DAVENPORT & Co LLC Purchases 1,810 Shares of Linde plc (NASDAQ:LIN)

DAVENPORT & Co LLC boosted its position in Linde plc (NASDAQ:LIN) by 16.8% in the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 12,611 shares of the basic materials company’s stock after buying an additional 1,810 shares during the period. DAVENPORT & Co LLC’s holdings in Linde were worth $5,280,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also added to or reduced their stakes in the company. Tritonpoint Wealth LLC increased its position in Linde by 13.6% in the 4th quarter. Tritonpoint Wealth LLC now owns 2,010 shares of the basic materials company’s stock valued at $841,000 after buying an additional 240 shares in the last quarter. Tokio Marine Asset Management Co. Ltd. boosted its stake in Linde by 1.0% during the 4th quarter. Tokio Marine Asset Management Co. Ltd. now owns 18,812 shares of the basic materials company’s stock valued at $7,876,000 after purchasing an additional 187 shares during 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 valued at $873,000 after purchasing an additional 957 shares during the last quarter. Western Financial Corp CA boosted its stake in Linde by 39.0% during the 4th quarter. Western Financial Corp CA now owns 748 shares of the basic materials company’s stock valued at $313,000 after purchasing an additional 210 shares during the last quarter. Finally, Marietta Wealth Management LLC grew its holdings 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 acquiring an additional 292 shares in the last quarter. 82.80% of the stock is owned by institutional investors.

Insider Buying and Selling

In other news, Director Paula Rosput Reynolds bought 100 shares of Linde stock in a transaction that occurred on Thursday, December 12th. The shares were acquired at an average price of $441.34 per share, with a total value of $44,134.00. Following the completion of the purchase, the director now directly owns 233 shares in the company, valued at $102,832.22. The trade was a 75.19 % increase in their ownership of the stock. The purchase was disclosed in a filing with the SEC, which is available through this hyperlink. Also, VP Guillermo Bichara sold 4,385 shares of the stock in a transaction 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 completion of the transaction, the vice president now directly owns 22,776 shares in the company, valued at approximately $10,493,586.48. This represents a 16.14 % decrease in their position. The disclosure for this sale can be found here. 0.60% of the stock is currently owned by company insiders.

Wall Street Analyst Weigh In

Several equities analysts have recently issued reports on the company. Deutsche Bank Aktiengesellschaft upped their target price on Linde from $510.00 to $515.00 and gave the company a “buy” rating in a report on Friday, November 1st. Erste Group Bank reissued a “hold” rating on shares of Linde in a report on Tuesday, November 19th. BMO Capital Markets increased their price objective on Linde from $477.00 to $507.00 and gave the company an “outperform” rating in a report on Friday, November 1st. Citigroup reduced their price objective on Linde from $490.00 to $480.00 and set a “neutral” rating for the company in a report on Wednesday, December 18th. Finally, Mizuho increased their price objective on Linde from $520.00 to $530.00 and gave the company an “outperform” rating in a 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 presently has a consensus rating of “Moderate Buy” and a consensus target price of $501.82.

Linde Trading Up 1.8 %

Shares of LIN stock opened at $454.21 on Tuesday. The company has a debt-to-equity ratio of 0.43, a quick ratio of 0.81 and a current ratio of 0.96. Linde plc has a 52-week low of $396.07 and a 52-week high of $487.49. The company has a market capitalization of $216.28 billion, a PE ratio of 34.49, a price-to-earnings-growth ratio of 2.77 and a beta of 0.94. The business’s fifty day moving average is $434.54 and its 200 day moving average is $453.31.

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.