WBH Advisory Inc. Takes $733,000 Position in Linde plc (NASDAQ:LIN)

WBH Advisory Inc. bought a new position in shares of Linde plc (NASDAQ:LIN) during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor bought 1,751 shares of the basic materials company’s stock, valued at approximately $733,000.

Several other large investors have also recently added to or reduced their stakes in LIN. Synergy Asset Management LLC acquired a new stake in shares of Linde in the fourth quarter valued at about $25,000. Strategic Financial Concepts LLC bought a new stake in shares of Linde in the 4th quarter worth approximately $28,000. Global Wealth Strategies & Associates lifted its holdings in shares of 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 during the last quarter. Retirement Wealth Solutions LLC bought a new stake in Linde during the 4th quarter valued at $34,000. Finally, Kozak & Associates Inc. increased 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 valued at $40,000 after purchasing an additional 27 shares during the period. 82.80% of the stock is currently owned by hedge funds and other institutional investors.

Insider Activity at Linde

In other Linde news, Director Robert L. Wood sold 2,900 shares of the stock in a transaction dated 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 completion of the transaction, the director now owns 14,013 shares in the company, valued at approximately $6,393,571.38. This represents a 17.15 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, VP Guillermo Bichara sold 4,385 shares of the stock in a transaction dated Wednesday, December 4th. The stock was sold at an average price of $460.73, for a total transaction of $2,020,301.05. Following the transaction, the vice president now owns 22,776 shares of the company’s stock, valued at approximately $10,493,586.48. This represents a 16.14 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 9,503 shares of company stock worth $4,306,843 in the last quarter. Corporate insiders own 0.60% of the company’s stock.

Linde Stock Down 0.9 %

NASDAQ:LIN opened at $457.00 on Tuesday. The stock’s fifty day moving average price is $434.82 and its two-hundred day moving average price is $454.01. Linde plc has a 52-week low of $410.69 and a 52-week high of $487.49. The company has a debt-to-equity ratio of 0.39, a quick ratio of 0.81 and a current ratio of 0.89. The company has a market cap of $217.61 billion, a price-to-earnings ratio of 33.58, a P/E/G ratio of 2.89 and a beta of 0.94.

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

Wall Street Analysts Forecast Growth

LIN has been the topic of a number of recent research reports. Mizuho lifted their target price on Linde from $520.00 to $530.00 and gave the stock an “outperform” rating in a report on Friday, November 1st. TD Cowen raised Linde from a “hold” rating to a “buy” rating and boosted their price target for the stock from $480.00 to $515.00 in a research report on Monday, January 13th. Citigroup dropped their price objective on 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 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. Finally, Deutsche Bank Aktiengesellschaft upped their price objective on Linde from $510.00 to $515.00 and gave the company a “buy” 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 stock. According to MarketBeat, the stock has an average rating of “Moderate Buy” and an average price target of $501.82.

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.