Sierra Ocean LLC Makes New $48,000 Investment in Linde plc (NASDAQ:LIN)

Sierra Ocean LLC purchased a new position in Linde plc (NASDAQ:LIN) in the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund purchased 114 shares of the basic materials company’s stock, valued at approximately $48,000.

Several other large investors have also made changes to their positions in LIN. Synergy Asset Management LLC acquired a new position in shares of Linde during the 4th quarter worth about $25,000. Strategic Financial Concepts LLC acquired a new position in shares of Linde during the 4th quarter worth about $28,000. Global Wealth Strategies & Associates lifted its position in shares of Linde by 144.8% during 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 during the last quarter. Retirement Wealth Solutions LLC acquired a new position in shares of Linde during the 4th quarter worth about $34,000. Finally, Kozak & Associates Inc. lifted its position in shares of Linde by 38.6% during the 4th quarter. Kozak & Associates Inc. now owns 97 shares of the basic materials company’s stock worth $40,000 after purchasing an additional 27 shares during the last quarter. Institutional investors and hedge funds own 82.80% of the company’s stock.

Insider Buying and Selling

In related news, Director Robert L. Wood sold 2,900 shares of the stock in a transaction that occurred on Monday, February 10th. The stock was sold at an average price of $456.26, for a total transaction of $1,323,154.00. Following the sale, the director now directly owns 14,013 shares in the company, valued at $6,393,571.38. This represents a 17.15 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, VP Guillermo Bichara sold 4,385 shares of the company’s stock in a transaction 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 directly owns 22,776 shares in the company, valued at approximately $10,493,586.48. This represents a 16.14 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 9,503 shares of company stock worth $4,306,843 in the last three months. Insiders own 0.60% of the company’s stock.

Linde Trading Down 0.9 %

LIN stock opened at $457.00 on Tuesday. Linde plc has a 1-year low of $410.69 and a 1-year high of $487.49. The firm has a market cap of $217.61 billion, a P/E ratio of 33.58, a P/E/G ratio of 2.89 and a beta of 0.94. The business’s 50 day moving average is $434.82 and its 200-day moving average is $454.01. The company has a current ratio of 0.89, a quick ratio of 0.81 and a debt-to-equity ratio of 0.39.

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

Analyst Ratings Changes

Several equities analysts recently weighed in on the company. Deutsche Bank Aktiengesellschaft boosted their price objective on Linde from $510.00 to $515.00 and gave the stock a “buy” rating in a research report on Friday, November 1st. TD Cowen upgraded Linde from a “hold” rating to a “buy” rating and boosted their price target for the company from $480.00 to $515.00 in a research note on Monday, January 13th. Mizuho boosted their price target on Linde from $520.00 to $530.00 and gave the company an “outperform” rating in a research note on Friday, November 1st. Citigroup lowered their price target on Linde from $490.00 to $480.00 and set a “neutral” rating on the stock in a research note on Wednesday, December 18th. Finally, BMO Capital Markets boosted their price target on Linde from $477.00 to $507.00 and gave the company an “outperform” rating in a research note on Friday, November 1st. Four investment analysts have rated the stock with a hold rating and nine have given a buy rating to the company. Based on data from MarketBeat, Linde has an average rating of “Moderate Buy” and a consensus price target of $501.82.

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.