Linde plc (NASDAQ:LIN) Shares Bought by Princeton Global Asset Management LLC

Princeton Global Asset Management LLC boosted its stake in shares of Linde plc (NASDAQ:LIN) by 0.8% during the 4th quarter, HoldingsChannel reports. The institutional investor owned 14,288 shares of the basic materials company’s stock after purchasing an additional 109 shares during the quarter. Linde comprises 1.1% of Princeton Global Asset Management LLC’s portfolio, making the stock its 26th biggest holding. Princeton Global Asset Management LLC’s holdings in Linde were worth $5,982,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in LIN. Geode Capital Management LLC lifted its holdings in shares of Linde by 1.4% in the third 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 purchasing an additional 154,792 shares in the last quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC lifted its holdings in shares of Linde by 372.8% in the third 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 purchasing an additional 2,592,682 shares in the last quarter. Charles Schwab Investment Management Inc. lifted its holdings in shares of Linde by 1.7% in the third 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 purchasing an additional 50,882 shares in the last quarter. Impax Asset Management Group plc lifted its holdings in shares of Linde by 2.4% in the third 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 purchasing an additional 56,775 shares in the last quarter. Finally, Nordea Investment Management AB lifted its holdings in shares of Linde by 2.2% in the fourth 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 in the last quarter. 82.80% of the stock is currently owned by institutional investors and hedge funds.

Insider Activity at Linde

In related news, Director Paula Rosput Reynolds bought 100 shares of the company’s stock in a transaction dated Thursday, December 12th. The stock was bought at an average price of $441.34 per share, with a total value of $44,134.00. Following the transaction, the director now owns 233 shares of the company’s stock, 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 filing with the SEC, which can be accessed through this link. Also, VP David P. Strauss sold 2,218 shares of the business’s stock in a transaction dated Monday, December 16th. The stock was 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 of the company’s stock, valued at $11,260,958.10. The trade was a 7.88 % decrease in their position. The disclosure for this sale can be found here. Company insiders own 0.60% of the company’s stock.

Linde Price Performance

LIN opened at $446.12 on Monday. The company has a fifty day simple moving average of $434.54 and a 200 day simple moving average of $453.28. The firm has a market cap of $212.42 billion, a price-to-earnings ratio of 33.87, a PEG ratio of 2.77 and a beta of 0.94. Linde plc has a twelve month low of $396.07 and a twelve month high of $487.49. The company has a current ratio of 0.96, a quick ratio of 0.81 and a debt-to-equity ratio of 0.43.

Linde (NASDAQ:LIN) last released its quarterly earnings results on Thursday, October 31st. The basic materials company reported $3.94 earnings per share for the quarter, beating analysts’ consensus estimates of $3.89 by $0.05. The business had revenue of $8.36 billion during the quarter, compared to analyst estimates of $8.39 billion. Linde had a net margin of 19.33% and a return on equity of 18.16%. The business’s revenue was up 1.9% on a year-over-year basis. During the same period last year, the business earned $3.63 EPS. Equities research analysts expect that Linde plc will post 15.45 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

Several analysts have issued reports on LIN shares. Citigroup reduced their price target on shares of Linde from $490.00 to $480.00 and set a “neutral” rating on the stock in a report on Wednesday, December 18th. TD Cowen raised shares of Linde from a “hold” rating to a “buy” rating and upped their price objective for the company from $480.00 to $515.00 in a research note on Monday, January 13th. Erste Group Bank reissued a “hold” rating on shares of Linde in a research note on Tuesday, November 19th. Deutsche Bank Aktiengesellschaft increased their price target 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, BMO Capital Markets increased their price target on shares of Linde from $477.00 to $507.00 and gave the stock an “outperform” rating in a research note on Friday, November 1st. Four investment analysts have rated the stock with a hold rating and nine have assigned a buy rating to the stock. According to data from MarketBeat, the company currently has an average rating of “Moderate Buy” and an average price target of $501.82.

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.