Kingsview Wealth Management LLC Buys 387 Shares of Linde plc (NASDAQ:LIN)

Kingsview Wealth Management LLC grew its stake in shares of Linde plc (NASDAQ:LIN) by 7.4% during the fourth quarter, Holdings Channel.com reports. The institutional investor owned 5,616 shares of the basic materials company’s stock after acquiring an additional 387 shares during the quarter. Kingsview Wealth Management LLC’s holdings in Linde were worth $2,351,000 at the end of the most recent quarter.

Several other institutional investors also recently modified their holdings of LIN. Synergy Asset Management LLC acquired a new stake in Linde during the 4th quarter worth $25,000. Kozak & Associates Inc. acquired a new position in Linde in the third quarter valued at about $34,000. Global Wealth Strategies & Associates increased its holdings in shares of Linde by 144.8% in the fourth quarter. Global Wealth Strategies & Associates now owns 71 shares of the basic materials company’s stock worth $30,000 after acquiring an additional 42 shares in the last quarter. Retirement Wealth Solutions LLC acquired a new stake in shares of Linde during the fourth quarter worth about $34,000. Finally, Capital Performance Advisors LLP bought a new position in shares of Linde during the 3rd quarter valued at about $43,000. 82.80% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

A number of analysts recently issued reports on LIN shares. 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. Deutsche Bank Aktiengesellschaft increased their price objective on shares of Linde from $510.00 to $515.00 and gave the stock a “buy” rating in a research report on Friday, November 1st. TD Cowen raised shares of Linde from a “hold” rating to a “buy” rating and boosted their price objective for the company from $480.00 to $515.00 in a research report on Monday, January 13th. Mizuho increased their target price on Linde from $520.00 to $530.00 and gave the stock an “outperform” rating in a report on Friday, November 1st. Finally, Erste Group Bank restated a “hold” rating on shares of Linde in a report on Tuesday, November 19th. Four investment analysts have rated the stock with a hold rating and nine have assigned a buy rating to the company’s stock. According to MarketBeat, Linde presently has a consensus rating of “Moderate Buy” and an average target price of $501.82.

Linde Price Performance

NASDAQ:LIN opened at $460.86 on Tuesday. Linde plc has a 52-week low of $410.69 and a 52-week high of $487.49. The company has a market cap of $219.44 billion, a P/E ratio of 33.86, a P/E/G ratio of 2.89 and a beta of 0.94. The company has a debt-to-equity ratio of 0.39, a quick ratio of 0.81 and a current ratio of 0.89. The stock’s 50-day simple moving average is $434.36 and its 200 day simple moving average is $453.66.

Linde (NASDAQ:LIN) last posted its quarterly earnings results on Thursday, February 6th. The basic materials company reported $3.97 earnings per share for the quarter, topping the consensus estimate of $3.93 by $0.04. Linde had a return on equity of 18.71% and a net margin of 19.89%. As a group, sell-side analysts forecast that Linde plc will post 16.55 EPS for the current fiscal year.

Insiders Place Their Bets

In other news, VP Guillermo Bichara sold 4,385 shares of the firm’s stock in a transaction dated 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 sale, the vice president now owns 22,776 shares in the company, valued at approximately $10,493,586.48. This trade represents a 16.14 % decrease in their position. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. Also, Director Paula Rosput Reynolds purchased 100 shares of the firm’s stock in a transaction that occurred on 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. The trade was a 75.19 % increase in their position. The disclosure for this purchase can be found here. 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.