VanderPol Investments L.L.C. Buys 28 Shares of Linde plc (NASDAQ:LIN)

VanderPol Investments L.L.C. increased its position in Linde plc (NASDAQ:LIN) by 5.2% in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 562 shares of the basic materials company’s stock after buying an additional 28 shares during the quarter. VanderPol Investments L.L.C.’s holdings in Linde were worth $235,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors and hedge funds also recently made changes to their positions in the company. 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 purchasing an additional 2,592,682 shares during the period. International Assets Investment Management LLC lifted its holdings in shares of Linde by 47,830.2% in the 3rd quarter. International Assets Investment Management LLC now owns 936,076 shares of the basic materials company’s stock worth $446,377,000 after purchasing an additional 934,123 shares in the last quarter. Assenagon Asset Management S.A. lifted its holdings in shares of Linde by 2,293.0% in 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 purchasing an additional 749,763 shares in the last quarter. AMF Tjanstepension AB lifted its holdings in shares of Linde by 108.7% in the 3rd quarter. AMF Tjanstepension AB now owns 784,477 shares of the basic materials company’s stock worth $374,086,000 after purchasing an additional 408,659 shares in the last quarter. Finally, KBC Group NV lifted its holdings in shares of Linde by 131.6% in the 3rd 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 in the last quarter. Institutional investors and hedge funds own 82.80% of the company’s stock.

Analysts Set New Price Targets

Several equities analysts have weighed in on LIN shares. Deutsche Bank Aktiengesellschaft raised their price objective on Linde from $510.00 to $515.00 and gave the company a “buy” rating in a research note on Friday, November 1st. Citigroup lowered their target price on Linde from $490.00 to $480.00 and set a “neutral” rating on the stock in a research note on Wednesday, December 18th. Mizuho lifted their target price on Linde from $520.00 to $530.00 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 note on Tuesday, November 19th. Finally, TD Cowen upgraded Linde from a “hold” rating to a “buy” rating and lifted their target price for the stock from $480.00 to $515.00 in a research note on Monday, January 13th. Four analysts have rated the stock with a hold rating and nine have given a buy rating to the stock. According to data from MarketBeat, the company has an average rating of “Moderate Buy” and a consensus target price of $501.82.

Insider Buying and Selling at Linde

In other Linde news, Director Paula Rosput Reynolds bought 100 shares of Linde stock in a transaction dated Thursday, December 12th. The shares were purchased at an average cost of $441.34 per share, with a total value of $44,134.00. Following the completion of the purchase, the director now 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 transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Also, VP David P. Strauss sold 2,218 shares of the business’s stock in a transaction that occurred on Monday, December 16th. The shares were sold at an average price of $434.35, for a total value of $963,388.30. Following the transaction, the vice president now directly owns 25,926 shares in the company, valued at $11,260,958.10. This trade represents a 7.88 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Corporate insiders own 0.60% of the company’s stock.

Linde Price Performance

NASDAQ:LIN traded up $1.12 during mid-day trading on Wednesday, reaching $436.63. The stock had a trading volume of 251,511 shares, compared to its average volume of 2,196,183. The firm has a 50 day moving average price of $435.10 and a two-hundred day moving average price of $453.33. The stock has a market capitalization of $207.91 billion, a P/E ratio of 33.18, a P/E/G ratio of 2.74 and a beta of 0.94. Linde plc has a one year low of $396.07 and a one year high of $487.49. 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 released its earnings results on Thursday, October 31st. The basic materials company reported $3.94 earnings per share for the quarter, topping analysts’ consensus estimates of $3.89 by $0.05. The company had revenue of $8.36 billion during the quarter, compared to the consensus estimate of $8.39 billion. Linde had a return on equity of 18.16% and a net margin of 19.33%. Linde’s quarterly revenue was up 1.9% compared to the same quarter last year. During the same quarter in the previous year, the company posted $3.63 EPS. As a group, analysts expect that Linde plc will post 15.45 earnings per share for the current year.

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.