Wealthspire Advisors LLC Has $1.34 Million Stake in Linde plc (NASDAQ:LIN)

Wealthspire Advisors LLC boosted its stake in shares of Linde plc (NASDAQ:LIN) by 5.4% during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 3,209 shares of the basic materials company’s stock after buying an additional 163 shares during the quarter. Wealthspire Advisors LLC’s holdings in Linde were worth $1,343,000 as of its most recent SEC filing.

Other institutional investors have also recently made changes to their positions in the company. Helios Capital Management PTE. Ltd. increased its position in shares of Linde by 85.2% during the fourth quarter. Helios Capital Management PTE. Ltd. now owns 2,500 shares of the basic materials company’s stock worth $1,047,000 after buying an additional 1,150 shares during the period. Channel Wealth LLC grew its holdings in Linde by 30.4% during the 4th quarter. Channel Wealth LLC now owns 7,385 shares of the basic materials company’s stock worth $3,092,000 after acquiring an additional 1,723 shares during the period. M&T Bank Corp raised its position in shares of Linde by 6.7% in the 3rd quarter. M&T Bank Corp now owns 79,472 shares of the basic materials company’s stock worth $37,898,000 after acquiring an additional 5,021 shares in the last quarter. Nordea Investment Management AB lifted its stake in shares of 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 purchasing an additional 46,843 shares during the period. Finally, SYM FINANCIAL Corp acquired a new position in shares of Linde in the 4th quarter valued at about $625,000. Institutional investors own 82.80% of the company’s stock.

Analysts Set New Price Targets

LIN has been the subject of a number of research analyst reports. TD Cowen upgraded Linde from a “hold” rating to a “buy” rating and lifted their target price for the stock from $480.00 to $515.00 in a report on Monday, January 13th. Erste Group Bank reiterated a “hold” rating on shares of Linde in a research report on Tuesday, November 19th. Citigroup reduced their price target on shares of Linde from $490.00 to $480.00 and set a “neutral” rating for the company in a report on Wednesday, December 18th. Mizuho increased their price objective on shares of Linde from $520.00 to $530.00 and gave the stock an “outperform” rating in a research report on Friday, November 1st. Finally, BMO Capital Markets raised their target price on Linde from $477.00 to $507.00 and gave the company an “outperform” rating in a research note on Friday, November 1st. Four analysts have rated the stock with a hold rating and nine have given a buy rating to the stock. According to data from MarketBeat, Linde presently has an average rating of “Moderate Buy” and a consensus target price of $501.82.

Linde Stock Up 0.1 %

Shares of NASDAQ:LIN opened at $458.53 on Tuesday. The business’s 50 day moving average is $437.49 and its 200 day moving average is $454.56. Linde plc has a 12-month low of $410.69 and a 12-month high of $487.49. The stock has a market cap of $218.33 billion, a price-to-earnings ratio of 33.69, a PEG ratio of 3.08 and a beta of 0.94. The company has a quick ratio of 0.76, a current ratio of 0.89 and a debt-to-equity ratio of 0.39.

Linde (NASDAQ:LIN) last posted its quarterly earnings data on Thursday, February 6th. The basic materials company reported $3.97 earnings per share (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%. On average, sell-side analysts forecast that Linde plc will post 16.54 earnings per share for the current fiscal year.

Insider Transactions at Linde

In other news, VP Juergen Nowicki sold 6,782 shares of the stock in a transaction that occurred on 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 transaction, the vice president now directly owns 14,765 shares of the company’s stock, valued at $6,786,289.30. This represents a 31.48 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, VP David P. Strauss sold 2,218 shares of the company’s stock in a transaction that occurred on Monday, December 16th. The shares were sold at an average price of $434.35, for a total value of $963,388.30. Following the completion of the transaction, the vice president now owns 25,926 shares in the company, valued at approximately $11,260,958.10. The trade was a 7.88 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 16,285 shares of company stock worth $7,423,986 in the last 90 days. Insiders own 0.60% of the company’s stock.

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.