AlphaStar Capital Management LLC Buys 580 Shares of Linde plc (NASDAQ:LIN)

AlphaStar Capital Management LLC grew its stake in Linde plc (NASDAQ:LIN) by 13.7% in the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 4,805 shares of the basic materials company’s stock after buying an additional 580 shares during the period. AlphaStar Capital Management LLC’s holdings in Linde were worth $2,012,000 as of its most recent SEC filing.

Several other large investors also recently made changes to their positions in LIN. Helios Capital Management PTE. Ltd. boosted its holdings in Linde by 85.2% during the fourth quarter. Helios Capital Management PTE. Ltd. now owns 2,500 shares of the basic materials company’s stock valued at $1,047,000 after acquiring an additional 1,150 shares during the period. Channel Wealth LLC lifted 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 last quarter. Nordea Investment Management AB boosted its stake 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 purchasing an additional 46,843 shares during the period. M&T Bank Corp grew its holdings in Linde by 6.7% in the 3rd quarter. M&T Bank Corp now owns 79,472 shares of the basic materials company’s stock valued at $37,898,000 after buying an additional 5,021 shares during the last quarter. Finally, SYM FINANCIAL Corp bought a new position in Linde in the 4th quarter worth approximately $625,000. Institutional investors own 82.80% of the company’s stock.

Insider Buying and Selling at Linde

In other Linde news, Director Paula Rosput Reynolds bought 100 shares of the company’s stock in a transaction on Thursday, December 12th. The stock was bought at an average price of $441.34 per share, for a total transaction of $44,134.00. Following the transaction, the director now owns 233 shares of the company’s stock, valued at approximately $102,832.22. The trade was a 75.19 % increase in their position. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, VP Guillermo Bichara sold 4,385 shares of the stock in a transaction dated Wednesday, December 4th. The shares were sold at an average price of $460.73, for a total value of $2,020,301.05. Following the completion of the transaction, the vice president now directly owns 22,776 shares in the company, valued at $10,493,586.48. The trade was a 16.14 % decrease in their position. The disclosure for this sale can be found here. Corporate insiders own 0.60% of the company’s stock.

Linde Trading Down 1.2 %

Shares of LIN opened at $455.05 on Friday. The stock has a 50 day simple moving average of $434.36 and a 200-day simple moving average of $453.55. The company has a current ratio of 0.89, a quick ratio of 0.81 and a debt-to-equity ratio of 0.39. The stock has a market cap of $216.68 billion, a PE ratio of 33.43, a PEG ratio of 2.89 and a beta of 0.94. Linde plc has a 1 year low of $410.69 and a 1 year high of $487.49.

Linde (NASDAQ:LIN) last released its quarterly earnings results on Thursday, February 6th. The basic materials company reported $3.97 EPS for the quarter, beating analysts’ consensus estimates of $3.93 by $0.04. Linde had a net margin of 19.89% and a return on equity of 18.71%. On average, sell-side analysts predict that Linde plc will post 16.55 EPS for the current fiscal year.

Wall Street Analyst Weigh In

Several brokerages have recently issued reports on LIN. Mizuho raised their price objective on shares of Linde from $520.00 to $530.00 and gave the stock an “outperform” rating in a research note on Friday, November 1st. Citigroup decreased their price target on shares of Linde from $490.00 to $480.00 and set a “neutral” rating on the stock in a research report on Wednesday, December 18th. BMO Capital Markets upped their price objective on shares of Linde from $477.00 to $507.00 and gave the company 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 note on Tuesday, November 19th. Finally, TD Cowen upgraded Linde from a “hold” rating to a “buy” rating and boosted their price target for the company 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 issued a buy rating to the company. According to MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus price target of $501.82.

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.