Geneva Partners LLC Acquires New Holdings in Linde plc (NASDAQ:LIN)

Geneva Partners LLC bought a new position in shares of Linde plc (NASDAQ:LIN) in the 4th quarter, HoldingsChannel reports. The fund bought 500 shares of the basic materials company’s stock, valued at approximately $209,000.

Other hedge funds also recently bought and sold shares of the company. Bleakley Financial Group LLC raised its stake in shares of Linde by 0.8% in the 4th quarter. Bleakley Financial Group LLC now owns 13,058 shares of the basic materials company’s stock valued at $5,467,000 after acquiring an additional 103 shares during the period. Choreo LLC raised its position in Linde by 3.9% in the fourth quarter. Choreo LLC now owns 17,202 shares of the basic materials company’s stock valued at $7,186,000 after purchasing an additional 648 shares during the period. Money Concepts Capital Corp acquired a new position in Linde during the fourth quarter worth $440,000. Country Club Bank boosted its position in shares of Linde by 20.7% during the fourth quarter. Country Club Bank now owns 4,640 shares of the basic materials company’s stock worth $1,938,000 after buying an additional 795 shares during the period. Finally, Mirae Asset Global Investments Co. Ltd. boosted its position in shares of Linde by 0.7% during the fourth quarter. Mirae Asset Global Investments Co. Ltd. now owns 134,041 shares of the basic materials company’s stock worth $56,642,000 after buying an additional 929 shares during the period. Hedge funds and other institutional investors own 82.80% of the company’s stock.

Wall Street Analysts Forecast Growth

LIN has been the topic of several research analyst reports. Erste Group Bank reiterated a “hold” rating on shares of Linde in a report on Tuesday, November 19th. BMO Capital Markets increased their price target on shares of Linde from $477.00 to $507.00 and gave the stock an “outperform” rating in a research report on Friday, November 1st. Mizuho raised their price objective on shares of Linde from $520.00 to $530.00 and gave the company an “outperform” rating in a research note on Friday, November 1st. Deutsche Bank Aktiengesellschaft upped their target price on shares of Linde from $510.00 to $515.00 and gave the stock a “buy” rating in a research note on Friday, November 1st. Finally, Citigroup decreased their price target on shares of Linde from $490.00 to $480.00 and set a “neutral” rating for the company in a research report on Wednesday, December 18th. Four equities research analysts have rated the stock with a hold rating and nine have given a buy rating to the company. According to data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average target price of $501.82.

Linde Price Performance

Shares of LIN opened at $453.70 on Thursday. The firm has a market capitalization of $216.03 billion, a price-to-earnings ratio of 34.45, a PEG ratio of 2.77 and a beta of 0.94. The firm’s fifty day simple moving average is $434.41 and its 200-day simple moving average is $453.44. Linde plc has a twelve month low of $410.69 and a twelve month high of $487.49. The company has a current ratio of 0.96, a quick ratio of 0.81 and a debt-to-equity ratio of 0.43.

Linde (NASDAQ:LIN) last posted its quarterly earnings results on Thursday, February 6th. The basic materials company reported $3.97 earnings per share for the quarter, beating analysts’ consensus estimates of $3.93 by $0.04. Linde had a return on equity of 18.16% and a net margin of 19.33%. Equities analysts forecast that Linde plc will post 15.45 EPS for the current fiscal year.

Insider Transactions at Linde

In other news, Director Paula Rosput Reynolds acquired 100 shares of the firm’s stock in a transaction dated Thursday, December 12th. The stock was acquired at an average cost of $441.34 per share, with a total value of $44,134.00. Following the completion of the acquisition, the director now owns 233 shares of the company’s stock, valued at $102,832.22. The trade was a 75.19 % increase in their ownership of the stock. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, VP Guillermo Bichara sold 4,385 shares of Linde stock in a transaction on Wednesday, December 4th. The shares were sold at an average price of $460.73, for a total transaction 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 $10,493,586.48. The trade was a 16.14 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Corporate insiders own 0.60% of the company’s stock.

About Linde

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.