Community Financial Services Group LLC Boosts Stock Holdings in Linde plc (NASDAQ:LIN)

Community Financial Services Group LLC lifted its stake in Linde plc (NASDAQ:LIN) by 5.5% in the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 13,801 shares of the basic materials company’s stock after purchasing an additional 722 shares during the period. Linde comprises about 1.1% of Community Financial Services Group LLC’s holdings, making the stock its 28th largest holding. Community Financial Services Group LLC’s holdings in Linde were worth $5,778,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors and hedge funds have also recently bought and sold shares of LIN. Trifecta Capital Advisors LLC lifted its holdings in shares of 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 purchasing an additional 21 shares during the period. Regent Peak Wealth Advisors LLC increased its stake in 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 valued at $873,000 after buying an additional 23 shares during the period. Concord Asset Management LLC VA raised its position in Linde by 0.5% during the 4th quarter. Concord Asset Management LLC VA now owns 4,774 shares of the basic materials company’s stock worth $1,999,000 after buying an additional 23 shares during the last quarter. Salomon & Ludwin LLC lifted its stake in shares of Linde by 14.3% in the 3rd quarter. Salomon & Ludwin LLC now owns 192 shares of the basic materials company’s stock worth $92,000 after acquiring an additional 24 shares during the period. Finally, Fourpath Capital Management LLC boosted its holdings in shares of Linde by 0.6% in the fourth quarter. Fourpath Capital Management LLC now owns 4,138 shares of the basic materials company’s stock valued at $1,732,000 after acquiring an additional 24 shares in the last quarter. 82.80% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

A number of equities research analysts recently commented on LIN shares. Mizuho raised their price objective on shares of Linde from $520.00 to $530.00 and gave the company an “outperform” rating in a research report on Friday, November 1st. Erste Group Bank restated a “hold” rating on shares of Linde in a research note on Tuesday, November 19th. Deutsche Bank Aktiengesellschaft increased 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. BMO Capital Markets upped their price target on shares of Linde from $477.00 to $507.00 and gave the stock an “outperform” rating in a research note on Friday, November 1st. Finally, Citigroup reduced their price objective on shares of Linde from $490.00 to $480.00 and set a “neutral” rating for the company in a research note on Wednesday, December 18th. Four analysts have rated the stock with a hold rating and nine have issued a buy rating to the stock. According to MarketBeat.com, Linde currently has a consensus rating of “Moderate Buy” and a consensus price target of $501.82.

Linde Stock Performance

NASDAQ LIN opened at $460.74 on Wednesday. The company has a quick ratio of 0.81, a current ratio of 0.89 and a debt-to-equity ratio of 0.39. The stock has a market cap of $219.39 billion, a price-to-earnings ratio of 33.85, a price-to-earnings-growth ratio of 2.89 and a beta of 0.94. Linde plc has a fifty-two week low of $410.69 and a fifty-two week high of $487.49. The business has a fifty day moving average of $434.39 and a 200-day moving average of $453.79.

Linde (NASDAQ:LIN) last released its earnings results on Thursday, February 6th. The basic materials company reported $3.97 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $3.93 by $0.04. Linde had a net margin of 19.89% and a return on equity of 18.71%. As a group, analysts predict that Linde plc will post 16.55 earnings per share for the current fiscal year.

Insiders Place Their Bets

In related news, VP David P. Strauss sold 2,218 shares of the firm’s stock in a transaction that occurred on Monday, December 16th. The shares were sold at an average price of $434.35, for a total value of $963,388.30. Following the sale, the vice president now directly owns 25,926 shares of the company’s stock, valued at approximately $11,260,958.10. This trade represents a 7.88 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, Director Paula Rosput Reynolds bought 100 shares of the stock in a transaction that occurred on Thursday, December 12th. The stock was bought at an average price of $441.34 per share, with a total value of $44,134.00. Following the completion of the acquisition, the director now owns 233 shares of the company’s stock, valued at $102,832.22. This trade represents a 75.19 % increase in their position. The disclosure for this purchase can be found here. 0.60% of the stock is owned by corporate insiders.

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.