Cumberland Partners Ltd Has $31.17 Million Stock Position in Linde plc (NASDAQ:LIN)

Cumberland Partners Ltd lessened its holdings in Linde plc (NASDAQ:LIN) by 0.1% during the fourth quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 74,441 shares of the basic materials company’s stock after selling 87 shares during the quarter. Linde accounts for approximately 2.2% of Cumberland Partners Ltd’s investment portfolio, making the stock its 14th biggest position. Cumberland Partners Ltd’s holdings in Linde were worth $31,166,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors also recently modified their holdings of the business. Geode Capital Management LLC lifted its stake in Linde by 1.4% in the 3rd quarter. Geode Capital Management LLC now owns 10,973,175 shares of the basic materials company’s stock valued at $5,217,197,000 after purchasing an additional 154,792 shares during the last quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC increased its holdings in shares of Linde by 372.8% during the third quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 3,288,088 shares of the basic materials company’s stock worth $1,567,958,000 after buying an additional 2,592,682 shares in the last quarter. Charles Schwab Investment Management Inc. lifted its stake in shares of Linde by 1.7% in the 3rd quarter. Charles Schwab Investment Management Inc. now owns 3,015,882 shares of the basic materials company’s stock valued at $1,438,154,000 after acquiring an additional 50,882 shares during the last quarter. Impax Asset Management Group plc boosted its holdings in shares of Linde by 2.4% during the 3rd quarter. Impax Asset Management Group plc now owns 2,374,339 shares of the basic materials company’s stock valued at $1,130,986,000 after acquiring an additional 56,775 shares in the last quarter. Finally, Nordea Investment Management AB grew its position in Linde by 2.2% during the 4th quarter. Nordea Investment Management AB now owns 2,145,643 shares of the basic materials company’s stock worth $898,188,000 after acquiring an additional 46,843 shares during the last quarter. Institutional investors own 82.80% of the company’s stock.

Wall Street Analyst Weigh In

Several equities analysts have commented on the company. Erste Group Bank reiterated a “hold” rating on shares of Linde in a research report on Tuesday, November 19th. BMO Capital Markets raised their price objective on shares of Linde from $477.00 to $507.00 and gave the company an “outperform” rating in a report on Friday, November 1st. Mizuho boosted their target price on shares of Linde from $520.00 to $530.00 and gave the stock an “outperform” rating in a report on Friday, November 1st. TD Cowen raised shares of Linde from a “hold” rating to a “buy” rating and raised their price target for the company from $480.00 to $515.00 in a research note on Monday, January 13th. Finally, Citigroup cut their price target on shares of Linde from $490.00 to $480.00 and set a “neutral” rating on the stock in a report on Wednesday, December 18th. Four analysts have rated the stock with a hold rating and nine have given a buy rating to the company. Based on data from MarketBeat.com, the company has an average rating of “Moderate Buy” and an average price target of $501.82.

Linde Stock Performance

Shares of Linde stock opened at $462.07 on Thursday. The business has a 50-day moving average price of $435.96 and a two-hundred day moving average price of $454.18. Linde plc has a 1-year low of $410.69 and a 1-year high of $487.49. The company has a current ratio of 0.89, a quick ratio of 0.76 and a debt-to-equity ratio of 0.39. The company has a market cap of $220.02 billion, a P/E ratio of 33.95, a PEG ratio of 3.05 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 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, analysts anticipate that Linde plc will post 16.54 EPS for the current year.

Insider Activity

In other news, Director Paula Rosput Reynolds acquired 100 shares of Linde stock in a transaction on 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 completion of the purchase, the director now owns 233 shares of the company’s stock, valued at approximately $102,832.22. The trade was a 75.19 % increase in their position. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Also, VP Guillermo Bichara sold 4,385 shares of the company’s stock in a transaction that occurred 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 $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 worth $4,306,843 in the last quarter. 0.60% of the stock is owned by corporate insiders.

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.