Asset Dedication LLC Purchases 91 Shares of Linde plc (NASDAQ:LIN)

Asset Dedication LLC grew its holdings in Linde plc (NASDAQ:LIN) by 3.5% in the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 2,659 shares of the basic materials company’s stock after acquiring an additional 91 shares during the quarter. Asset Dedication LLC’s holdings in Linde were worth $1,113,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also modified their holdings of LIN. R Squared Ltd bought a new stake in Linde in the 4th quarter valued at about $2,378,000. Mayflower Financial Advisors LLC raised its position in shares of Linde by 2.3% in the fourth quarter. Mayflower Financial Advisors LLC now owns 2,299 shares of the basic materials company’s stock valued at $963,000 after buying an additional 52 shares in the last quarter. Stonegate Investment Group LLC boosted its stake in shares of Linde by 2.0% in the fourth quarter. Stonegate Investment Group LLC now owns 34,733 shares of the basic materials company’s stock valued at $14,542,000 after buying an additional 675 shares during the period. Perigon Wealth Management LLC grew its position in Linde by 53.6% during the fourth quarter. Perigon Wealth Management LLC now owns 6,571 shares of the basic materials company’s stock worth $2,842,000 after buying an additional 2,292 shares in the last quarter. Finally, Revolve Wealth Partners LLC raised its holdings in Linde by 14.1% in the 4th quarter. Revolve Wealth Partners LLC now owns 777 shares of the basic materials company’s stock valued at $325,000 after acquiring an additional 96 shares in the last quarter. 82.80% of the stock is currently owned by institutional investors and hedge funds.

Linde Stock Performance

Shares of Linde stock opened at $438.32 on Thursday. The stock has a market cap of $208.71 billion, a price-to-earnings ratio of 33.28, a P/E/G ratio of 2.74 and a beta of 0.94. The company has a quick ratio of 0.81, a current ratio of 0.96 and a debt-to-equity ratio of 0.43. Linde plc has a twelve month low of $396.07 and a twelve month high of $487.49. The company’s fifty day moving average is $435.10 and its 200 day moving average is $453.33.

Linde (NASDAQ:LIN) last issued its quarterly earnings data on Thursday, October 31st. The basic materials company reported $3.94 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $3.89 by $0.05. Linde had a return on equity of 18.16% and a net margin of 19.33%. The company had revenue of $8.36 billion during the quarter, compared to the consensus estimate of $8.39 billion. During the same period last year, the company earned $3.63 earnings per share. The firm’s revenue was up 1.9% compared to the same quarter last year. Sell-side analysts forecast that Linde plc will post 15.45 EPS for the current year.

Wall Street Analysts Forecast Growth

Several research firms have recently issued reports on LIN. Deutsche Bank Aktiengesellschaft increased their target price on Linde from $510.00 to $515.00 and gave the stock a “buy” rating in a report on Friday, November 1st. TD Cowen raised shares of Linde from a “hold” rating to a “buy” rating and upped their price target for the stock from $480.00 to $515.00 in a report on Monday, January 13th. BMO Capital Markets increased their price target 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. Citigroup decreased their price target on Linde from $490.00 to $480.00 and set a “neutral” rating on the stock in a research note on Wednesday, December 18th. Finally, Erste Group Bank restated 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 given a buy rating to the company. According to data from MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus price target of $501.82.

Insiders Place Their Bets

In related news, VP Guillermo Bichara sold 4,385 shares of the business’s stock in a transaction dated Wednesday, December 4th. The shares were sold at an average price of $460.73, for a total transaction of $2,020,301.05. Following the transaction, the vice president now directly owns 22,776 shares in the company, valued at approximately $10,493,586.48. The trade was a 16.14 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, VP David P. Strauss sold 2,218 shares of the 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 completion of the sale, the vice president now owns 25,926 shares of the company’s stock, valued at approximately $11,260,958.10. This trade represents a 7.88 % decrease in their position. The disclosure for this sale can be found here. Company insiders own 0.60% of the company’s stock.

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.