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Busey Bank Boosts Position in Linde plc (NASDAQ:LIN)

Linde logo with Basic Materials background

Busey Bank grew its holdings in shares of Linde plc (NASDAQ:LIN - Free Report) by 3.0% during the fourth quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 43,478 shares of the basic materials company's stock after buying an additional 1,254 shares during the period. Busey Bank's holdings in Linde were worth $18,203,000 as of its most recent filing with the SEC.

Several other hedge funds also recently modified their holdings of LIN. Geode Capital Management LLC grew its holdings in 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 worth $5,217,197,000 after buying an additional 154,792 shares in the last quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC boosted its holdings in Linde by 372.8% during 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 worth $1,567,958,000 after acquiring an additional 2,592,682 shares during the last quarter. Charles Schwab Investment Management Inc. grew its stake in shares of Linde by 1.7% in 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 acquiring an additional 50,882 shares in the last quarter. Impax Asset Management Group plc lifted its position in shares of Linde by 2.4% during the third quarter. Impax Asset Management Group plc now owns 2,374,339 shares of the basic materials company's stock valued at $1,130,986,000 after purchasing an additional 56,775 shares in the last quarter. Finally, Nordea Investment Management AB boosted its holdings in Linde by 2.2% during the fourth quarter. Nordea Investment Management AB now owns 2,145,643 shares of the basic materials company's stock worth $898,188,000 after purchasing an additional 46,843 shares during the last quarter. Institutional investors own 82.80% of the company's stock.

Linde Stock Performance

Linde stock traded up $6.24 during mid-day trading on Monday, reaching $452.36. The company's stock had a trading volume of 1,225,224 shares, compared to its average volume of 2,313,816. The firm's fifty day moving average price is $434.54 and its two-hundred day moving average price is $453.31. The company has a debt-to-equity ratio of 0.43, a quick ratio of 0.81 and a current ratio of 0.96. Linde plc has a 12-month low of $396.07 and a 12-month high of $487.49. The company has a market capitalization of $215.40 billion, a P/E ratio of 34.37, a PEG ratio of 2.77 and a beta of 0.94.

Linde (NASDAQ:LIN - Get Free Report) last released its quarterly earnings data on Thursday, October 31st. The basic materials company reported $3.94 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $3.89 by $0.05. Linde had a return on equity of 18.16% and a net margin of 19.33%. The company had revenue of $8.36 billion for the quarter, compared to analyst estimates of $8.39 billion. During the same period in the previous year, the company posted $3.63 EPS. The firm's revenue for the quarter was up 1.9% compared to the same quarter last year. Sell-side analysts predict that Linde plc will post 15.45 EPS for the current fiscal year.

Wall Street Analyst Weigh In

LIN has been the topic of a number of research analyst reports. Deutsche Bank Aktiengesellschaft boosted their target price on Linde from $510.00 to $515.00 and gave the stock a "buy" rating in a research note on Friday, November 1st. Mizuho upped their price objective on Linde from $520.00 to $530.00 and gave the company an "outperform" rating in a research note on Friday, November 1st. Erste Group Bank reiterated a "hold" rating on shares of Linde in a research note on Tuesday, November 19th. BMO Capital Markets boosted their price target on shares of Linde from $477.00 to $507.00 and gave the stock an "outperform" rating in a report on Friday, November 1st. Finally, TD Cowen upgraded shares of 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 report on Monday, January 13th. Four investment analysts have rated the stock with a hold rating and nine have assigned a buy rating to the stock. According to MarketBeat, the company currently has a consensus rating of "Moderate Buy" and a consensus target price of $501.82.

Get Our Latest Stock Analysis on Linde

Insider Activity

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

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.

See Also

Institutional Ownership by Quarter for Linde (NASDAQ:LIN)

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