Longbow Finance SA Purchases 1,119 Shares of Linde plc (NASDAQ:LIN)

Longbow Finance SA increased its position in Linde plc (NASDAQ:LIN) by 5.0% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 23,632 shares of the basic materials company’s stock after acquiring an additional 1,119 shares during the quarter. Linde comprises about 1.1% of Longbow Finance SA’s investment portfolio, making the stock its 23rd biggest position. Longbow Finance SA’s holdings in Linde were worth $9,894,000 at the end of the most recent reporting period.

Several other institutional investors have also recently bought and sold shares of LIN. AMF Tjanstepension AB raised its holdings in Linde by 108.7% in the 3rd quarter. AMF Tjanstepension AB now owns 784,477 shares of the basic materials company’s stock worth $374,086,000 after acquiring an additional 408,659 shares during the period. Howard Capital Management Group LLC bought a new position in Linde in the 3rd quarter worth $252,000. Allworth Financial LP raised its holdings in Linde by 125.9% in the 3rd quarter. Allworth Financial LP now owns 7,008 shares of the basic materials company’s stock worth $3,342,000 after acquiring an additional 3,906 shares during the period. Arkadios Wealth Advisors raised its holdings in Linde by 5.3% in the 3rd quarter. Arkadios Wealth Advisors now owns 1,298 shares of the basic materials company’s stock worth $619,000 after acquiring an additional 65 shares during the period. Finally, PFG Investments LLC increased its holdings in shares of Linde by 3.4% during the 3rd quarter. PFG Investments LLC now owns 2,313 shares of the basic materials company’s stock worth $1,103,000 after purchasing an additional 76 shares during the period. Institutional investors own 82.80% of the company’s stock.

Insider Buying and Selling at Linde

In other news, VP Guillermo Bichara sold 4,385 shares of the company’s stock in a transaction that occurred on Wednesday, December 4th. The shares were sold at an average price of $460.73, for a total transaction of $2,020,301.05. Following the transaction, the vice president now directly owns 22,776 shares in the company, valued at approximately $10,493,586.48. This represents a 16.14 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, VP Juergen Nowicki sold 6,782 shares of the business’s stock in a transaction that occurred on Thursday, February 20th. The stock was sold at an average price of $459.62, for a total transaction of $3,117,142.84. Following the sale, the vice president now directly owns 14,765 shares of the company’s stock, valued at approximately $6,786,289.30. This trade represents a 31.48 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 16,285 shares of company stock worth $7,423,986 over the last ninety days. Corporate insiders own 0.60% of the company’s stock.

Linde Price Performance

Shares of Linde stock opened at $458.53 on Tuesday. The company has a debt-to-equity ratio of 0.39, a quick ratio of 0.76 and a current ratio of 0.89. The firm’s 50-day simple moving average is $437.49 and its 200-day simple moving average is $454.56. Linde plc has a twelve month low of $410.69 and a twelve month high of $487.49. The firm has a market cap of $218.33 billion, a P/E ratio of 33.69, a price-to-earnings-growth ratio of 3.08 and a beta of 0.94.

Linde (NASDAQ:LIN) last released its quarterly earnings results on Thursday, February 6th. The basic materials company reported $3.97 EPS 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%. As a group, research analysts expect that Linde plc will post 16.54 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

Several research analysts have recently issued reports on LIN shares. Erste Group Bank restated a “hold” rating on shares of Linde in a report on Tuesday, November 19th. Deutsche Bank Aktiengesellschaft boosted their price objective on shares of Linde from $510.00 to $515.00 and gave the stock a “buy” 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. BMO Capital Markets boosted their price objective on shares of Linde from $477.00 to $507.00 and gave the stock an “outperform” rating in a report on Friday, November 1st. Finally, Citigroup dropped their price objective on shares of Linde from $490.00 to $480.00 and set a “neutral” rating on the stock in a report on Wednesday, December 18th. Four analysts have rated the stock with a hold rating and nine have assigned a buy rating to the company. According to MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus price target 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.