Wrapmanager Inc. Has $709,000 Stake in Linde plc (NASDAQ:LIN)

Wrapmanager Inc. grew its stake in Linde plc (NASDAQ:LIN) by 1.3% in the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 1,693 shares of the basic materials company’s stock after buying an additional 22 shares during the period. Wrapmanager Inc.’s holdings in Linde were worth $709,000 as of its most recent SEC filing.

Several other large investors also recently made changes to their positions in the stock. Synergy Asset Management LLC bought a new stake in Linde during the fourth quarter worth approximately $25,000. Strategic Financial Concepts LLC acquired a new stake in shares of Linde in the fourth quarter worth $28,000. Global Wealth Strategies & Associates boosted its holdings in shares of Linde by 144.8% during the 4th quarter. Global Wealth Strategies & Associates now owns 71 shares of the basic materials company’s stock worth $30,000 after buying an additional 42 shares during the period. Retirement Wealth Solutions LLC acquired a new position in Linde in the 4th quarter valued at $34,000. Finally, Kozak & Associates Inc. grew its stake 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 during the last quarter. Institutional investors own 82.80% of the company’s stock.

Linde Trading Up 0.1 %

Shares of Linde stock opened at $458.53 on Tuesday. The company’s fifty day moving average price is $437.49 and its two-hundred day moving average price is $454.56. The firm has a market capitalization of $218.33 billion, a PE ratio of 33.69, a price-to-earnings-growth ratio of 3.08 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 debt-to-equity ratio of 0.39, a current ratio of 0.89 and a quick ratio of 0.76.

Linde (NASDAQ:LIN) last posted its quarterly 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%. On average, analysts expect that Linde plc will post 16.54 EPS for the current year.

Insider Transactions at Linde

In other Linde news, Director Robert L. Wood sold 2,900 shares of the business’s stock in a transaction dated Monday, February 10th. The shares were sold at an average price of $456.26, for a total value of $1,323,154.00. Following the transaction, the director now directly owns 14,013 shares in the company, valued at $6,393,571.38. The trade was a 17.15 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, VP David P. Strauss sold 2,218 shares of the company’s stock in a transaction dated Monday, December 16th. The stock was sold at an average price of $434.35, for a total transaction of $963,388.30. Following the sale, the vice president now directly owns 25,926 shares in the company, valued at $11,260,958.10. This represents a 7.88 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last ninety days, insiders sold 16,285 shares of company stock valued at $7,423,986. Corporate insiders own 0.60% of the company’s stock.

Analyst Upgrades and Downgrades

A number of equities research analysts have issued reports on LIN shares. Deutsche Bank Aktiengesellschaft upped their price target on shares of Linde from $510.00 to $515.00 and gave the company a “buy” rating in a report on Friday, November 1st. Mizuho increased their target price on Linde from $520.00 to $530.00 and gave the company an “outperform” rating in a research note on Friday, November 1st. TD Cowen raised Linde from a “hold” rating to a “buy” rating and lifted their price target for the stock from $480.00 to $515.00 in a research report on Monday, January 13th. Citigroup reduced their price objective on Linde from $490.00 to $480.00 and set a “neutral” rating for the company in a research report on Wednesday, December 18th. Finally, Erste Group Bank restated a “hold” rating on shares of Linde in a research note on Tuesday, November 19th. Four analysts have rated the stock with a hold rating and nine have issued a buy rating to the company’s stock. Based on data from MarketBeat.com, Linde currently has an average rating of “Moderate Buy” and an average price target of $501.82.

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.