Linde plc (NASDAQ:LIN) Shares Purchased by Pinnacle Financial Partners Inc

Pinnacle Financial Partners Inc boosted its position in Linde plc (NASDAQ:LIN) by 0.9% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 25,973 shares of the basic materials company’s stock after acquiring an additional 221 shares during the quarter. Pinnacle Financial Partners Inc’s holdings in Linde were worth $10,944,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Synergy Asset Management LLC purchased a new position in Linde in the fourth quarter valued at about $25,000. Strategic Financial Concepts LLC purchased a new position in Linde in the fourth quarter valued at about $28,000. Global Wealth Strategies & Associates raised its position in Linde by 144.8% in the fourth quarter. Global Wealth Strategies & Associates now owns 71 shares of the basic materials company’s stock valued at $30,000 after purchasing an additional 42 shares during the period. Retirement Wealth Solutions LLC purchased a new position in Linde in the fourth quarter valued at about $34,000. Finally, Kozak & Associates Inc. raised its position in Linde by 38.6% in the fourth quarter. Kozak & Associates Inc. now owns 97 shares of the basic materials company’s stock valued at $40,000 after purchasing an additional 27 shares during the period. Institutional investors and hedge funds own 82.80% of the company’s stock.

Linde Stock Down 0.8 %

NASDAQ:LIN opened at $458.00 on Friday. The company has a market capitalization of $218.08 billion, a price-to-earnings ratio of 33.65, a price-to-earnings-growth ratio of 3.08 and a beta of 0.94. Linde plc has a one year low of $410.69 and a one year high of $487.49. The stock has a 50-day simple moving average of $436.88 and a 200 day simple moving average of $454.39. The company has a debt-to-equity ratio of 0.39, a quick ratio of 0.76 and a current ratio of 0.89.

Linde (NASDAQ:LIN) last posted its quarterly earnings results on Thursday, February 6th. The basic materials company reported $3.97 EPS for the quarter, topping analysts’ consensus estimates of $3.93 by $0.04. Linde had a return on equity of 18.71% and a net margin of 19.89%. Sell-side analysts predict that Linde plc will post 16.54 EPS for the current fiscal year.

Insider Buying and Selling

In other Linde news, VP Guillermo Bichara sold 4,385 shares of Linde stock in a transaction that occurred on Wednesday, December 4th. The stock was sold at an average price of $460.73, for a total value of $2,020,301.05. Following the completion of the transaction, the vice president now directly owns 22,776 shares in the company, valued at $10,493,586.48. The trade was a 16.14 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at this link. Also, VP Juergen Nowicki sold 6,782 shares of Linde stock in a transaction that occurred on Thursday, February 20th. The shares were sold at an average price of $459.62, for a total value of $3,117,142.84. Following the completion of the transaction, the vice president now owns 14,765 shares of the company’s stock, 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 three months, insiders sold 16,285 shares of company stock worth $7,423,986. Corporate insiders own 0.60% of the company’s stock.

Analyst Ratings Changes

Several research analysts have commented on LIN shares. BMO Capital Markets raised their price objective on Linde from $477.00 to $507.00 and gave the company an “outperform” rating in a research report on Friday, November 1st. Citigroup cut their price objective on Linde from $490.00 to $480.00 and set a “neutral” rating on the stock in a research report on Wednesday, December 18th. TD Cowen raised Linde from a “hold” rating to a “buy” rating and lifted their target price for the stock from $480.00 to $515.00 in a research report on Monday, January 13th. Deutsche Bank Aktiengesellschaft lifted 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. Finally, Mizuho lifted their target price on Linde from $520.00 to $530.00 and gave the stock an “outperform” rating in a research report on Friday, November 1st. Four analysts have rated the stock with a hold rating and nine have issued a buy rating to the stock. According to 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.