Parcion Private Wealth LLC Increases Stock Position in Linde plc (NASDAQ:LIN)

Parcion Private Wealth LLC boosted its stake in Linde plc (NASDAQ:LIN) by 3.1% during the 4th quarter, Holdings Channel reports. The firm owned 15,881 shares of the basic materials company’s stock after buying an additional 475 shares during the quarter. Parcion Private Wealth LLC’s holdings in Linde were worth $6,649,000 at the end of the most recent reporting period.

Several other hedge funds have also bought and sold shares of the stock. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC increased its holdings in shares of Linde by 372.8% in the 3rd quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 3,288,088 shares of the basic materials company’s stock worth $1,567,958,000 after buying an additional 2,592,682 shares during the last quarter. International Assets Investment Management LLC increased its holdings in shares of Linde by 47,830.2% in the 3rd quarter. International Assets Investment Management LLC now owns 936,076 shares of the basic materials company’s stock worth $446,377,000 after buying an additional 934,123 shares during the last quarter. Assenagon Asset Management S.A. increased its holdings in shares of Linde by 2,293.0% in the 4th quarter. Assenagon Asset Management S.A. now owns 782,461 shares of the basic materials company’s stock worth $327,593,000 after buying an additional 749,763 shares during the last quarter. AMF Tjanstepension AB increased its holdings in shares of Linde by 108.7% in the 3rd quarter. AMF Tjanstepension AB now owns 784,477 shares of the basic materials company’s stock worth $374,086,000 after buying an additional 408,659 shares during the last quarter. Finally, KBC Group NV increased its holdings in shares of Linde by 131.6% in the 3rd quarter. KBC Group NV now owns 621,444 shares of the basic materials company’s stock worth $296,342,000 after buying an additional 353,136 shares during the last quarter. Hedge funds and other institutional investors own 82.80% of the company’s stock.

Linde Price Performance

Shares of LIN opened at $462.07 on Thursday. The company has a market cap of $220.02 billion, a price-to-earnings ratio of 33.95, a price-to-earnings-growth ratio of 3.11 and a beta of 0.94. Linde plc has a twelve month low of $410.69 and a twelve month high of $487.49. The company has a quick ratio of 0.76, a current ratio of 0.89 and a debt-to-equity ratio of 0.39. The company has a 50 day moving average of $435.96 and a two-hundred day moving average of $454.18.

Linde (NASDAQ:LIN) last announced its earnings results on Thursday, February 6th. The basic materials company reported $3.97 earnings per share for the quarter, beating the consensus estimate of $3.93 by $0.04. Linde had a net margin of 19.89% and a return on equity of 18.71%. As a group, analysts predict that Linde plc will post 16.54 earnings per share for the current fiscal year.

Insider Transactions at Linde

In other news, VP Guillermo Bichara sold 4,385 shares of Linde stock in a transaction on Wednesday, December 4th. The shares were sold at an average price of $460.73, for a total transaction of $2,020,301.05. Following the completion of the sale, the vice president now directly owns 22,776 shares in the company, valued at approximately $10,493,586.48. The trade was a 16.14 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, Director Paula Rosput Reynolds acquired 100 shares of the stock in a transaction dated Thursday, December 12th. The shares were bought at an average price of $441.34 per share, with a total value of $44,134.00. Following the completion of the purchase, the director now directly 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. Over the last ninety days, insiders sold 9,503 shares of company stock worth $4,306,843. Company insiders own 0.60% of the company’s stock.

Analyst Ratings Changes

Several brokerages recently commented on LIN. BMO Capital Markets upped their price target on shares of Linde from $477.00 to $507.00 and gave the company an “outperform” rating in a report on Friday, November 1st. Deutsche Bank Aktiengesellschaft upped their price target on shares of Linde from $510.00 to $515.00 and gave the company a “buy” rating in a report on Friday, November 1st. TD Cowen upgraded shares of Linde from a “hold” rating to a “buy” rating and upped their target price for the stock from $480.00 to $515.00 in a research note on Monday, January 13th. Mizuho upped their target price on shares of Linde from $520.00 to $530.00 and gave the stock an “outperform” rating in a research note on Friday, November 1st. Finally, Citigroup dropped their target price on shares of Linde from $490.00 to $480.00 and set a “neutral” rating on the stock in a research note on Wednesday, December 18th. Four research analysts have rated the stock with a hold rating and nine have issued a buy rating to the stock. According to MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average target price of $501.82.

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.