Linde plc (NASDAQ:LIN) Stock Holdings Increased by Forbes J M & Co. LLP

Forbes J M & Co. LLP lifted its stake in shares of Linde plc (NASDAQ:LIN) by 0.1% during the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 36,712 shares of the basic materials company’s stock after purchasing an additional 44 shares during the quarter. Linde comprises about 1.5% of Forbes J M & Co. LLP’s investment portfolio, making the stock its 18th largest holding. Forbes J M & Co. LLP’s holdings in Linde were worth $15,370,000 as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. Synergy Asset Management LLC acquired a new position in shares of Linde in the 4th quarter worth approximately $25,000. Strategic Financial Concepts LLC acquired a new position in Linde in the fourth quarter worth approximately $28,000. Global Wealth Strategies & Associates increased its holdings in shares of Linde by 144.8% in the fourth quarter. Global Wealth Strategies & Associates now owns 71 shares of the basic materials company’s stock valued at $30,000 after buying an additional 42 shares in the last quarter. Kozak & Associates Inc. acquired a new stake in shares of Linde during the 3rd quarter valued at $34,000. Finally, Retirement Wealth Solutions LLC acquired a new position in shares of Linde in the 4th quarter worth $34,000. Institutional investors own 82.80% of the company’s stock.

Insider Buying and Selling at Linde

In other Linde news, Director Paula Rosput Reynolds purchased 100 shares of the stock in a transaction on Thursday, December 12th. The shares were purchased at an average price of $441.34 per share, with a total value 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 transaction was disclosed in a filing with the SEC, which is accessible through this link. 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 in the company, valued at approximately $11,260,958.10. This trade represents a 7.88 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders own 0.60% of the company’s stock.

Analyst Upgrades and Downgrades

A number of brokerages recently weighed in on LIN. BMO Capital Markets lifted their price target on Linde from $477.00 to $507.00 and gave the stock an “outperform” rating in a research note on Friday, November 1st. TD Cowen raised shares of Linde from a “hold” rating to a “buy” rating and boosted their target price for the company from $480.00 to $515.00 in a research note on Monday, January 13th. Deutsche Bank Aktiengesellschaft raised their target price on Linde from $510.00 to $515.00 and gave the stock a “buy” rating in a research report on Friday, November 1st. Citigroup dropped their price target on Linde from $490.00 to $480.00 and set a “neutral” rating on the stock in a research report on Wednesday, December 18th. Finally, Erste Group Bank reaffirmed 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 assigned a buy rating to the company. Based on data from MarketBeat, Linde currently has a consensus rating of “Moderate Buy” and a consensus price target of $501.82.

Linde Stock Down 1.2 %

Shares of LIN stock opened at $455.05 on Friday. Linde plc has a twelve month low of $410.69 and a twelve month high of $487.49. The company has a debt-to-equity ratio of 0.39, a quick ratio of 0.81 and a current ratio of 0.89. The stock’s 50 day simple moving average is $434.48 and its 200 day simple moving average is $453.49. The company has a market capitalization of $216.68 billion, a price-to-earnings ratio of 33.43, a PEG ratio of 2.89 and a beta of 0.94.

Linde (NASDAQ:LIN) last announced its earnings results on Thursday, February 6th. The basic materials company reported $3.97 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, research analysts predict that Linde plc will post 16.55 EPS for the current year.

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.