Linde plc (NASDAQ:LIN) Holdings Boosted by Avidian Wealth Enterprises LLC

Avidian Wealth Enterprises LLC boosted its holdings in Linde plc (NASDAQ:LIN) by 262.7% during the fourth quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 3,232 shares of the basic materials company’s stock after acquiring an additional 2,341 shares during the period. Avidian Wealth Enterprises LLC’s holdings in Linde were worth $1,353,000 at the end of the most recent quarter.

A number of other large investors have also recently bought and sold shares of LIN. AMF Tjanstepension AB raised its holdings in shares of Linde by 108.7% during the third quarter. AMF Tjanstepension AB now owns 784,477 shares of the basic materials company’s stock valued at $374,086,000 after buying an additional 408,659 shares during the last quarter. CX Institutional raised its holdings in shares of Linde by 1.7% during the third quarter. CX Institutional now owns 2,440 shares of the basic materials company’s stock valued at $1,164,000 after buying an additional 41 shares during the last quarter. Creative Planning raised its holdings in shares of Linde by 16.8% during the third quarter. Creative Planning now owns 60,292 shares of the basic materials company’s stock valued at $28,751,000 after buying an additional 8,659 shares during the last quarter. Petredis Investment Advisors LLC raised its holdings in Linde by 0.5% during the third quarter. Petredis Investment Advisors LLC now owns 6,737 shares of the basic materials company’s stock worth $3,213,000 after purchasing an additional 31 shares in the last quarter. Finally, EdgeRock Capital LLC raised its holdings in Linde by 5.2% during the third quarter. EdgeRock Capital LLC now owns 528 shares of the basic materials company’s stock worth $252,000 after purchasing an additional 26 shares in the last quarter. Institutional investors own 82.80% of the company’s stock.

Analyst Ratings Changes

Several equities research analysts recently commented on LIN shares. BMO Capital Markets boosted their target price on Linde from $477.00 to $507.00 and gave the stock an “outperform” rating in a report on Friday, November 1st. Mizuho boosted their target price on Linde from $520.00 to $530.00 and gave the stock an “outperform” rating in a report on Friday, November 1st. Deutsche Bank Aktiengesellschaft boosted their target price on Linde from $510.00 to $515.00 and gave the stock a “buy” rating in a report on Friday, November 1st. Erste Group Bank reissued a “hold” rating on shares of Linde in a report on Tuesday, November 19th. Finally, Citigroup dropped 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. Four equities research 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 presently has an average rating of “Moderate Buy” and a consensus target price of $501.82.

Insiders Place Their Bets

In related news, Director Paula Rosput Reynolds bought 100 shares of the firm’s stock in a transaction on Thursday, December 12th. The stock was bought at an average price of $441.34 per share, with a total value of $44,134.00. Following the purchase, the director now directly owns 233 shares of the company’s stock, valued at approximately $102,832.22. This represents a 75.19 % increase in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Also, 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 transaction of $2,020,301.05. Following the sale, the vice president now directly owns 22,776 shares of the company’s stock, valued at $10,493,586.48. This trade represents a 16.14 % decrease in their position. The disclosure for this sale can be found here. In the last three months, insiders have sold 9,503 shares of company stock worth $4,306,843. Corporate insiders own 0.60% of the company’s stock.

Linde Trading Down 0.5 %

Linde stock opened at $458.56 on Thursday. Linde plc has a 1 year low of $410.69 and a 1 year high of $487.49. The company has a debt-to-equity ratio of 0.39, a quick ratio of 0.81 and a current ratio of 0.89. The firm has a market cap of $218.35 billion, a price-to-earnings ratio of 33.69, a price-to-earnings-growth ratio of 2.89 and a beta of 0.94. The firm’s 50 day moving average price is $434.44 and its two-hundred day moving average price is $453.86.

Linde (NASDAQ:LIN) last posted its quarterly earnings data on Thursday, February 6th. The basic materials company reported $3.97 earnings per share for the quarter, topping the consensus estimate of $3.93 by $0.04. Linde had a net margin of 19.89% and a return on equity of 18.71%. On average, research analysts predict that Linde plc will post 16.55 EPS for the current fiscal year.

Linde Company 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.