DeDora Capital Inc. Has $1.82 Million Stake in Linde plc (NASDAQ:LIN)

DeDora Capital Inc. decreased its stake in shares of Linde plc (NASDAQ:LIN) by 0.8% in the 4th quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 4,338 shares of the basic materials company’s stock after selling 35 shares during the quarter. DeDora Capital Inc.’s holdings in Linde were worth $1,816,000 as of its most recent filing with the Securities & Exchange Commission.

Other large investors also recently modified their holdings of the company. Trifecta Capital Advisors LLC grew its position in Linde by 16.9% in the 3rd quarter. Trifecta Capital Advisors LLC now owns 145 shares of the basic materials company’s stock valued at $69,000 after purchasing an additional 21 shares during the period. Concord Asset Management LLC VA grew its position in Linde by 0.5% in the 4th quarter. Concord Asset Management LLC VA now owns 4,774 shares of the basic materials company’s stock valued at $1,999,000 after purchasing an additional 23 shares during the period. Salomon & Ludwin LLC grew its position in Linde by 14.3% in the 3rd quarter. Salomon & Ludwin LLC now owns 192 shares of the basic materials company’s stock valued at $92,000 after purchasing an additional 24 shares during the period. Fourpath Capital Management LLC grew its position in Linde by 0.6% in the 4th quarter. Fourpath Capital Management LLC now owns 4,138 shares of the basic materials company’s stock valued at $1,732,000 after purchasing an additional 24 shares during the period. Finally, Greystone Financial Group LLC lifted its stake in Linde by 1.3% during the 3rd quarter. Greystone Financial Group LLC now owns 2,013 shares of the basic materials company’s stock valued at $960,000 after acquiring an additional 25 shares in the last quarter. Institutional investors and hedge funds own 82.80% of the company’s stock.

Linde Trading Down 0.9 %

NASDAQ LIN opened at $457.00 on Friday. The stock has a market capitalization of $217.61 billion, a price-to-earnings ratio of 33.58, a PEG 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 debt-to-equity ratio of 0.39, a current ratio of 0.89 and a quick ratio of 0.81. The business’s fifty day moving average is $434.67 and its 200-day moving average is $453.94.

Linde (NASDAQ:LIN) last announced its quarterly earnings data on Thursday, February 6th. The basic materials company reported $3.97 earnings per share (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%. Equities research analysts predict that Linde plc will post 16.55 EPS for the current year.

Wall Street Analyst Weigh In

LIN has been the topic of several recent analyst reports. Erste Group Bank restated a “hold” rating on shares of Linde in a research note on Tuesday, November 19th. Deutsche Bank Aktiengesellschaft raised their price objective on Linde from $510.00 to $515.00 and gave the company a “buy” rating in a research note on Friday, November 1st. Citigroup dropped their price objective on Linde from $490.00 to $480.00 and set a “neutral” rating on the stock in a research note on Wednesday, December 18th. TD Cowen upgraded Linde from a “hold” rating to a “buy” rating and raised their price objective for the company from $480.00 to $515.00 in a research note on Monday, January 13th. Finally, BMO Capital Markets raised their price objective on Linde from $477.00 to $507.00 and gave the company an “outperform” rating in a research note on Friday, November 1st. Four analysts have rated the stock with a hold rating and nine have issued a buy rating to the company’s stock. According to MarketBeat, Linde has a consensus rating of “Moderate Buy” and a consensus target price of $501.82.

Insider Activity at Linde

In other Linde news, Director Robert L. Wood sold 2,900 shares of Linde stock in a transaction dated Monday, February 10th. The stock was sold at an average price of $456.26, for a total transaction of $1,323,154.00. Following the completion of the transaction, the director now owns 14,013 shares of the company’s stock, valued at $6,393,571.38. The trade was a 17.15 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, Director Paula Rosput Reynolds bought 100 shares of Linde stock in a transaction on Thursday, December 12th. The shares were bought at an average cost of $441.34 per share, with a total value of $44,134.00. Following the acquisition, the director now directly owns 233 shares in the company, valued at approximately $102,832.22. This represents a 75.19 % increase in their ownership of the stock. The disclosure for this purchase can be found here. In the last three months, insiders have sold 9,503 shares of company stock worth $4,306,843. Company insiders own 0.60% of the company’s stock.

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.