Allspring Global Investments Holdings LLC Purchases 1,915 Shares of Linde plc (NASDAQ:LIN)

Allspring Global Investments Holdings LLC lifted its holdings in shares of Linde plc (NASDAQ:LIN - Free Report) by 2.8% during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 69,527 shares of the basic materials company's stock after purchasing an additional 1,915 shares during the period. Allspring Global Investments Holdings LLC's holdings in Linde were worth $28,796,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds also recently made changes to their positions in the business. Geode Capital Management LLC raised its holdings in shares of Linde by 1.4% during the third quarter. Geode Capital Management LLC now owns 10,973,175 shares of the basic materials company's stock valued at $5,217,197,000 after purchasing an additional 154,792 shares during the period. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC increased its position in 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 valued at $1,567,958,000 after buying an additional 2,592,682 shares in the last quarter. Charles Schwab Investment Management Inc. raised its stake in Linde by 1.7% during the 3rd quarter. Charles Schwab Investment Management Inc. now owns 3,015,882 shares of the basic materials company's stock worth $1,438,154,000 after buying an additional 50,882 shares during the period. Impax Asset Management Group plc boosted its holdings in Linde by 2.4% in the third quarter. Impax Asset Management Group plc now owns 2,374,339 shares of the basic materials company's stock worth $1,130,986,000 after acquiring an additional 56,775 shares in the last quarter. Finally, Nordea Investment Management AB grew 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 acquiring an additional 46,843 shares during the period. Institutional investors own 82.80% of the company's stock.

Analyst Ratings Changes

A number of equities analysts recently issued reports on LIN shares. Citigroup cut their target price on Linde from $490.00 to $480.00 and set a "neutral" rating on the stock in a report on Wednesday, December 18th. Deutsche Bank Aktiengesellschaft raised their price objective on shares of Linde from $510.00 to $515.00 and gave the company a "buy" rating in a research note on Friday, November 1st. BMO Capital Markets boosted their target price on shares of Linde from $477.00 to $507.00 and gave the stock an "outperform" 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. Finally, Mizuho boosted their price objective on Linde from $520.00 to $530.00 and gave the stock an "outperform" rating in a report on Friday, November 1st. Four equities research analysts have rated the stock with a hold rating and nine have issued a buy rating to the company's stock. According to data from MarketBeat, the stock presently has an average rating of "Moderate Buy" and a consensus price target of $501.82.

Insiders Place Their Bets

In other Linde news, Director Robert L. Wood sold 2,900 shares of the stock in a transaction dated Monday, February 10th. The shares were 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 in the company, valued at $6,393,571.38. This trade represents a 17.15 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, VP David P. Strauss sold 2,218 shares of the business's stock in a transaction that occurred 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 directly owns 25,926 shares in the company, valued at approximately $11,260,958.10. This trade represents a 7.88 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 9,503 shares of company stock valued at $4,306,843 over the last ninety days. 0.60% of the stock is currently owned by insiders.

Linde Stock Performance

LIN stock traded down $3.70 during midday trading on Wednesday, hitting $462.13. The company's stock had a trading volume of 1,071,707 shares, compared to its average volume of 2,256,547. Linde plc has a 1 year low of $410.69 and a 1 year high of $487.49. The stock has a market cap of $220.05 billion, a price-to-earnings ratio of 33.96, a PEG ratio of 3.05 and a beta of 0.94. The stock's 50-day moving average price is $435.53 and its 200 day moving average price is $454.12. 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 - Get Free Report) last issued its quarterly earnings results on Thursday, February 6th. The basic materials company reported $3.97 earnings per share 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%. On average, equities analysts forecast that Linde plc will post 16.54 EPS for the current year.

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.