Linde plc (NASDAQ:LIN) Shares Bought by Mirae Asset Global Investments Co. Ltd.

Mirae Asset Global Investments Co. Ltd. raised its position in Linde plc (NASDAQ:LIN) by 0.7% during the 4th quarter, HoldingsChannel reports. The institutional investor owned 134,041 shares of the basic materials company’s stock after acquiring an additional 929 shares during the quarter. Mirae Asset Global Investments Co. Ltd.’s holdings in Linde were worth $56,642,000 at the end of the most recent reporting period.

Other institutional investors have also bought and sold shares of the company. Synergy Asset Management LLC purchased a new position in Linde in the 4th quarter worth approximately $25,000. 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 worth $30,000 after purchasing an additional 42 shares in the last quarter. Kozak & Associates Inc. purchased a new stake in shares of Linde during the 3rd quarter valued at approximately $34,000. Retirement Wealth Solutions LLC purchased a new stake in shares of Linde during the 4th quarter valued at approximately $34,000. Finally, Hanson & Doremus Investment Management raised its position in shares of Linde by 34.2% during the 4th quarter. Hanson & Doremus Investment Management now owns 98 shares of the basic materials company’s stock valued at $41,000 after buying an additional 25 shares during the period. 82.80% of the stock is owned by hedge funds and other institutional investors.

Insiders Place Their Bets

In related news, VP David P. Strauss sold 2,218 shares of the business’s stock in a transaction on Monday, December 16th. The shares were sold at an average price of $434.35, for a total transaction of $963,388.30. Following the completion of the transaction, the vice president now owns 25,926 shares in the company, valued at approximately $11,260,958.10. The trade was a 7.88 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, VP Guillermo Bichara sold 4,385 shares of the business’s stock in a transaction 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 transaction, the vice president now owns 22,776 shares of the company’s stock, valued at approximately $10,493,586.48. The trade was a 16.14 % decrease in their position. The disclosure for this sale can be found here. Insiders own 0.60% of the company’s stock.

Analyst Upgrades and Downgrades

Several research firms have recently commented on LIN. Deutsche Bank Aktiengesellschaft lifted their price target on shares of Linde from $510.00 to $515.00 and gave the company a “buy” rating in a research report on Friday, November 1st. BMO Capital Markets lifted their target price on shares of Linde from $477.00 to $507.00 and gave the company an “outperform” rating in a report on Friday, November 1st. Erste Group Bank reiterated a “hold” rating on shares of Linde in a report on Tuesday, November 19th. Mizuho lifted their target price on shares of Linde from $520.00 to $530.00 and gave the company an “outperform” rating in a report on Friday, November 1st. Finally, TD Cowen upgraded shares of Linde from a “hold” rating to a “buy” rating and lifted their target price for the company from $480.00 to $515.00 in a report on Monday, January 13th. Four equities research 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, Linde has a consensus rating of “Moderate Buy” and an average target price of $501.82.

Linde Stock Performance

NASDAQ:LIN opened at $454.80 on Wednesday. The company has a fifty day simple moving average of $434.51 and a two-hundred day simple moving average of $453.37. The company has a market cap of $216.56 billion, a price-to-earnings ratio of 34.53, a price-to-earnings-growth ratio of 2.77 and a beta of 0.94. The company has a quick ratio of 0.81, a current ratio of 0.96 and a debt-to-equity ratio of 0.43. Linde plc has a 52 week low of $396.07 and a 52 week high of $487.49.

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.