S.A. Mason LLC Boosts Position in Linde plc (NASDAQ:LIN)

S.A. Mason LLC lifted its holdings in shares of Linde plc (NASDAQ:LIN) by 18.7% in the fourth quarter, Holdings Channel.com reports. The fund owned 355 shares of the basic materials company’s stock after purchasing an additional 56 shares during the period. S.A. Mason LLC’s holdings in Linde were worth $149,000 at the end of the most recent quarter.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. AMF Tjanstepension AB grew 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 worth $374,086,000 after acquiring an additional 408,659 shares during the period. Czech National Bank boosted its position in shares of Linde by 6.9% during the third quarter. Czech National Bank now owns 97,927 shares of the basic materials company’s stock valued at $46,697,000 after purchasing an additional 6,321 shares in the last quarter. GAMMA Investing LLC grew its stake in Linde by 15.7% in the third quarter. GAMMA Investing LLC now owns 5,508 shares of the basic materials company’s stock worth $2,627,000 after purchasing an additional 747 shares during the period. Diversified Trust Co raised its holdings in Linde by 18.4% in the third quarter. Diversified Trust Co now owns 5,230 shares of the basic materials company’s stock worth $2,494,000 after purchasing an additional 811 shares in the last quarter. Finally, Consilio Wealth Advisors LLC purchased a new position in Linde during the third quarter valued at $232,000. Hedge funds and other institutional investors own 82.80% of the company’s stock.

Insider Buying and Selling

In other Linde news, Director Paula Rosput Reynolds purchased 100 shares of Linde stock in a transaction dated Thursday, December 12th. The stock was purchased at an average price of $441.34 per share, with a total value of $44,134.00. Following the transaction, the director now directly owns 233 shares of the company’s stock, valued at $102,832.22. This trade represents a 75.19 % increase in their ownership of the stock. The purchase was disclosed in a filing with the Securities & Exchange Commission, which is accessible 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 in the company, 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. 0.60% of the stock is currently owned by corporate insiders.

Wall Street Analyst Weigh In

A number of analysts have recently weighed in on LIN shares. Erste Group Bank reaffirmed a “hold” rating on shares of Linde in a research report on Tuesday, November 19th. Deutsche Bank Aktiengesellschaft lifted their target price on shares of Linde from $510.00 to $515.00 and gave the company a “buy” rating in a report on Friday, November 1st. Mizuho upped their price target on Linde from $520.00 to $530.00 and gave the stock an “outperform” rating in a research note on Friday, November 1st. TD Cowen upgraded Linde from a “hold” rating to a “buy” rating and lifted their price objective for the company from $480.00 to $515.00 in a research note on Monday, January 13th. Finally, BMO Capital Markets increased 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 research analysts have rated the stock with a hold rating and nine have issued a buy rating to the company’s stock. According to data from MarketBeat.com, Linde currently has a consensus rating of “Moderate Buy” and an average target price of $501.82.

Linde Trading Down 0.1 %

Linde stock opened at $446.12 on Monday. Linde plc has a one year low of $396.07 and a one year high of $487.49. The business’s fifty day moving average is $434.54 and its 200 day moving average is $453.28. The stock has a market capitalization of $212.42 billion, a PE ratio of 33.87, a price-to-earnings-growth ratio of 2.77 and a beta of 0.94. The company has a debt-to-equity ratio of 0.43, a current ratio of 0.96 and a quick ratio of 0.81.

Linde (NASDAQ:LIN) last announced its quarterly earnings results on Thursday, October 31st. The basic materials company reported $3.94 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $3.89 by $0.05. Linde had a net margin of 19.33% and a return on equity of 18.16%. 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 firm posted $3.63 EPS. The business’s quarterly revenue was up 1.9% compared to the same quarter last year. On average, sell-side analysts predict that Linde plc will post 15.45 EPS for the current year.

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.