OLD National Bancorp IN Has $1.06 Million Stake in Linde plc (NASDAQ:LIN)

OLD National Bancorp IN reduced its stake in Linde plc (NASDAQ:LIN) by 1.6% in the 4th quarter, according to the company in its most recent filing with the SEC. The fund owned 2,524 shares of the basic materials company’s stock after selling 42 shares during the quarter. OLD National Bancorp IN’s holdings in Linde were worth $1,057,000 at the end of the most recent reporting period.

A number of other large investors have also recently added to or reduced their stakes in LIN. Trifecta Capital Advisors LLC boosted its holdings in shares of Linde by 16.9% during the 3rd quarter. Trifecta Capital Advisors LLC now owns 145 shares of the basic materials company’s stock worth $69,000 after buying an additional 21 shares during the period. Prentice Wealth Management LLC boosted its holdings in Linde by 1.7% during the third quarter. Prentice Wealth Management LLC now owns 1,367 shares of the basic materials company’s stock valued at $652,000 after acquiring an additional 23 shares during the period. Quotient Wealth Partners LLC grew its position in shares of Linde by 0.9% in the third quarter. Quotient Wealth Partners LLC now owns 2,706 shares of the basic materials company’s stock valued at $1,290,000 after purchasing an additional 23 shares during the last quarter. Regent Peak Wealth Advisors LLC grew its position in shares of Linde by 1.3% in the third quarter. Regent Peak Wealth Advisors LLC now owns 1,831 shares of the basic materials company’s stock valued at $873,000 after purchasing an additional 23 shares during the last quarter. Finally, CVA Family Office LLC increased its stake in shares of Linde by 2.9% in the third quarter. CVA Family Office LLC now owns 851 shares of the basic materials company’s stock worth $406,000 after purchasing an additional 24 shares during the period. Institutional investors own 82.80% of the company’s stock.

Insider Buying and Selling

In related news, Director Paula Rosput Reynolds bought 100 shares of Linde stock in a transaction that occurred on Thursday, December 12th. The stock was purchased at an average cost of $441.34 per share, with a total value of $44,134.00. Following the purchase, the director now owns 233 shares in the company, valued at approximately $102,832.22. This trade represents a 75.19 % increase in their ownership of the stock. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. 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 completion of the sale, the vice president now directly owns 25,926 shares in the company, valued at $11,260,958.10. This 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 company insiders.

Wall Street Analyst Weigh In

A number of analysts have issued reports on LIN shares. TD Cowen raised Linde from a “hold” rating to a “buy” rating and raised their target price for the company from $480.00 to $515.00 in a report on Monday, January 13th. Mizuho raised 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. BMO Capital Markets upped their target price on shares of Linde from $477.00 to $507.00 and gave the company an “outperform” rating in a research note on Friday, November 1st. Erste Group Bank restated a “hold” rating on shares of Linde in a research report on Tuesday, November 19th. Finally, Deutsche Bank Aktiengesellschaft upped 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. Four investment analysts have rated the stock with a hold rating and nine have assigned a buy rating to the company. According to MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average price target of $501.82.

Linde Price Performance

LIN opened at $446.12 on Friday. The company has a fifty day simple moving average of $434.72 and a 200 day simple moving average of $453.17. The company has a quick ratio of 0.81, a current ratio of 0.96 and a debt-to-equity ratio of 0.43. The stock has a market cap of $212.42 billion, a P/E ratio of 33.87, a P/E/G ratio of 2.72 and a beta of 0.94. Linde plc has a 12 month low of $396.07 and a 12 month high of $487.49.

Linde (NASDAQ:LIN) last released its quarterly earnings results 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 analyst estimates of $8.39 billion. During the same quarter last year, the firm posted $3.63 earnings per share. Linde’s revenue was up 1.9% compared to the same quarter last year. On average, research analysts expect that Linde plc will post 15.45 EPS for the current 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.