BankPlus Trust Department Takes Position in Linde plc (NASDAQ:LIN)

BankPlus Trust Department purchased a new stake in Linde plc (NASDAQ:LIN) during the 4th quarter, HoldingsChannel reports. The institutional investor purchased 332 shares of the basic materials company’s stock, valued at approximately $139,000.

Other large investors have also modified their holdings of the company. Synergy Asset Management LLC acquired a new position in shares of Linde in the 4th quarter valued at $25,000. Strategic Financial Concepts LLC acquired a new position in Linde during the 4th quarter worth about $28,000. Global Wealth Strategies & Associates lifted its stake in Linde by 144.8% during the 4th quarter. Global Wealth Strategies & Associates now owns 71 shares of the basic materials company’s stock worth $30,000 after acquiring an additional 42 shares in the last quarter. Retirement Wealth Solutions LLC acquired a new position in Linde during the 4th quarter worth about $34,000. Finally, Kozak & Associates Inc. lifted its stake in Linde by 38.6% during the 4th quarter. Kozak & Associates Inc. now owns 97 shares of the basic materials company’s stock worth $40,000 after acquiring an additional 27 shares in the last quarter. Institutional investors and hedge funds own 82.80% of the company’s stock.

Insiders Place Their Bets

In other Linde news, VP Juergen Nowicki sold 6,782 shares of Linde stock in a transaction that occurred on Thursday, February 20th. The stock was sold at an average price of $459.62, for a total value of $3,117,142.84. Following the transaction, the vice president now directly owns 14,765 shares in the company, valued at approximately $6,786,289.30. This trade represents a 31.48 % decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, VP David P. Strauss sold 2,218 shares of Linde stock in a transaction that occurred on Monday, December 16th. The shares were sold at an average price of $434.35, for a total value of $963,388.30. Following the completion of the transaction, the vice president now owns 25,926 shares in the company, valued at $11,260,958.10. This trade represents a 7.88 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 16,285 shares of company stock valued at $7,423,986 over the last quarter. Company insiders own 0.60% of the company’s stock.

Analysts Set New Price Targets

Several equities analysts recently issued reports on the company. Citigroup decreased their target price on Linde from $490.00 to $480.00 and set a “neutral” rating on the stock in a research note on Wednesday, December 18th. Deutsche Bank Aktiengesellschaft increased their price target on Linde from $510.00 to $515.00 and gave the company a “buy” rating in a research report on Friday, November 1st. Erste Group Bank reaffirmed a “hold” rating on shares of Linde in a research report on Tuesday, November 19th. Mizuho raised their target price on Linde from $520.00 to $530.00 and gave the stock an “outperform” rating in a research report on Friday, November 1st. Finally, TD Cowen raised Linde from a “hold” rating to a “buy” rating and raised their target price for the stock from $480.00 to $515.00 in a research report on Monday, January 13th. Four analysts have rated the stock with a hold rating and nine have assigned a buy rating to the company. According to data from MarketBeat, the company has a consensus rating of “Moderate Buy” and an average target price of $501.82.

Linde Trading Up 0.1 %

LIN opened at $458.53 on Tuesday. The firm has a market cap of $218.33 billion, a price-to-earnings ratio of 33.69, a price-to-earnings-growth ratio of 3.08 and a beta of 0.94. Linde plc has a 52 week low of $410.69 and a 52 week high of $487.49. The business’s 50 day moving average is $437.49 and its two-hundred day moving average is $454.56. The company has a quick ratio of 0.76, a current ratio of 0.89 and a debt-to-equity ratio of 0.39.

Linde (NASDAQ:LIN) last released its quarterly earnings results on Thursday, February 6th. The basic materials company reported $3.97 EPS for the quarter, topping the consensus estimate of $3.93 by $0.04. Linde had a return on equity of 18.71% and a net margin of 19.89%. On average, research analysts predict that Linde plc will post 16.54 EPS for the current year.

Linde 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.