Apollon Wealth Management LLC Has $3.94 Million Stock Holdings in Linde plc (NASDAQ:LIN)

Apollon Wealth Management LLC grew its stake in shares of Linde plc (NASDAQ:LIN) by 18.2% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 9,413 shares of the basic materials company’s stock after purchasing an additional 1,447 shares during the period. Apollon Wealth Management LLC’s holdings in Linde were worth $3,941,000 as of its most recent filing with the Securities and Exchange Commission.

Other large investors also recently made changes to their positions in the company. Synergy Asset Management LLC purchased a new position in Linde during the 4th quarter worth $25,000. Strategic Financial Concepts LLC bought a new position in shares of Linde during the fourth quarter valued at about $28,000. Global Wealth Strategies & Associates grew its position in Linde by 144.8% in the 4th quarter. Global Wealth Strategies & Associates now owns 71 shares of the basic materials company’s stock worth $30,000 after purchasing an additional 42 shares in the last quarter. Kozak & Associates Inc. purchased a new stake in Linde in the 3rd quarter valued at about $34,000. Finally, Retirement Wealth Solutions LLC bought a new position in shares of Linde in the fourth quarter valued at approximately $34,000. 82.80% of the stock is currently owned by institutional investors and hedge funds.

Insider Transactions at Linde

In other news, Director Paula Rosput Reynolds bought 100 shares of the company’s stock in a transaction that occurred on Thursday, December 12th. The stock was bought at an average price of $441.34 per share, for a total transaction of $44,134.00. Following the transaction, the director now directly owns 233 shares of the company’s stock, valued at $102,832.22. This represents a 75.19 % increase in their position. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Also, 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 directly owns 22,776 shares of the company’s stock, valued at $10,493,586.48. This trade represents a 16.14 % decrease in their position. The disclosure for this sale can be found here. 0.60% of the stock is owned by insiders.

Linde Stock Down 1.2 %

LIN stock opened at $455.05 on Friday. The stock has a 50-day simple moving average of $434.36 and a two-hundred day simple moving average of $453.55. The company has a quick ratio of 0.81, a current ratio of 0.89 and a debt-to-equity ratio of 0.39. Linde plc has a twelve month low of $410.69 and a twelve month high of $487.49. The firm has a market capitalization of $216.68 billion, a PE ratio of 33.43, a PEG ratio of 2.89 and a beta of 0.94.

Linde (NASDAQ:LIN) last released its quarterly earnings results on Thursday, February 6th. The basic materials company reported $3.97 earnings per share for the quarter, topping 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%. On average, equities analysts predict that Linde plc will post 16.55 EPS for the current fiscal year.

Wall Street Analyst Weigh In

LIN has been the topic of a number of recent analyst reports. TD Cowen upgraded Linde from a “hold” rating to a “buy” rating and lifted their price target for the stock from $480.00 to $515.00 in a report on Monday, January 13th. BMO Capital Markets lifted their target price on Linde from $477.00 to $507.00 and gave the stock an “outperform” rating in a research note on Friday, November 1st. Erste Group Bank restated a “hold” rating on shares of Linde in a research report on Tuesday, November 19th. Citigroup lowered their price objective on shares of Linde from $490.00 to $480.00 and set a “neutral” rating on the stock in a research report on Wednesday, December 18th. Finally, Deutsche Bank Aktiengesellschaft increased their target price on shares of Linde from $510.00 to $515.00 and gave the company a “buy” 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 company. Based on data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus target price 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.