Bleakley Financial Group LLC Purchases 103 Shares of Linde plc (NASDAQ:LIN)

Bleakley Financial Group LLC grew its holdings in Linde plc (NASDAQ:LIN) by 0.8% during the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 13,058 shares of the basic materials company’s stock after purchasing an additional 103 shares during the period. Bleakley Financial Group LLC’s holdings in Linde were worth $5,467,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors also recently modified their holdings of the business. Synergy Asset Management LLC purchased a new position in Linde in the 4th quarter valued at approximately $25,000. Global Wealth Strategies & Associates boosted its holdings in shares of Linde by 144.8% in 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 period. Kozak & Associates Inc. bought a new stake in shares of Linde during the 3rd quarter valued at $34,000. Retirement Wealth Solutions LLC bought a new stake in shares of Linde during the 4th quarter valued at $34,000. Finally, Hanson & Doremus Investment Management lifted its holdings in Linde by 34.2% during the 4th quarter. Hanson & Doremus Investment Management now owns 98 shares of the basic materials company’s stock worth $41,000 after purchasing an additional 25 shares in the last quarter. Institutional investors own 82.80% of the company’s stock.

Linde Price Performance

Shares of NASDAQ:LIN opened at $453.70 on Thursday. The company has a quick ratio of 0.81, a current ratio of 0.96 and a debt-to-equity ratio of 0.43. The stock has a market cap of $216.03 billion, a PE ratio of 34.45, a PEG ratio of 2.77 and a beta of 0.94. The company’s fifty day moving average is $434.48 and its 200 day moving average is $453.44. Linde plc has a 52 week low of $410.69 and a 52 week high of $487.49.

Analysts Set New Price Targets

Several equities research analysts have recently weighed in on the company. Citigroup decreased their price target on Linde from $490.00 to $480.00 and set a “neutral” rating on the stock in a research report on Wednesday, December 18th. Deutsche Bank Aktiengesellschaft upped their target price on shares of Linde from $510.00 to $515.00 and gave the stock a “buy” rating in a report on Friday, November 1st. BMO Capital Markets boosted their price target on shares of Linde from $477.00 to $507.00 and gave the company an “outperform” rating in a research report on Friday, November 1st. TD Cowen upgraded Linde from a “hold” rating to a “buy” rating and upped their target price for the stock from $480.00 to $515.00 in a research note on Monday, January 13th. Finally, Erste Group Bank reissued a “hold” rating on shares of Linde in a research note on Tuesday, November 19th. Four investment analysts have rated the stock with a hold rating and nine have assigned a buy rating to the company’s stock. According to data from MarketBeat.com, Linde has an average rating of “Moderate Buy” and a consensus price target of $501.82.

Insider Activity

In other news, Director Paula Rosput Reynolds purchased 100 shares of the business’s stock in a transaction on Thursday, December 12th. The shares were acquired at an average price of $441.34 per share, with a total value of $44,134.00. Following the acquisition, the director now directly owns 233 shares in the company, valued at approximately $102,832.22. The trade was a 75.19 % increase in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. Also, VP Guillermo Bichara sold 4,385 shares of the company’s stock in a transaction dated Wednesday, December 4th. The shares were 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 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. 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.