Valmark Advisers Inc. Has $1.73 Million Stock Holdings in Linde plc (NASDAQ:LIN)

Valmark Advisers Inc. grew its position in Linde plc (NASDAQ:LIN) by 1.6% during the 4th quarter, HoldingsChannel reports. The firm owned 4,130 shares of the basic materials company’s stock after purchasing an additional 67 shares during the quarter. Valmark Advisers Inc.’s holdings in Linde were worth $1,729,000 at the end of the most recent quarter.

Other hedge funds also recently bought and sold shares of the company. Synergy Asset Management LLC acquired a new stake in shares of Linde during the fourth quarter worth $25,000. Strategic Financial Concepts LLC acquired a new stake in shares of Linde during the fourth quarter worth $28,000. Global Wealth Strategies & Associates raised its holdings in shares of Linde by 144.8% during the fourth quarter. Global Wealth Strategies & Associates now owns 71 shares of the basic materials company’s stock worth $30,000 after acquiring an additional 42 shares during the period. Retirement Wealth Solutions LLC acquired a new stake in shares of Linde during the fourth quarter worth $34,000. Finally, Kozak & Associates Inc. raised its holdings in shares of Linde by 38.6% during the fourth quarter. Kozak & Associates Inc. now owns 97 shares of the basic materials company’s stock worth $40,000 after acquiring an additional 27 shares during the period. 82.80% of the stock is currently owned by institutional investors and hedge funds.

Insider Buying and Selling

In other Linde news, VP Guillermo Bichara sold 4,385 shares of Linde stock in a transaction dated 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 in the company, valued at $10,493,586.48. The trade was a 16.14 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, Director Paula Rosput Reynolds acquired 100 shares of the company’s stock in a transaction on Thursday, December 12th. The stock was acquired at an average price of $441.34 per share, with a total value of $44,134.00. Following the purchase, the director now directly owns 233 shares in the company, valued at approximately $102,832.22. This represents a 75.19 % increase in their ownership of the stock. The disclosure for this purchase can be found here. In the last 90 days, insiders sold 9,503 shares of company stock valued at $4,306,843. Company insiders own 0.60% of the company’s stock.

Linde Stock Performance

Shares of LIN opened at $457.00 on Monday. The company has a market cap of $217.61 billion, a PE ratio of 33.58, a price-to-earnings-growth ratio of 2.89 and a beta of 0.94. The company has a debt-to-equity ratio of 0.39, a current ratio of 0.89 and a quick ratio of 0.81. The firm has a 50-day moving average of $434.82 and a 200-day moving average of $454.01. Linde plc has a one year low of $410.69 and a one year high of $487.49.

Linde (NASDAQ:LIN) last announced its earnings results on Thursday, February 6th. The basic materials company reported $3.97 EPS 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%. As a group, equities analysts forecast that Linde plc will post 16.55 earnings per share for the current year.

Analyst Ratings Changes

Several equities research analysts have issued reports on LIN shares. Deutsche Bank Aktiengesellschaft lifted their price target on shares of Linde from $510.00 to $515.00 and gave the company a “buy” rating in a research note on Friday, November 1st. Citigroup lowered their price target 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. BMO Capital Markets lifted their price target on shares of Linde from $477.00 to $507.00 and gave the company an “outperform” rating in a research note on Friday, November 1st. Mizuho lifted their price target on shares of Linde from $520.00 to $530.00 and gave the company an “outperform” rating in a research note on Friday, November 1st. Finally, TD Cowen upgraded shares of Linde from a “hold” rating to a “buy” rating and lifted their price target for the company 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 assigned a buy rating to the company. According to data from MarketBeat, Linde currently has an average rating of “Moderate Buy” and an average 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.