Sargent Investment Group LLC Buys 39 Shares of Linde plc (NASDAQ:LIN)

Sargent Investment Group LLC boosted its position in Linde plc (NASDAQ:LIN) by 0.9% in the 4th quarter, according to its most recent filing with the SEC. The fund owned 4,483 shares of the basic materials company’s stock after purchasing an additional 39 shares during the period. Sargent Investment Group LLC’s holdings in Linde were worth $1,889,000 as of its most recent filing with the SEC.

A number of other institutional investors have also recently bought and sold shares of the business. Trifecta Capital Advisors LLC raised its holdings 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 acquiring an additional 21 shares during the period. Quotient Wealth Partners LLC increased its stake in shares of Linde by 0.9% during the third quarter. Quotient Wealth Partners LLC now owns 2,706 shares of the basic materials company’s stock worth $1,290,000 after purchasing an additional 23 shares during the period. Regent Peak Wealth Advisors LLC lifted its holdings in Linde by 1.3% during the 3rd quarter. Regent Peak Wealth Advisors LLC now owns 1,831 shares of the basic materials company’s stock worth $873,000 after purchasing an additional 23 shares during the last quarter. Concord Asset Management LLC VA boosted its stake in Linde by 0.5% in the 4th quarter. Concord Asset Management LLC VA now owns 4,774 shares of the basic materials company’s stock valued at $1,999,000 after purchasing an additional 23 shares during the period. Finally, CVA Family Office LLC boosted its position in shares of Linde by 2.9% in the third 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 during the period. Institutional investors and hedge funds own 82.80% of the company’s stock.

Wall Street Analyst Weigh In

A number of analysts have issued reports on the stock. Erste Group Bank reissued a “hold” rating on shares of Linde in a report on Tuesday, November 19th. Deutsche Bank Aktiengesellschaft upped their target price on Linde from $510.00 to $515.00 and gave the company a “buy” rating in a research report on Friday, November 1st. 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. TD Cowen raised shares of Linde from a “hold” rating to a “buy” rating and upped their price objective for the stock from $480.00 to $515.00 in a research report on Monday, January 13th. Finally, Citigroup decreased their target price on shares of Linde from $490.00 to $480.00 and set a “neutral” rating on the stock in a report on Wednesday, December 18th. Four research analysts have rated the stock with a hold rating and nine have given a buy rating to the company. According to MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $501.82.

Insider Buying and Selling

In other Linde news, VP David P. Strauss sold 2,218 shares of Linde stock in a transaction dated Monday, December 16th. The stock was sold at an average price of $434.35, for a total transaction of $963,388.30. Following the transaction, the vice president now directly owns 25,926 shares of the company’s stock, valued at approximately $11,260,958.10. The trade was a 7.88 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, Director Paula Rosput Reynolds acquired 100 shares of the stock in a transaction dated Thursday, December 12th. The shares were bought at an average price of $441.34 per share, with a total value of $44,134.00. Following the completion of the transaction, the director now directly owns 233 shares of the company’s stock, valued at $102,832.22. The trade was a 75.19 % increase in their ownership of the stock. The disclosure for this purchase can be found here. 0.60% of the stock is currently owned by corporate insiders.

Linde Stock Performance

NASDAQ LIN opened at $454.80 on Wednesday. Linde plc has a fifty-two week low of $396.07 and a fifty-two week high of $487.49. The stock has a market cap of $216.56 billion, a PE ratio of 34.53, a PEG ratio of 2.77 and a beta of 0.94. 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’s fifty day moving average price is $434.51 and its two-hundred day moving average price is $453.37.

About Linde

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.