Tritonpoint Wealth LLC Boosts Stock Position in Linde plc (NASDAQ:LIN)

Tritonpoint Wealth LLC increased its holdings in shares of Linde plc (NASDAQ:LIN) by 13.6% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 2,010 shares of the basic materials company’s stock after buying an additional 240 shares during the period. Tritonpoint Wealth LLC’s holdings in Linde were worth $841,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors have also recently added to or reduced their stakes in the company. Tokio Marine Asset Management Co. Ltd. increased its position in shares of Linde by 1.0% during the fourth quarter. Tokio Marine Asset Management Co. Ltd. now owns 18,812 shares of the basic materials company’s stock worth $7,876,000 after purchasing an additional 187 shares in the last quarter. Independence Bank of Kentucky boosted its stake in Linde by 84.8% during the 4th quarter. Independence Bank of Kentucky now owns 2,086 shares of the basic materials company’s stock worth $873,000 after purchasing an additional 957 shares during the last quarter. Western Financial Corp CA grew its holdings in shares of Linde by 39.0% during the fourth quarter. Western Financial Corp CA now owns 748 shares of the basic materials company’s stock worth $313,000 after buying an additional 210 shares in the last quarter. Marietta Wealth Management LLC raised its position in shares of Linde by 1.3% in the fourth quarter. Marietta Wealth Management LLC now owns 22,212 shares of the basic materials company’s stock valued at $9,299,000 after buying an additional 292 shares during the last quarter. Finally, China Universal Asset Management Co. Ltd. lifted its stake in shares of Linde by 29.9% in the fourth quarter. China Universal Asset Management Co. Ltd. now owns 10,113 shares of the basic materials company’s stock worth $4,234,000 after buying an additional 2,329 shares in the last quarter. Institutional investors and hedge funds own 82.80% of the company’s stock.

Linde Stock Performance

Shares of LIN stock opened at $446.12 on Monday. Linde plc has a one year low of $396.07 and a one year high of $487.49. The company has a debt-to-equity ratio of 0.43, a quick ratio of 0.81 and a current ratio of 0.96. The firm’s 50 day moving average price is $434.54 and its 200-day moving average price is $453.28. The firm has a market cap of $212.42 billion, a P/E ratio of 33.87, a P/E/G ratio of 2.72 and a beta of 0.94.

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

Insider Buying and Selling at Linde

In other news, VP Guillermo Bichara sold 4,385 shares of the company’s 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 represents a 16.14 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director Paula Rosput Reynolds acquired 100 shares of Linde stock in a transaction dated Thursday, December 12th. The stock was bought at an average price of $441.34 per share, for a total transaction of $44,134.00. Following the completion of the purchase, the director now owns 233 shares of the company’s stock, valued at approximately $102,832.22. This 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 corporate insiders.

Analyst Ratings Changes

LIN has been the subject of a number of recent research reports. TD Cowen upgraded shares of Linde from a “hold” rating to a “buy” rating and increased their price objective for the company from $480.00 to $515.00 in a report on Monday, January 13th. BMO Capital Markets increased their price target on Linde from $477.00 to $507.00 and gave the company an “outperform” rating in a report on Friday, November 1st. Deutsche Bank Aktiengesellschaft boosted 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. Citigroup cut their target price on Linde from $490.00 to $480.00 and set a “neutral” rating for the company in a research note on Wednesday, December 18th. Finally, Mizuho boosted their price target on shares of Linde from $520.00 to $530.00 and gave the company an “outperform” rating in a research report on Friday, November 1st. Four research analysts have rated the stock with a hold rating and nine have given a buy rating to the stock. According to MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus target price 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.