Concord Asset Management LLC VA Has $2 Million Holdings in Linde plc (NASDAQ:LIN)

Concord Asset Management LLC VA lifted its stake in shares of Linde plc (NASDAQ:LIN) by 0.5% in the 4th quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 4,774 shares of the basic materials company’s stock after acquiring an additional 23 shares during the quarter. Concord Asset Management LLC VA’s holdings in Linde were worth $1,999,000 as of its most recent filing with the SEC.

Other hedge funds have also made changes to their positions in the company. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC increased its holdings in shares of Linde by 372.8% during the 3rd 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 purchasing an additional 2,592,682 shares during the period. International Assets Investment Management LLC increased its stake in Linde by 47,830.2% during the third quarter. International Assets Investment Management LLC now owns 936,076 shares of the basic materials company’s stock valued at $446,377,000 after acquiring an additional 934,123 shares during the period. Assenagon Asset Management S.A. raised its holdings in Linde by 2,293.0% in the 4th quarter. Assenagon Asset Management S.A. now owns 782,461 shares of the basic materials company’s stock valued at $327,593,000 after acquiring an additional 749,763 shares in the last quarter. AMF Tjanstepension AB lifted its position in shares of Linde by 108.7% in the 3rd quarter. AMF Tjanstepension AB now owns 784,477 shares of the basic materials company’s stock worth $374,086,000 after acquiring an additional 408,659 shares during the period. Finally, KBC Group NV grew its holdings in shares of Linde by 131.6% during the 3rd quarter. KBC Group NV now owns 621,444 shares of the basic materials company’s stock worth $296,342,000 after purchasing an additional 353,136 shares in the last quarter. Institutional investors and hedge funds own 82.80% of the company’s stock.

Insider Buying and Selling at Linde

In other news, Director Paula Rosput Reynolds bought 100 shares of the 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. This trade represents a 75.19 % increase in their ownership of the stock. The purchase was disclosed in a legal filing with the SEC, which is available at the SEC website. Also, VP Guillermo Bichara sold 4,385 shares of Linde stock in a transaction on Wednesday, December 4th. The stock was sold at an average price of $460.73, for a total transaction 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. This represents a 16.14 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Corporate insiders own 0.60% of the company’s stock.

Linde Trading Down 0.1 %

LIN stock opened at $446.12 on Friday. The business has a fifty day moving average of $434.54 and a 200-day moving average of $453.23. The company has a market cap of $212.42 billion, a P/E ratio of 33.87, a PEG ratio of 2.72 and a beta of 0.94. Linde plc has a twelve month low of $396.07 and a twelve month high of $487.49. The company has a quick ratio of 0.81, a current ratio of 0.96 and a debt-to-equity ratio of 0.43.

Linde (NASDAQ:LIN) last issued its earnings results on Thursday, October 31st. The basic materials company reported $3.94 earnings per share (EPS) for the quarter, beating the consensus estimate of $3.89 by $0.05. Linde had a net margin of 19.33% and a return on equity of 18.16%. The company had revenue of $8.36 billion for the quarter, compared to analyst estimates of $8.39 billion. During the same quarter last year, the firm earned $3.63 EPS. The company’s revenue for the quarter was up 1.9% on a year-over-year basis. As a group, equities research analysts expect that Linde plc will post 15.45 EPS for the current year.

Analyst Ratings Changes

Several research analysts recently commented on the company. Mizuho raised their target price on Linde from $520.00 to $530.00 and gave the stock an “outperform” rating in a research report on Friday, November 1st. TD Cowen upgraded shares of Linde from a “hold” rating to a “buy” rating and lifted their target price for the company from $480.00 to $515.00 in a research report on Monday, January 13th. Deutsche Bank Aktiengesellschaft raised their price target on shares of Linde from $510.00 to $515.00 and gave the stock a “buy” rating in a research note on Friday, November 1st. Citigroup lowered 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. Finally, Erste Group Bank reissued a “hold” rating on shares of Linde in a report on Tuesday, November 19th. Four equities research analysts have rated the stock with a hold rating and nine have given a buy rating to the company. According to MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $501.82.

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.