Strategic Blueprint LLC Has $1.05 Million Holdings in Linde plc (NASDAQ:LIN)

Strategic Blueprint LLC increased its holdings in shares of Linde plc (NASDAQ:LIN) by 5.7% in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 2,507 shares of the basic materials company’s stock after purchasing an additional 136 shares during the quarter. Strategic Blueprint LLC’s holdings in Linde were worth $1,050,000 as of its most recent SEC filing.

A number of other hedge funds have also added to or reduced their stakes in LIN. McKinley Carter Wealth Services Inc. increased its position in shares of Linde by 1.0% during the 4th quarter. McKinley Carter Wealth Services Inc. now owns 17,759 shares of the basic materials company’s stock worth $7,435,000 after purchasing an additional 177 shares during the last quarter. Robeco Institutional Asset Management B.V. increased its holdings in Linde by 3.5% during the fourth quarter. Robeco Institutional Asset Management B.V. now owns 562,802 shares of the basic materials company’s stock worth $235,628,000 after buying an additional 18,945 shares during the last quarter. Asset Dedication LLC raised its position in Linde by 3.5% during the fourth quarter. Asset Dedication LLC now owns 2,659 shares of the basic materials company’s stock worth $1,113,000 after acquiring an additional 91 shares in the last quarter. R Squared Ltd acquired a new stake in Linde in the fourth quarter valued at $2,378,000. Finally, Mayflower Financial Advisors LLC grew its position in shares of Linde by 2.3% in the 4th quarter. Mayflower Financial Advisors LLC now owns 2,299 shares of the basic materials company’s stock valued at $963,000 after acquiring an additional 52 shares during the period. Institutional investors own 82.80% of the company’s stock.

Insiders Place Their Bets

In other Linde news, Director Paula Rosput Reynolds acquired 100 shares of Linde stock in a transaction that occurred on 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 represents a 75.19 % increase in their position. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, VP David P. Strauss sold 2,218 shares of the firm’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 transaction of $963,388.30. Following the completion of the sale, the vice president now owns 25,926 shares in the company, valued at approximately $11,260,958.10. The trade was 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 Stock Up 1.8 %

NASDAQ LIN opened at $446.38 on Friday. The company has a current ratio of 0.96, a quick ratio of 0.81 and a debt-to-equity ratio of 0.43. The company has a market cap of $212.55 billion, a price-to-earnings ratio of 33.89, a PEG ratio of 2.74 and a beta of 0.94. The company has a 50 day moving average of $434.86 and a 200-day moving average of $453.22. Linde plc has a 1-year low of $396.07 and a 1-year high of $487.49.

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, beating analysts’ consensus estimates of $3.89 by $0.05. The firm 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%. The company’s revenue was up 1.9% compared to the same quarter last year. During the same period in the prior year, the company posted $3.63 EPS. On average, equities research analysts expect that Linde plc will post 15.45 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

Several equities research analysts recently issued reports on LIN shares. Deutsche Bank Aktiengesellschaft raised their target price on shares of Linde from $510.00 to $515.00 and gave the company a “buy” rating in a research note on Friday, November 1st. Citigroup decreased their target price 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 reaffirmed a “hold” rating on shares of Linde in a report on Tuesday, November 19th. Mizuho upped their price objective on shares of Linde from $520.00 to $530.00 and gave the company an “outperform” rating in a report on Friday, November 1st. Finally, BMO Capital Markets raised their target price on shares of Linde from $477.00 to $507.00 and gave the stock an “outperform” rating in a research note on Friday, November 1st. Four equities research analysts have rated the stock with a hold rating and nine have issued a buy rating to the company’s stock. Based on data from MarketBeat.com, Linde presently has a consensus 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.