Delta Financial Group Inc. Acquires 100 Shares of Linde plc (NASDAQ:LIN)

Delta Financial Group Inc. boosted its holdings in shares of Linde plc (NASDAQ:LIN) by 7.1% during the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 1,504 shares of the basic materials company’s stock after acquiring an additional 100 shares during the period. Delta Financial Group Inc.’s holdings in Linde were worth $630,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other institutional investors also recently added to or reduced their stakes in the stock. Concord Asset Management LLC VA increased its holdings in shares of Linde by 0.5% during the 4th quarter. Concord Asset Management LLC VA now owns 4,774 shares of the basic materials company’s stock valued at $1,999,000 after purchasing an additional 23 shares in the last quarter. Salomon & Ludwin LLC lifted its holdings in shares of Linde by 14.3% in the 3rd quarter. Salomon & Ludwin LLC now owns 192 shares of the basic materials company’s stock worth $92,000 after acquiring an additional 24 shares during the last quarter. Fourpath Capital Management LLC raised its holdings in shares of Linde by 0.6% in the 4th quarter. Fourpath Capital Management LLC now owns 4,138 shares of the basic materials company’s stock valued at $1,732,000 after buying an additional 24 shares during the period. Romano Brothers AND Company boosted its stake in shares of Linde by 1.3% in the fourth quarter. Romano Brothers AND Company now owns 2,009 shares of the basic materials company’s stock valued at $841,000 after purchasing an additional 25 shares during the period. Finally, MCF Advisors LLC grew its stake in shares of Linde by 17.9% in the fourth quarter. MCF Advisors LLC now owns 165 shares of the basic materials company’s stock worth $69,000 after acquiring an additional 25 shares in the last quarter. Institutional investors own 82.80% of the company’s stock.

Insider Activity

In related news, Director Paula Rosput Reynolds purchased 100 shares of the firm’s stock in a transaction dated Thursday, December 12th. The shares were acquired 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 directly owns 233 shares of the company’s stock, valued at $102,832.22. This trade represents a 75.19 % increase in their ownership of the stock. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, VP Juergen Nowicki sold 6,782 shares of the firm’s stock in a transaction that occurred on Thursday, February 20th. The shares were sold at an average price of $459.62, for a total transaction of $3,117,142.84. Following the completion of the transaction, the vice president now directly owns 14,765 shares in the company, valued at approximately $6,786,289.30. The trade was a 31.48 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 16,285 shares of company stock valued at $7,423,986. Insiders own 0.60% of the company’s stock.

Linde Price Performance

Shares of NASDAQ:LIN opened at $458.00 on Friday. Linde plc has a 12-month low of $410.69 and a 12-month high of $487.49. The company has a quick ratio of 0.76, a current ratio of 0.89 and a debt-to-equity ratio of 0.39. 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. The company’s fifty day moving average is $436.88 and its two-hundred day moving average is $454.39.

Linde (NASDAQ:LIN) last issued its quarterly earnings data 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 net margin of 19.89% and a return on equity of 18.71%. Equities analysts expect that Linde plc will post 16.54 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

Several research analysts recently commented on LIN shares. Deutsche Bank Aktiengesellschaft boosted their target price on Linde from $510.00 to $515.00 and gave the stock a “buy” rating in a research note on Friday, November 1st. TD Cowen upgraded Linde from a “hold” rating to a “buy” rating and boosted their target price for the stock from $480.00 to $515.00 in a research report on Monday, January 13th. Citigroup reduced 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. BMO Capital Markets increased their target price on Linde from $477.00 to $507.00 and gave the stock an “outperform” rating in a research report on Friday, November 1st. Finally, Erste Group Bank reaffirmed a “hold” rating on shares of Linde in a research report on Tuesday, November 19th. Four research analysts have rated the stock with a hold rating and nine have assigned a buy rating to the company. According to data from MarketBeat.com, Linde 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.