Acorn Wealth Advisors LLC Boosts Stake in Linde plc (NASDAQ:LIN)

Acorn Wealth Advisors LLC lifted its holdings in Linde plc (NASDAQ:LIN) by 9.4% during the fourth quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 618 shares of the basic materials company’s stock after buying an additional 53 shares during the period. Acorn Wealth Advisors LLC’s holdings in Linde were worth $259,000 at the end of the most recent reporting period.

Several other institutional investors also recently modified their holdings of LIN. Synergy Asset Management LLC purchased a new position in Linde in the fourth quarter worth $25,000. Strategic Financial Concepts LLC bought a new stake in shares of Linde during the 4th quarter worth $28,000. Global Wealth Strategies & Associates boosted its holdings in shares of Linde by 144.8% in the 4th quarter. Global Wealth Strategies & Associates now owns 71 shares of the basic materials company’s stock worth $30,000 after buying an additional 42 shares during the last quarter. Retirement Wealth Solutions LLC bought a new position in Linde during the fourth quarter valued at about $34,000. Finally, Kozak & Associates Inc. increased its holdings in Linde by 38.6% during the fourth quarter. Kozak & Associates Inc. now owns 97 shares of the basic materials company’s stock worth $40,000 after buying an additional 27 shares during the last quarter. 82.80% of the stock is owned by institutional investors.

Insider Activity

In other Linde news, Director Robert L. Wood sold 2,900 shares of Linde stock in a transaction that occurred on Monday, February 10th. The shares were sold at an average price of $456.26, for a total transaction of $1,323,154.00. Following the completion of the sale, the director now directly owns 14,013 shares in the company, valued at $6,393,571.38. The trade was a 17.15 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, VP Juergen Nowicki sold 6,782 shares of the business’s stock in a transaction that occurred on Thursday, February 20th. The stock was sold at an average price of $459.62, for a total transaction of $3,117,142.84. Following the completion of the transaction, the vice president now directly owns 14,765 shares of the company’s stock, valued at approximately $6,786,289.30. This represents a 31.48 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 16,285 shares of company stock worth $7,423,986 in the last three months. Corporate insiders own 0.60% of the company’s stock.

Linde Stock Up 2.0 %

Shares of NASDAQ LIN opened at $467.49 on Wednesday. The company has a quick ratio of 0.76, a current ratio of 0.89 and a debt-to-equity ratio of 0.39. The company has a market cap of $222.60 billion, a P/E ratio of 34.35, a P/E/G ratio of 3.08 and a beta of 0.94. Linde plc has a 52 week low of $410.69 and a 52 week high of $487.49. The business has a 50-day simple moving average of $438.23 and a two-hundred day simple moving average of $454.70.

Linde (NASDAQ:LIN) last released its quarterly earnings data on Thursday, February 6th. The basic materials company reported $3.97 EPS for the quarter, beating 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 anticipate that Linde plc will post 16.54 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

A number of research firms have weighed in on LIN. Citigroup dropped their target price on shares of Linde from $490.00 to $480.00 and set a “neutral” rating on the stock in a research note on Wednesday, December 18th. Erste Group Bank reiterated a “hold” rating on shares of Linde in a research note on Tuesday, November 19th. TD Cowen raised Linde from a “hold” rating to a “buy” rating and raised their target price for the stock from $480.00 to $515.00 in a research report on Monday, January 13th. Mizuho upped their price target on Linde from $520.00 to $530.00 and gave the company an “outperform” rating in a research report on Friday, November 1st. Finally, BMO Capital Markets lifted their price objective on Linde from $477.00 to $507.00 and gave the stock an “outperform” rating in a report on Friday, November 1st. 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, Linde has a consensus rating of “Moderate Buy” and a consensus target price of $501.82.

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.