By otakuyassine3@gmail.com 
Revolve Wealth Partners LLC increased its stake in Linde plc (NASDAQ:LIN – Free Report) by 14.1% in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 777 shares of the basic materials company’s stock after purchasing an additional 96 shares during the period. Revolve Wealth Partners LLC’s holdings in Linde were worth $325,000 as of its most recent filing with the Securities and Exchange Commission.
Other large investors have also recently added to or reduced their stakes in the company. Kozak & Associates Inc. acquired a new position in shares of Linde during the third quarter worth about $34,000. Global Wealth Strategies & Associates lifted its stake in Linde by 144.8% in the 4th quarter. Global Wealth Strategies & Associates now owns 71 shares of the basic materials company’s stock valued at $30,000 after acquiring an additional 42 shares in the last quarter. Retirement Wealth Solutions LLC acquired a new position in Linde during the 4th quarter worth approximately $34,000. Capital Performance Advisors LLP bought a new position in shares of Linde during the 3rd quarter worth approximately $43,000. Finally, Voisard Asset Management Group Inc. raised its holdings in shares of Linde by 1,733.3% in the third quarter. Voisard Asset Management Group Inc. now owns 110 shares of the basic materials company’s stock valued at $53,000 after purchasing an additional 104 shares during the last quarter. Institutional investors own 82.80% of the company’s stock.
Linde Price Performance
NASDAQ:LIN opened at $439.49 on Tuesday. Linde plc has a one year low of $396.07 and a one year high of $487.49. The company has a market cap of $209.27 billion, a P/E ratio of 33.37, a P/E/G ratio of 2.74 and a beta of 0.94. The firm’s fifty day moving average price is $435.45 and its two-hundred day moving average price is $453.33. The company has a debt-to-equity ratio of 0.43, a current ratio of 0.96 and a quick ratio of 0.81.
Linde (NASDAQ:LIN – Get Free Report) last posted its earnings results on Thursday, October 31st. The basic materials company reported $3.94 EPS for the quarter, beating the consensus estimate of $3.89 by $0.05. Linde had a return on equity of 18.16% and a net margin of 19.33%. The company had revenue of $8.36 billion for the quarter, compared to the consensus estimate of $8.39 billion. During the same quarter in the prior year, the business earned $3.63 earnings per share. The firm’s revenue for the quarter was up 1.9% on a year-over-year basis. Equities analysts expect that Linde plc will post 15.45 earnings per share for the current year.
Wall Street Analyst Weigh In
Several research analysts recently commented on the stock. TD Cowen upgraded shares of Linde from a “hold” rating to a “buy” rating and increased their target price for the stock from $480.00 to $515.00 in a report on Monday, January 13th. Deutsche Bank Aktiengesellschaft increased their price objective on shares of Linde from $510.00 to $515.00 and gave the stock a “buy” rating in a research note on Friday, November 1st. BMO Capital Markets lifted their target price on Linde from $477.00 to $507.00 and gave the company an “outperform” rating in a research report on Friday, November 1st. Citigroup reduced their price target on Linde from $490.00 to $480.00 and set a “neutral” rating for the company in a research report on Wednesday, December 18th. Finally, Erste Group Bank reaffirmed a “hold” rating on shares of Linde in a research report on Tuesday, November 19th. Four analysts have rated the stock with a hold rating and nine have given a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average target price of $501.82.
Check Out Our Latest Report on LIN
Insider Activity at Linde
In other Linde news, VP Guillermo Bichara sold 4,385 shares of the firm’s stock in a transaction on 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 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 position. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, VP David P. Strauss sold 2,218 shares of the business’s stock in a transaction on Monday, December 16th. The stock was sold at an average price of $434.35, for a total value of $963,388.30. Following the transaction, the vice president now directly owns 25,926 shares of the company’s stock, valued at $11,260,958.10. This trade represents a 7.88 % decrease in their position. The disclosure for this sale can be found here. 0.60% of the stock is currently owned by corporate insiders.
Linde 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.
See Also
Want to see what other hedge funds are holding LIN? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Linde plc (NASDAQ:LIN – Free Report).
Receive News & Ratings for Linde Daily – Enter your email address below to receive a concise daily summary of the latest news and analysts’ ratings for Linde and related companies with MarketBeat.com’s FREE daily email newsletter.