Choreo LLC Acquires 648 Shares of Linde plc (NASDAQ:LIN)

Choreo LLC lifted its stake in Linde plc (NASDAQ:LIN) by 3.9% in the 4th quarter, HoldingsChannel reports. The firm owned 17,202 shares of the basic materials company’s stock after acquiring an additional 648 shares during the period. Choreo LLC’s holdings in Linde were worth $7,186,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other institutional investors also recently bought and sold shares of the stock. Trifecta Capital Advisors LLC boosted its position 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 purchasing an additional 21 shares during the period. Quotient Wealth Partners LLC lifted 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 buying an additional 23 shares in the last quarter. Regent Peak Wealth Advisors LLC boosted its holdings in Linde by 1.3% in the 3rd quarter. Regent Peak Wealth Advisors LLC now owns 1,831 shares of the basic materials company’s stock worth $873,000 after buying an additional 23 shares during the period. Concord Asset Management LLC VA increased its stake 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 in the last quarter. Finally, CVA Family Office LLC raised its holdings in Linde by 2.9% during the third quarter. CVA Family Office LLC now owns 851 shares of the basic materials company’s stock valued at $406,000 after acquiring an additional 24 shares during the period. 82.80% of the stock is owned by institutional investors.

Linde Trading Down 0.2 %

NASDAQ LIN opened at $453.70 on Thursday. The company has a fifty day moving average of $434.48 and a 200 day moving average of $453.44. The company has a market capitalization of $216.03 billion, a PE ratio of 34.45, a P/E/G ratio of 2.77 and a beta of 0.94. Linde plc has a 1 year low of $410.69 and a 1 year 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.

Insider Buying and Selling

In related news, VP David P. Strauss sold 2,218 shares of the company’s stock in a transaction dated 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 transaction, the vice president now owns 25,926 shares in the company, valued at $11,260,958.10. This represents a 7.88 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, Director Paula Rosput Reynolds bought 100 shares of Linde stock in a transaction on Thursday, December 12th. The shares were purchased at an average cost of $441.34 per share, with a total value 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 ownership of the stock. The disclosure for this purchase can be found here. 0.60% of the stock is currently owned by insiders.

Wall Street Analysts Forecast Growth

LIN has been the subject of several research analyst reports. Citigroup cut their target price on Linde from $490.00 to $480.00 and set a “neutral” rating for the company in a research report on Wednesday, December 18th. Deutsche Bank Aktiengesellschaft lifted their price objective on shares of Linde from $510.00 to $515.00 and gave the company a “buy” rating in a research report on Friday, November 1st. TD Cowen upgraded shares of Linde from a “hold” rating to a “buy” rating and upped their target price for the stock from $480.00 to $515.00 in a research report on Monday, January 13th. BMO Capital Markets lifted their price target on shares of Linde from $477.00 to $507.00 and gave the company an “outperform” rating in a report on Friday, November 1st. Finally, Mizuho increased their price objective on shares of Linde from $520.00 to $530.00 and gave the company an “outperform” rating in a report on Friday, November 1st. Four investment analysts have rated the stock with a hold rating and nine have assigned a buy rating to the company. Based on data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price 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.