MONECO Advisors LLC Purchases 174 Shares of Linde plc (NASDAQ:LIN)

MONECO Advisors LLC increased its position in shares of Linde plc (NASDAQ:LIN) by 19.0% during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 1,090 shares of the basic materials company’s stock after purchasing an additional 174 shares during the period. MONECO Advisors LLC’s holdings in Linde were worth $456,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds also recently bought and sold shares of the stock. Geode Capital Management LLC increased its holdings in Linde by 1.4% in the 3rd quarter. Geode Capital Management LLC now owns 10,973,175 shares of the basic materials company’s stock valued at $5,217,197,000 after acquiring an additional 154,792 shares during the last quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC increased its holdings in Linde by 372.8% in the 3rd 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 acquiring an additional 2,592,682 shares during the last quarter. Charles Schwab Investment Management Inc. increased its holdings in Linde by 1.7% in the 3rd quarter. Charles Schwab Investment Management Inc. now owns 3,015,882 shares of the basic materials company’s stock valued at $1,438,154,000 after acquiring an additional 50,882 shares during the last quarter. Impax Asset Management Group plc increased its holdings in Linde by 2.4% in the 3rd quarter. Impax Asset Management Group plc now owns 2,374,339 shares of the basic materials company’s stock valued at $1,130,986,000 after acquiring an additional 56,775 shares during the last quarter. Finally, Nordea Investment Management AB increased its holdings in Linde by 2.2% in the 4th quarter. Nordea Investment Management AB now owns 2,145,643 shares of the basic materials company’s stock valued at $898,188,000 after acquiring an additional 46,843 shares during the last quarter. 82.80% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

LIN has been the topic of a number of research reports. TD Cowen upgraded shares of Linde from a “hold” rating to a “buy” rating and lifted their price target for the company from $480.00 to $515.00 in a report on Monday, January 13th. BMO Capital Markets lifted their price target on shares of Linde from $477.00 to $507.00 and gave the company an “outperform” rating in a report on Friday, November 1st. Mizuho lifted their price objective on shares of Linde from $520.00 to $530.00 and gave the stock an “outperform” rating in a research note on Friday, November 1st. Deutsche Bank Aktiengesellschaft lifted their price objective on shares of Linde from $510.00 to $515.00 and gave the stock a “buy” rating in a research note on Friday, November 1st. Finally, Citigroup dropped their price objective on shares of Linde from $490.00 to $480.00 and set a “neutral” rating for the company in a research note on Wednesday, December 18th. Four analysts have rated the stock with a hold rating and nine have assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average price target of $501.82.

Linde Price Performance

LIN stock opened at $458.53 on Tuesday. Linde plc has a 12 month low of $410.69 and a 12 month high of $487.49. The company has a current ratio of 0.89, a quick ratio of 0.76 and a debt-to-equity ratio of 0.39. The company has a 50-day moving average price of $437.49 and a 200 day moving average price of $454.56. The stock has a market cap of $218.33 billion, a PE ratio of 33.69, a P/E/G ratio of 3.08 and a beta of 0.94.

Linde (NASDAQ:LIN) last released its quarterly earnings results on Thursday, February 6th. The basic materials company reported $3.97 EPS for the quarter, topping analysts’ consensus estimates 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 earnings per share for the current year.

Insider Buying and Selling

In other Linde news, Director Robert L. Wood sold 2,900 shares of the business’s stock in a transaction dated Monday, February 10th. The shares were sold at an average price of $456.26, for a total value of $1,323,154.00. Following the completion of the sale, the director now directly owns 14,013 shares of the company’s stock, valued at $6,393,571.38. The trade was a 17.15 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, VP Juergen Nowicki sold 6,782 shares of the business’s stock in a transaction dated Thursday, February 20th. The shares were sold at an average price of $459.62, for a total transaction of $3,117,142.84. Following the completion of the sale, the vice president now directly owns 14,765 shares of the company’s stock, valued at approximately $6,786,289.30. This trade represents a 31.48 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last ninety days, insiders sold 16,285 shares of company stock valued at $7,423,986. Company insiders own 0.60% of the company’s stock.

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.