Indie Asset Partners LLC Grows Position in Linde plc (NASDAQ:LIN)

Indie Asset Partners LLC lifted its stake in Linde plc (NASDAQ:LIN) by 10.3% in the 4th quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 598 shares of the basic materials company’s stock after purchasing an additional 56 shares during the quarter. Indie Asset Partners LLC’s holdings in Linde were worth $250,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also modified their holdings of the stock. Synergy Asset Management LLC purchased a new stake in Linde in the 4th quarter valued at about $25,000. Strategic Financial Concepts LLC purchased a new position in shares of Linde in the 4th quarter valued at about $28,000. Global Wealth Strategies & Associates grew its holdings in Linde by 144.8% during the 4th 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 position in shares of Linde during the fourth quarter worth $34,000. Finally, Kozak & Associates Inc. increased its holdings in shares of Linde by 38.6% in the 4th quarter. Kozak & Associates Inc. now owns 97 shares of the basic materials company’s stock valued at $40,000 after acquiring an additional 27 shares during the last quarter. 82.80% of the stock is owned by institutional investors and hedge funds.

Insider Activity

In other Linde news, Director Paula Rosput Reynolds acquired 100 shares of the company’s stock in a transaction that occurred on Thursday, December 12th. The stock was acquired at an average price of $441.34 per share, for a total transaction of $44,134.00. Following the acquisition, the director now directly owns 233 shares in the company, valued at $102,832.22. This represents a 75.19 % increase in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. Also, VP David P. Strauss sold 2,218 shares of the company’s stock in a transaction on Monday, December 16th. The shares were sold at an average price of $434.35, for a total transaction of $963,388.30. Following the completion of the sale, the vice president now directly owns 25,926 shares in the company, valued at approximately $11,260,958.10. This represents a 7.88 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 16,285 shares of company stock valued at $7,423,986 over the last ninety days. 0.60% of the stock is currently owned by company insiders.

Wall Street Analysts Forecast Growth

Several research analysts have recently issued reports on the stock. Mizuho upped their target price on shares of Linde from $520.00 to $530.00 and gave the company an “outperform” rating in a report on Friday, November 1st. BMO Capital Markets upped 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. Deutsche Bank Aktiengesellschaft lifted their target price 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. Erste Group Bank reaffirmed a “hold” rating on shares of Linde in a research note on Tuesday, November 19th. Finally, Citigroup reduced their price objective on Linde from $490.00 to $480.00 and set a “neutral” rating on the stock in a research note on Wednesday, December 18th. Four investment analysts have rated the stock with a hold rating and nine have issued a buy rating to the company’s stock. According to MarketBeat.com, Linde has a consensus rating of “Moderate Buy” and a consensus target price of $501.82.

Linde Stock Down 0.8 %

LIN opened at $458.00 on Friday. The firm’s 50-day simple moving average is $436.88 and its 200-day simple moving average is $454.33. Linde plc has a twelve month low of $410.69 and a twelve month high of $487.49. The firm has a market cap of $218.08 billion, a price-to-earnings ratio of 33.65, a PEG ratio of 3.08 and a beta of 0.94. The company has a debt-to-equity ratio of 0.39, a quick ratio of 0.76 and a current ratio of 0.89.

Linde (NASDAQ:LIN) last issued its earnings results on Thursday, February 6th. The basic materials company reported $3.97 EPS for the quarter, beating 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 16.54 EPS for the current fiscal year.

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.