Foundations Investment Advisors LLC Acquires 29 Shares of Linde plc (NASDAQ:LIN)

Foundations Investment Advisors LLC raised its stake in shares of Linde plc (NASDAQ:LIN) by 0.6% in the 4th quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 4,509 shares of the basic materials company’s stock after purchasing an additional 29 shares during the period. Foundations Investment Advisors LLC’s holdings in Linde were worth $1,888,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also recently bought and sold shares of the stock. Heirloom Wealth Management lifted its position in shares of Linde by 6.9% in the 4th quarter. Heirloom Wealth Management now owns 28,168 shares of the basic materials company’s stock worth $11,793,000 after purchasing an additional 1,828 shares during the period. Heartland Bank & Trust Co lifted its holdings in Linde by 9.3% in the fourth quarter. Heartland Bank & Trust Co now owns 801 shares of the basic materials company’s stock valued at $335,000 after buying an additional 68 shares during the period. James Hambro & Partners LLP boosted its position in Linde by 2.6% during the fourth quarter. James Hambro & Partners LLP now owns 294,009 shares of the basic materials company’s stock valued at $123,081,000 after acquiring an additional 7,463 shares during the last quarter. Mount Yale Investment Advisors LLC grew its holdings in Linde by 9.7% during the 4th quarter. Mount Yale Investment Advisors LLC now owns 4,984 shares of the basic materials company’s stock worth $2,086,000 after acquiring an additional 440 shares during the period. Finally, Webster Bank N. A. raised its position in shares of Linde by 3.3% in the 4th quarter. Webster Bank N. A. now owns 1,071 shares of the basic materials company’s stock worth $448,000 after acquiring an additional 34 shares in the last quarter. 82.80% of the stock is owned by institutional investors and hedge funds.

Insider Activity at Linde

In other news, Director Paula Rosput Reynolds acquired 100 shares of Linde stock in a transaction on 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 transaction, the director now owns 233 shares of the company’s stock, valued at approximately $102,832.22. This trade represents a 75.19 % increase in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, VP Guillermo Bichara sold 4,385 shares of Linde 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 directly owns 22,776 shares in the company, valued at approximately $10,493,586.48. This represents a 16.14 % decrease in their position. The disclosure for this sale can be found here. 0.60% of the stock is currently owned by insiders.

Wall Street Analysts Forecast Growth

Several brokerages recently commented on LIN. TD Cowen upgraded Linde from a “hold” rating to a “buy” rating and upped their target price for the company from $480.00 to $515.00 in a research report on Monday, January 13th. Mizuho increased their price target on Linde from $520.00 to $530.00 and gave the stock an “outperform” rating in a report on Friday, November 1st. Citigroup lowered their price objective on shares of Linde from $490.00 to $480.00 and set a “neutral” rating for the company in a research note on Wednesday, December 18th. Deutsche Bank Aktiengesellschaft increased their target price on shares of Linde from $510.00 to $515.00 and gave the stock a “buy” rating in a research note on Friday, November 1st. Finally, Erste Group Bank reaffirmed a “hold” rating on shares of Linde in a research note on Tuesday, November 19th. Four investment analysts have rated the stock with a hold rating and nine have assigned a buy rating to the company’s stock. According to MarketBeat, the company presently has an average rating of “Moderate Buy” and an average target price of $501.82.

Linde Trading Down 0.9 %

NASDAQ:LIN opened at $435.51 on Wednesday. The company has a debt-to-equity ratio of 0.43, a current ratio of 0.96 and a quick ratio of 0.81. Linde plc has a one year low of $396.07 and a one year high of $487.49. The company has a market cap of $207.37 billion, a PE ratio of 33.07, a PEG ratio of 2.74 and a beta of 0.94. The firm has a 50-day moving average of $435.27 and a 200-day moving average of $453.36.

Linde (NASDAQ:LIN) last issued its quarterly earnings data on Thursday, October 31st. The basic materials company reported $3.94 EPS for the quarter, topping analysts’ consensus estimates of $3.89 by $0.05. Linde had a return on equity of 18.16% and a net margin of 19.33%. The firm had revenue of $8.36 billion during the quarter, compared to analyst estimates of $8.39 billion. During the same period in the previous year, the company posted $3.63 EPS. The company’s revenue for the quarter was up 1.9% on a year-over-year basis. As a group, equities research analysts expect that Linde plc will post 15.45 EPS for the current fiscal year.

About Linde

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.