Cibc World Market Inc. Has $22.54 Million Position in Linde plc (NASDAQ:LIN)

Cibc World Market Inc. increased its position in shares of Linde plc (NASDAQ:LIN) by 5.9% during the fourth quarter, Holdings Channel reports. The institutional investor owned 53,840 shares of the basic materials company’s stock after purchasing an additional 2,980 shares during the quarter. Cibc World Market Inc.’s holdings in Linde were worth $22,541,000 as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Mediolanum International Funds Ltd raised its stake in shares of Linde by 6.2% in the 4th quarter. Mediolanum International Funds Ltd now owns 64,830 shares of the basic materials company’s stock valued at $27,016,000 after buying an additional 3,813 shares in the last quarter. Crews Bank & Trust acquired a new position in Linde in the fourth quarter worth about $79,000. Busey Bank lifted its stake in Linde by 3.0% during the fourth quarter. Busey Bank now owns 43,478 shares of the basic materials company’s stock worth $18,203,000 after purchasing an additional 1,254 shares during the period. First Affirmative Financial Network boosted its holdings in Linde by 5.4% during the fourth quarter. First Affirmative Financial Network now owns 2,615 shares of the basic materials company’s stock valued at $1,095,000 after purchasing an additional 133 shares in the last quarter. Finally, Synergy Asset Management LLC acquired a new stake in Linde during the fourth quarter valued at approximately $25,000. 82.80% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

Several research firms recently commented on LIN. TD Cowen upgraded 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. Citigroup reduced their target price on shares of Linde from $490.00 to $480.00 and set a “neutral” rating on the stock in a research note on Wednesday, December 18th. Erste Group Bank reiterated a “hold” rating on shares of Linde in a research report on Tuesday, November 19th. BMO Capital Markets boosted their price target on shares of Linde from $477.00 to $507.00 and gave the company an “outperform” rating in a research report on Friday, November 1st. Finally, Mizuho raised their price objective on shares of Linde from $520.00 to $530.00 and gave the stock an “outperform” rating in a report on Friday, November 1st. Four equities research analysts have rated the stock with a hold rating and nine have assigned a buy rating to the stock. Based on data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $501.82.

Linde Stock Down 0.1 %

NASDAQ:LIN opened at $446.12 on Friday. The company has a market cap of $212.42 billion, a price-to-earnings ratio of 33.87, a P/E/G ratio of 2.72 and a beta of 0.94. The company has a debt-to-equity ratio of 0.43, a quick ratio of 0.81 and a current ratio of 0.96. The stock’s fifty day moving average price is $434.72 and its two-hundred day moving average price is $453.17. Linde plc has a 52-week low of $396.07 and a 52-week high of $487.49.

Linde (NASDAQ:LIN) last posted its quarterly earnings results on Thursday, October 31st. The basic materials company reported $3.94 earnings per share (EPS) for the quarter, beating the consensus estimate of $3.89 by $0.05. The business had revenue of $8.36 billion for the quarter, compared to analysts’ expectations of $8.39 billion. Linde had a return on equity of 18.16% and a net margin of 19.33%. The firm’s quarterly revenue was up 1.9% compared to the same quarter last year. During the same quarter last year, the business earned $3.63 earnings per share. On average, analysts anticipate that Linde plc will post 15.45 EPS for the current year.

Insider Buying and Selling at Linde

In other Linde news, VP Guillermo Bichara sold 4,385 shares of the company’s 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 completion of the sale, the vice president now owns 22,776 shares in the company, valued at approximately $10,493,586.48. The trade was a 16.14 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, VP David P. Strauss sold 2,218 shares of the firm’s stock in a transaction on Monday, December 16th. The stock was sold at an average price of $434.35, for a total value of $963,388.30. Following the completion of the transaction, the vice president now owns 25,926 shares in the company, valued at $11,260,958.10. This represents a 7.88 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Corporate insiders own 0.60% of the company’s stock.

Linde 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.