WBH Advisory Inc. Purchases Shares of 1,751 Linde plc (NASDAQ:LIN)

WBH Advisory Inc. bought a new position in shares of Linde plc (NASDAQ:LIN - Free Report) during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The firm bought 1,751 shares of the basic materials company's stock, valued at approximately $733,000.

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

Insider Activity

In other Linde news, Director Robert L. Wood sold 2,900 shares of the company's stock in a transaction dated Monday, February 10th. The shares were sold at an average price of $456.26, for a total transaction of $1,323,154.00. Following the sale, the director now directly owns 14,013 shares of the company's stock, valued at $6,393,571.38. This represents a 17.15 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, VP Guillermo Bichara sold 4,385 shares of the firm's stock in a transaction that occurred 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 completion of the transaction, the vice president now directly owns 22,776 shares of the company's stock, valued at approximately $10,493,586.48. This trade represents a 16.14 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 9,503 shares of company stock valued at $4,306,843 in the last three months. Company insiders own 0.60% of the company's stock.

Linde Stock Performance

Shares of LIN traded up $1.04 on Friday, reaching $462.94. 385,286 shares of the company's stock traded hands, compared to its average volume of 2,202,780. The stock's 50 day simple moving average is $436.43 and its two-hundred day simple moving average is $454.23. The company has a current ratio of 0.89, a quick ratio of 0.76 and a debt-to-equity ratio of 0.39. Linde plc has a 52-week low of $410.69 and a 52-week high of $487.49. The stock has a market cap of $220.43 billion, a PE ratio of 33.98, a PEG ratio of 3.08 and a beta of 0.94.

Linde (NASDAQ:LIN - Get Free Report) last released its earnings results on Thursday, February 6th. The basic materials company reported $3.97 EPS for the quarter, topping analysts' consensus estimates of $3.93 by $0.04. Linde had a return on equity of 18.71% and a net margin of 19.89%. On average, analysts forecast that Linde plc will post 16.54 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

A number of equities analysts recently issued reports on the company. TD Cowen upgraded Linde from a "hold" rating to a "buy" rating and increased their target price for the stock from $480.00 to $515.00 in a report on Monday, January 13th. Citigroup dropped their price objective on shares of Linde from $490.00 to $480.00 and set a "neutral" rating on the stock in a research note on Wednesday, December 18th. Mizuho boosted their target price on shares of Linde from $520.00 to $530.00 and gave the stock an "outperform" rating in a research report on Friday, November 1st. Deutsche Bank Aktiengesellschaft raised their price target 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, BMO Capital Markets boosted their price objective on Linde from $477.00 to $507.00 and gave the stock an "outperform" rating in a report on Friday, November 1st. Four equities research analysts have rated the stock with a hold rating and nine have issued a buy rating to the stock. According to data from MarketBeat, the company presently has a consensus rating of "Moderate Buy" and a consensus 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.