Revolve Wealth Partners LLC Buys 96 Shares of Linde plc (NASDAQ:LIN)

Revolve Wealth Partners LLC grew its stake in shares of Linde plc (NASDAQ:LIN) by 14.1% during the fourth quarter, according to the company in its most recent disclosure with the SEC. The fund owned 777 shares of the basic materials company’s stock after buying an additional 96 shares during the quarter. Revolve Wealth Partners LLC’s holdings in Linde were worth $325,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. Trifecta Capital Advisors LLC lifted its holdings in shares of Linde by 16.9% in the 3rd quarter. Trifecta Capital Advisors LLC now owns 145 shares of the basic materials company’s stock worth $69,000 after purchasing an additional 21 shares in the last quarter. Prentice Wealth Management LLC lifted its stake in shares of Linde by 1.7% in the third quarter. Prentice Wealth Management LLC now owns 1,367 shares of the basic materials company’s stock valued at $652,000 after buying an additional 23 shares in the last quarter. Quotient Wealth Partners LLC grew its holdings in shares of Linde by 0.9% during the third quarter. Quotient Wealth Partners LLC now owns 2,706 shares of the basic materials company’s stock valued at $1,290,000 after buying an additional 23 shares during the last quarter. Regent Peak Wealth Advisors LLC increased its position in shares of Linde by 1.3% during the third quarter. Regent Peak Wealth Advisors LLC now owns 1,831 shares of the basic materials company’s stock worth $873,000 after acquiring an additional 23 shares in the last quarter. Finally, CVA Family Office LLC raised its holdings in shares of Linde by 2.9% in the 3rd quarter. CVA Family Office LLC now owns 851 shares of the basic materials company’s stock worth $406,000 after acquiring an additional 24 shares during the last quarter. Institutional investors own 82.80% of the company’s stock.

Insider Buying and Selling

In other news, VP David P. Strauss sold 2,218 shares of the firm’s stock in a transaction on Monday, December 16th. The stock was sold at an average price of $434.35, for a total value of $963,388.30. Following the completion of the transaction, the vice president now directly owns 25,926 shares of the company’s stock, valued at $11,260,958.10. This trade represents a 7.88 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, Director Paula Rosput Reynolds acquired 100 shares of the firm’s stock in a transaction that occurred on Thursday, December 12th. The shares were bought at an average price of $441.34 per share, for a total transaction of $44,134.00. Following the completion of the purchase, the director now owns 233 shares in the company, valued at $102,832.22. This trade represents a 75.19 % increase in their position. The disclosure for this purchase can be found here. 0.60% of the stock is currently owned by insiders.

Wall Street Analyst Weigh In

A number of research firms have issued reports on LIN. Citigroup cut their price target on Linde from $490.00 to $480.00 and set a “neutral” rating for the company in a research note on Wednesday, December 18th. BMO Capital Markets lifted their target price on Linde from $477.00 to $507.00 and gave the company an “outperform” rating in a research report on Friday, November 1st. Erste Group Bank reissued a “hold” rating on shares of Linde in a research report on Tuesday, November 19th. Mizuho lifted 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, Deutsche Bank Aktiengesellschaft increased their target price on shares of Linde from $510.00 to $515.00 and gave the company a “buy” rating in a report on Friday, November 1st. Four investment analysts have rated the stock with a hold rating and nine have given a buy rating to the company’s stock. According to MarketBeat.com, Linde has an average rating of “Moderate Buy” and a consensus target price of $501.82.

Linde Stock Up 0.1 %

LIN opened at $439.49 on Tuesday. Linde plc has a twelve month low of $396.07 and a twelve month high of $487.49. The company’s 50-day moving average price is $435.45 and its two-hundred day moving average price is $453.33. The stock has a market cap of $209.27 billion, a price-to-earnings ratio of 33.37, a PEG ratio of 2.74 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 (NASDAQ:LIN) last posted its quarterly earnings data on Thursday, October 31st. The basic materials company reported $3.94 EPS for the quarter, beating the consensus estimate of $3.89 by $0.05. Linde had a return on equity of 18.16% and a net margin of 19.33%. The business had revenue of $8.36 billion for the quarter, compared to the consensus estimate of $8.39 billion. During the same quarter in the prior year, the business earned $3.63 earnings per share. Linde’s revenue for the quarter was up 1.9% on a year-over-year basis. As a group, equities analysts expect that Linde plc will post 15.45 earnings per share for the current 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.