Guyasuta Investment Advisors Inc. Acquires 193 Shares of Linde plc (NASDAQ:LIN)

Guyasuta Investment Advisors Inc. boosted its holdings in shares of Linde plc (NASDAQ:LIN) by 0.2% during the 4th quarter, Holdings Channel.com reports. The fund owned 91,147 shares of the basic materials company’s stock after purchasing an additional 193 shares during the period. Linde comprises approximately 2.4% of Guyasuta Investment Advisors Inc.’s investment portfolio, making the stock its 15th biggest position. Guyasuta Investment Advisors Inc.’s holdings in Linde were worth $38,160,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC raised its position in shares of Linde by 372.8% during the third 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 valued at $1,567,958,000 after buying an additional 2,592,682 shares during the last quarter. International Assets Investment Management LLC raised its position in shares of Linde by 47,830.2% during 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 buying an additional 934,123 shares during the last quarter. Assenagon Asset Management S.A. raised its position in shares of Linde by 2,293.0% during the fourth quarter. Assenagon Asset Management S.A. now owns 782,461 shares of the basic materials company’s stock valued at $327,593,000 after buying an additional 749,763 shares during the last quarter. AMF Tjanstepension AB raised its position in shares of Linde by 108.7% during the third quarter. AMF Tjanstepension AB now owns 784,477 shares of the basic materials company’s stock valued at $374,086,000 after buying an additional 408,659 shares during the last quarter. Finally, KBC Group NV raised its position in Linde by 131.6% in the third quarter. KBC Group NV now owns 621,444 shares of the basic materials company’s stock worth $296,342,000 after purchasing an additional 353,136 shares in the last quarter. Institutional investors own 82.80% of the company’s stock.

Linde Trading Down 0.9 %

LIN opened at $457.00 on Friday. The firm’s fifty day moving average is $434.67 and its two-hundred day moving average is $453.94. 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 firm has a market cap of $217.61 billion, a PE ratio of 33.58, a price-to-earnings-growth ratio of 2.89 and a beta of 0.94. Linde plc has a twelve month low of $410.69 and a twelve month high of $487.49.

Linde (NASDAQ:LIN) last posted its 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 net margin of 19.89% and a return on equity of 18.71%. Equities research analysts anticipate that Linde plc will post 16.55 EPS for the current year.

Insiders Place Their Bets

In related news, Director Paula Rosput Reynolds acquired 100 shares of the company’s stock in a transaction that occurred on Thursday, December 12th. The shares were acquired at an average cost of $441.34 per share, for a total transaction of $44,134.00. Following the completion of the acquisition, the director now directly owns 233 shares in the company, valued at approximately $102,832.22. The trade was a 75.19 % increase in their position. The purchase was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, Director Robert L. Wood sold 2,900 shares of Linde stock in a transaction on 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 completion of the sale, the director now owns 14,013 shares in the company, valued at $6,393,571.38. The trade was a 17.15 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last three months, insiders have sold 9,503 shares of company stock worth $4,306,843. Company insiders own 0.60% of the company’s stock.

Analyst Ratings Changes

Several research firms recently issued reports on LIN. Citigroup dropped 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. Deutsche Bank Aktiengesellschaft raised their price objective on shares of Linde from $510.00 to $515.00 and gave the stock a “buy” rating in a report on Friday, November 1st. 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 report on Monday, January 13th. BMO Capital Markets raised their price objective on shares of Linde from $477.00 to $507.00 and gave the stock an “outperform” rating in a report on Friday, November 1st. Finally, Erste Group Bank reaffirmed 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 data from MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus target price of $501.82.

Linde 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.