Linde plc (NASDAQ:LIN) Shares Purchased by Nicholson Wealth Management Group LLC

Nicholson Wealth Management Group LLC boosted its stake in Linde plc (NASDAQ:LIN) by 80.1% during the fourth quarter, according to its most recent 13F filing with the SEC. The firm owned 3,900 shares of the basic materials company’s stock after acquiring an additional 1,735 shares during the quarter. Linde accounts for about 1.1% of Nicholson Wealth Management Group LLC’s portfolio, making the stock its 23rd biggest holding. Nicholson Wealth Management Group LLC’s holdings in Linde were worth $1,633,000 as of its most recent filing with the SEC.

Other institutional investors have also recently added to or reduced their stakes in the company. Concord Asset Management LLC VA increased its stake in Linde by 0.5% during the fourth quarter. Concord Asset Management LLC VA now owns 4,774 shares of the basic materials company’s stock worth $1,999,000 after purchasing an additional 23 shares during the period. Salomon & Ludwin LLC grew its position in shares of Linde by 14.3% during the third quarter. Salomon & Ludwin LLC now owns 192 shares of the basic materials company’s stock worth $92,000 after buying an additional 24 shares in the last quarter. Fourpath Capital Management LLC grew its position in shares of Linde by 0.6% during the fourth quarter. Fourpath Capital Management LLC now owns 4,138 shares of the basic materials company’s stock worth $1,732,000 after buying an additional 24 shares in the last quarter. Greystone Financial Group LLC grew its position in shares of Linde by 1.3% during the third quarter. Greystone Financial Group LLC now owns 2,013 shares of the basic materials company’s stock worth $960,000 after buying an additional 25 shares in the last quarter. Finally, Romano Brothers AND Company grew its position in shares of Linde by 1.3% during the fourth quarter. Romano Brothers AND Company now owns 2,009 shares of the basic materials company’s stock worth $841,000 after buying an additional 25 shares in the last quarter. Institutional investors and hedge funds own 82.80% of the company’s stock.

Linde Stock Down 0.0 %

Shares of NASDAQ LIN opened at $461.90 on Friday. The stock has a market cap of $219.94 billion, a PE ratio of 33.94, a price-to-earnings-growth ratio of 3.08 and a beta of 0.94. The company has a quick ratio of 0.76, a current ratio of 0.89 and a debt-to-equity ratio of 0.39. Linde plc has a 52-week low of $410.69 and a 52-week high of $487.49. The business has a 50-day moving average price of $436.43 and a 200 day moving average price of $454.23.

Linde (NASDAQ:LIN) last announced its earnings results on Thursday, February 6th. The basic materials company reported $3.97 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $3.93 by $0.04. Linde had a return on equity of 18.71% and a net margin of 19.89%. Equities research analysts forecast that Linde plc will post 16.54 earnings per share for the current year.

Analyst Upgrades and Downgrades

A number of brokerages have recently commented on LIN. Citigroup lowered their price objective on Linde from $490.00 to $480.00 and set a “neutral” rating for the company in a research report on Wednesday, December 18th. Mizuho boosted their price objective on Linde from $520.00 to $530.00 and gave the stock an “outperform” rating in a research report on Friday, November 1st. BMO Capital Markets boosted their price objective on Linde from $477.00 to $507.00 and gave the stock an “outperform” rating in a research report on Friday, November 1st. Erste Group Bank reissued a “hold” rating on shares of Linde in a research report on Tuesday, November 19th. Finally, TD Cowen raised Linde from a “hold” rating to a “buy” rating and boosted their price objective for the stock from $480.00 to $515.00 in a research report on Monday, January 13th. Four analysts have rated the stock with a hold rating and nine have issued a buy rating to the company. Based on data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average target price of $501.82.

Insider Activity at Linde

In other Linde news, VP Guillermo Bichara sold 4,385 shares of the company’s stock in a transaction that occurred 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 completion of the sale, the vice president now directly owns 22,776 shares of the company’s stock, valued at $10,493,586.48. This represents a 16.14 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, Director Robert L. Wood sold 2,900 shares of the company’s stock in a transaction that occurred on Monday, February 10th. The shares were sold at an average price of $456.26, for a total value of $1,323,154.00. Following the sale, the director now directly owns 14,013 shares of the company’s stock, valued at approximately $6,393,571.38. This represents a 17.15 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 9,503 shares of company stock valued at $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.