SYM FINANCIAL Corp Acquires New Holdings in Linde plc (NASDAQ:LIN)

SYM FINANCIAL Corp bought a new stake in Linde plc (NASDAQ:LIN - Free Report) in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor bought 1,493 shares of the basic materials company's stock, valued at approximately $625,000.

Several other large investors have also recently bought and sold shares of the stock. Synergy Asset Management LLC bought a new stake in Linde during the fourth quarter worth approximately $25,000. Global Wealth Strategies & Associates lifted its position in shares of Linde by 144.8% during the 4th quarter. Global Wealth Strategies & Associates now owns 71 shares of the basic materials company's stock valued at $30,000 after acquiring an additional 42 shares during the last quarter. Kozak & Associates Inc. acquired a new stake in shares of Linde during the 3rd quarter valued at $34,000. Retirement Wealth Solutions LLC bought a new stake in shares of Linde during the 4th quarter worth $34,000. Finally, Hanson & Doremus Investment Management grew its holdings in shares of Linde by 34.2% in the 4th quarter. Hanson & Doremus Investment Management now owns 98 shares of the basic materials company's stock worth $41,000 after acquiring an additional 25 shares during the last quarter. Institutional investors and hedge funds own 82.80% of the company's stock.

Linde Price Performance

Shares of LIN opened at $446.12 on Friday. The stock has a 50 day simple moving average of $434.54 and a 200 day simple moving average of $453.23. Linde plc has a 52-week low of $396.07 and a 52-week high of $487.49. The company has a debt-to-equity ratio of 0.43, a quick ratio of 0.81 and a current ratio of 0.96. The firm has a market capitalization of $212.42 billion, a PE ratio of 33.87, a P/E/G ratio of 2.72 and a beta of 0.94.

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

Analyst Upgrades and Downgrades

A number of research firms have commented on LIN. Erste Group Bank reaffirmed a "hold" rating on shares of Linde in a research note on Tuesday, November 19th. Citigroup reduced their price target 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. TD Cowen raised 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 research note on Monday, January 13th. BMO Capital Markets boosted their target price on shares of Linde from $477.00 to $507.00 and gave the company an "outperform" rating in a research note on Friday, November 1st. Finally, Deutsche Bank Aktiengesellschaft raised their target price on Linde from $510.00 to $515.00 and gave the stock a "buy" rating in a research report on Friday, November 1st. Four analysts have rated the stock with a hold rating and nine have issued a buy rating to the company. According to data from MarketBeat, the stock has a consensus rating of "Moderate Buy" and an average target price of $501.82.

Insider Activity at Linde

In related news, Director Paula Rosput Reynolds bought 100 shares of the business's stock in a transaction dated Thursday, December 12th. The stock was bought at an average price of $441.34 per share, for a total transaction of $44,134.00. Following the purchase, the director now owns 233 shares in the company, valued at $102,832.22. This 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 this hyperlink. Also, VP David P. Strauss sold 2,218 shares of the firm's stock in a transaction that occurred on Monday, December 16th. The stock was sold at an average price of $434.35, for a total transaction of $963,388.30. Following the sale, the vice president now owns 25,926 shares of the company's stock, valued at $11,260,958.10. This trade represents a 7.88 % decrease in their ownership of the stock. The disclosure for this sale can be found here. 0.60% of the stock is owned by company insiders.

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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