.00 to $515.00 and gave the company a “buy” rating in a report on Friday, November 1st. Citigroup decreased their price target on Linde from $490.00 to $480.00 and set a “neutral” rating on the stock in a research note on Wednesday, December 18th. Finally, Erste Group Bank reaffirmed a “hold” rating on shares of Linde in a research note on Tuesday, November 19th. Four analysts have rated the stock with a hold rating and nine have assigned a buy rating to the company’s stock. According to data from MarketBeat, the company has an average rating of “Moderate Buy” and a consensus target price of $501.82.

Insider Buying and Selling at Linde

In other Linde news, Director Paula Rosput Reynolds acquired 100 shares of the company’s stock in a transaction dated Thursday, December 12th. The shares were acquired at an average price of $441.34 per share, for a total transaction of $44,134.00. Following the acquisition, the director now owns 233 shares in the company, valued at $102,832.22. The trade was a 75.19 % increase in their position. The purchase was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, VP David P. Strauss sold 2,218 shares of the business’s stock in a transaction that occurred on Monday, December 16th. The stock was sold at an average price of $434.35, for a total value 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. The trade was 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 Company 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.