Money Concepts Capital Corp Invests $440,000 in Linde plc (NASDAQ:LIN)

Money Concepts Capital Corp bought a new position in Linde plc (NASDAQ:LIN) during the 4th quarter, Holdings Channel reports. The firm bought 1,052 shares of the basic materials company’s stock, valued at approximately $440,000.

Several other institutional investors and hedge funds have also modified their holdings of LIN. Geode Capital Management LLC raised its position in Linde by 1.4% in the 3rd quarter. Geode Capital Management LLC now owns 10,973,175 shares of the basic materials company’s stock worth $5,217,197,000 after purchasing an additional 154,792 shares during the last quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC raised its position in Linde by 372.8% in the 3rd quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 3,288,088 shares of the basic materials company’s stock worth $1,567,958,000 after purchasing an additional 2,592,682 shares during the last quarter. Charles Schwab Investment Management Inc. raised its position in Linde by 1.7% in the 3rd quarter. Charles Schwab Investment Management Inc. now owns 3,015,882 shares of the basic materials company’s stock worth $1,438,154,000 after purchasing an additional 50,882 shares during the last quarter. Impax Asset Management Group plc raised its position in Linde by 2.4% in the 3rd quarter. Impax Asset Management Group plc now owns 2,374,339 shares of the basic materials company’s stock worth $1,130,986,000 after purchasing an additional 56,775 shares during the last quarter. Finally, Nordea Investment Management AB raised its position in Linde by 2.2% in the 4th quarter. Nordea Investment Management AB now owns 2,145,643 shares of the basic materials company’s stock worth $898,188,000 after purchasing an additional 46,843 shares during the last quarter. 82.80% of the stock is owned by institutional investors and hedge funds.

Insider Activity at Linde

In related news, VP Guillermo Bichara sold 4,385 shares of the company’s stock in a transaction on Wednesday, December 4th. The shares were 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 directly owns 22,776 shares of the company’s stock, valued at approximately $10,493,586.48. This represents a 16.14 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, VP David P. Strauss sold 2,218 shares of the company’s stock in a transaction 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 transaction, the vice president now directly owns 25,926 shares of the company’s stock, valued at approximately $11,260,958.10. The trade was a 7.88 % decrease in their ownership of the stock. The disclosure for this sale can be found here. 0.60% of the stock is owned by corporate insiders.

Linde Price Performance

LIN opened at $460.68 on Friday. The company has a quick ratio of 0.81, a current ratio of 0.96 and a debt-to-equity ratio of 0.43. Linde plc has a 12 month low of $410.69 and a 12 month high of $487.49. The company has a fifty day simple moving average of $434.41 and a 200 day simple moving average of $453.44. The stock has a market cap of $219.36 billion, a P/E ratio of 34.98, a P/E/G ratio of 2.77 and a beta of 0.94.

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 19.33% and a return on equity of 18.16%. On average, research analysts expect that Linde plc will post 15.45 EPS for the current year.

Wall Street Analyst Weigh In

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