Global X Japan Co. Ltd. Has $459,000 Stock Holdings in Linde plc (NASDAQ:LIN)

Global X Japan Co. Ltd. lifted its stake in shares of Linde plc (NASDAQ:LIN) by 15.2% during the 4th quarter, HoldingsChannel.com reports. The firm owned 1,096 shares of the basic materials company’s stock after buying an additional 145 shares during the period. Global X Japan Co. Ltd.’s holdings in Linde were worth $459,000 at the end of the most recent reporting period.

Other hedge funds also recently modified their holdings of the company. Trifecta Capital Advisors LLC boosted its position 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 acquiring an additional 21 shares in the last quarter. Quotient Wealth Partners LLC increased its stake in shares of Linde by 0.9% in the 3rd 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 lifted its position in shares of Linde by 1.3% during the 3rd quarter. Regent Peak Wealth Advisors LLC now owns 1,831 shares of the basic materials company’s stock worth $873,000 after buying an additional 23 shares during the last quarter. Concord Asset Management LLC VA grew its holdings in shares of Linde by 0.5% during the 4th quarter. Concord Asset Management LLC VA now owns 4,774 shares of the basic materials company’s stock valued at $1,999,000 after purchasing an additional 23 shares during the last quarter. Finally, CVA Family Office LLC lifted its stake in shares of Linde by 2.9% in the 3rd quarter. CVA Family Office LLC now owns 851 shares of the basic materials company’s stock valued at $406,000 after acquiring an additional 24 shares during the last quarter. Institutional investors own 82.80% of the company’s stock.

Linde Stock Performance

NASDAQ:LIN opened at $460.68 on Friday. Linde plc has a twelve month low of $410.69 and a twelve month high of $487.49. The stock has a market cap of $219.36 billion, a P/E ratio of 34.98, a PEG ratio of 2.77 and a beta of 0.94. 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 business’s 50-day moving average price is $434.41 and its two-hundred day moving average price is $453.44.

Linde (NASDAQ:LIN) last announced its quarterly earnings data on Thursday, February 6th. The basic materials company reported $3.97 earnings per share for the quarter, topping analysts’ consensus estimates of $3.93 by $0.04. Linde had a net margin of 19.33% and a return on equity of 18.16%. As a group, equities analysts predict that Linde plc will post 15.45 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

Several research firms recently commented on LIN. BMO Capital Markets lifted 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. 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 note on Friday, November 1st. Citigroup lowered their target price 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. Mizuho boosted their price objective on Linde from $520.00 to $530.00 and gave the company an “outperform” rating in a research note on Friday, November 1st. Finally, TD Cowen raised Linde from a “hold” rating to a “buy” rating and raised their target price for the stock from $480.00 to $515.00 in a research note on Monday, January 13th. Four research 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 stock has a consensus rating of “Moderate Buy” and an average price target of $501.82.

Insider Activity at Linde

In related news, VP Guillermo Bichara sold 4,385 shares of Linde stock in a transaction that occurred on 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 sale, the vice president now directly owns 22,776 shares in the company, valued at $10,493,586.48. The trade was a 16.14 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, Director Paula Rosput Reynolds acquired 100 shares of the business’s stock in a transaction on Thursday, December 12th. The stock was acquired at an average price of $441.34 per share, for a total transaction of $44,134.00. Following the acquisition, 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 position. The disclosure for this purchase can be found here. 0.60% of the stock is currently owned by company insiders.

Linde Company 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.