Arcus Capital Partners LLC acquired a new position in Linde plc (NASDAQ:LIN - Free Report) during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor acquired 1,901 shares of the basic materials company's stock, valued at approximately $883,000.
A number of other hedge funds have also recently made changes to their positions in the stock. Synergy Asset Management LLC purchased a new position in Linde during the 4th quarter valued at about $25,000. Strategic Financial Concepts LLC acquired a new stake in shares of Linde during the fourth quarter worth about $28,000. Global Wealth Strategies & Associates lifted its position in shares of Linde by 144.8% during the fourth quarter. Global Wealth Strategies & Associates now owns 71 shares of the basic materials company's stock worth $30,000 after purchasing an additional 42 shares in the last quarter. Kozak & Associates Inc. purchased a new position in shares of Linde in the third quarter valued at approximately $34,000. Finally, Retirement Wealth Solutions LLC acquired a new position in shares of Linde in the fourth quarter valued at approximately $34,000. Hedge funds and other institutional investors own 82.80% of the company's stock.
Linde Stock Up 1.9 %
LIN stock traded up $8.83 during midday trading on Tuesday, reaching $465.83. 2,808,502 shares of the company were exchanged, compared to its average volume of 2,301,429. The stock's 50-day simple moving average is $435.11 and its 200 day simple moving average is $454.04. Linde plc has a 1-year low of $410.69 and a 1-year 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 company has a market cap of $221.81 billion, a price-to-earnings ratio of 34.23, a price-to-earnings-growth ratio of 2.89 and a beta of 0.94.
Linde (NASDAQ:LIN - Get Free Report) last released its quarterly earnings data on Thursday, February 6th. The basic materials company reported $3.97 earnings per share (EPS) 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%. On average, equities analysts forecast that Linde plc will post 16.55 earnings per share for the current year.
Insiders Place Their Bets
In related news, VP David P. Strauss sold 2,218 shares of the firm's stock in a transaction dated Monday, December 16th. The stock was sold at an average price of $434.35, for a total transaction of $963,388.30. Following the transaction, the vice president now owns 25,926 shares of the company's stock, valued at $11,260,958.10. This trade represents a 7.88 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through this link. Also, Director Robert L. Wood sold 2,900 shares of the company's stock in a transaction that occurred on Monday, February 10th. The shares were sold at an average price of $456.26, for a total value of $1,323,154.00. Following the sale, the director now directly owns 14,013 shares of the company's stock, valued at approximately $6,393,571.38. This represents a 17.15 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 9,503 shares of company stock valued at $4,306,843 over the last quarter. Company insiders own 0.60% of the company's stock.
Analyst Ratings Changes
Several equities analysts have commented on LIN shares. Citigroup decreased their price target on shares of Linde from $490.00 to $480.00 and set a "neutral" rating for the company in a research report on Wednesday, December 18th. BMO Capital Markets lifted their target price on Linde from $477.00 to $507.00 and gave the company an "outperform" rating in a report on Friday, November 1st. TD Cowen upgraded Linde from a "hold" rating to a "buy" rating and upped their price target for the stock from $480.00 to $515.00 in a report on Monday, January 13th. Deutsche Bank Aktiengesellschaft lifted their price objective on Linde from $510.00 to $515.00 and gave the company a "buy" rating in a research note on Friday, November 1st. Finally, 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. Four investment analysts have rated the stock with a hold rating and nine have given a buy rating to the stock. Based on data from MarketBeat.com, the company has a consensus rating of "Moderate Buy" and a consensus price target of $501.82.
Read Our Latest Research Report on Linde
Linde Company Profile
(
Free Report)
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.
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