CIBC Asset Management Inc Increases Stock Holdings in Linde plc (NASDAQ:LIN)

CIBC Asset Management Inc raised its holdings in shares of Linde plc (NASDAQ:LIN) by 1.3% in the 4th quarter, HoldingsChannel.com reports. The fund owned 271,042 shares of the basic materials company’s stock after purchasing an additional 3,572 shares during the period. CIBC Asset Management Inc’s holdings in Linde were worth $113,366,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC lifted its stake in shares of Linde by 372.8% during the 3rd quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 3,288,088 shares of the basic materials company’s stock worth $1,567,958,000 after purchasing an additional 2,592,682 shares during the period. International Assets Investment Management LLC increased its stake in shares of Linde by 47,830.2% during the 3rd quarter. International Assets Investment Management LLC now owns 936,076 shares of the basic materials company’s stock valued at $446,377,000 after acquiring an additional 934,123 shares during the last quarter. Assenagon Asset Management S.A. lifted its holdings in shares of Linde by 2,293.0% during the 4th quarter. Assenagon Asset Management S.A. now owns 782,461 shares of the basic materials company’s stock worth $327,593,000 after acquiring an additional 749,763 shares during the period. AMF Tjanstepension AB boosted its position in shares of Linde by 108.7% in the third 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 last quarter. Finally, KBC Group NV increased its position in Linde by 131.6% during the third quarter. KBC Group NV now owns 621,444 shares of the basic materials company’s stock worth $296,342,000 after purchasing an additional 353,136 shares during the last quarter. Institutional investors and hedge funds own 82.80% of the company’s stock.

Insider Activity at Linde

In other Linde news, VP Guillermo Bichara sold 4,385 shares of the business’s stock in a transaction dated 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 sale, the vice president now directly owns 22,776 shares in the company, valued at approximately $10,493,586.48. The trade was a 16.14 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, Director Paula Rosput Reynolds acquired 100 shares of the firm’s stock in a transaction dated Thursday, December 12th. The stock was bought at an average price of $441.34 per share, with a total value of $44,134.00. Following the completion of the acquisition, the director now directly owns 233 shares of the company’s stock, valued at approximately $102,832.22. This represents a 75.19 % increase in their ownership of the stock. The disclosure for this purchase can be found here. Insiders sold a total of 9,503 shares of company stock valued at $4,306,843 in the last quarter. Insiders own 0.60% of the company’s stock.

Analyst Ratings Changes

LIN has been the subject of several research reports. Mizuho boosted their price objective on shares of Linde from $520.00 to $530.00 and gave the company an “outperform” rating in a research note on Friday, November 1st. Citigroup cut their price objective on Linde from $490.00 to $480.00 and set a “neutral” rating on the stock in a report on Wednesday, December 18th. TD Cowen upgraded Linde from a “hold” rating to a “buy” rating and boosted their target price for the stock from $480.00 to $515.00 in a report on Monday, January 13th. Erste Group Bank restated a “hold” rating on shares of Linde in a report on Tuesday, November 19th. Finally, 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 research note on Friday, November 1st. Four research analysts have rated the stock with a hold rating and nine have given a buy rating to the stock. Based on data from MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus price target of $501.82.

Linde Trading Down 0.9 %

NASDAQ:LIN opened at $457.00 on Monday. The stock has a market cap of $217.61 billion, a price-to-earnings ratio of 33.58, a price-to-earnings-growth ratio of 2.89 and a beta of 0.94. Linde plc has a one year low of $410.69 and a one year high of $487.49. The company has a debt-to-equity ratio of 0.39, a quick ratio of 0.81 and a current ratio of 0.89. The business’s 50-day simple moving average is $434.82 and its 200 day simple moving average is $454.01.

Linde (NASDAQ:LIN) last released its earnings results on Thursday, February 6th. The basic materials company reported $3.97 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%. As a group, sell-side analysts predict that Linde plc will post 16.55 earnings per share for the current fiscal year.

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.