DAVENPORT & Co LLC Has $5.28 Million Holdings in Linde plc (NASDAQ:LIN)

DAVENPORT & Co LLC increased its stake in shares of Linde plc (NASDAQ:LIN) by 16.8% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 12,611 shares of the basic materials company’s stock after purchasing an additional 1,810 shares during the period. DAVENPORT & Co LLC’s holdings in Linde were worth $5,280,000 as of its most recent SEC filing.

A number of other institutional investors have also made changes to their positions in LIN. AMF Tjanstepension AB lifted its holdings in shares of Linde by 108.7% in the third quarter. AMF Tjanstepension AB now owns 784,477 shares of the basic materials company’s stock valued at $374,086,000 after purchasing an additional 408,659 shares in the last quarter. Czech National Bank raised its stake in Linde by 6.9% in the third quarter. Czech National Bank now owns 97,927 shares of the basic materials company’s stock valued at $46,697,000 after buying an additional 6,321 shares during the period. GAMMA Investing LLC raised its stake in Linde by 15.7% in the third quarter. GAMMA Investing LLC now owns 5,508 shares of the basic materials company’s stock valued at $2,627,000 after buying an additional 747 shares during the period. Diversified Trust Co raised its stake in Linde by 18.4% in the third quarter. Diversified Trust Co now owns 5,230 shares of the basic materials company’s stock valued at $2,494,000 after buying an additional 811 shares during the period. Finally, Consilio Wealth Advisors LLC bought a new stake in Linde in the third quarter valued at approximately $232,000. 82.80% of the stock is owned by institutional investors and hedge funds.

Linde Trading Up 1.8 %

Shares of LIN stock opened at $454.21 on Tuesday. The stock’s fifty day moving average price is $434.54 and its two-hundred day moving average price is $453.31. The company has a market cap of $216.28 billion, a PE ratio of 34.49, a P/E/G ratio of 2.77 and a beta of 0.94. Linde plc has a fifty-two week low of $396.07 and a fifty-two week high of $487.49. The company has a debt-to-equity ratio of 0.43, a quick ratio of 0.81 and a current ratio of 0.96.

Insider Buying and Selling at Linde

In related news, VP David P. Strauss sold 2,218 shares of the firm’s stock in a transaction on 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 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 transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, VP Guillermo Bichara sold 4,385 shares of the firm’s stock in a transaction on Wednesday, December 4th. The shares were sold at an average price of $460.73, for a total value of $2,020,301.05. Following the sale, the vice president now directly owns 22,776 shares in the company, valued at approximately $10,493,586.48. This trade represents a 16.14 % decrease in their position. The disclosure for this sale can be found here. Company insiders own 0.60% of the company’s stock.

Wall Street Analyst Weigh In

Several analysts have issued reports on the company. Deutsche Bank Aktiengesellschaft upped their price objective on Linde from $510.00 to $515.00 and gave the company a “buy” rating in a research note on Friday, November 1st. Erste Group Bank reiterated a “hold” rating on shares of Linde in a research note on Tuesday, November 19th. Mizuho increased their target price on Linde from $520.00 to $530.00 and gave the stock an “outperform” rating in a research note on Friday, November 1st. BMO Capital Markets increased their target price on Linde from $477.00 to $507.00 and gave the stock an “outperform” rating in a research note on Friday, November 1st. Finally, TD Cowen upgraded Linde from a “hold” rating to a “buy” rating and increased their target price for the stock from $480.00 to $515.00 in a research note on Monday, January 13th. Four analysts have rated the stock with a hold rating and nine have given a buy rating to the company. Based on data from MarketBeat, Linde has a consensus rating of “Moderate Buy” and an average target price 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.