Boston Financial Mangement LLC Has $4.19 Million Holdings in Linde plc (NASDAQ:LIN)

Boston Financial Mangement LLC grew its stake in Linde plc (NASDAQ:LIN) by 5.3% in the fourth quarter, HoldingsChannel reports. The fund owned 10,010 shares of the basic materials company’s stock after acquiring an additional 503 shares during the period. Boston Financial Mangement LLC’s holdings in Linde were worth $4,191,000 at the end of the most recent reporting period.

A number of other large investors also recently modified their holdings of the stock. Synergy Asset Management LLC bought a new position in Linde in the 4th quarter worth approximately $25,000. Strategic Financial Concepts LLC bought a new stake in shares of Linde during the fourth quarter worth $28,000. Global Wealth Strategies & Associates raised its position in shares of Linde by 144.8% during the fourth quarter. Global Wealth Strategies & Associates now owns 71 shares of the basic materials company’s stock worth $30,000 after acquiring an additional 42 shares during the last quarter. Retirement Wealth Solutions LLC acquired a new position in shares of Linde during the fourth quarter valued at $34,000. Finally, Kozak & Associates Inc. boosted its holdings in Linde by 38.6% in the fourth quarter. Kozak & Associates Inc. now owns 97 shares of the basic materials company’s stock valued at $40,000 after acquiring an additional 27 shares during the last quarter. 82.80% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

Several research analysts have recently issued reports on the stock. Erste Group Bank reaffirmed a “hold” rating on shares of Linde in a research note on Tuesday, November 19th. TD Cowen raised shares of 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 report on Monday, January 13th. Citigroup dropped their target price on shares of Linde from $490.00 to $480.00 and set a “neutral” rating for the company in a research report on Wednesday, December 18th. BMO Capital Markets raised their price target on Linde from $477.00 to $507.00 and gave the stock an “outperform” rating in a research report on Friday, November 1st. Finally, Mizuho upped their price objective on Linde from $520.00 to $530.00 and gave the company an “outperform” rating in a report on Friday, November 1st. Four 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.

Insider Activity at Linde

In related news, VP Guillermo Bichara sold 4,385 shares of Linde stock in a transaction that occurred 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 filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, VP David P. Strauss sold 2,218 shares of the business’s stock in a transaction that occurred on Monday, December 16th. The shares were sold at an average price of $434.35, for a total value of $963,388.30. Following the completion of the sale, the vice president now owns 25,926 shares in the company, valued at $11,260,958.10. The trade was a 7.88 % decrease in their position. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 9,503 shares of company stock valued at $4,306,843. 0.60% of the stock is owned by corporate insiders.

Linde Trading Down 0.8 %

NASDAQ:LIN opened at $462.07 on Thursday. The company has a debt-to-equity ratio of 0.39, a current ratio of 0.89 and a quick ratio of 0.76. The business’s 50-day simple moving average is $435.96 and its 200-day simple moving average is $454.18. Linde plc has a fifty-two week low of $410.69 and a fifty-two week high of $487.49. The stock has a market capitalization of $220.02 billion, a PE ratio of 33.95, a price-to-earnings-growth ratio of 3.11 and a beta of 0.94.

Linde (NASDAQ:LIN) last announced its quarterly earnings results on Thursday, February 6th. The basic materials company reported $3.97 earnings per share for the quarter, beating 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%. Sell-side analysts expect that Linde plc will post 16.54 earnings per share for the current fiscal year.

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.