Live Oak Private Wealth LLC Buys 44 Shares of Linde plc (NASDAQ:LIN)

Live Oak Private Wealth LLC grew its stake in Linde plc (NASDAQ:LIN) by 1.1% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 4,143 shares of the basic materials company’s stock after buying an additional 44 shares during the period. Live Oak Private Wealth LLC’s holdings in Linde were worth $1,735,000 at the end of the most recent reporting period.

A number of other institutional investors have also recently made changes to their positions in the stock. Synergy Asset Management LLC bought a new position in Linde during the fourth quarter valued at approximately $25,000. Kozak & Associates Inc. purchased a new stake in shares of Linde in the 3rd quarter valued at $34,000. Global Wealth Strategies & Associates grew its holdings in shares of Linde by 144.8% during the 4th quarter. Global Wealth Strategies & Associates now owns 71 shares of the basic materials company’s stock valued at $30,000 after purchasing an additional 42 shares during the last quarter. Retirement Wealth Solutions LLC purchased a new position in Linde in the 4th quarter worth $34,000. Finally, Capital Performance Advisors LLP bought a new stake in Linde in the third quarter worth $43,000. Institutional investors own 82.80% of the company’s stock.

Insider Buying and Selling

In other news, VP Guillermo Bichara sold 4,385 shares of the firm’s stock in a transaction 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 completion of the transaction, the vice president now directly owns 22,776 shares in the company, valued at $10,493,586.48. This trade represents a 16.14 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, VP David P. Strauss sold 2,218 shares of the company’s stock in a transaction dated Monday, December 16th. The stock was sold at an average price of $434.35, for a total transaction of $963,388.30. Following the completion of the transaction, the vice president now owns 25,926 shares in the company, valued at approximately $11,260,958.10. The trade was a 7.88 % decrease in their position. The disclosure for this sale can be found here. 0.60% of the stock is owned by company insiders.

Linde Stock Performance

Linde stock opened at $460.68 on Friday. 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 cap of $219.36 billion, a price-to-earnings ratio of 34.98, a PEG ratio of 2.77 and a beta of 0.94. The stock’s 50 day simple moving average is $434.41 and its two-hundred day simple moving average is $453.44. The company has a debt-to-equity ratio of 0.43, a quick ratio of 0.81 and a current ratio of 0.96.

Linde (NASDAQ:LIN) last issued its quarterly earnings results 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 18.16% and a net margin of 19.33%. As a group, analysts expect that Linde plc will post 15.45 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

A number of research analysts have recently issued reports on the company. Citigroup reduced their price objective on Linde from $490.00 to $480.00 and set a “neutral” rating on the stock in a research note on Wednesday, December 18th. BMO Capital Markets lifted their price target on Linde from $477.00 to $507.00 and gave the stock an “outperform” rating in a research note on Friday, November 1st. Erste Group Bank reiterated a “hold” rating on shares of Linde in a research report on Tuesday, November 19th. TD Cowen upgraded shares of Linde from a “hold” rating to a “buy” rating and raised their target price for the stock from $480.00 to $515.00 in a report on Monday, January 13th. Finally, Deutsche Bank Aktiengesellschaft upped their price target 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 assigned a buy rating to the stock. According to data from MarketBeat, Linde 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.