Sapient Capital LLC Purchases 35 Shares of Linde plc (NASDAQ:LIN)

Sapient Capital LLC raised its position in shares of Linde plc (NASDAQ:LIN) by 1.3% in the fourth quarter, Holdings Channel reports. The fund owned 2,673 shares of the basic materials company’s stock after buying an additional 35 shares during the quarter. Sapient Capital LLC’s holdings in Linde were worth $1,119,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds also recently bought and sold shares of the company. Trifecta Capital Advisors LLC boosted its stake in Linde by 16.9% in the third quarter. Trifecta Capital Advisors LLC now owns 145 shares of the basic materials company’s stock valued at $69,000 after acquiring an additional 21 shares during the last quarter. Regent Peak Wealth Advisors LLC boosted its stake in Linde by 1.3% in the third quarter. Regent Peak Wealth Advisors LLC now owns 1,831 shares of the basic materials company’s stock valued at $873,000 after acquiring an additional 23 shares during the last quarter. Concord Asset Management LLC VA boosted its stake in Linde by 0.5% in the fourth quarter. Concord Asset Management LLC VA now owns 4,774 shares of the basic materials company’s stock valued at $1,999,000 after acquiring an additional 23 shares during the last quarter. Salomon & Ludwin LLC boosted its stake in Linde by 14.3% in the third quarter. Salomon & Ludwin LLC now owns 192 shares of the basic materials company’s stock valued at $92,000 after acquiring an additional 24 shares during the last quarter. Finally, Fourpath Capital Management LLC boosted its stake in Linde by 0.6% in the fourth quarter. Fourpath Capital Management LLC now owns 4,138 shares of the basic materials company’s stock valued at $1,732,000 after acquiring an additional 24 shares during the last quarter. 82.80% of the stock is currently owned by institutional investors.

Linde Trading Down 0.0 %

LIN opened at $460.74 on Wednesday. Linde plc has a twelve month low of $410.69 and a twelve month high of $487.49. The company has a debt-to-equity ratio of 0.39, a quick ratio of 0.81 and a current ratio of 0.89. The firm’s fifty day moving average is $434.39 and its two-hundred day moving average is $453.79. The firm has a market cap 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 (NASDAQ:LIN) last issued its quarterly earnings data on Thursday, February 6th. The basic materials company reported $3.97 EPS for the quarter, topping analysts’ consensus estimates of $3.93 by $0.04. Linde had a net margin of 19.89% and a return on equity of 18.71%. Equities research analysts anticipate that Linde plc will post 16.55 EPS for the current year.

Insider Buying and Selling

In other Linde news, Director Paula Rosput Reynolds purchased 100 shares of the stock in a transaction on Thursday, December 12th. The shares were purchased at an average cost of $441.34 per share, for a total transaction of $44,134.00. Following the purchase, the director now owns 233 shares of the company’s stock, valued at approximately $102,832.22. This represents a 75.19 % increase in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, VP David P. Strauss sold 2,218 shares of Linde stock in a transaction on Monday, December 16th. The shares were sold at an average price of $434.35, for a total transaction of $963,388.30. Following the completion of the sale, the vice president now owns 25,926 shares in the company, valued at $11,260,958.10. The trade was a 7.88 % decrease in their ownership of the stock. The disclosure for this sale can be found here. 0.60% of the stock is currently owned by company insiders.

Analyst Ratings Changes

A number of equities analysts have issued reports on the stock. TD Cowen raised shares of 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. Erste Group Bank reaffirmed a “hold” rating on shares of Linde in a research note on Tuesday, November 19th. Mizuho raised their price objective on shares of Linde from $520.00 to $530.00 and gave the company an “outperform” rating in a research note on Friday, November 1st. Citigroup reduced their price objective 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. Finally, BMO Capital Markets increased their target price on shares of Linde from $477.00 to $507.00 and gave the stock an “outperform” rating in a report on Friday, November 1st. Four research analysts have rated the stock with a hold rating and nine have issued a buy rating to the stock. Based on data from MarketBeat, the stock has an average 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.