Schear Investment Advisers LLC Purchases 52 Shares of Linde plc (NASDAQ:LIN)

Schear Investment Advisers LLC increased its position in Linde plc (NASDAQ:LIN) by 1.3% during the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 4,165 shares of the basic materials company’s stock after purchasing an additional 52 shares during the period. Schear Investment Advisers LLC’s holdings in Linde were worth $1,744,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also bought and sold shares of LIN. Geode Capital Management LLC grew its holdings in Linde by 1.4% during the third quarter. Geode Capital Management LLC now owns 10,973,175 shares of the basic materials company’s stock worth $5,217,197,000 after buying an additional 154,792 shares in the last quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC grew its stake in shares of Linde by 372.8% in the 3rd quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 3,288,088 shares of the basic materials company’s stock worth $1,567,958,000 after acquiring an additional 2,592,682 shares in the last quarter. Charles Schwab Investment Management Inc. raised its holdings in shares of Linde by 1.7% in the third quarter. Charles Schwab Investment Management Inc. now owns 3,015,882 shares of the basic materials company’s stock valued at $1,438,154,000 after purchasing an additional 50,882 shares during the last quarter. Impax Asset Management Group plc lifted its position in shares of Linde by 2.4% during the third quarter. Impax Asset Management Group plc now owns 2,374,339 shares of the basic materials company’s stock valued at $1,130,986,000 after purchasing an additional 56,775 shares in the last quarter. Finally, Nordea Investment Management AB boosted its holdings in Linde by 2.2% during the fourth quarter. Nordea Investment Management AB now owns 2,145,643 shares of the basic materials company’s stock worth $898,188,000 after purchasing an additional 46,843 shares during the last quarter. Institutional investors own 82.80% of the company’s stock.

Insider Activity at Linde

In related news, VP David P. Strauss sold 2,218 shares of the stock in a transaction dated Monday, December 16th. The shares were sold at an average price of $434.35, for a total transaction of $963,388.30. Following the sale, the vice president now directly owns 25,926 shares of the company’s stock, valued at approximately $11,260,958.10. This represents a 7.88 % decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, Director Paula Rosput Reynolds purchased 100 shares of the business’s stock in a transaction dated Thursday, December 12th. The shares were purchased at an average price of $441.34 per share, for a total transaction of $44,134.00. Following the acquisition, the director now owns 233 shares of the company’s stock, valued at approximately $102,832.22. The trade was 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.

Linde Stock Down 0.0 %

Shares of NASDAQ LIN opened at $460.74 on Wednesday. The firm’s fifty day moving average is $434.39 and its 200 day moving average is $453.79. Linde plc has a 52 week low of $410.69 and a 52 week high of $487.49. The company has a quick ratio of 0.81, a current ratio of 0.89 and a debt-to-equity ratio of 0.39. The company has a market cap of $219.39 billion, a price-to-earnings ratio of 33.85, a PEG ratio of 2.89 and a beta of 0.94.

Linde (NASDAQ:LIN) last posted its earnings results on Thursday, February 6th. The basic materials company reported $3.97 earnings per share for the quarter, topping analysts’ consensus estimates of $3.93 by $0.04. Linde had a net margin of 19.89% and a return on equity of 18.71%. On average, equities research analysts expect that Linde plc will post 16.55 earnings per share for the current year.

Wall Street Analyst Weigh In

LIN has been the subject of several analyst reports. Citigroup dropped their target price on shares of Linde from $490.00 to $480.00 and set a “neutral” rating on the stock in a research report on Wednesday, December 18th. Deutsche Bank Aktiengesellschaft upped their price objective on Linde from $510.00 to $515.00 and gave the company a “buy” rating in a research note on Friday, November 1st. TD Cowen upgraded Linde from a “hold” rating to a “buy” rating and lifted their target price for the stock from $480.00 to $515.00 in a research note on Monday, January 13th. Erste Group Bank restated a “hold” rating on shares of Linde in a research report on Tuesday, November 19th. Finally, BMO Capital Markets lifted their price objective on shares of Linde from $477.00 to $507.00 and gave the stock an “outperform” rating in a research report on Friday, November 1st. Four research analysts have rated the stock with a hold rating and nine have assigned a buy rating to the company’s stock. According to MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $501.82.

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.