Regents Gate Capital LLP Invests $7.58 Million in Linde plc (NASDAQ:LIN)

Regents Gate Capital LLP bought a new stake in Linde plc (NASDAQ:LIN) during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund bought 18,115 shares of the basic materials company’s stock, valued at approximately $7,584,000. Linde accounts for approximately 3.0% of Regents Gate Capital LLP’s portfolio, making the stock its 13th biggest position.

Several other institutional investors and hedge funds have also recently bought and sold shares of the business. Helios Capital Management PTE. Ltd. lifted its position in shares of Linde by 85.2% in the fourth quarter. Helios Capital Management PTE. Ltd. now owns 2,500 shares of the basic materials company’s stock valued at $1,047,000 after acquiring an additional 1,150 shares in the last quarter. Channel Wealth LLC lifted its holdings in Linde by 30.4% in the 4th quarter. Channel Wealth LLC now owns 7,385 shares of the basic materials company’s stock valued at $3,092,000 after purchasing an additional 1,723 shares in the last quarter. Nordea Investment Management AB boosted its stake in shares of 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 purchasing an additional 46,843 shares during the last quarter. M&T Bank Corp grew its holdings in shares of Linde by 6.7% during the third quarter. M&T Bank Corp now owns 79,472 shares of the basic materials company’s stock worth $37,898,000 after buying an additional 5,021 shares in the last quarter. Finally, SYM FINANCIAL Corp acquired a new position in shares of Linde in the fourth quarter valued at approximately $625,000. Hedge funds and other institutional investors own 82.80% of the company’s stock.

Linde Trading Down 1.2 %

NASDAQ LIN opened at $455.05 on Monday. The company has a debt-to-equity ratio of 0.39, a quick ratio of 0.81 and a current ratio of 0.89. Linde plc has a one year low of $410.69 and a one year high of $487.49. The company’s 50 day moving average price is $434.36 and its 200 day moving average price is $453.60. The firm has a market capitalization of $216.68 billion, a price-to-earnings ratio of 33.43, a PEG ratio of 2.89 and a beta of 0.94.

Linde (NASDAQ:LIN) last posted 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 net margin of 19.89% and a return on equity of 18.71%. On average, sell-side analysts predict that Linde plc will post 16.55 EPS for the current year.

Analyst Ratings Changes

A number of analysts recently issued reports on LIN shares. Citigroup decreased their target price on shares of Linde from $490.00 to $480.00 and set a “neutral” rating on the stock in a research report on Wednesday, December 18th. Erste Group Bank reaffirmed a “hold” rating on shares of Linde in a research report on Tuesday, November 19th. Mizuho increased 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. Deutsche Bank Aktiengesellschaft lifted their price target on Linde from $510.00 to $515.00 and gave the company a “buy” rating in a report on Friday, November 1st. Finally, BMO Capital Markets increased their price objective on shares of Linde from $477.00 to $507.00 and gave the stock an “outperform” rating in a report on Friday, November 1st. Four research analysts have rated the stock with a hold rating and nine have assigned a buy rating to the company. According to data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $501.82.

Insider Transactions at Linde

In related news, Director Paula Rosput Reynolds acquired 100 shares of Linde stock in a transaction on Thursday, December 12th. The shares were purchased at an average cost of $441.34 per share, for a total transaction of $44,134.00. Following the purchase, the director now directly owns 233 shares of the company’s stock, valued at $102,832.22. The trade was a 75.19 % increase in their position. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, VP Guillermo Bichara sold 4,385 shares of the business’s stock in a transaction dated 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 completion of the sale, the vice president now directly owns 22,776 shares of the company’s stock, valued at $10,493,586.48. The trade was a 16.14 % decrease in their position. The disclosure for this sale can be found here. Company insiders own 0.60% of the company’s stock.

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.