China Universal Asset Management Co. Ltd. Has $3.71 Million Stock Holdings in Linde plc (NASDAQ:LIN)

China Universal Asset Management Co. Ltd. grew its holdings in Linde plc (NASDAQ:LIN) by 114.0% in the 3rd quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 7,784 shares of the basic materials company’s stock after acquiring an additional 4,147 shares during the period. China Universal Asset Management Co. Ltd.’s holdings in Linde were worth $3,712,000 as of its most recent SEC filing.

Several other hedge funds also recently modified their holdings of the business. Retirement Group LLC acquired a new stake in Linde in the 1st quarter worth approximately $25,000. Summit Securities Group LLC bought a new stake in shares of Linde during the 2nd quarter worth $28,000. Strategic Financial Concepts LLC bought a new stake in shares of Linde during the 2nd quarter worth $33,000. Kozak & Associates Inc. bought a new position in Linde in the 3rd quarter worth $34,000. Finally, J.Safra Asset Management Corp acquired a new position in Linde during the 2nd quarter worth $42,000. Institutional investors and hedge funds own 82.80% of the company’s stock.

Insider Activity at Linde

In other news, VP John Panikar sold 10,025 shares of the company’s stock in a transaction that occurred on Tuesday, September 10th. The stock was sold at an average price of $462.75, for a total value of $4,639,068.75. Following the completion of the transaction, the vice president now directly owns 17,584 shares of the company’s stock, valued at $8,136,996. This represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink. 0.60% of the stock is owned by insiders.

Linde Stock Performance

LIN stock opened at $476.00 on Tuesday. The firm has a market cap of $227.29 billion, a PE ratio of 36.23, a price-to-earnings-growth ratio of 3.00 and a beta of 0.94. The stock has a 50-day moving average price of $472.59 and a 200-day moving average price of $451.36. The company has a current ratio of 0.95, a quick ratio of 0.80 and a debt-to-equity ratio of 0.43. Linde plc has a 1-year low of $373.69 and a 1-year high of $487.49.

Linde (NASDAQ:LIN) last posted its earnings results on Friday, August 2nd. The basic materials company reported $3.85 earnings per share for the quarter, topping analysts’ consensus estimates of $3.79 by $0.06. The company had revenue of $8.30 billion for the quarter, compared to analyst estimates of $8.30 billion. Linde had a net margin of 19.49% and a return on equity of 17.92%. The firm’s revenue was up 1.2% compared to the same quarter last year. During the same quarter in the prior year, the business posted $3.57 EPS. As a group, equities research analysts expect that Linde plc will post 15.52 earnings per share for the current year.

Analyst Upgrades and Downgrades

Several analysts recently weighed in on LIN shares. JPMorgan Chase & Co. increased their target price on Linde from $430.00 to $480.00 and gave the company an “overweight” rating in a research note on Monday, August 5th. UBS Group lowered their target price on shares of Linde from $490.00 to $475.00 and set a “neutral” rating on the stock in a research note on Tuesday, July 9th. Barclays increased their target price on shares of Linde from $460.00 to $510.00 and gave the stock an “overweight” rating in a research report on Monday, August 5th. BMO Capital Markets restated an “outperform” rating and set a $477.00 price target on shares of Linde in a research report on Friday, August 30th. Finally, Bank of America raised their price objective on shares of Linde from $495.00 to $516.00 and gave the company a “buy” rating in a research report on Monday, August 5th. Six research analysts have rated the stock with a hold rating and seven have issued a buy rating to the company. According to data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average target price of $484.18.

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.