Regents Gate Capital LLP Makes New $7.58 Million Investment in Linde plc (NASDAQ:LIN)

Regents Gate Capital LLP bought a new stake in shares of Linde plc (NASDAQ:LIN) in the 4th quarter, Holdings Channel.com reports. The institutional investor bought 18,115 shares of the basic materials company’s stock, valued at approximately $7,584,000. Linde accounts for about 3.0% of Regents Gate Capital LLP’s portfolio, making the stock its 13th biggest holding.

A number of other institutional investors and hedge funds have also made changes to their positions in the stock. Trifecta Capital Advisors LLC raised its position in Linde by 16.9% in the third quarter. Trifecta Capital Advisors LLC now owns 145 shares of the basic materials company’s stock worth $69,000 after purchasing an additional 21 shares in the last quarter. Regent Peak Wealth Advisors LLC grew its stake in shares of Linde by 1.3% in the 3rd quarter. Regent Peak Wealth Advisors LLC now owns 1,831 shares of the basic materials company’s stock valued at $873,000 after purchasing an additional 23 shares during the period. Concord Asset Management LLC VA grew its stake in shares of Linde by 0.5% in the 4th quarter. Concord Asset Management LLC VA now owns 4,774 shares of the basic materials company’s stock valued at $1,999,000 after purchasing an additional 23 shares during the period. CVA Family Office LLC raised its holdings in shares of Linde by 2.9% in the 3rd quarter. CVA Family Office LLC now owns 851 shares of the basic materials company’s stock worth $406,000 after buying an additional 24 shares in the last quarter. Finally, Salomon & Ludwin LLC lifted its position in shares of Linde by 14.3% during the 3rd quarter. Salomon & Ludwin LLC now owns 192 shares of the basic materials company’s stock worth $92,000 after buying an additional 24 shares during the period. 82.80% of the stock is currently owned by institutional investors and hedge funds.

Linde Price Performance

Shares of LIN stock opened at $455.05 on Monday. The company has a quick ratio of 0.81, a current ratio of 0.89 and a debt-to-equity ratio of 0.39. Linde plc has a 12 month low of $410.69 and a 12 month high of $487.49. The firm has a market cap of $216.68 billion, a price-to-earnings ratio of 33.43, a PEG ratio of 2.89 and a beta of 0.94. The stock has a 50-day moving average price of $434.36 and a 200 day moving average price of $453.60.

Linde (NASDAQ:LIN) last posted its quarterly 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%. Research analysts expect that Linde plc will post 16.55 EPS for the current year.

Analyst Ratings Changes

LIN has been the subject of several recent analyst reports. BMO Capital Markets increased their price objective on Linde from $477.00 to $507.00 and gave the stock an “outperform” rating in a research note on Friday, November 1st. TD Cowen upgraded shares of Linde from a “hold” rating to a “buy” rating and increased their target price for the stock from $480.00 to $515.00 in a research report on Monday, January 13th. Mizuho boosted their price target on shares of Linde from $520.00 to $530.00 and gave the company an “outperform” rating in a research report on Friday, November 1st. Erste Group Bank reaffirmed a “hold” rating on shares of Linde in a research note on Tuesday, November 19th. Finally, Citigroup decreased their target price on Linde from $490.00 to $480.00 and set a “neutral” rating on the stock in a report on Wednesday, December 18th. Four research analysts have rated the stock with a hold rating and nine have given a buy rating to the stock. Based on data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average target price of $501.82.

Insider Buying and Selling at Linde

In related news, VP Guillermo Bichara sold 4,385 shares of Linde stock in a transaction that occurred on Wednesday, December 4th. The shares were sold at an average price of $460.73, for a total transaction of $2,020,301.05. Following 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 position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Also, Director Paula Rosput Reynolds acquired 100 shares of the stock in a transaction that occurred on Thursday, December 12th. The stock was purchased at an average price of $441.34 per share, with a total value of $44,134.00. Following the transaction, the director now owns 233 shares in the company, valued at $102,832.22. This represents a 75.19 % increase in their ownership of the stock. The disclosure for this purchase can be found here. Corporate insiders own 0.60% of the company’s stock.

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.