Linde plc (NASDAQ:LIN) Shares Purchased by BKM Wealth Management LLC

BKM Wealth Management LLC boosted its holdings in Linde plc (NASDAQ:LIN) by 3.7% during the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 5,012 shares of the basic materials company’s stock after buying an additional 181 shares during the period. BKM Wealth Management LLC’s holdings in Linde were worth $2,098,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in the business. Synergy Asset Management LLC purchased a new position in Linde during the fourth quarter worth approximately $25,000. Strategic Financial Concepts LLC acquired a new stake in shares of Linde during the 4th quarter worth $28,000. Global Wealth Strategies & Associates raised its position in shares of Linde by 144.8% in the 4th quarter. Global Wealth Strategies & Associates now owns 71 shares of the basic materials company’s stock worth $30,000 after buying an additional 42 shares during the period. Retirement Wealth Solutions LLC acquired a new position in Linde in the fourth quarter valued at $34,000. Finally, Kozak & Associates Inc. grew its position in Linde by 38.6% during the fourth quarter. Kozak & Associates Inc. now owns 97 shares of the basic materials company’s stock valued at $40,000 after acquiring an additional 27 shares during the period. Hedge funds and other institutional investors own 82.80% of the company’s stock.

Analyst Ratings Changes

LIN has been the topic of a number of research reports. 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. Erste Group Bank restated a “hold” rating on shares of Linde in a report on Tuesday, November 19th. TD Cowen upgraded shares of Linde from a “hold” rating to a “buy” rating and boosted their price objective for the stock from $480.00 to $515.00 in a research note on Monday, January 13th. BMO Capital Markets raised their target price on shares of Linde from $477.00 to $507.00 and gave the company an “outperform” rating in a research note on Friday, November 1st. Finally, Deutsche Bank Aktiengesellschaft lifted their target price on shares of Linde from $510.00 to $515.00 and gave the company a “buy” rating in a report on Friday, November 1st. Four analysts have rated the stock with a hold rating and nine have given a buy rating to the stock. According to MarketBeat, Linde presently has an average rating of “Moderate Buy” and an average target price of $501.82.

Insider Activity

In other Linde news, VP Guillermo Bichara sold 4,385 shares of Linde stock in a transaction on 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 owns 22,776 shares of the company’s stock, valued at $10,493,586.48. The trade was a 16.14 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available through this link. Also, Director Robert L. Wood sold 2,900 shares of the 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 sale, the director now directly owns 14,013 shares in the company, valued at $6,393,571.38. This trade represents a 17.15 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 9,503 shares of company stock worth $4,306,843. 0.60% of the stock is currently owned by corporate insiders.

Linde Price Performance

LIN stock opened at $457.00 on Tuesday. The stock’s 50 day moving average is $434.82 and its two-hundred day moving average is $454.01. Linde plc has a 52-week low of $410.69 and a 52-week high of $487.49. The company has a market capitalization of $217.61 billion, a PE ratio of 33.58, a P/E/G ratio of 2.89 and a beta of 0.94. The company has a quick ratio of 0.81, a current ratio of 0.89 and a debt-to-equity ratio of 0.39.

Linde (NASDAQ:LIN) last released its quarterly earnings results on Thursday, February 6th. The basic materials company reported $3.97 earnings per share for the quarter, topping 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%. 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.