Brentview Investment Management LLC Purchases New Position in Linde plc (NASDAQ:LIN)

Brentview Investment Management LLC purchased a new stake in Linde plc (NASDAQ:LIN) during the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor purchased 11,991 shares of the basic materials company’s stock, valued at approximately $5,020,000. Linde comprises 2.9% of Brentview Investment Management LLC’s holdings, making the stock its 11th largest position.

Other institutional investors and hedge funds have also bought and sold shares of the company. S.A. Mason LLC grew its position in shares of Linde by 18.7% during the 4th quarter. S.A. Mason LLC now owns 355 shares of the basic materials company’s stock worth $149,000 after purchasing an additional 56 shares in the last quarter. Princeton Global Asset Management LLC grew its position in shares of Linde by 0.8% during the 4th quarter. Princeton Global Asset Management LLC now owns 14,288 shares of the basic materials company’s stock worth $5,982,000 after purchasing an additional 109 shares in the last quarter. HHM Wealth Advisors LLC grew its position in shares of Linde by 1,842.1% during the 4th quarter. HHM Wealth Advisors LLC now owns 738 shares of the basic materials company’s stock worth $309,000 after purchasing an additional 700 shares in the last quarter. CENTRAL TRUST Co grew its position in shares of Linde by 1.9% during the 4th quarter. CENTRAL TRUST Co now owns 10,440 shares of the basic materials company’s stock worth $4,371,000 after purchasing an additional 198 shares in the last quarter. Finally, Valley National Advisers Inc. grew its position in shares of Linde by 105.0% during the 4th quarter. Valley National Advisers Inc. now owns 123 shares of the basic materials company’s stock worth $51,000 after purchasing an additional 63 shares in the last quarter. Institutional investors and hedge funds own 82.80% of the company’s stock.

Linde Price Performance

Shares of NASDAQ:LIN opened at $446.12 on Monday. The company 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. The company has a debt-to-equity ratio of 0.43, a current ratio of 0.96 and a quick ratio of 0.81. The firm has a 50 day simple moving average of $434.54 and a 200 day simple moving average of $453.28. Linde plc has a one year low of $396.07 and a one year high of $487.49.

Linde (NASDAQ:LIN) last issued its quarterly earnings data on Thursday, October 31st. The basic materials company reported $3.94 EPS for the quarter, beating the consensus estimate of $3.89 by $0.05. The business had revenue of $8.36 billion during the quarter, compared to the consensus estimate of $8.39 billion. Linde had a net margin of 19.33% and a return on equity of 18.16%. The firm’s revenue was up 1.9% compared to the same quarter last year. During the same quarter in the prior year, the firm earned $3.63 EPS. Research analysts predict that Linde plc will post 15.45 earnings per share for the current fiscal year.

Analyst Ratings Changes

A number of research analysts have issued reports on LIN shares. Citigroup decreased their target price on shares of Linde from $490.00 to $480.00 and set a “neutral” rating on the stock in a research report on Wednesday, December 18th. Erste Group Bank reiterated a “hold” rating on shares of Linde in a research report on Tuesday, November 19th. TD Cowen upgraded shares of Linde from a “hold” rating to a “buy” rating and increased their price target for the stock from $480.00 to $515.00 in a research report on Monday, January 13th. 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 report on Friday, November 1st. Finally, Mizuho increased their price target on shares of Linde from $520.00 to $530.00 and gave the stock an “outperform” rating in a research report on Friday, November 1st. Four analysts have rated the stock with a hold rating and nine have issued a buy rating to the company’s stock. According to MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $501.82.

Insider Activity

In other news, VP David P. Strauss sold 2,218 shares of the stock in a transaction on Monday, December 16th. The shares were 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 in the company, valued at $11,260,958.10. This represents a 7.88 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. Also, VP Guillermo Bichara sold 4,385 shares of the stock in a transaction 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 owns 22,776 shares of the company’s stock, valued at approximately $10,493,586.48. This trade represents a 16.14 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders own 0.60% of the company’s stock.

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.