Linde plc (NASDAQ:LIN) Stock Position Lifted by Aveo Capital Partners LLC

Aveo Capital Partners LLC grew its position in shares of Linde plc (NASDAQ:LIN) by 5.2% during the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 709 shares of the basic materials company’s stock after buying an additional 35 shares during the period. Aveo Capital Partners LLC’s holdings in Linde were worth $297,000 as of its most recent SEC filing.

A number of other large investors also recently bought and sold shares of LIN. Helios Capital Management PTE. Ltd. raised its position in shares of Linde by 85.2% during the 4th quarter. Helios Capital Management PTE. Ltd. now owns 2,500 shares of the basic materials company’s stock worth $1,047,000 after purchasing an additional 1,150 shares during the period. Channel Wealth LLC raised its position in shares of Linde by 30.4% during the 4th quarter. Channel Wealth LLC now owns 7,385 shares of the basic materials company’s stock worth $3,092,000 after purchasing an additional 1,723 shares during the period. Nordea Investment Management AB raised its position in shares of Linde by 2.2% during the 4th quarter. Nordea Investment Management AB now owns 2,145,643 shares of the basic materials company’s stock worth $898,188,000 after purchasing an additional 46,843 shares during the period. M&T Bank Corp raised its position in shares of Linde by 6.7% during the 3rd quarter. M&T Bank Corp now owns 79,472 shares of the basic materials company’s stock worth $37,898,000 after purchasing an additional 5,021 shares during the period. Finally, SYM FINANCIAL Corp acquired a new stake in shares of Linde during the 4th quarter worth approximately $625,000. Institutional investors own 82.80% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of analysts have recently weighed in on the company. BMO Capital Markets increased 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. Erste Group Bank reiterated a “hold” rating on shares of Linde in a research report on Tuesday, November 19th. Deutsche Bank Aktiengesellschaft raised their target price on Linde from $510.00 to $515.00 and gave the company a “buy” rating in a research report on Friday, November 1st. TD Cowen upgraded Linde from a “hold” rating to a “buy” rating and raised their target price for the company from $480.00 to $515.00 in a research report on Monday, January 13th. Finally, Mizuho raised their target price on Linde from $520.00 to $530.00 and gave the company an “outperform” rating in a research report on Friday, November 1st. Four research analysts have rated the stock with a hold rating and nine have issued a buy rating to the company. Based on data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $501.82.

Linde Stock Down 0.9 %

Shares of LIN stock opened at $457.00 on Friday. Linde plc has a 1 year low of $410.69 and a 1 year high of $487.49. The stock has a market cap of $217.61 billion, a PE ratio of 33.58, a price-to-earnings-growth ratio of 2.89 and a beta of 0.94. The business’s fifty day moving average is $434.82 and its 200-day moving average is $453.99. The company has a debt-to-equity ratio of 0.39, a quick ratio of 0.81 and a current ratio of 0.89.

Linde (NASDAQ:LIN) last issued its quarterly earnings results on Thursday, February 6th. The basic materials company reported $3.97 earnings per share (EPS) for the quarter, beating 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%. Equities analysts expect that Linde plc will post 16.55 earnings per share for the current fiscal year.

Insider Transactions at Linde

In related news, Director Paula Rosput Reynolds acquired 100 shares of Linde stock in a transaction dated Thursday, December 12th. The stock was acquired at an average cost of $441.34 per share, with a total value of $44,134.00. Following the purchase, the director now directly owns 233 shares in the company, valued at $102,832.22. The trade was a 75.19 % increase in their position. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Also, 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 value of $2,020,301.05. Following the sale, the vice president now directly 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 disclosure for this sale can be found here. Insiders sold a total of 9,503 shares of company stock valued at $4,306,843 in the last three months. 0.60% of the stock is currently owned by corporate 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.