JFG Wealth Management LLC Makes New $607,000 Investment in Linde plc (NASDAQ:LIN)

JFG Wealth Management LLC acquired a new stake in Linde plc (NASDAQ:LIN) in the 4th quarter, according to the company in its most recent disclosure with the SEC. The fund acquired 1,451 shares of the basic materials company’s stock, valued at approximately $607,000.

Other large investors have also recently bought and sold shares of the company. Synergy Asset Management LLC bought a new position in shares of Linde in the fourth quarter valued at approximately $25,000. Strategic Financial Concepts LLC acquired a new position in Linde in the 4th quarter valued at $28,000. Global Wealth Strategies & Associates raised its holdings in Linde by 144.8% in the 4th quarter. Global Wealth Strategies & Associates now owns 71 shares of the basic materials company’s stock worth $30,000 after acquiring an additional 42 shares during the period. Retirement Wealth Solutions LLC acquired a new position in Linde during the 4th quarter worth $34,000. Finally, Kozak & Associates Inc. lifted its position in Linde by 38.6% during the 4th quarter. Kozak & Associates Inc. now owns 97 shares of the basic materials company’s stock worth $40,000 after acquiring an additional 27 shares during the last quarter. 82.80% of the stock is currently owned by institutional investors.

Insider Activity at Linde

In other news, Director Paula Rosput Reynolds acquired 100 shares of the company’s stock in a transaction dated Thursday, December 12th. The stock was bought at an average price of $441.34 per share, with a total value of $44,134.00. Following the completion of the acquisition, the director now owns 233 shares in the company, valued at approximately $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 through this hyperlink. Also, VP David P. Strauss sold 2,218 shares of Linde 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 of the company’s stock, valued at $11,260,958.10. This trade represents a 7.88 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 16,285 shares of company stock valued at $7,423,986 in the last 90 days. 0.60% of the stock is owned by corporate insiders.

Wall Street Analysts Forecast Growth

Several equities research analysts have recently issued reports on the company. BMO Capital Markets lifted their price objective on Linde from $477.00 to $507.00 and gave the stock an “outperform” rating in a research note on Friday, November 1st. Erste Group Bank reaffirmed a “hold” rating on shares of Linde in a research report on Tuesday, November 19th. 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. TD Cowen raised shares of Linde from a “hold” rating to a “buy” rating and boosted their target price for the stock from $480.00 to $515.00 in a research report on Monday, January 13th. Finally, Deutsche Bank Aktiengesellschaft upped their target price on shares of Linde from $510.00 to $515.00 and gave the company a “buy” rating in a research note on Friday, November 1st. Four research analysts have rated the stock with a hold rating and nine have issued a buy rating to the stock. According to data from MarketBeat, Linde presently has a consensus rating of “Moderate Buy” and a consensus price target of $501.82.

Linde Price Performance

NASDAQ:LIN opened at $467.49 on Wednesday. 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 50-day moving average of $438.23 and a 200-day moving average of $454.70. Linde plc has a 52 week low of $410.69 and a 52 week high of $487.49. The company has a market capitalization of $222.60 billion, a price-to-earnings ratio of 34.35, a PEG ratio of 3.08 and a beta of 0.94.

Linde (NASDAQ:LIN) last announced its quarterly earnings results on Thursday, February 6th. The basic materials company reported $3.97 EPS for the quarter, topping analysts’ consensus estimates 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 anticipate that Linde plc will post 16.54 earnings per share for the current fiscal year.

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.