Leo Wealth LLC Buys 29 Shares of Linde plc (NASDAQ:LIN)

Leo Wealth LLC increased its stake in shares of Linde plc (NASDAQ:LIN) by 3.3% during the fourth quarter, according to its most recent filing with the SEC. The institutional investor owned 915 shares of the basic materials company’s stock after purchasing an additional 29 shares during the period. Leo Wealth LLC’s holdings in Linde were worth $383,000 as of its most recent SEC filing.

Several other large investors have also added to or reduced their stakes in the stock. Helios Capital Management PTE. Ltd. raised its position in shares of Linde by 85.2% in the fourth quarter. Helios Capital Management PTE. Ltd. now owns 2,500 shares of the basic materials company’s stock worth $1,047,000 after buying an additional 1,150 shares in the last quarter. Channel Wealth LLC raised its holdings in shares of Linde by 30.4% in the 4th quarter. Channel Wealth LLC now owns 7,385 shares of the basic materials company’s stock valued at $3,092,000 after acquiring an additional 1,723 shares in the last quarter. Nordea Investment Management AB raised its holdings in shares of Linde by 2.2% in 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 acquiring an additional 46,843 shares in the last quarter. M&T Bank Corp boosted its position in shares of Linde by 6.7% during 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 acquiring an additional 5,021 shares during the last quarter. Finally, SYM FINANCIAL Corp purchased a new position in shares of Linde during the fourth quarter worth about $625,000. Institutional investors own 82.80% of the company’s stock.

Insider Activity at Linde

In other Linde news, VP Guillermo Bichara sold 4,385 shares of the business’s stock in a transaction on Wednesday, December 4th. The shares were sold at an average price of $460.73, for a total transaction of $2,020,301.05. Following the transaction, the vice president now directly owns 22,776 shares of the company’s stock, valued at approximately $10,493,586.48. The trade was a 16.14 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, VP David P. Strauss sold 2,218 shares of the firm’s stock in a transaction dated Monday, December 16th. The stock was 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 directly owns 25,926 shares of the company’s stock, valued at approximately $11,260,958.10. This represents a 7.88 % decrease in their ownership of the stock. The disclosure for this sale can be found here. 0.60% of the stock is owned by company insiders.

Analyst Upgrades and Downgrades

LIN has been the subject of several research analyst reports. BMO Capital Markets lifted their target price 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. Mizuho lifted their price objective on shares of Linde from $520.00 to $530.00 and gave the stock an “outperform” rating in a report on Friday, November 1st. TD Cowen raised Linde from a “hold” rating to a “buy” rating and increased their target price for the company from $480.00 to $515.00 in a research note on Monday, January 13th. Citigroup dropped their price target on Linde from $490.00 to $480.00 and set a “neutral” rating for the company in a research note on Wednesday, December 18th. Finally, Deutsche Bank Aktiengesellschaft increased their price objective on Linde from $510.00 to $515.00 and gave the company a “buy” rating in a research 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. Based on data from MarketBeat, Linde currently has a consensus rating of “Moderate Buy” and a consensus target price of $501.82.

Linde Stock Down 1.2 %

Shares of Linde stock opened at $455.05 on Friday. The company’s 50 day moving average price is $434.48 and its 200-day moving average price is $453.49. Linde plc has a 52-week low of $410.69 and a 52-week 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. The stock has a market capitalization of $216.68 billion, a price-to-earnings ratio of 34.55, a P/E/G ratio of 2.77 and a beta of 0.94.

Linde (NASDAQ:LIN) last released its quarterly earnings data on Thursday, February 6th. The basic materials company reported $3.97 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $3.93 by $0.04. Linde had a net margin of 19.33% and a return on equity of 18.16%. Equities research analysts forecast that Linde plc will post 15.45 EPS for the current year.

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.