Linde plc (NASDAQ:LIN) Shares Bought by Heirloom Wealth Management

Heirloom Wealth Management raised its stake in Linde plc (NASDAQ:LIN) by 6.9% in the 4th quarter, Holdings Channel.com reports. The firm owned 28,168 shares of the basic materials company’s stock after acquiring an additional 1,828 shares during the period. Linde makes up 3.5% of Heirloom Wealth Management’s holdings, making the stock its 10th biggest holding. Heirloom Wealth Management’s holdings in Linde were worth $11,793,000 as of its most recent filing with the SEC.

Other institutional investors have also modified their holdings of the company. Global Wealth Strategies & Associates lifted its position in shares of Linde by 144.8% in the 4th quarter. Global Wealth Strategies & Associates now owns 71 shares of the basic materials company’s stock worth $30,000 after buying an additional 42 shares during the last quarter. Kozak & Associates Inc. acquired a new stake in Linde during the third quarter worth about $34,000. Retirement Wealth Solutions LLC bought a new position in Linde in the fourth quarter worth about $34,000. Capital Performance Advisors LLP bought a new position in Linde in the third quarter worth about $43,000. Finally, Decker Retirement Planning Inc. acquired a new position in Linde in the fourth quarter valued at approximately $47,000. Institutional investors and hedge funds own 82.80% of the company’s stock.

Insider Buying and Selling at Linde

In other Linde news, VP Guillermo Bichara sold 4,385 shares of the firm’s stock in a transaction dated Wednesday, December 4th. The stock was 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 directly 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 sale was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, VP David P. Strauss sold 2,218 shares of Linde stock in a transaction dated Monday, December 16th. The shares were sold at an average price of $434.35, for a total value of $963,388.30. Following the transaction, the vice president now directly owns 25,926 shares in the company, valued at approximately $11,260,958.10. This trade represents a 7.88 % decrease in their position. The disclosure for this sale can be found here. 0.60% of the stock is owned by corporate insiders.

Wall Street Analysts Forecast Growth

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

Linde Trading Down 0.4 %

Linde stock opened at $439.25 on Monday. Linde plc has a 12-month low of $396.07 and a 12-month high of $487.49. The stock has a market capitalization of $209.15 billion, a PE ratio of 33.35, a price-to-earnings-growth ratio of 2.74 and a beta of 0.94. The firm has a 50 day simple moving average of $435.45 and a 200-day simple moving average of $453.33. The company has a debt-to-equity ratio of 0.43, a current ratio of 0.96 and a quick ratio of 0.81.

Linde (NASDAQ:LIN) last posted its quarterly earnings data on Thursday, October 31st. The basic materials company reported $3.94 EPS for the quarter, topping analysts’ consensus estimates of $3.89 by $0.05. Linde had a return on equity of 18.16% and a net margin of 19.33%. The company had revenue of $8.36 billion for the quarter, compared to the consensus estimate of $8.39 billion. During the same quarter in the previous year, the business earned $3.63 EPS. The company’s quarterly revenue was up 1.9% compared to the same quarter last year. As a group, equities research analysts expect that Linde plc will post 15.45 EPS for the current fiscal year.

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.