Flagship Harbor Advisors LLC Has $377,000 Holdings in Linde plc (NASDAQ:LIN)

Flagship Harbor Advisors LLC grew its holdings in shares of Linde plc (NASDAQ:LIN) by 40.8% in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 900 shares of the basic materials company’s stock after acquiring an additional 261 shares during the quarter. Flagship Harbor Advisors LLC’s holdings in Linde were worth $377,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also recently made changes to their positions in the stock. Global Wealth Strategies & Associates increased its position in Linde by 144.8% during the 4th quarter. Global Wealth Strategies & Associates now owns 71 shares of the basic materials company’s stock worth $30,000 after purchasing an additional 42 shares in the last quarter. Kozak & Associates Inc. acquired a new position in shares of Linde during the third quarter worth $34,000. Retirement Wealth Solutions LLC bought a new position in shares of Linde in the 4th quarter valued at $34,000. Capital Performance Advisors LLP acquired a new stake in shares of Linde during the 3rd quarter valued at $43,000. Finally, Decker Retirement Planning Inc. acquired a new position in Linde in the 4th quarter worth about $47,000. Institutional investors own 82.80% of the company’s stock.

Insider Transactions at Linde

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

Analysts Set New Price Targets

LIN has been the topic of several research reports. Citigroup reduced their price target on Linde from $490.00 to $480.00 and set a “neutral” rating on the stock in a report on Wednesday, December 18th. BMO Capital Markets upped their price target on shares of Linde from $477.00 to $507.00 and gave the company an “outperform” rating in a research report on Friday, November 1st. TD Cowen raised shares of 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 note on Monday, January 13th. Deutsche Bank Aktiengesellschaft raised their target price on Linde from $510.00 to $515.00 and gave the stock a “buy” rating in a research report on Friday, November 1st. Finally, Erste Group Bank reiterated a “hold” rating on shares of Linde in a research 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. According to MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $501.82.

Linde Price Performance

Shares of LIN opened at $435.51 on Wednesday. The firm has a market cap of $207.37 billion, a PE ratio of 33.07, a price-to-earnings-growth ratio of 2.74 and a beta of 0.94. Linde plc has a 52-week low of $396.07 and a 52-week high of $487.49. The business’s 50 day moving average price is $435.27 and its two-hundred day moving average price is $453.36. The company has a debt-to-equity ratio of 0.43, a quick ratio of 0.81 and a current ratio of 0.96.

Linde (NASDAQ:LIN) last released its earnings results on Thursday, October 31st. The basic materials company reported $3.94 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $3.89 by $0.05. The company had revenue of $8.36 billion for the quarter, compared to the consensus estimate of $8.39 billion. Linde had a net margin of 19.33% and a return on equity of 18.16%. Linde’s quarterly revenue was up 1.9% compared to the same quarter last year. During the same quarter in the previous year, the company earned $3.63 EPS. On average, equities analysts anticipate that Linde plc will post 15.45 EPS for the current year.

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.