Soltis Investment Advisors LLC Raises Holdings in Linde plc (NASDAQ:LIN)

Soltis Investment Advisors LLC lifted its holdings in Linde plc (NASDAQ:LIN) by 14.0% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 555 shares of the basic materials company’s stock after buying an additional 68 shares during the quarter. Soltis Investment Advisors LLC’s holdings in Linde were worth $233,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. Loring Wolcott & Coolidge Fiduciary Advisors LLP MA grew its position in Linde by 4.4% during the fourth quarter. Loring Wolcott & Coolidge Fiduciary Advisors LLP MA now owns 3,389 shares of the basic materials company’s stock worth $1,489,000 after buying an additional 143 shares during the period. Kestra Private Wealth Services LLC boosted its stake in shares of Linde by 5.6% during the 4th quarter. Kestra Private Wealth Services LLC now owns 18,103 shares of the basic materials company’s stock worth $7,579,000 after acquiring an additional 954 shares in the last quarter. Pelham Capital Ltd. boosted its stake in shares of Linde by 4.4% during the 4th quarter. Pelham Capital Ltd. now owns 40,707 shares of the basic materials company’s stock worth $17,043,000 after acquiring an additional 1,726 shares in the last quarter. Birch Hill Investment Advisors LLC grew its holdings in shares of Linde by 0.9% in the 4th quarter. Birch Hill Investment Advisors LLC now owns 5,126 shares of the basic materials company’s stock worth $2,146,000 after acquiring an additional 44 shares during the period. Finally, AlphaStar Capital Management LLC increased its stake in Linde by 13.7% in the 4th quarter. AlphaStar Capital Management LLC now owns 4,805 shares of the basic materials company’s stock valued at $2,012,000 after purchasing an additional 580 shares in the last quarter. Institutional investors and hedge funds own 82.80% of the company’s stock.

Linde Stock Down 0.0 %

LIN stock opened at $460.74 on Wednesday. The company has a 50 day moving average price of $434.39 and a two-hundred day moving average price of $453.79. 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 stock has a market capitalization of $219.39 billion, a P/E ratio of 33.85, a PEG ratio of 2.89 and a beta of 0.94. Linde plc has a one year low of $410.69 and a one year high of $487.49.

Linde (NASDAQ:LIN) last announced its quarterly earnings data on Thursday, February 6th. The basic materials company reported $3.97 EPS 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%. As a group, sell-side analysts expect that Linde plc will post 16.55 EPS for the current year.

Insider Buying and Selling at Linde

In related news, Director Paula Rosput Reynolds purchased 100 shares of the firm’s stock in a transaction on Thursday, December 12th. The shares were bought at an average price of $441.34 per share, for a total transaction of $44,134.00. Following the acquisition, the director now directly owns 233 shares in the company, valued at $102,832.22. This trade represents a 75.19 % increase in their ownership of the stock. The acquisition was disclosed in a filing with the SEC, which is available at this link. Also, VP David P. Strauss sold 2,218 shares of the company’s 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 of the company’s stock, valued at approximately $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 owned by company insiders.

Analyst Upgrades and Downgrades

A number of analysts have commented on LIN shares. Citigroup decreased their target price on Linde from $490.00 to $480.00 and set a “neutral” rating on the stock in a research report on Wednesday, December 18th. TD Cowen raised Linde from a “hold” rating to a “buy” rating and lifted their price target for the stock from $480.00 to $515.00 in a research note on Monday, January 13th. Deutsche Bank Aktiengesellschaft increased their price objective 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. Mizuho raised their target price on shares of Linde from $520.00 to $530.00 and gave the company an “outperform” rating in a report on Friday, November 1st. Finally, BMO Capital Markets upped their price target on shares of Linde from $477.00 to $507.00 and gave the company an “outperform” rating in a report on Friday, November 1st. Four equities research analysts have rated the stock with a hold rating and nine have assigned a buy rating to the stock. According to data from MarketBeat, the stock presently has a consensus 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.