Linde plc (NASDAQ:LIN) Shares Purchased by Quent Capital LLC

Quent Capital LLC raised its position in shares of Linde plc (NASDAQ:LIN) by 7.0% in the fourth quarter, Holdings Channel.com reports. The fund owned 1,153 shares of the basic materials company’s stock after buying an additional 75 shares during the quarter. Quent Capital LLC’s holdings in Linde were worth $483,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in LIN. Helios Capital Management PTE. Ltd. boosted its position in Linde by 85.2% during the 4th quarter. Helios Capital Management PTE. Ltd. now owns 2,500 shares of the basic materials company’s stock worth $1,047,000 after purchasing an additional 1,150 shares during the period. Channel Wealth LLC grew its stake in shares of Linde by 30.4% in the fourth quarter. Channel Wealth LLC now owns 7,385 shares of the basic materials company’s stock valued at $3,092,000 after buying an additional 1,723 shares in the last quarter. Nordea Investment Management AB grew its stake in shares of Linde by 2.2% in the fourth quarter. Nordea Investment Management AB now owns 2,145,643 shares of the basic materials company’s stock valued at $898,188,000 after buying an additional 46,843 shares in the last quarter. M&T Bank Corp lifted its position in Linde by 6.7% during the 3rd quarter. M&T Bank Corp now owns 79,472 shares of the basic materials company’s stock worth $37,898,000 after acquiring an additional 5,021 shares in the last quarter. Finally, SYM FINANCIAL Corp purchased a new position in Linde in the 4th quarter worth approximately $625,000. 82.80% of the stock is currently owned by institutional investors and hedge funds.

Linde Trading Down 0.0 %

NASDAQ LIN opened at $460.74 on Wednesday. The firm has a market capitalization of $219.39 billion, a PE ratio of 33.85, a price-to-earnings-growth ratio of 2.89 and a beta of 0.94. Linde plc has a one year low of $410.69 and a one year high of $487.49. The company has a 50-day simple moving average of $434.39 and a 200-day simple moving average of $453.79. The company has a debt-to-equity ratio of 0.39, a quick ratio of 0.81 and a current ratio of 0.89.

Linde (NASDAQ:LIN) last issued its earnings results on Thursday, February 6th. The basic materials company reported $3.97 EPS for the quarter, beating analysts’ consensus estimates of $3.93 by $0.04. Linde had a return on equity of 18.71% and a net margin of 19.89%. On average, equities analysts forecast that Linde plc will post 16.55 earnings per share for the current year.

Analyst Ratings Changes

A number of research analysts have recently commented on the stock. BMO Capital Markets boosted their target price on shares of Linde from $477.00 to $507.00 and gave the stock an “outperform” rating in a research report on Friday, November 1st. TD Cowen upgraded 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. Deutsche Bank Aktiengesellschaft increased their price objective on shares of Linde from $510.00 to $515.00 and gave the company a “buy” rating in a research note on Friday, November 1st. Citigroup decreased their price objective on shares of Linde from $490.00 to $480.00 and set a “neutral” rating for the company in a report on Wednesday, December 18th. Finally, Erste Group Bank restated a “hold” rating on shares of Linde in a research note on Tuesday, November 19th. Four research analysts have rated the stock with a hold rating and nine have assigned a buy rating to the stock. According to data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average price target of $501.82.

Insider Buying and Selling

In other Linde news, VP Guillermo Bichara sold 4,385 shares of the firm’s stock in a transaction that occurred 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 owns 22,776 shares in the company, valued at approximately $10,493,586.48. This trade represents a 16.14 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, Director Paula Rosput Reynolds acquired 100 shares of Linde stock in a transaction dated Thursday, December 12th. The shares were acquired at an average price of $441.34 per share, with a total value of $44,134.00. Following the completion of the transaction, the director now owns 233 shares of the company’s stock, valued at approximately $102,832.22. This trade represents a 75.19 % increase in their position. The disclosure for this purchase can be found here. 0.60% of the stock is owned by company 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.