Choreo LLC Acquires 648 Shares of Linde plc (NASDAQ:LIN)

Choreo LLC raised its holdings in Linde plc (NASDAQ:LIN) by 3.9% during the fourth quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 17,202 shares of the basic materials company’s stock after buying an additional 648 shares during the quarter. Choreo LLC’s holdings in Linde were worth $7,186,000 at the end of the most recent quarter.

Several other hedge funds have also recently made changes to their positions in the business. Money Concepts Capital Corp purchased a new position in shares of Linde during the fourth quarter valued at about $440,000. Country Club Bank boosted its position in Linde by 20.7% during the 4th quarter. Country Club Bank now owns 4,640 shares of the basic materials company’s stock valued at $1,938,000 after acquiring an additional 795 shares in the last quarter. Mirae Asset Global Investments Co. Ltd. grew its holdings in shares of Linde by 0.7% during the 4th quarter. Mirae Asset Global Investments Co. Ltd. now owns 134,041 shares of the basic materials company’s stock worth $56,642,000 after acquiring an additional 929 shares during the period. Stratos Investment Management LLC raised its position in shares of Linde by 25.0% in the 4th quarter. Stratos Investment Management LLC now owns 1,225 shares of the basic materials company’s stock worth $513,000 after acquiring an additional 245 shares in the last quarter. Finally, Stratos Wealth Advisors LLC lifted its stake in shares of Linde by 2.4% in the 4th quarter. Stratos Wealth Advisors LLC now owns 2,921 shares of the basic materials company’s stock valued at $1,223,000 after purchasing an additional 68 shares during the period. 82.80% of the stock is owned by hedge funds and other institutional investors.

Insider Buying and Selling

In related news, VP David P. Strauss sold 2,218 shares of Linde stock in a transaction 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 completion of the sale, the vice president now owns 25,926 shares of the company’s stock, valued at $11,260,958.10. The trade was a 7.88 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at this link. Also, VP Guillermo Bichara sold 4,385 shares of the stock in a transaction dated 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 completion of the transaction, the vice president now directly owns 22,776 shares in the company, valued at approximately $10,493,586.48. This represents a 16.14 % decrease in their position. The disclosure for this sale can be found here. 0.60% of the stock is owned by corporate insiders.

Wall Street Analysts Forecast Growth

A number of research firms have issued reports on LIN. TD Cowen upgraded Linde from a “hold” rating to a “buy” rating and increased their price objective for the stock from $480.00 to $515.00 in a report on Monday, January 13th. Deutsche Bank Aktiengesellschaft increased their price target on shares of Linde from $510.00 to $515.00 and gave the stock a “buy” rating in a research note on Friday, November 1st. 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 report on Wednesday, December 18th. BMO Capital Markets lifted their target price on shares of Linde from $477.00 to $507.00 and gave the company an “outperform” rating in a report on Friday, November 1st. Finally, Mizuho upped their price target on Linde from $520.00 to $530.00 and gave the stock an “outperform” rating in a research note on Friday, November 1st. Four research analysts have rated the stock with a hold rating and nine have issued a buy rating to the stock. According to MarketBeat, Linde has an average rating of “Moderate Buy” and a consensus price target of $501.82.

Linde Stock Down 0.2 %

Linde stock opened at $453.70 on Thursday. The firm has a market cap of $216.03 billion, a price-to-earnings ratio of 34.45, a PEG 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. Linde plc has a 12 month low of $410.69 and a 12 month high of $487.49. The stock has a fifty day simple moving average of $434.48 and a two-hundred day simple moving average of $453.44.

Linde 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.