O Brien Greene & Co. Inc Buys 35 Shares of Linde plc (NASDAQ:LIN)

O Brien Greene & Co. Inc increased its stake in Linde plc (NASDAQ:LIN) by 2.3% during the fourth quarter, HoldingsChannel reports. The firm owned 1,546 shares of the basic materials company’s stock after acquiring an additional 35 shares during the period. O Brien Greene & Co. Inc’s holdings in Linde were worth $647,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors have also bought and sold shares of the company. Concord Asset Management LLC VA raised its stake in shares of Linde by 0.5% in the fourth quarter. Concord Asset Management LLC VA now owns 4,774 shares of the basic materials company’s stock valued at $1,999,000 after buying an additional 23 shares during the period. Salomon & Ludwin LLC increased its holdings in 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 stake in 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 acquiring an additional 24 shares during the period. Greystone Financial Group LLC lifted its holdings in Linde by 1.3% during the third quarter. Greystone Financial Group LLC now owns 2,013 shares of the basic materials company’s stock valued at $960,000 after purchasing an additional 25 shares during the last quarter. Finally, Romano Brothers AND Company boosted its position in Linde by 1.3% during the fourth quarter. Romano Brothers AND Company now owns 2,009 shares of the basic materials company’s stock worth $841,000 after purchasing an additional 25 shares during the period. Hedge funds and other institutional investors own 82.80% of the company’s stock.

Linde Stock Down 0.8 %

LIN stock opened at $462.07 on Thursday. Linde plc has a 1-year low of $410.69 and a 1-year high of $487.49. The stock has a market cap of $220.02 billion, a price-to-earnings ratio of 33.95, a price-to-earnings-growth ratio of 3.11 and a beta of 0.94. The company has a current ratio of 0.89, a quick ratio of 0.76 and a debt-to-equity ratio of 0.39. The company’s 50 day moving average is $435.96 and its 200 day moving average is $454.18.

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, beating 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%. Sell-side analysts predict that Linde plc will post 16.54 EPS for the current fiscal year.

Insider Buying and Selling at Linde

In other Linde news, Director Robert L. Wood sold 2,900 shares of the stock in a transaction that occurred on Monday, February 10th. The shares were sold at an average price of $456.26, for a total transaction of $1,323,154.00. Following the transaction, 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 sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, VP Guillermo Bichara sold 4,385 shares of the business’s stock in a transaction that occurred on Wednesday, December 4th. The stock was sold at an average price of $460.73, for a total transaction of $2,020,301.05. Following the completion of the sale, the vice president now 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 ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 9,503 shares of company stock worth $4,306,843 over the last 90 days. Corporate insiders own 0.60% of the company’s stock.

Analysts Set New Price Targets

A number of analysts recently commented on the stock. TD Cowen upgraded shares of Linde from a “hold” rating to a “buy” rating and upped their price target for the company from $480.00 to $515.00 in a research note on Monday, January 13th. Deutsche Bank Aktiengesellschaft increased their target price on Linde from $510.00 to $515.00 and gave the stock a “buy” rating in a research report on Friday, November 1st. Citigroup decreased their price objective on Linde from $490.00 to $480.00 and set a “neutral” rating on the stock in a research note on Wednesday, December 18th. Mizuho raised their target price on Linde from $520.00 to $530.00 and gave the stock an “outperform” rating in a research note on Friday, November 1st. Finally, Erste Group Bank reiterated a “hold” rating on shares of Linde in a research report on Tuesday, November 19th. Four analysts have rated the stock with a hold rating and nine have issued a buy rating to the company. According to data from MarketBeat, the company currently has an average rating of “Moderate Buy” and an average target price of $501.82.

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.