Redmond Asset Management LLC Takes $216,000 Position in Linde plc (NASDAQ:LIN)

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

A number of other institutional investors and hedge funds also recently made changes to their positions in the company. Geode Capital Management LLC increased its position in Linde by 1.4% during the 3rd quarter. Geode Capital Management LLC now owns 10,973,175 shares of the basic materials company’s stock valued at $5,217,197,000 after buying an additional 154,792 shares in the last quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC increased its position in 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 valued at $1,567,958,000 after buying an additional 2,592,682 shares in the last quarter. Charles Schwab Investment Management Inc. increased its position in Linde by 1.7% during the 3rd quarter. Charles Schwab Investment Management Inc. now owns 3,015,882 shares of the basic materials company’s stock valued at $1,438,154,000 after buying an additional 50,882 shares in the last quarter. Impax Asset Management Group plc increased its position in Linde by 2.4% during the 3rd quarter. Impax Asset Management Group plc now owns 2,374,339 shares of the basic materials company’s stock valued at $1,130,986,000 after buying an additional 56,775 shares in the last quarter. Finally, Nordea Investment Management AB increased its position in 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 valued at $898,188,000 after buying an additional 46,843 shares in the last quarter. Hedge funds and other institutional investors own 82.80% of the company’s stock.

Wall Street Analysts Forecast Growth

LIN has been the subject of a number of analyst reports. Citigroup reduced their price objective on Linde from $490.00 to $480.00 and set a “neutral” rating for the company in a research report on Wednesday, December 18th. Mizuho raised their price objective on Linde from $520.00 to $530.00 and gave the company an “outperform” rating in a research report on Friday, November 1st. 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. Erste Group Bank reissued a “hold” rating on shares of Linde in a report on Tuesday, November 19th. Finally, 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. Four equities research analysts have rated the stock with a hold rating and nine have given a buy rating to the company’s stock. Based on data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average target price of $501.82.

Linde Stock Performance

LIN stock opened at $458.00 on Friday. The company has a market cap of $218.08 billion, a P/E ratio of 33.65, a price-to-earnings-growth ratio of 3.08 and a beta of 0.94. Linde plc has a 1 year low of $410.69 and a 1 year high of $487.49. The company has a debt-to-equity ratio of 0.39, a current ratio of 0.89 and a quick ratio of 0.76. The stock’s fifty day moving average price is $436.88 and its 200-day moving average price is $454.39.

Linde (NASDAQ:LIN) last released its quarterly earnings results on Thursday, February 6th. The basic materials company reported $3.97 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $3.93 by $0.04. Linde had a return on equity of 18.71% and a net margin of 19.89%. On average, equities analysts forecast that Linde plc will post 16.54 earnings per share for the current year.

Insider Transactions at Linde

In related news, Director Robert L. Wood sold 2,900 shares of Linde stock in a transaction on Monday, February 10th. The stock was sold at an average price of $456.26, for a total transaction of $1,323,154.00. Following the transaction, the director now directly owns 14,013 shares in the company, valued at approximately $6,393,571.38. The trade was a 17.15 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, VP Juergen Nowicki sold 6,782 shares of Linde stock in a transaction 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 owns 14,765 shares in the company, valued at $6,786,289.30. This trade represents a 31.48 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 16,285 shares of company stock worth $7,423,986 in the last ninety days. Insiders own 0.60% of the company’s stock.

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.