Acorn Wealth Advisors LLC Has $259,000 Stock Position in Linde plc (NASDAQ:LIN)

Acorn Wealth Advisors LLC grew its holdings in shares of Linde plc (NASDAQ:LIN) by 9.4% in the 4th quarter, according to its most recent disclosure with the SEC. The fund owned 618 shares of the basic materials company’s stock after acquiring an additional 53 shares during the period. Acorn Wealth Advisors LLC’s holdings in Linde were worth $259,000 as of its most recent SEC filing.

A number of other hedge funds also recently modified their holdings of the business. Synergy Asset Management LLC bought a new position in Linde during the 4th quarter worth $25,000. Strategic Financial Concepts LLC bought a new position in shares of Linde during the fourth quarter worth about $28,000. Global Wealth Strategies & Associates raised its position 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 worth $30,000 after acquiring an additional 42 shares during the last quarter. Retirement Wealth Solutions LLC acquired a new position in shares of Linde in the fourth quarter worth approximately $34,000. Finally, Kozak & Associates Inc. boosted its holdings in Linde by 38.6% in the fourth quarter. Kozak & Associates Inc. now owns 97 shares of the basic materials company’s stock valued at $40,000 after acquiring an additional 27 shares during the last quarter. Institutional investors and hedge funds own 82.80% of the company’s stock.

Linde Stock Performance

Shares of Linde stock opened at $467.49 on Wednesday. The business has a 50-day simple moving average of $438.23 and a 200 day simple moving average of $454.70. Linde plc has a one year low of $410.69 and a one year high of $487.49. The company has a debt-to-equity ratio of 0.39, a current ratio of 0.89 and a quick ratio of 0.76. The firm has a market capitalization of $222.60 billion, a price-to-earnings ratio of 34.35, a PEG ratio of 3.08 and a beta of 0.94.

Linde (NASDAQ:LIN) last released its quarterly earnings data on Thursday, February 6th. The basic materials company reported $3.97 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%. On average, research analysts anticipate that Linde plc will post 16.54 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

Several research firms have issued reports on LIN. Erste Group Bank restated a “hold” rating on shares of Linde in a report on Tuesday, November 19th. TD Cowen raised shares of Linde from a “hold” rating to a “buy” rating and lifted their target price for the stock from $480.00 to $515.00 in a research note on Monday, January 13th. Mizuho upped their price target on shares of Linde from $520.00 to $530.00 and gave the company an “outperform” rating in a research report on Friday, November 1st. Deutsche Bank Aktiengesellschaft increased their price target on Linde from $510.00 to $515.00 and gave the stock a “buy” rating in a report on Friday, November 1st. Finally, Citigroup dropped their price objective on Linde from $490.00 to $480.00 and set a “neutral” rating on the stock in a research note on Wednesday, December 18th. Four research analysts have rated the stock with a hold rating and nine have issued a buy rating to the stock. Based on data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average target price of $501.82.

Insider Buying and Selling at Linde

In other Linde news, VP David P. Strauss sold 2,218 shares of Linde stock in a transaction dated 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. The trade was a 7.88 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, VP Guillermo Bichara sold 4,385 shares of the 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 completion of the sale, the vice president now directly owns 22,776 shares of the company’s stock, 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. In the last 90 days, insiders sold 16,285 shares of company stock worth $7,423,986. 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.