Fourpath Capital Management LLC Boosts Holdings in Linde plc (NASDAQ:LIN)

Fourpath Capital Management LLC increased its position in Linde plc (NASDAQ:LIN) by 0.6% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 4,138 shares of the basic materials company’s stock after buying an additional 24 shares during the period. Fourpath Capital Management LLC’s holdings in Linde were worth $1,732,000 as of its most recent SEC filing.

Several other large investors have also recently added to or reduced their stakes in the business. Trifecta Capital Advisors LLC increased its stake in shares of Linde by 16.9% in the third quarter. Trifecta Capital Advisors LLC now owns 145 shares of the basic materials company’s stock worth $69,000 after acquiring an additional 21 shares during the last quarter. Prentice Wealth Management LLC grew its holdings in Linde by 1.7% during the third quarter. Prentice Wealth Management LLC now owns 1,367 shares of the basic materials company’s stock valued at $652,000 after purchasing an additional 23 shares during the last quarter. Quotient Wealth Partners LLC grew its stake in Linde by 0.9% in 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 buying an additional 23 shares during the last quarter. Regent Peak Wealth Advisors LLC grew its position in shares of Linde by 1.3% in the third quarter. Regent Peak Wealth Advisors LLC now owns 1,831 shares of the basic materials company’s stock valued at $873,000 after purchasing an additional 23 shares during the last quarter. Finally, Concord Asset Management LLC VA increased its position in Linde by 0.5% in the 4th quarter. Concord Asset Management LLC VA now owns 4,774 shares of the basic materials company’s stock worth $1,999,000 after buying an additional 23 shares during the period. 82.80% of the stock is currently owned by hedge funds and other institutional investors.

Insider Buying and Selling

In other Linde news, VP Guillermo Bichara sold 4,385 shares of Linde stock in a transaction on Wednesday, December 4th. The stock was 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 owns 22,776 shares in the company, valued at approximately $10,493,586.48. The trade was a 16.14 % decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, Director Paula Rosput Reynolds bought 100 shares of the firm’s stock in a transaction dated Thursday, December 12th. The shares were acquired at an average price of $441.34 per share, for a total transaction of $44,134.00. Following the acquisition, the director now directly owns 233 shares of the company’s stock, valued at approximately $102,832.22. The trade was 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 Upgrades and Downgrades

A number of brokerages have weighed in on LIN. TD Cowen raised shares of Linde from a “hold” rating to a “buy” rating and increased their price target for the company from $480.00 to $515.00 in a report on Monday, January 13th. BMO Capital Markets increased their target price on shares of Linde from $477.00 to $507.00 and gave the company an “outperform” rating in a research note on Friday, November 1st. Citigroup lowered their price target on Linde from $490.00 to $480.00 and set a “neutral” rating on the stock in a research note on Wednesday, December 18th. Deutsche Bank Aktiengesellschaft upped their price target on Linde from $510.00 to $515.00 and gave the company a “buy” rating in a report on Friday, November 1st. Finally, Erste Group Bank reissued a “hold” rating on shares of Linde in a report on Tuesday, November 19th. Four investment analysts have rated the stock with a hold rating and nine have assigned a buy rating to the company’s stock. According to data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus price target of $501.82.

Linde Stock Performance

Linde stock opened at $454.21 on Tuesday. The firm has a market capitalization of $216.28 billion, a P/E ratio of 34.49, a P/E/G ratio of 2.77 and a beta of 0.94. The stock has a fifty day moving average price of $434.54 and a two-hundred day moving average price of $453.31. Linde plc has a 52-week low of $396.07 and a 52-week high of $487.49. 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 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.