Atria Wealth Solutions Inc. Purchases 449 Shares of Linde plc (NASDAQ:LIN)

Atria Wealth Solutions Inc. grew its position in Linde plc (NASDAQ:LIN) by 3.6% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 12,886 shares of the basic materials company’s stock after purchasing an additional 449 shares during the quarter. Atria Wealth Solutions Inc.’s holdings in Linde were worth $5,395,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds have also modified their holdings of the company. Venturi Wealth Management LLC boosted its position in shares of Linde by 2.2% in the fourth quarter. Venturi Wealth Management LLC now owns 5,109 shares of the basic materials company’s stock worth $2,139,000 after purchasing an additional 112 shares during the period. Empower Advisory Group LLC boosted its position in shares of Linde by 3.6% during the fourth quarter. Empower Advisory Group LLC now owns 178,514 shares of the basic materials company’s stock worth $74,739,000 after acquiring an additional 6,210 shares during the last quarter. Truist Financial Corp boosted its position in shares of Linde by 3.0% during the fourth quarter. Truist Financial Corp now owns 110,611 shares of the basic materials company’s stock worth $46,310,000 after acquiring an additional 3,229 shares during the last quarter. CIBC Asset Management Inc boosted its position in shares of Linde by 1.3% during the fourth quarter. CIBC Asset Management Inc now owns 271,042 shares of the basic materials company’s stock worth $113,366,000 after acquiring an additional 3,572 shares during the last quarter. Finally, Americana Partners LLC boosted its position in shares of Linde by 18.9% during the fourth quarter. Americana Partners LLC now owns 19,061 shares of the basic materials company’s stock worth $7,980,000 after acquiring an additional 3,024 shares during the last quarter. 82.80% of the stock is currently owned by institutional investors.

Linde Price Performance

Linde stock opened at $462.07 on Thursday. The firm has a 50-day moving average price of $435.96 and a 200-day moving average price of $454.18. The firm has a market capitalization of $220.02 billion, a PE ratio of 33.95, a price-to-earnings-growth ratio of 3.05 and a beta of 0.94. The company has a current ratio of 0.89, a quick ratio of 0.76 and a debt-to-equity ratio of 0.39. Linde plc has a 12-month low of $410.69 and a 12-month high of $487.49.

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, topping the consensus estimate of $3.93 by $0.04. Linde had a net margin of 19.89% and a return on equity of 18.71%. As a group, equities research analysts forecast that Linde plc will post 16.54 EPS for the current year.

Wall Street Analysts Forecast Growth

A number of brokerages recently weighed in on LIN. TD Cowen upgraded shares of 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 research report on Monday, January 13th. BMO Capital Markets upped their target price on shares of Linde from $477.00 to $507.00 and gave the stock an “outperform” rating in a research report on Friday, November 1st. Deutsche Bank Aktiengesellschaft upped their target price 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. Mizuho upped their target price on shares of Linde from $520.00 to $530.00 and gave the stock an “outperform” rating in a research report on Friday, November 1st. Finally, Erste Group Bank reiterated a “hold” rating on shares of Linde in a research report on Tuesday, November 19th. Four equities research analysts have rated the stock with a hold rating and nine have issued a buy rating to the company. Based on data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus target price of $501.82.

Insider Activity at Linde

In related news, Director Paula Rosput Reynolds acquired 100 shares of the firm’s stock in a transaction that occurred on Thursday, December 12th. The stock was bought at an average price of $441.34 per share, for a total transaction of $44,134.00. Following the acquisition, the director now directly owns 233 shares of the company’s stock, valued at $102,832.22. This represents a 75.19 % increase in their position. The acquisition was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, VP David P. Strauss sold 2,218 shares of Linde stock in a transaction dated Monday, December 16th. The shares were sold at an average price of $434.35, for a total transaction of $963,388.30. Following the sale, the vice president now owns 25,926 shares of the company’s stock, 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 sold 9,503 shares of company stock worth $4,306,843 in the last 90 days. 0.60% of the stock is owned by corporate insiders.

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.