Emerald Advisors LLC Has $234,000 Position in Linde plc (NASDAQ:LIN)

Emerald Advisors LLC grew its holdings in shares of Linde plc (NASDAQ:LIN) by 7.5% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 559 shares of the basic materials company’s stock after acquiring an additional 39 shares during the period. Emerald Advisors LLC’s holdings in Linde were worth $234,000 as of its most recent SEC filing.

Several other hedge funds have also recently made changes to their positions in LIN. Synergy Asset Management LLC bought a new position in Linde during the fourth quarter worth $25,000. Global Wealth Strategies & Associates raised its holdings in shares of Linde by 144.8% during the fourth quarter. Global Wealth Strategies & Associates now owns 71 shares of the basic materials company’s stock valued at $30,000 after purchasing an additional 42 shares during the period. Retirement Wealth Solutions LLC bought a new position in shares of Linde during the 4th quarter worth about $34,000. Capital Performance Advisors LLP acquired a new stake in shares of Linde in the 3rd quarter valued at about $43,000. Finally, Kozak & Associates Inc. increased its position in Linde by 38.6% in the 4th quarter. Kozak & Associates Inc. now owns 97 shares of the basic materials company’s stock valued at $40,000 after buying an additional 27 shares in the last quarter. 82.80% of the stock is owned by institutional investors.

Insider Buying and Selling at Linde

In other Linde news, Director Robert L. Wood sold 2,900 shares of the firm’s stock in a transaction on Monday, February 10th. The stock was sold at an average price of $456.26, for a total value of $1,323,154.00. Following the completion of the sale, the director now directly owns 14,013 shares of the company’s stock, valued at $6,393,571.38. This trade represents a 17.15 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through this link. Also, Director Paula Rosput Reynolds purchased 100 shares of the company’s stock in a transaction dated Thursday, December 12th. The shares were purchased at an average cost of $441.34 per share, for a total transaction of $44,134.00. Following the transaction, the director now directly owns 233 shares in the company, 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. Insiders sold 9,503 shares of company stock worth $4,306,843 in the last quarter. 0.60% of the stock is currently owned by company insiders.

Analyst Upgrades and Downgrades

Several brokerages have issued reports on LIN. Erste Group Bank reiterated a “hold” rating on shares of Linde in a report on Tuesday, November 19th. BMO Capital Markets lifted their price target 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. Deutsche Bank Aktiengesellschaft upped their price objective on shares of Linde from $510.00 to $515.00 and gave the stock a “buy” rating in a report on Friday, November 1st. Citigroup reduced their price objective on shares of Linde from $490.00 to $480.00 and set a “neutral” rating for the company in a report on Wednesday, December 18th. Finally, Mizuho upped 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. Four research analysts have rated the stock with a hold rating and nine have assigned a buy rating to the company. According to data from MarketBeat, Linde presently has an average rating of “Moderate Buy” and a consensus target price of $501.82.

Linde Trading Down 0.8 %

Shares of LIN stock opened at $462.07 on Thursday. The company has a debt-to-equity ratio of 0.39, a quick ratio of 0.76 and a current ratio of 0.89. The company has a market capitalization of $220.02 billion, a price-to-earnings ratio of 33.95, a PEG ratio of 3.05 and a beta of 0.94. Linde plc has a 52-week low of $410.69 and a 52-week high of $487.49. The company has a 50-day simple moving average of $435.96 and a two-hundred day simple moving average of $454.18.

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 the consensus estimate of $3.93 by $0.04. Linde had a return on equity of 18.71% and a net margin of 19.89%. Research analysts anticipate that Linde plc will post 16.54 EPS for the current fiscal 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.