Concurrent Investment Advisors LLC Has $2.20 Million Stock Position in Linde plc (NASDAQ:LIN)

Concurrent Investment Advisors LLC reduced its stake in shares of Linde plc (NASDAQ:LIN) by 5.9% during the 4th quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 5,251 shares of the basic materials company’s stock after selling 331 shares during the quarter. Concurrent Investment Advisors LLC’s holdings in Linde were worth $2,199,000 as of its most recent SEC filing.

Other large investors have also bought and sold shares of the company. Helios Capital Management PTE. Ltd. boosted its stake in Linde by 85.2% in the fourth quarter. Helios Capital Management PTE. Ltd. now owns 2,500 shares of the basic materials company’s stock valued at $1,047,000 after buying an additional 1,150 shares in the last quarter. Channel Wealth LLC boosted its stake in 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. M&T Bank Corp boosted its stake in Linde by 6.7% in the third quarter. M&T Bank Corp now owns 79,472 shares of the basic materials company’s stock valued at $37,898,000 after buying an additional 5,021 shares in the last quarter. Nordea Investment Management AB boosted its stake in 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. Finally, SYM FINANCIAL Corp acquired a new stake in shares of Linde during the fourth quarter valued at about $625,000. 82.80% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

A number of brokerages have recently commented on LIN. Erste Group Bank reissued a “hold” rating on shares of Linde in a research note on Tuesday, November 19th. Deutsche Bank Aktiengesellschaft lifted their price target on Linde from $510.00 to $515.00 and gave the company a “buy” rating in a research note on Friday, November 1st. TD Cowen upgraded Linde from a “hold” rating to a “buy” rating and raised their price objective for the stock from $480.00 to $515.00 in a research report on Monday, January 13th. Mizuho raised their price objective on Linde from $520.00 to $530.00 and gave the stock an “outperform” rating in a research report on Friday, November 1st. Finally, BMO Capital Markets raised their price objective on Linde from $477.00 to $507.00 and gave the stock an “outperform” rating in a research report on Friday, November 1st. Four equities research analysts have rated the stock with a hold rating and nine have assigned a buy rating to the stock. Based on data from MarketBeat, Linde has a consensus rating of “Moderate Buy” and a consensus price target of $501.82.

Linde Trading Down 0.8 %

Shares of LIN stock opened at $458.00 on Friday. The company has a market cap of $218.08 billion, a P/E ratio of 33.65, a PEG ratio of 3.08 and a beta of 0.94. The stock has a 50 day simple moving average of $436.88 and a two-hundred day simple moving average of $454.33. The company has a debt-to-equity ratio of 0.39, a quick ratio of 0.76 and a current ratio of 0.89. Linde plc has a fifty-two week low of $410.69 and a fifty-two week high of $487.49.

Linde (NASDAQ:LIN) last announced its quarterly earnings data 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%. Research analysts forecast that Linde plc will post 16.54 earnings per share for the current year.

Insider Buying and Selling at Linde

In related news, VP Guillermo Bichara sold 4,385 shares of Linde stock in a transaction that occurred on Wednesday, December 4th. The stock was sold at an average price of $460.73, for a total transaction of $2,020,301.05. Following the transaction, the vice president now owns 22,776 shares of the company’s stock, valued at $10,493,586.48. The trade was a 16.14 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, Director Paula Rosput Reynolds bought 100 shares of the business’s stock in a transaction that occurred on Thursday, December 12th. The shares were bought at an average cost of $441.34 per share, for a total transaction of $44,134.00. Following the transaction, the director now owns 233 shares of the company’s stock, valued at $102,832.22. The trade was a 75.19 % increase in their ownership of the stock. The disclosure for this purchase can be found here. Over the last quarter, insiders sold 16,285 shares of company stock valued at $7,423,986. Company insiders own 0.60% of the company’s stock.

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.