McKinley Carter Wealth Services Inc. Has $7.44 Million Position in Linde plc (NASDAQ:LIN)

McKinley Carter Wealth Services Inc. raised its holdings in shares of Linde plc (NASDAQ:LIN) by 1.0% in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 17,759 shares of the basic materials company’s stock after purchasing an additional 177 shares during the quarter. McKinley Carter Wealth Services Inc.’s holdings in Linde were worth $7,435,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in the stock. Trifecta Capital Advisors LLC raised its stake in Linde by 16.9% during the third quarter. Trifecta Capital Advisors LLC now owns 145 shares of the basic materials company’s stock worth $69,000 after buying an additional 21 shares during the last quarter. Prentice Wealth Management LLC grew its holdings in Linde by 1.7% during the 3rd quarter. Prentice Wealth Management LLC now owns 1,367 shares of the basic materials company’s stock worth $652,000 after acquiring an additional 23 shares during the period. Quotient Wealth Partners LLC raised its position in shares of Linde by 0.9% in 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 raised its position 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 in the last quarter. Finally, CVA Family Office LLC lifted its stake 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 valued at $406,000 after purchasing an additional 24 shares during the period. 82.80% of the stock is owned by institutional investors.

Linde Stock Performance

Shares of LIN opened at $435.51 on Wednesday. The firm has a market capitalization of $207.37 billion, a P/E ratio of 33.07, a P/E/G ratio of 2.74 and a beta of 0.94. Linde plc has a 52 week low of $396.07 and a 52 week high of $487.49. The stock has a 50 day moving average price of $435.10 and a two-hundred day moving average price of $453.33. The company has a debt-to-equity ratio of 0.43, a quick ratio of 0.81 and a current ratio of 0.96.

Linde (NASDAQ:LIN) last announced its quarterly earnings results on Thursday, October 31st. The basic materials company reported $3.94 earnings per share (EPS) for the quarter, topping the consensus estimate of $3.89 by $0.05. The business 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%. Linde’s revenue was up 1.9% compared to the same quarter last year. During the same quarter in the prior year, the company posted $3.63 earnings per share. Equities analysts forecast that Linde plc will post 15.45 earnings per share for the current fiscal year.

Insiders Place Their Bets

In other Linde news, Director Paula Rosput Reynolds acquired 100 shares of Linde stock in a transaction on Thursday, December 12th. The stock was purchased at an average price of $441.34 per share, for a total transaction of $44,134.00. Following the purchase, the director now directly owns 233 shares of the company’s stock, valued at $102,832.22. This trade represents a 75.19 % increase in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, VP David P. Strauss sold 2,218 shares of Linde stock in a transaction on Monday, December 16th. The stock was sold at an average price of $434.35, for a total value of $963,388.30. Following the sale, the vice president now owns 25,926 shares in the company, valued at $11,260,958.10. The trade was a 7.88 % decrease in their ownership of the stock. The disclosure for this sale can be found here. 0.60% of the stock is currently owned by insiders.

Analyst Ratings Changes

Several research firms recently commented on LIN. Citigroup decreased their target price on Linde from $490.00 to $480.00 and set a “neutral” rating for the company in a research note on Wednesday, December 18th. Deutsche Bank Aktiengesellschaft raised their price objective on shares of 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 shares of Linde from a “hold” rating to a “buy” rating and boosted their target price for the company from $480.00 to $515.00 in a research report on Monday, January 13th. BMO Capital Markets raised their price target on shares of Linde from $477.00 to $507.00 and gave the stock an “outperform” rating in a report on Friday, November 1st. Finally, Mizuho upped their price objective on shares of Linde from $520.00 to $530.00 and gave the company an “outperform” rating in a report on Friday, November 1st. Four research analysts have rated the stock with a hold rating and nine have assigned a buy rating to the company’s stock. According to MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average target price 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.