2,025 Shares in Linde plc (NASDAQ:LIN) Bought by Atlas Legacy Advisors LLC

Atlas Legacy Advisors LLC acquired a new position in shares of Linde plc (NASDAQ:LIN) during the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor acquired 2,025 shares of the basic materials company’s stock, valued at approximately $848,000.

A number of other institutional investors and hedge funds have also recently bought and sold shares of the business. Geode Capital Management LLC grew its holdings in Linde by 1.4% in 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 grew its holdings in Linde by 372.8% in 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. grew its holdings in Linde by 1.7% in 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 grew its holdings in Linde by 2.4% in 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 grew its holdings in Linde by 2.2% in 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. Institutional investors and hedge funds own 82.80% of the company’s stock.

Wall Street Analysts Forecast Growth

Several research firms have weighed in on LIN. Mizuho upped their target price on Linde from $520.00 to $530.00 and gave the company an “outperform” rating in a report on Friday, November 1st. Deutsche Bank Aktiengesellschaft increased their price objective on Linde from $510.00 to $515.00 and gave the company a “buy” rating in a research note on Friday, November 1st. Citigroup decreased 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. BMO Capital Markets increased their price objective on Linde from $477.00 to $507.00 and gave the company an “outperform” rating in a research note on Friday, November 1st. Finally, Erste Group Bank reaffirmed 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 issued a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $501.82.

Linde Stock Performance

NASDAQ LIN opened at $465.83 on Wednesday. The business’s 50-day moving average price is $435.53 and its 200 day moving average price is $454.12. Linde plc has a twelve month low of $410.69 and a twelve month high of $487.49. The company has a market capitalization of $221.81 billion, a PE ratio of 34.23, a price-to-earnings-growth ratio of 3.05 and a beta of 0.94. The company has a current ratio of 0.89, a quick ratio of 0.76 and a debt-to-equity ratio of 0.39.

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, topping 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 predict that Linde plc will post 16.54 earnings per share for the current year.

Insider Transactions at Linde

In other news, Director Robert L. Wood sold 2,900 shares of the firm’s stock in a transaction dated Monday, February 10th. The stock was sold at an average price of $456.26, for a total value of $1,323,154.00. Following the transaction, the director now directly owns 14,013 shares in the company, valued at $6,393,571.38. This trade represents a 17.15 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. 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 completion of the transaction, the vice president now 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. Insiders have sold a total of 9,503 shares of company stock worth $4,306,843 in the last three months. 0.60% of the stock is currently owned by company insiders.

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.