Linde plc (NASDAQ:LIN) Shares Bought by Perigon Wealth Management LLC

Perigon Wealth Management LLC lifted its position in Linde plc (NASDAQ:LIN - Free Report) by 53.6% during the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 6,571 shares of the basic materials company's stock after buying an additional 2,292 shares during the period. Perigon Wealth Management LLC's holdings in Linde were worth $2,842,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors have also added to or reduced their stakes in the company. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC raised its position in shares of Linde by 372.8% during the third 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 valued at $1,567,958,000 after buying an additional 2,592,682 shares during the last quarter. International Assets Investment Management LLC lifted its stake in Linde by 47,830.2% in the 3rd quarter. International Assets Investment Management LLC now owns 936,076 shares of the basic materials company's stock worth $446,377,000 after purchasing an additional 934,123 shares in the last quarter. Assenagon Asset Management S.A. boosted its holdings in shares of Linde by 2,293.0% during the 4th quarter. Assenagon Asset Management S.A. now owns 782,461 shares of the basic materials company's stock valued at $327,593,000 after purchasing an additional 749,763 shares during the last quarter. AMF Tjanstepension AB boosted its holdings in shares of Linde by 108.7% during the 3rd quarter. AMF Tjanstepension AB now owns 784,477 shares of the basic materials company's stock valued at $374,086,000 after purchasing an additional 408,659 shares during the last quarter. Finally, KBC Group NV grew its position in shares of Linde by 131.6% during the third quarter. KBC Group NV now owns 621,444 shares of the basic materials company's stock valued at $296,342,000 after purchasing an additional 353,136 shares in the last quarter. 82.80% of the stock is currently owned by institutional investors.

Linde Price Performance

Shares of LIN stock traded up $8.06 during trading hours on Thursday, hitting $446.38. 2,508,048 shares of the company's stock were exchanged, compared to its average volume of 2,344,907. 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 fifty-two week low of $396.07 and a fifty-two week high of $487.49. The firm has a market cap of $212.55 billion, a P/E ratio of 33.89, a P/E/G ratio of 2.74 and a beta of 0.94. The firm has a 50 day moving average of $434.86 and a two-hundred day moving average of $453.22.

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

Wall Street Analyst Weigh In

LIN has been the subject of a number of analyst reports. Erste Group Bank reaffirmed a "hold" rating on shares of Linde in a report on Tuesday, November 19th. Citigroup dropped their target price on Linde from $490.00 to $480.00 and set a "neutral" rating for the company in a report on Wednesday, December 18th. BMO Capital Markets raised their price target on Linde from $477.00 to $507.00 and gave the stock an "outperform" rating in a research report on Friday, November 1st. Deutsche Bank Aktiengesellschaft boosted their price objective on shares of Linde from $510.00 to $515.00 and gave the company a "buy" rating in a research report on Friday, November 1st. Finally, TD Cowen upgraded shares of Linde from a "hold" rating to a "buy" rating and upped their price target for the company from $480.00 to $515.00 in a report on Monday, January 13th. Four analysts have rated the stock with a hold rating and nine have issued a buy rating to the company's stock. According to MarketBeat, the company has a consensus rating of "Moderate Buy" and an average target price of $501.82.

Insider Activity at Linde

In related news, VP David P. Strauss sold 2,218 shares of the 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 transaction, the vice president now directly owns 25,926 shares of the company's stock, valued at $11,260,958.10. This trade represents a 7.88 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, VP Guillermo Bichara sold 4,385 shares of Linde stock in a transaction on 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 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. Company insiders own 0.60% of the company's stock.

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.