Stone Summit Wealth LLC Has $3.28 Million Stock Position in Linde plc (NASDAQ:LIN)

Stone Summit Wealth LLC trimmed its holdings in shares of Linde plc (NASDAQ:LIN) by 0.8% during the fourth quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 7,836 shares of the basic materials company’s stock after selling 60 shares during the period. Linde makes up 1.1% of Stone Summit Wealth LLC’s investment portfolio, making the stock its 29th largest holding. Stone Summit Wealth LLC’s holdings in Linde were worth $3,281,000 as of its most recent SEC filing.

Other large investors also recently modified their holdings of the company. Synergy Asset Management LLC acquired a new stake in Linde in the fourth quarter worth $25,000. Strategic Financial Concepts LLC acquired a new stake in shares of Linde in the 4th quarter valued at about $28,000. Global Wealth Strategies & Associates increased its position in Linde by 144.8% in the 4th quarter. Global Wealth Strategies & Associates now owns 71 shares of the basic materials company’s stock valued at $30,000 after buying an additional 42 shares in the last quarter. Kozak & Associates Inc. acquired a new position in Linde during the 3rd quarter worth approximately $34,000. Finally, Retirement Wealth Solutions LLC bought a new position in Linde in the fourth quarter worth approximately $34,000. Institutional investors and hedge funds own 82.80% of the company’s stock.

Wall Street Analyst Weigh In

Several equities research analysts have recently commented on the company. Deutsche Bank Aktiengesellschaft boosted their price objective on Linde from $510.00 to $515.00 and gave the company a “buy” rating in a report on Friday, November 1st. TD Cowen upgraded shares of Linde from a “hold” rating to a “buy” rating and upped their price objective for the stock from $480.00 to $515.00 in a report on Monday, January 13th. Mizuho boosted their target price on shares of Linde from $520.00 to $530.00 and gave the stock an “outperform” rating in a research report on Friday, November 1st. Citigroup dropped their price target on shares of Linde from $490.00 to $480.00 and set a “neutral” rating on the stock in a research report on Wednesday, December 18th. 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 stock. According to data from MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus target price of $501.82.

Linde Stock Performance

Shares of LIN opened at $455.05 on Monday. The stock has a 50 day moving average of $434.36 and a 200 day moving average of $453.60. The company has a market capitalization of $216.68 billion, a price-to-earnings ratio of 33.43, a PEG ratio of 2.89 and a beta of 0.94. Linde plc has a 12 month low of $410.69 and a 12 month high of $487.49. The company has a current ratio of 0.89, a quick ratio of 0.81 and a debt-to-equity ratio of 0.39.

Linde (NASDAQ:LIN) last announced its earnings results on Thursday, February 6th. The basic materials company reported $3.97 earnings per share (EPS) for the quarter, beating the consensus estimate of $3.93 by $0.04. Linde had a return on equity of 18.71% and a net margin of 19.89%. As a group, sell-side analysts forecast that Linde plc will post 16.55 earnings per share for the current year.

Insiders Place Their Bets

In other news, VP David P. Strauss sold 2,218 shares of the stock in a transaction on Monday, December 16th. The stock was 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 approximately $11,260,958.10. This represents a 7.88 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, Director Paula Rosput Reynolds acquired 100 shares of the stock in a transaction that occurred on Thursday, December 12th. The stock was purchased at an average price of $441.34 per share, for a total transaction 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. This trade represents a 75.19 % increase in their position. The disclosure for this purchase can be found here. Insiders own 0.60% of the company’s stock.

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.