Boston Trust Walden Corp Purchases 169 Shares of Linde plc (NASDAQ:LIN)

Boston Trust Walden Corp boosted its holdings in Linde plc (NASDAQ:LIN) by 3.0% during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 5,718 shares of the basic materials company’s stock after acquiring an additional 169 shares during the quarter. Boston Trust Walden Corp’s holdings in Linde were worth $2,394,000 at the end of the most recent quarter.

Several other institutional investors have also added to or reduced their stakes in LIN. Channel Wealth LLC boosted its position in shares of 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 buying an additional 1,723 shares during the last quarter. Nordea Investment Management AB lifted its stake in Linde by 2.2% during the 4th quarter. Nordea Investment Management AB now owns 2,145,643 shares of the basic materials company’s stock valued at $898,188,000 after acquiring an additional 46,843 shares during the period. M&T Bank Corp boosted its holdings in shares of Linde by 6.7% during the 3rd quarter. M&T Bank Corp now owns 79,472 shares of the basic materials company’s stock valued at $37,898,000 after acquiring an additional 5,021 shares during the last quarter. Townsquare Capital LLC grew its stake in shares of Linde by 16.8% in the third quarter. Townsquare Capital LLC now owns 9,604 shares of the basic materials company’s stock worth $4,580,000 after acquiring an additional 1,383 shares during the period. Finally, Sumitomo Mitsui DS Asset Management Company Ltd grew its stake in shares of Linde by 4.4% in the third quarter. Sumitomo Mitsui DS Asset Management Company Ltd now owns 54,975 shares of the basic materials company’s stock worth $26,215,000 after acquiring an additional 2,312 shares during the period. 82.80% of the stock is currently owned by hedge funds and other institutional investors.

Insider Activity

In other Linde news, Director Paula Rosput Reynolds bought 100 shares of the firm’s stock in a transaction that occurred on Thursday, December 12th. The shares were bought at an average price of $441.34 per share, with a total value of $44,134.00. Following the purchase, the director now owns 233 shares of the company’s stock, valued at $102,832.22. This trade represents a 75.19 % increase in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, VP Guillermo Bichara sold 4,385 shares of the company’s stock in a transaction that occurred on Wednesday, December 4th. The stock was sold at an average price of $460.73, for a total value 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. The trade was a 16.14 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Company insiders own 0.60% of the company’s stock.

Wall Street Analysts Forecast Growth

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

Linde Stock Up 0.1 %

LIN opened at $454.80 on Wednesday. The stock has a market cap of $216.56 billion, a price-to-earnings ratio of 34.53, a price-to-earnings-growth ratio of 2.77 and a beta of 0.94. The company has a debt-to-equity ratio of 0.43, a quick ratio of 0.81 and a current ratio of 0.96. The firm’s fifty day moving average is $434.51 and its 200 day moving average is $453.37. Linde plc has a fifty-two week low of $396.07 and a fifty-two week high of $487.49.

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.