Empowered Funds LLC Purchases 1,104 Shares of Linde plc (NASDAQ:LIN)

Empowered Funds LLC raised its position in shares of Linde plc (NASDAQ:LIN - Free Report) by 12.2% in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 10,164 shares of the basic materials company's stock after buying an additional 1,104 shares during the period. Empowered Funds LLC's holdings in Linde were worth $4,255,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors also recently modified their holdings of LIN. Wilmington Savings Fund Society FSB increased its stake in shares of Linde by 32.0% in the 4th quarter. Wilmington Savings Fund Society FSB now owns 10,054 shares of the basic materials company's stock valued at $4,209,000 after buying an additional 2,435 shares during the period. Kingsview Wealth Management LLC lifted its stake in shares of Linde by 7.4% during the fourth quarter. Kingsview Wealth Management LLC now owns 5,616 shares of the basic materials company's stock valued at $2,351,000 after acquiring an additional 387 shares during the period. Apollon Wealth Management LLC boosted its holdings in Linde by 18.2% in the fourth quarter. Apollon Wealth Management LLC now owns 9,413 shares of the basic materials company's stock valued at $3,941,000 after acquiring an additional 1,447 shares during the last quarter. TFG Advisers LLC increased its position in Linde by 2.0% in the fourth quarter. TFG Advisers LLC now owns 3,712 shares of the basic materials company's stock worth $1,554,000 after purchasing an additional 73 shares during the period. Finally, Vest Financial LLC raised its holdings in Linde by 9.4% during the 4th quarter. Vest Financial LLC now owns 129,029 shares of the basic materials company's stock worth $54,021,000 after purchasing an additional 11,100 shares during the last quarter. Institutional investors own 82.80% of the company's stock.

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Analysts Set New Price Targets

LIN has been the topic of several recent research reports. TD Cowen raised shares of Linde from a "hold" rating to a "buy" rating and raised their target price for the company from $480.00 to $515.00 in a research note on Monday, January 13th. 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 dropped their target price 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. Deutsche Bank Aktiengesellschaft raised their price target on Linde from $510.00 to $515.00 and gave the stock a "buy" rating in a research report on Friday, November 1st. Finally, BMO Capital Markets upped their price objective on Linde from $477.00 to $507.00 and gave the company an "outperform" rating in a report 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 stock has a consensus rating of "Moderate Buy" and an average target price of $501.82.

Linde Stock Down 0.9 %

NASDAQ LIN traded down $4.05 during trading hours on Friday, reaching $457.00. 1,705,529 shares of the company's stock were exchanged, compared to its average volume of 2,276,889. 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 capitalization of $217.61 billion, a price-to-earnings ratio of 33.58, a price-to-earnings-growth ratio of 2.89 and a beta of 0.94. The company's 50-day moving average is $434.82 and its two-hundred day moving average is $453.99. Linde plc has a one year low of $410.69 and a one year high of $487.49.

Linde (NASDAQ:LIN - Get Free Report) last issued its quarterly earnings data on Thursday, February 6th. The basic materials company reported $3.97 earnings per share (EPS) for the quarter, topping 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, analysts forecast that Linde plc will post 16.55 EPS for the current fiscal year.

Insider Activity

In other Linde news, 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 value of $963,388.30. Following the sale, the vice president now directly owns 25,926 shares in the company, valued at approximately $11,260,958.10. The trade was a 7.88 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, Director Robert L. Wood sold 2,900 shares of the stock in a transaction dated Monday, February 10th. The stock was sold at an average price of $456.26, for a total transaction of $1,323,154.00. Following the transaction, the director now 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 worth $4,306,843 over the last three months. Corporate insiders own 0.60% of the company's stock.

About Linde

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.