Fourpath Capital Management LLC Raises Stock Holdings in Linde plc (NASDAQ:LIN)

Fourpath Capital Management LLC raised its stake in Linde plc (NASDAQ:LIN) by 0.6% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 4,138 shares of the basic materials company’s stock after acquiring an additional 24 shares during the quarter. Fourpath Capital Management LLC’s holdings in Linde were worth $1,732,000 as of its most recent filing with the Securities & Exchange Commission.

Other large investors also recently added to or reduced their stakes in the company. Boston Trust Walden Corp boosted its position in shares of Linde by 3.0% in the fourth quarter. Boston Trust Walden Corp now owns 5,718 shares of the basic materials company’s stock valued at $2,394,000 after acquiring an additional 169 shares during the period. Rice Partnership LLC boosted its position in Linde by 3.0% during the 4th quarter. Rice Partnership LLC now owns 17,068 shares of the basic materials company’s stock valued at $7,146,000 after buying an additional 490 shares during the period. Brentview Investment Management LLC bought a new stake in shares of Linde in the 4th quarter worth approximately $5,020,000. S.A. Mason LLC increased its position in shares of Linde by 18.7% during the fourth quarter. S.A. Mason LLC now owns 355 shares of the basic materials company’s stock valued at $149,000 after buying an additional 56 shares during the period. Finally, Princeton Global Asset Management LLC grew its stake in Linde by 0.8% in the fourth quarter. Princeton Global Asset Management LLC now owns 14,288 shares of the basic materials company’s stock worth $5,982,000 after purchasing an additional 109 shares during the period. Hedge funds and other institutional investors own 82.80% of the company’s stock.

Insider Activity at Linde

In related news, VP Guillermo Bichara sold 4,385 shares of the stock in a transaction on Wednesday, December 4th. The stock was sold at an average price of $460.73, for a total value of $2,020,301.05. Following the completion of the transaction, the vice president now directly owns 22,776 shares of the company’s stock, valued at approximately $10,493,586.48. This represents a 16.14 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, VP David P. Strauss sold 2,218 shares of the business’s stock in a transaction that occurred on Monday, December 16th. The stock was sold at an average price of $434.35, for a total value of $963,388.30. Following the transaction, the vice president now owns 25,926 shares in the company, valued at approximately $11,260,958.10. This represents a 7.88 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Company insiders own 0.60% of the company’s stock.

Analysts Set New Price Targets

Several research analysts have issued reports on the stock. Deutsche Bank Aktiengesellschaft lifted their target price on shares of Linde from $510.00 to $515.00 and gave the stock a “buy” rating in a report on Friday, November 1st. Mizuho boosted their price target on shares of Linde from $520.00 to $530.00 and gave the stock an “outperform” rating in a research report on Friday, November 1st. TD Cowen raised shares of Linde from a “hold” rating to a “buy” rating and lifted their price target for the stock from $480.00 to $515.00 in a research note on Monday, January 13th. Citigroup lowered their price objective on shares of Linde from $490.00 to $480.00 and set a “neutral” rating for the company in a research report on Wednesday, December 18th. Finally, BMO Capital Markets lifted their price objective on shares of Linde from $477.00 to $507.00 and gave the company an “outperform” rating in a report on Friday, November 1st. Four research analysts have rated the stock with a hold rating and nine have assigned a buy rating to the company’s stock. According to data from MarketBeat, Linde currently has an average rating of “Moderate Buy” and an average price target of $501.82.

Linde Price Performance

Shares of LIN opened at $454.21 on Tuesday. The company has a market capitalization of $216.28 billion, a P/E 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 business’s 50-day moving average is $434.54 and its two-hundred day moving average is $453.31. The company has a debt-to-equity ratio of 0.43, a quick ratio of 0.81 and a current ratio of 0.96.

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.