Entropy Technologies LP Raises Stock Holdings in Linde plc (NASDAQ:LIN)

Entropy Technologies LP boosted its holdings in Linde plc (NASDAQ:LIN) by 128.8% in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 16,699 shares of the basic materials company’s stock after purchasing an additional 9,399 shares during the quarter. Linde makes up 0.7% of Entropy Technologies LP’s portfolio, making the stock its 14th biggest holding. Entropy Technologies LP’s holdings in Linde were worth $6,991,000 as of its most recent SEC filing.

Several other institutional investors have also recently added to or reduced their stakes in the business. Empowered Funds LLC increased its stake in Linde by 12.2% during the fourth quarter. Empowered Funds LLC now owns 10,164 shares of the basic materials company’s stock worth $4,255,000 after acquiring an additional 1,104 shares during the last quarter. Wilmington Savings Fund Society FSB increased its stake in Linde by 32.0% during the fourth quarter. Wilmington Savings Fund Society FSB now owns 10,054 shares of the basic materials company’s stock worth $4,209,000 after acquiring an additional 2,435 shares during the last quarter. Kingsview Wealth Management LLC increased its stake in Linde by 7.4% during the fourth quarter. Kingsview Wealth Management LLC now owns 5,616 shares of the basic materials company’s stock worth $2,351,000 after acquiring an additional 387 shares during the last quarter. Apollon Wealth Management LLC increased its stake in Linde by 18.2% during the fourth quarter. Apollon Wealth Management LLC now owns 9,413 shares of the basic materials company’s stock worth $3,941,000 after acquiring an additional 1,447 shares during the last quarter. Finally, TFG Advisers LLC increased its stake in Linde by 2.0% during the fourth quarter. TFG Advisers LLC now owns 3,712 shares of the basic materials company’s stock worth $1,554,000 after acquiring an additional 73 shares during the last quarter. 82.80% of the stock is currently owned by institutional investors and hedge funds.

Insider Buying and Selling

In related news, VP David P. Strauss sold 2,218 shares of the firm’s stock in a transaction that occurred on Monday, December 16th. The stock was sold at an average price of $434.35, for a total value of $963,388.30. Following the sale, the vice president now directly owns 25,926 shares in the company, valued at $11,260,958.10. This trade represents a 7.88 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, VP Guillermo Bichara sold 4,385 shares of the firm’s stock in a transaction that occurred 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 sale, the vice president now owns 22,776 shares in the company, valued at approximately $10,493,586.48. This represents a 16.14 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Company insiders own 0.60% of the company’s stock.

Linde Trading Down 1.2 %

NASDAQ:LIN opened at $455.05 on Friday. The company has a quick ratio of 0.81, a current ratio of 0.89 and a debt-to-equity ratio of 0.39. The business’s 50 day moving average is $434.36 and its two-hundred day moving average is $453.55. Linde plc has a 52 week low of $410.69 and a 52 week high of $487.49. The company has a market cap of $216.68 billion, a PE ratio of 33.43, a P/E/G ratio of 2.89 and a beta of 0.94.

Linde (NASDAQ:LIN) last released its earnings results on Thursday, February 6th. The basic materials company reported $3.97 EPS for the quarter, topping analysts’ consensus estimates of $3.93 by $0.04. Linde had a return on equity of 18.71% and a net margin of 19.89%. On average, analysts predict that Linde plc will post 16.55 EPS for the current year.

Analyst Ratings Changes

Several equities research analysts have commented on LIN shares. TD Cowen upgraded Linde from a “hold” rating to a “buy” rating and upped their price target for the stock from $480.00 to $515.00 in a research note on Monday, January 13th. Deutsche Bank Aktiengesellschaft increased their target price on Linde from $510.00 to $515.00 and gave the company a “buy” rating in a research note on Friday, November 1st. Erste Group Bank reiterated a “hold” rating on shares of Linde in a research note on Tuesday, November 19th. Citigroup lowered 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, BMO Capital Markets increased their target price on Linde from $477.00 to $507.00 and gave the company an “outperform” rating in a research note 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’s stock. According to MarketBeat, the company presently has an average rating of “Moderate Buy” and an average 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.