Redmond Asset Management LLC Buys New Shares in Linde plc (NASDAQ:LIN)

Redmond Asset Management LLC acquired a new stake in Linde plc (NASDAQ:LIN) during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund acquired 516 shares of the basic materials company’s stock, valued at approximately $216,000.

Several other large investors have also made changes to their positions in LIN. Synergy Asset Management LLC purchased a new position in shares of Linde in the fourth quarter valued at about $25,000. Strategic Financial Concepts LLC purchased a new position in shares of Linde in the fourth quarter valued at about $28,000. Global Wealth Strategies & Associates lifted its position in shares of Linde by 144.8% in the fourth quarter. Global Wealth Strategies & Associates now owns 71 shares of the basic materials company’s stock valued at $30,000 after acquiring an additional 42 shares in the last quarter. Retirement Wealth Solutions LLC purchased a new position in shares of Linde in the fourth quarter valued at about $34,000. Finally, Kozak & Associates Inc. lifted its position in shares of 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 in the last quarter. 82.80% of the stock is currently owned by hedge funds and other institutional investors.

Linde Trading Down 0.8 %

Shares of NASDAQ LIN opened at $458.00 on Friday. The business’s 50 day moving average is $436.88 and its two-hundred day moving average is $454.39. The company has a debt-to-equity ratio of 0.39, a current ratio of 0.89 and a quick ratio of 0.76. Linde plc has a 1-year low of $410.69 and a 1-year high of $487.49. The stock has a market capitalization of $218.08 billion, a P/E ratio of 33.65, a PEG ratio of 3.08 and a beta of 0.94.

Linde (NASDAQ:LIN) last issued its quarterly earnings data on Thursday, February 6th. The basic materials company reported $3.97 earnings per share for the quarter, topping the consensus estimate of $3.93 by $0.04. Linde had a return on equity of 18.71% and a net margin of 19.89%. As a group, research analysts expect that Linde plc will post 16.54 EPS for the current year.

Analyst Upgrades and Downgrades

Several equities research analysts have recently issued reports on LIN shares. BMO Capital Markets lifted their target price on Linde from $477.00 to $507.00 and gave the stock an “outperform” rating in a report on Friday, November 1st. Erste Group Bank reaffirmed a “hold” rating on shares of Linde in a report on Tuesday, November 19th. Citigroup reduced their target price on Linde from $490.00 to $480.00 and set a “neutral” rating on the stock in a report on Wednesday, December 18th. Deutsche Bank Aktiengesellschaft lifted their target price on Linde from $510.00 to $515.00 and gave the stock a “buy” rating in a report on Friday, November 1st. Finally, Mizuho lifted their target price on Linde from $520.00 to $530.00 and gave the stock an “outperform” rating in a 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. Based on data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average price target of $501.82.

Insider Activity

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 stock was sold at an average price of $460.73, for a total transaction of $2,020,301.05. Following the transaction, the vice president now owns 22,776 shares of the company’s stock, valued at approximately $10,493,586.48. This represents a 16.14 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. Also, VP Juergen Nowicki sold 6,782 shares of the company’s stock in a transaction that occurred on Thursday, February 20th. The shares were sold at an average price of $459.62, for a total value of $3,117,142.84. Following the transaction, the vice president now directly owns 14,765 shares in the company, valued at approximately $6,786,289.30. This represents a 31.48 % decrease in their position. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 16,285 shares of company stock valued at $7,423,986. 0.60% of the stock is currently owned by insiders.

Linde 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.