Linde plc (NASDAQ:LIN) Shares Acquired by Webster Bank N. A.

Webster Bank N. A. increased its stake in shares of Linde plc (NASDAQ:LIN) by 3.3% in the 4th quarter, Holdings Channel.com reports. The firm owned 1,071 shares of the basic materials company’s stock after purchasing an additional 34 shares during the period. Webster Bank N. A.’s holdings in Linde were worth $448,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Trifecta Capital Advisors LLC grew its stake in shares of Linde by 16.9% during the 3rd quarter. Trifecta Capital Advisors LLC now owns 145 shares of the basic materials company’s stock worth $69,000 after purchasing an additional 21 shares during the period. Prentice Wealth Management LLC lifted its position in shares of Linde by 1.7% during the 3rd quarter. Prentice Wealth Management LLC now owns 1,367 shares of the basic materials company’s stock valued at $652,000 after acquiring an additional 23 shares during the period. Quotient Wealth Partners LLC boosted its stake in shares of Linde by 0.9% during the 3rd quarter. Quotient Wealth Partners LLC now owns 2,706 shares of the basic materials company’s stock worth $1,290,000 after acquiring an additional 23 shares in the last quarter. Regent Peak Wealth Advisors LLC grew its holdings in shares of Linde by 1.3% in the 3rd quarter. Regent Peak Wealth Advisors LLC now owns 1,831 shares of the basic materials company’s stock worth $873,000 after acquiring an additional 23 shares during the period. Finally, CVA Family Office LLC grew its holdings in shares of Linde by 2.9% in the 3rd quarter. CVA Family Office LLC now owns 851 shares of the basic materials company’s stock worth $406,000 after acquiring an additional 24 shares during the period. 82.80% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

LIN has been the subject of a number of research analyst reports. Erste Group Bank restated a “hold” rating on shares of Linde in a research report on Tuesday, November 19th. TD Cowen raised Linde from a “hold” rating to a “buy” rating and upped their target price for the company from $480.00 to $515.00 in a research note on Monday, January 13th. Deutsche Bank Aktiengesellschaft raised their price target on Linde from $510.00 to $515.00 and gave the stock a “buy” rating in a research report on Friday, November 1st. Citigroup decreased 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. Finally, Mizuho raised their price target on shares of Linde from $520.00 to $530.00 and gave the stock an “outperform” rating in a research note on Friday, November 1st. Four equities research analysts have rated the stock with a hold rating and nine have given a buy rating to the stock. Based on data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average target price of $501.82.

Linde Stock Down 0.4 %

Shares of Linde stock opened at $439.25 on Monday. Linde plc has a twelve month low of $396.07 and a twelve month high of $487.49. The stock has a market cap of $209.15 billion, a price-to-earnings ratio of 33.35, a price-to-earnings-growth ratio of 2.74 and a beta of 0.94. The company has a current ratio of 0.96, a quick ratio of 0.81 and a debt-to-equity ratio of 0.43. The company has a fifty day moving average price of $435.45 and a 200 day moving average price of $453.33.

Linde (NASDAQ:LIN) last announced its earnings results on Thursday, October 31st. The basic materials company reported $3.94 earnings per share for the quarter, beating the consensus estimate of $3.89 by $0.05. The company had revenue of $8.36 billion during the quarter, compared to the consensus estimate of $8.39 billion. Linde had a return on equity of 18.16% and a net margin of 19.33%. The company’s revenue was up 1.9% on a year-over-year basis. During the same period last year, the firm earned $3.63 earnings per share. Equities research analysts forecast that Linde plc will post 15.45 earnings per share for the current fiscal year.

Insider Activity

In related news, VP Guillermo Bichara sold 4,385 shares of the business’s stock in a transaction dated 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 of the company’s stock, valued at $10,493,586.48. This represents a 16.14 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Director Paula Rosput Reynolds purchased 100 shares of the business’s stock in a transaction that occurred on Thursday, December 12th. The stock was bought at an average cost of $441.34 per share, for a total transaction of $44,134.00. Following the acquisition, the director now owns 233 shares in the company, valued at approximately $102,832.22. The trade was a 75.19 % increase in their position. The disclosure for this purchase can be found here. Company insiders own 0.60% of the company’s stock.

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.