Wilmington Savings Fund Society FSB Grows Stock Position in Linde plc (NASDAQ:LIN)

Wilmington Savings Fund Society FSB boosted its position in shares of Linde plc (NASDAQ:LIN) by 32.0% in the 4th quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 10,054 shares of the basic materials company’s stock after buying an additional 2,435 shares during the quarter. Wilmington Savings Fund Society FSB’s holdings in Linde were worth $4,209,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds have also bought and sold shares of the company. Synergy Asset Management LLC bought a new position in Linde during the 4th quarter valued at about $25,000. Kozak & Associates Inc. bought a new stake in Linde in the third quarter worth about $34,000. Global Wealth Strategies & Associates grew its stake in shares of Linde by 144.8% during the fourth 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 during the last quarter. Retirement Wealth Solutions LLC purchased a new stake in shares of Linde in the fourth quarter worth approximately $34,000. Finally, Capital Performance Advisors LLP bought a new stake in shares of Linde during the 3rd quarter worth approximately $43,000. Institutional investors own 82.80% of the company’s stock.

Analyst Ratings Changes

Several brokerages have commented on LIN. Citigroup cut their price objective on Linde from $490.00 to $480.00 and set a “neutral” rating on the stock in a research report on Wednesday, December 18th. BMO Capital Markets upped their price target on shares of Linde from $477.00 to $507.00 and gave the stock an “outperform” rating in a report on Friday, November 1st. TD Cowen upgraded shares of Linde from a “hold” rating to a “buy” rating and lifted their price objective for the company from $480.00 to $515.00 in a report on Monday, January 13th. Mizuho upped their target price on shares of Linde from $520.00 to $530.00 and gave the stock an “outperform” rating in a research note on Friday, November 1st. Finally, Deutsche Bank Aktiengesellschaft raised their target price on shares of Linde from $510.00 to $515.00 and gave the stock a “buy” rating in a research report on Friday, November 1st. Four equities research analysts have rated the stock with a hold rating and nine have given a buy rating to the company’s stock. According to MarketBeat.com, Linde currently has an average rating of “Moderate Buy” and a consensus price target of $501.82.

Linde Stock Down 1.2 %

Linde stock 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 firm has a market cap of $216.68 billion, a P/E ratio of 33.43, a P/E/G ratio of 2.89 and a beta of 0.94. The business has a fifty day moving average of $434.36 and a two-hundred day moving average of $453.55. Linde plc has a twelve month low of $410.69 and a twelve month high of $487.49.

Linde (NASDAQ:LIN) last issued its quarterly earnings data on Thursday, February 6th. The basic materials company reported $3.97 earnings per share 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 forecast that Linde plc will post 16.55 earnings per share for the current fiscal year.

Insider Activity

In other Linde news, Director Paula Rosput Reynolds acquired 100 shares of the stock in a transaction dated Thursday, December 12th. The stock was purchased at an average price of $441.34 per share, with a total value of $44,134.00. Following the transaction, the director now directly owns 233 shares of the company’s stock, valued at $102,832.22. This trade represents a 75.19 % increase in their ownership of the stock. The acquisition was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, VP Guillermo Bichara sold 4,385 shares of the business’s 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 transaction, the vice president now owns 22,776 shares in the company, valued at approximately $10,493,586.48. This trade 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 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.