Grimes & Company Inc. Purchases 40 Shares of Linde plc (NASDAQ:LIN)

Grimes & Company Inc. lifted its position in shares of Linde plc (NASDAQ:LIN) by 4.6% in the fourth quarter, HoldingsChannel.com reports. The fund owned 916 shares of the basic materials company’s stock after buying an additional 40 shares during the period. Grimes & Company Inc.’s holdings in Linde were worth $383,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds also recently made changes to their positions in LIN. Global Wealth Strategies & Associates lifted its holdings in shares of Linde by 144.8% in the fourth quarter. Global Wealth Strategies & Associates now owns 71 shares of the basic materials company’s stock worth $30,000 after acquiring an additional 42 shares during the last quarter. Kozak & Associates Inc. bought a new position in Linde in the 3rd quarter valued at approximately $34,000. Retirement Wealth Solutions LLC acquired a new stake in Linde in the fourth quarter valued at approximately $34,000. Capital Performance Advisors LLP bought a new stake in shares of Linde during the third quarter worth $43,000. Finally, Decker Retirement Planning Inc. acquired a new position in shares of Linde during the fourth quarter worth $47,000. Institutional investors own 82.80% of the company’s stock.

Wall Street Analyst Weigh In

LIN has been the subject of a number of recent research reports. Mizuho upped their target price 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 upped their target price on Linde from $477.00 to $507.00 and gave the stock an “outperform” rating in a report on Friday, November 1st. TD Cowen raised Linde from a “hold” rating to a “buy” rating and upped their target price for the stock from $480.00 to $515.00 in a report on Monday, January 13th. Citigroup reduced their target price on shares of Linde from $490.00 to $480.00 and set a “neutral” rating on the stock in a report on Wednesday, December 18th. Finally, Deutsche Bank Aktiengesellschaft boosted their target price on shares of Linde from $510.00 to $515.00 and gave the stock a “buy” rating in a report on Friday, November 1st. Four analysts have rated the stock with a hold rating and nine have issued a buy rating to the company’s stock. According to data from MarketBeat.com, Linde presently has a consensus rating of “Moderate Buy” and an average price target of $501.82.

Insider Activity

In other news, 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 transaction of $963,388.30. Following the completion of the sale, the vice president now owns 25,926 shares in the company, valued at $11,260,958.10. The trade was a 7.88 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, Director Paula Rosput Reynolds acquired 100 shares of Linde stock in a transaction dated Thursday, December 12th. The shares were acquired at an average price of $441.34 per share, with a total value of $44,134.00. Following the completion of the acquisition, the director now directly owns 233 shares of the company’s stock, valued at approximately $102,832.22. The trade was a 75.19 % increase in their ownership of the stock. The disclosure for this purchase can be found here. Company insiders own 0.60% of the company’s stock.

Linde Stock Performance

Shares of Linde stock opened at $439.25 on Monday. The company has a current ratio of 0.96, a quick ratio of 0.81 and a debt-to-equity ratio of 0.43. The business has a 50-day moving average price of $435.45 and a two-hundred day moving average price of $453.20. Linde plc has a 1-year low of $396.07 and a 1-year high of $487.49. The company has a market cap of $209.15 billion, a P/E ratio of 33.35, a PEG ratio of 2.74 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, topping analysts’ consensus estimates of $3.89 by $0.05. The firm had revenue of $8.36 billion for the quarter, compared to analysts’ expectations of $8.39 billion. Linde had a return on equity of 18.16% and a net margin of 19.33%. The company’s revenue for the quarter was up 1.9% compared to the same quarter last year. During the same period in the prior year, the business earned $3.63 EPS. As a group, analysts anticipate that Linde plc will post 15.45 EPS 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.