Klingman & Associates LLC Acquires 28 Shares of Linde plc (NASDAQ:LIN)

Klingman & Associates LLC grew its holdings in Linde plc (NASDAQ:LIN) by 3.1% in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 928 shares of the basic materials company’s stock after acquiring an additional 28 shares during the quarter. Klingman & Associates LLC’s holdings in Linde were worth $389,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds also recently modified their holdings of LIN. AMF Tjanstepension AB boosted its position in shares of Linde by 108.7% in the third quarter. AMF Tjanstepension AB now owns 784,477 shares of the basic materials company’s stock valued at $374,086,000 after acquiring an additional 408,659 shares during the period. Howard Capital Management Group LLC bought a new stake in shares of Linde in the third quarter valued at approximately $252,000. Capital Investment Advisors LLC boosted its position in shares of Linde by 6.7% in the third quarter. Capital Investment Advisors LLC now owns 1,049 shares of the basic materials company’s stock valued at $500,000 after acquiring an additional 66 shares during the period. OLD National Bancorp IN boosted its position in shares of Linde by 5.3% in the third quarter. OLD National Bancorp IN now owns 2,566 shares of the basic materials company’s stock valued at $1,224,000 after acquiring an additional 130 shares during the period. Finally, Raleigh Capital Management Inc. boosted its position in shares of Linde by 8.9% in the third quarter. Raleigh Capital Management Inc. now owns 737 shares of the basic materials company’s stock valued at $351,000 after acquiring an additional 60 shares during the period. 82.80% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

Several equities research analysts have recently weighed in on LIN shares. Erste Group Bank reissued a “hold” rating on shares of Linde in a research report on Tuesday, November 19th. BMO Capital Markets raised their target price on Linde from $477.00 to $507.00 and gave the stock an “outperform” rating in a research report on Friday, November 1st. Citigroup reduced their target price on Linde from $490.00 to $480.00 and set a “neutral” rating for the company in a research report on Wednesday, December 18th. TD Cowen raised Linde from a “hold” rating to a “buy” rating and raised their target price for the stock from $480.00 to $515.00 in a research report on Monday, January 13th. Finally, Deutsche Bank Aktiengesellschaft raised 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. Four research analysts have rated the stock with a hold rating and nine have issued a buy rating to the company’s stock. According to data from MarketBeat, Linde presently has a consensus rating of “Moderate Buy” and a consensus target price of $501.82.

Insider Activity

In other news, Director Robert L. Wood sold 2,900 shares of the firm’s stock in a transaction on Monday, February 10th. The stock was sold at an average price of $456.26, for a total value of $1,323,154.00. Following the completion of the sale, the director now directly owns 14,013 shares in the company, valued at approximately $6,393,571.38. This trade represents a 17.15 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through this link. Also, VP Guillermo Bichara sold 4,385 shares of the firm’s stock in a transaction on Wednesday, December 4th. The shares were sold at an average price of $460.73, for a total value 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. This trade represents a 16.14 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 9,503 shares of company stock worth $4,306,843. 0.60% of the stock is owned by corporate insiders.

Linde Stock Performance

Linde stock opened at $465.83 on Wednesday. The company has a debt-to-equity ratio of 0.39, a current ratio of 0.89 and a quick ratio of 0.76. The stock has a fifty day moving average price of $435.53 and a two-hundred day moving average price of $454.12. Linde plc has a 52-week low of $410.69 and a 52-week high of $487.49. The firm has a market capitalization of $221.81 billion, a P/E ratio of 34.23, a P/E/G ratio of 3.05 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, topping the consensus estimate of $3.93 by $0.04. Linde had a return on equity of 18.71% and a net margin of 19.89%. As a group, analysts anticipate that Linde plc will post 16.54 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.