Linde plc (NASDAQ:LIN) Shares Bought by Chicago Partners Investment Group LLC

Chicago Partners Investment Group LLC grew its position in Linde plc (NASDAQ:LIN - Free Report) by 18.8% in the fourth quarter, according to the company in its most recent disclosure with the SEC. The firm owned 3,918 shares of the basic materials company's stock after acquiring an additional 619 shares during the period. Chicago Partners Investment Group LLC's holdings in Linde were worth $1,646,000 at the end of the most recent quarter.

Several other hedge funds have also modified their holdings of LIN. Trifecta Capital Advisors LLC raised its stake in Linde by 16.9% in the 3rd quarter. Trifecta Capital Advisors LLC now owns 145 shares of the basic materials company's stock valued at $69,000 after purchasing an additional 21 shares during the last quarter. Prentice Wealth Management LLC raised its position in shares of Linde by 1.7% in the third quarter. Prentice Wealth Management LLC now owns 1,367 shares of the basic materials company's stock valued at $652,000 after buying an additional 23 shares during the last quarter. Quotient Wealth Partners LLC lifted its stake in shares of Linde by 0.9% in the third quarter. Quotient Wealth Partners LLC now owns 2,706 shares of the basic materials company's stock worth $1,290,000 after buying an additional 23 shares in the last quarter. Regent Peak Wealth Advisors LLC boosted its position in Linde by 1.3% during the third quarter. Regent Peak Wealth Advisors LLC now owns 1,831 shares of the basic materials company's stock worth $873,000 after acquiring an additional 23 shares during the last quarter. Finally, CVA Family Office LLC grew its stake in Linde by 2.9% during the 3rd quarter. CVA Family Office LLC now owns 851 shares of the basic materials company's stock valued at $406,000 after acquiring an additional 24 shares in the last quarter. 82.80% of the stock is owned by hedge funds and other institutional investors.

Linde Stock Down 0.1 %

Shares of Linde stock opened at $446.12 on Friday. The company has a market capitalization of $212.42 billion, a P/E ratio of 33.87, a P/E/G ratio of 2.72 and a beta of 0.94. The company has a 50 day moving average of $434.54 and a 200 day moving average of $453.23. 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 plc has a 52-week low of $396.07 and a 52-week high of $487.49.

Linde (NASDAQ:LIN - Get Free Report) last posted its earnings results on Thursday, October 31st. The basic materials company reported $3.94 earnings per share for the quarter, topping the consensus estimate of $3.89 by $0.05. The firm had revenue of $8.36 billion during the quarter, compared to analysts' expectations of $8.39 billion. Linde had a return on equity of 18.16% and a net margin of 19.33%. The firm's revenue was up 1.9% compared to the same quarter last year. During the same quarter in the previous year, the business earned $3.63 earnings per share. As a group, research analysts forecast that Linde plc will post 15.45 EPS for the current fiscal year.

Insider Activity at Linde

In related news, VP David P. Strauss sold 2,218 shares of the company's 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 completion of the sale, the vice president now owns 25,926 shares in the company, valued at $11,260,958.10. This represents a 7.88 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, VP Guillermo Bichara sold 4,385 shares of the firm's stock in a transaction on Wednesday, December 4th. The stock was sold at an average price of $460.73, for a total transaction of $2,020,301.05. Following the transaction, the vice president now directly owns 22,776 shares in the company, valued at $10,493,586.48. The trade was a 16.14 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders own 0.60% of the company's stock.

Wall Street Analysts Forecast Growth

A number of research firms have weighed in on LIN. Citigroup lowered 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. Mizuho boosted their price target on shares of Linde from $520.00 to $530.00 and gave the company an "outperform" rating in a research report on Friday, November 1st. Deutsche Bank Aktiengesellschaft lifted their target price on shares of Linde from $510.00 to $515.00 and gave the stock a "buy" rating in a research note on Friday, November 1st. TD Cowen upgraded shares of Linde from a "hold" rating to a "buy" rating and raised their price target for the stock from $480.00 to $515.00 in a report on Monday, January 13th. Finally, BMO Capital Markets raised their target price on Linde from $477.00 to $507.00 and gave the stock an "outperform" rating in a research note on Friday, November 1st. Four equities research analysts have rated the stock with a hold rating and nine have given a buy rating to the company. According to data from MarketBeat.com, the company currently has a consensus rating of "Moderate Buy" and an average price target of $501.82.

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.

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