Rice Partnership LLC Has $7.15 Million Holdings in Linde plc (NASDAQ:LIN)

Rice Partnership LLC lifted its stake in shares of Linde plc (NASDAQ:LIN) by 3.0% in the 4th quarter, Holdings Channel reports. The institutional investor owned 17,068 shares of the basic materials company’s stock after purchasing an additional 490 shares during the quarter. Linde accounts for about 1.4% of Rice Partnership LLC’s portfolio, making the stock its 24th largest position. Rice Partnership LLC’s holdings in Linde were worth $7,146,000 as of its most recent filing with the SEC.

Several other institutional investors also recently modified their holdings of LIN. Trifecta Capital Advisors LLC increased its holdings in Linde by 16.9% in the third quarter. Trifecta Capital Advisors LLC now owns 145 shares of the basic materials company’s stock valued at $69,000 after purchasing an additional 21 shares during the period. Prentice Wealth Management LLC boosted its position in Linde by 1.7% during the third quarter. Prentice Wealth Management LLC now owns 1,367 shares of the basic materials company’s stock valued at $652,000 after acquiring an additional 23 shares during the last quarter. Quotient Wealth Partners LLC boosted its position in Linde by 0.9% during the third quarter. Quotient Wealth Partners LLC now owns 2,706 shares of the basic materials company’s stock valued at $1,290,000 after acquiring an additional 23 shares during the last quarter. Regent Peak Wealth Advisors LLC boosted its position in Linde by 1.3% during the third quarter. Regent Peak Wealth Advisors LLC now owns 1,831 shares of the basic materials company’s stock valued at $873,000 after acquiring an additional 23 shares during the last quarter. Finally, Concord Asset Management LLC VA boosted its position in Linde by 0.5% during the fourth quarter. Concord Asset Management LLC VA now owns 4,774 shares of the basic materials company’s stock valued at $1,999,000 after acquiring an additional 23 shares during the last quarter. 82.80% of the stock is currently owned by institutional investors and hedge funds.

Insider Buying and Selling at Linde

In other news, VP David P. Strauss sold 2,218 shares of Linde stock in a transaction 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 sale, the vice president now directly owns 25,926 shares of the company’s stock, valued at approximately $11,260,958.10. The trade was a 7.88 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Also, VP Guillermo Bichara sold 4,385 shares of Linde stock in a transaction on Wednesday, December 4th. The stock was sold at an average price of $460.73, for a total transaction of $2,020,301.05. Following the sale, the vice president now directly owns 22,776 shares of the company’s stock, valued at $10,493,586.48. This represents a 16.14 % 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.

Linde Stock Down 0.1 %

Linde stock opened at $446.12 on Monday. Linde plc has a 1-year low of $396.07 and a 1-year high of $487.49. The firm has a market capitalization of $212.42 billion, a price-to-earnings ratio of 33.87, a P/E/G ratio of 2.77 and a beta of 0.94. The company has a current ratio of 0.96, a quick ratio of 0.81 and a debt-to-equity ratio of 0.43. The firm has a 50 day simple moving average of $434.54 and a 200 day simple moving average of $453.31.

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

Wall Street Analysts Forecast Growth

A number of brokerages have commented on LIN. BMO Capital Markets upped 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. Erste Group Bank reaffirmed a “hold” rating on shares of Linde in a research report on Tuesday, November 19th. Mizuho upped their price target on shares of Linde from $520.00 to $530.00 and gave the company an “outperform” rating in a research report on Friday, November 1st. Deutsche Bank Aktiengesellschaft increased their price objective on shares of Linde from $510.00 to $515.00 and gave the stock a “buy” rating in a research report on Friday, November 1st. Finally, Citigroup cut their price objective on shares of Linde from $490.00 to $480.00 and set a “neutral” rating on the stock in a research report on Wednesday, December 18th. Four investment analysts have rated the stock with a hold rating and nine have given a buy rating to the stock. According to MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average price target of $501.82.

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.