Geneos Wealth Management Inc. bought a new position in shares of Linde plc (NASDAQ:LIN - Free Report) during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor bought 2,215 shares of the basic materials company's stock, valued at approximately $927,000.
Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Global Wealth Strategies & Associates increased its position 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 purchasing an additional 42 shares in the last quarter. Kozak & Associates Inc. acquired a new stake in shares of Linde during the 3rd quarter worth about $34,000. Retirement Wealth Solutions LLC purchased a new stake in shares of Linde during the fourth quarter worth about $34,000. Capital Performance Advisors LLP acquired a new position in shares of Linde in the third quarter valued at approximately $43,000. Finally, Decker Retirement Planning Inc. purchased a new position in shares of Linde during the fourth quarter valued at approximately $47,000. 82.80% of the stock is owned by institutional investors and hedge funds.
Linde Trading Down 0.6 %
Shares of LIN stock traded down $2.48 during trading hours on Tuesday, reaching $437.01. 975,762 shares of the stock traded hands, compared to its average volume of 2,245,660. The business has a fifty day moving average price of $435.27 and a 200 day moving average price of $453.36. The firm has a market capitalization of $208.09 billion, a PE ratio of 33.19, a PEG ratio of 2.74 and a beta of 0.94. Linde plc has a 1-year low of $396.07 and a 1-year high of $487.49. The company has a quick ratio of 0.81, a current ratio of 0.96 and a debt-to-equity ratio of 0.43.
Linde (NASDAQ:LIN - Get Free Report) last posted its quarterly earnings results on Thursday, October 31st. The basic materials company reported $3.94 EPS for the quarter, topping the consensus estimate of $3.89 by $0.05. Linde had a net margin of 19.33% and a return on equity of 18.16%. The business had revenue of $8.36 billion during the quarter, compared to analysts' expectations of $8.39 billion. During the same period last year, the company posted $3.63 earnings per share. The firm's quarterly revenue was up 1.9% compared to the same quarter last year. On average, equities research analysts forecast that Linde plc will post 15.45 EPS for the current year.
Analyst Upgrades and Downgrades
A number of equities analysts have weighed in on the stock. Erste Group Bank reiterated a "hold" rating on shares of Linde in a report on Tuesday, November 19th. Deutsche Bank Aktiengesellschaft increased their price objective on shares of Linde from $510.00 to $515.00 and gave the stock a "buy" rating in a research report on Friday, November 1st. Citigroup reduced their target price on shares of Linde from $490.00 to $480.00 and set a "neutral" rating on the stock in a report on Wednesday, December 18th. BMO Capital Markets increased their price target on Linde from $477.00 to $507.00 and gave the company an "outperform" rating in a report on Friday, November 1st. Finally, TD Cowen upgraded Linde from a "hold" rating to a "buy" rating and boosted their price objective for the stock from $480.00 to $515.00 in a research note on Monday, January 13th. Four research analysts have rated the stock with a hold rating and nine have assigned a buy rating to the stock. According to MarketBeat, Linde presently has an average rating of "Moderate Buy" and a consensus price target of $501.82.
Get Our Latest Stock Report on LIN
Insider Buying and Selling at Linde
In related news, Director Paula Rosput Reynolds acquired 100 shares of the company's stock in a transaction dated Thursday, December 12th. The shares were bought at an average price of $441.34 per share, for a total transaction of $44,134.00. Following the acquisition, the director now owns 233 shares in the company, valued at $102,832.22. This trade represents a 75.19 % increase in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, VP Guillermo Bichara sold 4,385 shares of the stock in a transaction dated Wednesday, December 4th. The shares were sold at an average price of $460.73, for a total transaction of $2,020,301.05. Following the completion of the sale, the vice president now owns 22,776 shares of the company's stock, valued at approximately $10,493,586.48. The trade was a 16.14 % decrease in their position. The disclosure for this sale can be found here. Corporate insiders own 0.60% of the company's stock.
About Linde
(
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
Before you consider Linde, you'll want to hear this.
MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and Linde wasn't on the list.
While Linde currently has a "Moderate Buy" rating among analysts, top-rated analysts believe these five stocks are better buys.
View The Five Stocks Here
Wondering where to start (or end) with AI stocks? These 10 simple stocks can help investors build long-term wealth as artificial intelligence continues to grow into the future.
Get This Free Report
Like this article? Share it with a colleague.
Link copied to clipboard.
