Pinnacle Wealth Management Advisory Group LLC Acquires 162 Shares of Linde plc (NASDAQ:LIN)

Pinnacle Wealth Management Advisory Group LLC lifted its holdings in shares of Linde plc (NASDAQ:LIN) by 7.0% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 2,485 shares of the basic materials company’s stock after buying an additional 162 shares during the quarter. Pinnacle Wealth Management Advisory Group LLC’s holdings in Linde were worth $1,040,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also modified their holdings of the company. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC boosted its stake in Linde by 372.8% during the 3rd quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 3,288,088 shares of the basic materials company’s stock worth $1,567,958,000 after acquiring an additional 2,592,682 shares during the last quarter. International Assets Investment Management LLC raised its holdings in Linde by 47,830.2% in the third quarter. International Assets Investment Management LLC now owns 936,076 shares of the basic materials company’s stock worth $446,377,000 after purchasing an additional 934,123 shares during the period. Assenagon Asset Management S.A. boosted its position in shares of Linde by 2,293.0% during the fourth quarter. Assenagon Asset Management S.A. now owns 782,461 shares of the basic materials company’s stock worth $327,593,000 after purchasing an additional 749,763 shares in the last quarter. AMF Tjanstepension AB increased its position in shares of Linde by 108.7% in the 3rd 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 in the last quarter. Finally, KBC Group NV raised its stake in Linde by 131.6% during the 3rd quarter. KBC Group NV now owns 621,444 shares of the basic materials company’s stock worth $296,342,000 after buying an additional 353,136 shares during the period. 82.80% of the stock is owned by institutional investors.

Linde Stock Down 0.9 %

Linde stock opened at $457.00 on Monday. Linde plc has a fifty-two week low of $410.69 and a fifty-two week high of $487.49. The firm has a market capitalization of $217.61 billion, a PE ratio of 33.58, a P/E/G ratio of 2.89 and a beta of 0.94. The company’s 50-day moving average is $434.82 and its 200-day moving average is $454.01. The company has a debt-to-equity ratio of 0.39, a current ratio of 0.89 and a quick ratio of 0.81.

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 return on equity of 18.71% and a net margin of 19.89%. Sell-side analysts anticipate that Linde plc will post 16.55 earnings per share for the current year.

Insider Buying and Selling at Linde

In other news, VP Guillermo Bichara sold 4,385 shares of the company’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 value of $2,020,301.05. Following the transaction, the vice president now owns 22,776 shares of the company’s stock, valued at approximately $10,493,586.48. This represents a 16.14 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, Director Paula Rosput Reynolds bought 100 shares of the stock in a transaction dated Thursday, December 12th. The shares were purchased at an average price of $441.34 per share, for a total transaction of $44,134.00. Following the purchase, the director now owns 233 shares of the company’s stock, valued at $102,832.22. This trade represents a 75.19 % increase in their position. The disclosure for this purchase can be found here. Insiders have sold a total of 9,503 shares of company stock worth $4,306,843 over the last ninety days. Insiders own 0.60% of the company’s stock.

Wall Street Analyst Weigh In

A number of equities research analysts have recently commented on LIN shares. Deutsche Bank Aktiengesellschaft raised their price target on Linde from $510.00 to $515.00 and gave the stock a “buy” rating in a research report on Friday, November 1st. Citigroup dropped their target price on shares of Linde from $490.00 to $480.00 and set a “neutral” rating on the stock in a report on Wednesday, December 18th. BMO Capital Markets upped their price target on shares of Linde from $477.00 to $507.00 and gave the company an “outperform” rating in a report on Friday, November 1st. Erste Group Bank restated a “hold” rating on shares of Linde in a report on Tuesday, November 19th. Finally, TD Cowen raised shares of Linde from a “hold” rating to a “buy” rating and upped their target price for the stock from $480.00 to $515.00 in a research note on Monday, January 13th. Four research analysts have rated the stock with a hold rating and nine have given a buy rating to the company. According to data from MarketBeat.com, the company currently has an average 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.