Linde plc (NASDAQ:LIN) Shares Bought by Bleakley Financial Group LLC

Bleakley Financial Group LLC boosted its position in Linde plc (NASDAQ:LIN) by 0.8% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 13,058 shares of the basic materials company’s stock after buying an additional 103 shares during the quarter. Bleakley Financial Group LLC’s holdings in Linde were worth $5,467,000 at the end of the most recent quarter.

A number of other institutional investors have also made changes to their positions in LIN. Synergy Asset Management LLC acquired a new stake in Linde in the fourth quarter worth $25,000. Global Wealth Strategies & Associates lifted its position in Linde by 144.8% in the 4th quarter. Global Wealth Strategies & Associates now owns 71 shares of the basic materials company’s stock valued at $30,000 after purchasing an additional 42 shares during the last quarter. Kozak & Associates Inc. acquired a new position in Linde during the 3rd quarter valued at about $34,000. Retirement Wealth Solutions LLC bought a new position in Linde in the 4th quarter worth about $34,000. Finally, Hanson & Doremus Investment Management increased its stake in shares of Linde by 34.2% in 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 period. 82.80% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

Several research firms recently commented on LIN. Erste Group Bank restated a “hold” rating on shares of Linde in a research report on Tuesday, November 19th. 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 research note on Friday, November 1st. TD Cowen upgraded Linde from a “hold” rating to a “buy” rating and upped 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 Linde from $490.00 to $480.00 and set a “neutral” rating on the stock in a research report on Wednesday, December 18th. Finally, Deutsche Bank Aktiengesellschaft lifted their price target 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. Four research analysts have rated the stock with a hold rating and nine have given a buy rating to the stock. According to data from MarketBeat, Linde has a consensus rating of “Moderate Buy” and a consensus price target of $501.82.

Linde Stock Down 0.2 %

Shares of NASDAQ LIN opened at $453.70 on Thursday. The company has a debt-to-equity ratio of 0.43, a current ratio of 0.96 and a quick ratio of 0.81. The company has a 50 day simple moving average of $434.48 and a 200 day simple moving average of $453.44. The firm has a market cap of $216.03 billion, a PE ratio of 34.45, a price-to-earnings-growth ratio of 2.77 and a beta of 0.94. Linde plc has a 1 year low of $410.69 and a 1 year high of $487.49.

Insider Activity at Linde

In other news, 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 sale, the vice president now owns 22,776 shares in the company, valued at $10,493,586.48. This represents a 16.14 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, Director Paula Rosput Reynolds acquired 100 shares of the firm’s stock in a transaction on Thursday, December 12th. The stock was purchased at an average price of $441.34 per share, with a total value of $44,134.00. Following the purchase, the director now owns 233 shares in the company, valued at approximately $102,832.22. The trade was a 75.19 % increase in their position. The disclosure for this purchase can be found here. 0.60% of the stock is owned by insiders.

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.