Ledyard National Bank Grows Position in Linde plc (NASDAQ:LIN)

Ledyard National Bank grew its stake in shares of Linde plc (NASDAQ:LIN) by 41.2% during the 4th quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 4,662 shares of the basic materials company’s stock after purchasing an additional 1,360 shares during the period. Ledyard National Bank’s holdings in Linde were worth $1,952,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also made changes to their positions in LIN. Trifecta Capital Advisors LLC boosted its position in Linde by 16.9% during 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. Quotient Wealth Partners LLC raised its stake in shares of Linde by 0.9% during the 3rd quarter. Quotient Wealth Partners LLC now owns 2,706 shares of the basic materials company’s stock worth $1,290,000 after buying an additional 23 shares during the last quarter. Regent Peak Wealth Advisors LLC raised its stake in shares of Linde by 1.3% during the 3rd quarter. Regent Peak Wealth Advisors LLC now owns 1,831 shares of the basic materials company’s stock worth $873,000 after buying an additional 23 shares during the last quarter. Concord Asset Management LLC VA grew its stake in 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 acquiring an additional 23 shares during the last quarter. Finally, CVA Family Office LLC increased its holdings in Linde by 2.9% during the 3rd quarter. CVA Family Office LLC now owns 851 shares of the basic materials company’s stock valued at $406,000 after acquiring an additional 24 shares in the last quarter. 82.80% of the stock is owned by institutional investors and hedge funds.

Insider Transactions at Linde

In other news, VP Guillermo Bichara sold 4,385 shares of the business’s stock in a transaction dated Wednesday, December 4th. The stock was sold at an average price of $460.73, for a total transaction of $2,020,301.05. Following the completion of the sale, the vice president now owns 22,776 shares in the company, valued at approximately $10,493,586.48. The trade was a 16.14 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, VP David P. Strauss sold 2,218 shares of the firm’s stock in a transaction that occurred on Monday, December 16th. The shares were sold at an average price of $434.35, for a total transaction of $963,388.30. Following the completion of the transaction, 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 position. The disclosure for this sale can be found here. Insiders own 0.60% of the company’s stock.

Wall Street Analyst Weigh In

LIN has been the topic of several recent research reports. Erste Group Bank reaffirmed a “hold” rating on shares of Linde in a report on Tuesday, November 19th. Citigroup reduced their target price on Linde from $490.00 to $480.00 and set a “neutral” rating on the stock in a research note on Wednesday, December 18th. BMO Capital Markets raised their price target on Linde from $477.00 to $507.00 and gave the stock an “outperform” rating in a research report on Friday, November 1st. TD Cowen raised Linde from a “hold” rating to a “buy” rating and boosted their price target for the stock from $480.00 to $515.00 in a report on Monday, January 13th. Finally, Deutsche Bank Aktiengesellschaft increased their price objective on Linde from $510.00 to $515.00 and gave the company a “buy” rating in a research note on Friday, November 1st. Four investment analysts have rated the stock with a hold rating and nine have assigned a buy rating to the company. According to data from MarketBeat.com, Linde currently has a consensus rating of “Moderate Buy” and an average target price of $501.82.

Linde Stock Up 1.5 %

LIN opened at $460.68 on Friday. Linde plc has a 12 month low of $410.69 and a 12 month high of $487.49. The business has a 50-day moving average of $434.41 and a two-hundred day moving average of $453.44. The company has a debt-to-equity ratio of 0.43, a current ratio of 0.96 and a quick ratio of 0.81. The stock has a market capitalization of $219.36 billion, a price-to-earnings ratio of 34.98, a price-to-earnings-growth ratio of 2.77 and a beta of 0.94.

Linde (NASDAQ:LIN) last released its earnings results on Thursday, February 6th. The basic materials company reported $3.97 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $3.93 by $0.04. Linde had a net margin of 19.33% and a return on equity of 18.16%. On average, research analysts expect that Linde plc will post 15.45 earnings per share for the current year.

About Linde

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.