Leo Wealth LLC Grows Holdings in Linde plc (NASDAQ:LIN)

Leo Wealth LLC boosted its holdings in shares of Linde plc (NASDAQ:LIN) by 3.3% in the fourth quarter, HoldingsChannel reports. The fund owned 915 shares of the basic materials company’s stock after acquiring an additional 29 shares during the period. Leo Wealth LLC’s holdings in Linde were worth $383,000 as of its most recent SEC filing.

Several other hedge funds have also bought and sold shares of LIN. Helios Capital Management PTE. Ltd. increased its stake in shares of Linde by 85.2% during the fourth quarter. Helios Capital Management PTE. Ltd. now owns 2,500 shares of the basic materials company’s stock valued at $1,047,000 after purchasing an additional 1,150 shares in the last quarter. Channel Wealth LLC grew its stake in shares of Linde by 30.4% in the 4th quarter. Channel Wealth LLC now owns 7,385 shares of the basic materials company’s stock worth $3,092,000 after buying an additional 1,723 shares during the last quarter. Nordea Investment Management AB increased its position in Linde by 2.2% during the 4th quarter. Nordea Investment Management AB now owns 2,145,643 shares of the basic materials company’s stock valued at $898,188,000 after buying an additional 46,843 shares in the last quarter. M&T Bank Corp raised its stake in Linde by 6.7% during the third quarter. M&T Bank Corp now owns 79,472 shares of the basic materials company’s stock valued at $37,898,000 after buying an additional 5,021 shares during the last quarter. Finally, SYM FINANCIAL Corp bought a new stake in Linde in the fourth quarter worth $625,000. Institutional investors own 82.80% of the company’s stock.

Linde Stock Performance

LIN stock opened at $455.05 on Friday. The company has a market cap of $216.68 billion, a P/E ratio of 34.55, a price-to-earnings-growth ratio of 2.77 and a beta of 0.94. 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 plc has a 1 year low of $410.69 and a 1 year high of $487.49. The stock’s fifty day moving average price is $434.48 and its 200-day moving average price is $453.49.

Linde (NASDAQ:LIN) last released its quarterly 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 18.16% and a net margin of 19.33%. On average, equities analysts forecast that Linde plc will post 15.45 earnings per share for the current year.

Insider Activity at Linde

In other Linde news, VP Guillermo Bichara sold 4,385 shares of the company’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 sale, the vice president now owns 22,776 shares in the company, valued at $10,493,586.48. This represents a 16.14 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through this hyperlink. Also, Director Paula Rosput Reynolds acquired 100 shares of the stock in a transaction dated Thursday, December 12th. The shares were bought at an average cost of $441.34 per share, for a total transaction of $44,134.00. Following the completion of the transaction, the director now owns 233 shares in the company, valued at approximately $102,832.22. This represents a 75.19 % increase in their ownership of the stock. The disclosure for this purchase can be found here. 0.60% of the stock is currently owned by company insiders.

Analyst Upgrades and Downgrades

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

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.