Mather Group LLC. Boosts Position in Linde plc (NASDAQ:LIN)

Mather Group LLC. lifted its position in Linde plc (NASDAQ:LIN) by 4.6% during the fourth quarter, HoldingsChannel reports. The institutional investor owned 5,017 shares of the basic materials company’s stock after purchasing an additional 221 shares during the period. Mather Group LLC.’s holdings in Linde were worth $2,100,000 at the end of the most recent reporting period.

A number of other large investors also recently modified their holdings of LIN. Synergy Asset Management LLC bought a new position in Linde in the 4th quarter worth about $25,000. Global Wealth Strategies & Associates increased its position 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 worth $30,000 after purchasing an additional 42 shares during the last quarter. Kozak & Associates Inc. purchased a new stake in Linde in the third quarter valued at approximately $34,000. Retirement Wealth Solutions LLC purchased a new stake in Linde in the fourth quarter valued at approximately $34,000. Finally, Hanson & Doremus Investment Management lifted its position in Linde by 34.2% during the fourth quarter. Hanson & Doremus Investment Management now owns 98 shares of the basic materials company’s stock valued at $41,000 after purchasing an additional 25 shares during the last quarter. 82.80% of the stock is currently owned by institutional investors.

Linde Stock Performance

Shares of LIN stock opened at $454.80 on Wednesday. The company has a market capitalization of $216.56 billion, a P/E ratio of 34.53, a PEG 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. The stock has a 50 day moving average price of $434.51 and a two-hundred day moving average price of $453.37.

Insider Buying and Selling

In related news, VP David P. Strauss sold 2,218 shares of the business’s stock in a transaction dated Monday, December 16th. The stock was sold at an average price of $434.35, for a total transaction of $963,388.30. Following the transaction, the vice president now owns 25,926 shares in the company, valued at $11,260,958.10. The trade was a 7.88 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, VP Guillermo Bichara sold 4,385 shares of Linde stock in a transaction that occurred 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 sale, the vice president now owns 22,776 shares in the company, valued at approximately $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. 0.60% of the stock is owned by insiders.

Wall Street Analysts Forecast Growth

A number of equities analysts have recently commented on LIN shares. Citigroup decreased their price target on shares of Linde from $490.00 to $480.00 and set a “neutral” rating on the stock in a report on Wednesday, December 18th. TD Cowen upgraded Linde from a “hold” rating to a “buy” rating and raised their price target for the company from $480.00 to $515.00 in a research report on Monday, January 13th. Mizuho upped their price objective on Linde from $520.00 to $530.00 and gave the stock an “outperform” rating in a report on Friday, November 1st. Erste Group Bank reissued a “hold” rating on shares of Linde in a report on Tuesday, November 19th. Finally, Deutsche Bank Aktiengesellschaft upped their target price on Linde from $510.00 to $515.00 and gave the stock a “buy” rating in a research note on Friday, November 1st. Four analysts have rated the stock with a hold rating and nine have given a buy rating to the company. According to data from MarketBeat, the company currently has an average rating of “Moderate Buy” and an average target price of $501.82.

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.