7,200 Shares in Linde plc (NASDAQ:LIN) Purchased by Telligent Fund LP

Telligent Fund LP purchased a new position in Linde plc (NASDAQ:LIN) during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund purchased 7,200 shares of the basic materials company’s stock, valued at approximately $3,014,000. Linde comprises about 2.9% of Telligent Fund LP’s holdings, making the stock its 11th biggest position.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. Geode Capital Management LLC lifted its holdings in Linde by 1.4% during the third 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 lifted its holdings in 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 valued at $1,567,958,000 after purchasing an additional 2,592,682 shares during the last quarter. Charles Schwab Investment Management Inc. lifted its holdings in Linde by 1.7% during the third 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 purchasing an additional 50,882 shares during the last quarter. Impax Asset Management Group plc lifted its holdings in Linde by 2.4% during the third 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 purchasing an additional 56,775 shares during the last quarter. Finally, Nordea Investment Management AB lifted its holdings in Linde by 2.2% during the fourth quarter. Nordea Investment Management AB now owns 2,145,643 shares of the basic materials company’s stock valued at $898,188,000 after purchasing an additional 46,843 shares during the last quarter. 82.80% of the stock is owned by hedge funds and other institutional investors.

Linde Stock Up 1.5 %

LIN stock opened at $460.68 on Friday. The business’s 50-day moving average price is $434.41 and its 200-day moving average price is $453.44. 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 plc has a twelve month low of $410.69 and a twelve month high of $487.49. The stock has a market cap of $219.36 billion, a P/E ratio of 34.98, a PEG ratio of 2.77 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 earnings per share for the quarter, beating the consensus estimate of $3.93 by $0.04. Linde had a return on equity of 18.16% and a net margin of 19.33%. On average, equities research analysts forecast that Linde plc will post 15.45 EPS for the current year.

Analyst Upgrades and Downgrades

LIN has been the topic of several recent research reports. TD Cowen raised shares of Linde from a “hold” rating to a “buy” rating and upped their price objective for the company from $480.00 to $515.00 in a report on Monday, January 13th. Citigroup dropped their price objective 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. Mizuho increased their price target on shares of Linde from $520.00 to $530.00 and gave the stock an “outperform” rating in a report on Friday, November 1st. Deutsche Bank Aktiengesellschaft increased their price target on shares of Linde from $510.00 to $515.00 and gave the stock a “buy” rating in a report on Friday, November 1st. 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’s stock. According to MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus price target of $501.82.

Insider Buying and Selling

In other news, Director Paula Rosput Reynolds acquired 100 shares of the business’s 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 acquisition, 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 acquisition was disclosed in a document filed with the SEC, which is accessible through this link. Also, VP Guillermo Bichara sold 4,385 shares of the firm’s stock in a transaction dated 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 sale, the vice president now directly owns 22,776 shares in the company, 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. 0.60% of the stock is currently owned by company 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.