Kentucky Trust Co Invests $62,000 in Linde plc (NASDAQ:LIN)

Kentucky Trust Co purchased a new position in Linde plc (NASDAQ:LIN) during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm purchased 147 shares of the basic materials company’s stock, valued at approximately $62,000.

Other institutional investors also recently bought and sold shares of the company. Trifecta Capital Advisors LLC grew its position in 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 acquiring an additional 21 shares in the last quarter. Regent Peak Wealth Advisors LLC boosted its position in shares of Linde by 1.3% during the third quarter. Regent Peak Wealth Advisors LLC now owns 1,831 shares of the basic materials company’s stock valued at $873,000 after buying an additional 23 shares during the period. Concord Asset Management LLC VA boosted its position in shares of Linde by 0.5% during the fourth quarter. Concord Asset Management LLC VA now owns 4,774 shares of the basic materials company’s stock valued at $1,999,000 after buying an additional 23 shares during the period. Salomon & Ludwin LLC boosted its position in shares of Linde by 14.3% during the third quarter. Salomon & Ludwin LLC now owns 192 shares of the basic materials company’s stock valued at $92,000 after buying an additional 24 shares during the period. Finally, Fourpath Capital Management LLC boosted its position in shares of Linde by 0.6% during the fourth quarter. Fourpath Capital Management LLC now owns 4,138 shares of the basic materials company’s stock valued at $1,732,000 after buying an additional 24 shares during the period. 82.80% of the stock is owned by institutional investors.

Analysts Set New Price Targets

Several research analysts have issued reports on LIN shares. Mizuho boosted their target price on Linde from $520.00 to $530.00 and gave the company an “outperform” rating in a research report on Friday, November 1st. Citigroup dropped 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. BMO Capital Markets boosted their target price on Linde from $477.00 to $507.00 and gave the company an “outperform” rating in a research report on Friday, November 1st. TD Cowen raised shares of Linde from a “hold” rating to a “buy” rating and lifted their price target for the company from $480.00 to $515.00 in a research note on Monday, January 13th. Finally, Deutsche Bank Aktiengesellschaft lifted their price target on shares of Linde from $510.00 to $515.00 and gave the company a “buy” rating in a research note on Friday, November 1st. Four investment analysts have rated the stock with a hold rating and nine have given a buy rating to the stock. Based on data from MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus price target of $501.82.

Linde Stock Performance

Shares of NASDAQ:LIN opened at $458.56 on Thursday. The company has a market capitalization of $218.35 billion, a price-to-earnings ratio of 33.69, a price-to-earnings-growth ratio of 2.89 and a beta of 0.94. Linde plc has a 52 week low of $410.69 and a 52 week high of $487.49. 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 50 day moving average of $434.44 and a 200 day moving average of $453.86.

Linde (NASDAQ:LIN) last issued its quarterly earnings data 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 net margin of 19.89% and a return on equity of 18.71%. On average, sell-side analysts predict that Linde plc will post 16.55 earnings per share for the current fiscal year.

Insider Buying and Selling

In other Linde news, Director Paula Rosput Reynolds purchased 100 shares of Linde stock in a transaction dated Thursday, December 12th. The shares were acquired at an average cost of $441.34 per share, with a total value of $44,134.00. Following the completion of the transaction, the director now owns 233 shares in the company, valued at approximately $102,832.22. This trade represents a 75.19 % increase in their position. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, VP Guillermo Bichara sold 4,385 shares of the company’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 directly owns 22,776 shares in the company, valued at approximately $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. Insiders sold 9,503 shares of company stock valued at $4,306,843 over the last 90 days. Corporate insiders own 0.60% of the company’s stock.

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.