CENTRAL TRUST Co Grows Position in Linde plc (NASDAQ:LIN)

CENTRAL TRUST Co boosted its holdings in shares of Linde plc (NASDAQ:LIN) by 1.9% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 10,440 shares of the basic materials company’s stock after acquiring an additional 198 shares during the period. CENTRAL TRUST Co’s holdings in Linde were worth $4,371,000 at the end of the most recent reporting period.

A number of other hedge funds have also recently made changes to their positions in LIN. Trifecta Capital Advisors LLC lifted its holdings in shares of Linde by 16.9% during the third quarter. Trifecta Capital Advisors LLC now owns 145 shares of the basic materials company’s stock valued at $69,000 after purchasing an additional 21 shares in the last quarter. Prentice Wealth Management LLC lifted its position in shares of Linde by 1.7% during the 3rd quarter. Prentice Wealth Management LLC now owns 1,367 shares of the basic materials company’s stock valued at $652,000 after buying an additional 23 shares in the last quarter. Quotient Wealth Partners LLC grew its stake in shares of Linde by 0.9% during 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 acquiring an additional 23 shares during the period. Regent Peak Wealth Advisors LLC raised its stake in 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 acquiring an additional 23 shares during the period. Finally, Concord Asset Management LLC VA increased its stake in shares of Linde by 0.5% in the fourth quarter. Concord Asset Management LLC VA now owns 4,774 shares of the basic materials company’s stock worth $1,999,000 after purchasing an additional 23 shares in the last quarter. 82.80% of the stock is owned by institutional investors.

Insiders Place Their Bets

In other news, VP Guillermo Bichara sold 4,385 shares of Linde stock in a transaction that occurred on Wednesday, December 4th. The shares were sold at an average price of $460.73, for a total value of $2,020,301.05. Following the transaction, the vice president now owns 22,776 shares of the company’s stock, valued at $10,493,586.48. The trade was a 16.14 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, VP David P. Strauss sold 2,218 shares of the stock in a transaction that occurred 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 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. 0.60% of the stock is owned by company insiders.

Linde Stock Down 0.1 %

NASDAQ:LIN opened at $446.12 on Monday. The company has a debt-to-equity ratio of 0.43, a current ratio of 0.96 and a quick ratio of 0.81. Linde plc has a 1-year low of $396.07 and a 1-year high of $487.49. The company has a 50-day moving average of $434.54 and a 200 day moving average of $453.28. The firm has a market cap of $212.42 billion, a PE ratio of 33.87, a price-to-earnings-growth ratio of 2.77 and a beta of 0.94.

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

Wall Street Analyst Weigh In

LIN has been the subject of a number of recent analyst reports. Deutsche Bank Aktiengesellschaft upped their price objective on Linde from $510.00 to $515.00 and gave the stock a “buy” rating in a research note on Friday, November 1st. TD Cowen raised shares of 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 lifted their price target on Linde from $520.00 to $530.00 and gave the stock an “outperform” rating in a research report on Friday, November 1st. Citigroup cut their price objective 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. Finally, BMO Capital Markets upped their target price on Linde from $477.00 to $507.00 and gave the company an “outperform” rating in a research note on Friday, November 1st. Four equities research analysts have rated the stock with a hold rating and nine have assigned a buy rating to the company. Based on data from MarketBeat, Linde presently has a consensus rating of “Moderate Buy” and a consensus price target of $501.82.

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.