1,451 Shares in Linde plc (NASDAQ:LIN) Purchased by JFG Wealth Management LLC

JFG Wealth Management LLC acquired a new stake in Linde plc (NASDAQ:LIN) in the 4th quarter, Holdings Channel reports. The institutional investor acquired 1,451 shares of the basic materials company’s stock, valued at approximately $607,000.

Other institutional investors also recently modified their holdings of the company. Synergy Asset Management LLC bought a new stake in shares of Linde during the fourth quarter valued at approximately $25,000. Strategic Financial Concepts LLC acquired a new position in Linde during the 4th quarter worth $28,000. Global Wealth Strategies & Associates lifted its holdings in Linde by 144.8% during the 4th quarter. Global Wealth Strategies & Associates now owns 71 shares of the basic materials company’s stock worth $30,000 after buying an additional 42 shares in the last quarter. Retirement Wealth Solutions LLC bought a new position in Linde in the 4th quarter valued at $34,000. Finally, Kozak & Associates Inc. increased its stake in shares of Linde by 38.6% in the 4th quarter. Kozak & Associates Inc. now owns 97 shares of the basic materials company’s stock valued at $40,000 after buying an additional 27 shares during the period. 82.80% of the stock is owned by institutional investors.

Linde Trading Up 2.0 %

LIN opened at $467.49 on Wednesday. The firm’s fifty day moving average is $438.23 and its two-hundred day moving average is $454.70. The firm has a market cap of $222.60 billion, a PE ratio of 34.35, a price-to-earnings-growth ratio of 3.08 and a beta of 0.94. Linde plc has a twelve month low of $410.69 and a twelve month high of $487.49. The company has a debt-to-equity ratio of 0.39, a quick ratio of 0.76 and a current ratio of 0.89.

Linde (NASDAQ:LIN) last issued its quarterly earnings data on Thursday, February 6th. The basic materials company reported $3.97 EPS for the quarter, topping the consensus estimate of $3.93 by $0.04. Linde had a return on equity of 18.71% and a net margin of 19.89%. Equities research analysts anticipate that Linde plc will post 16.54 EPS for the current year.

Analysts Set New Price Targets

LIN has been the topic of several research reports. Deutsche Bank Aktiengesellschaft upped their price target on Linde from $510.00 to $515.00 and gave the company a “buy” rating in a research note on Friday, November 1st. BMO Capital Markets upped their target price on shares of Linde from $477.00 to $507.00 and gave the company an “outperform” rating in a research report on Friday, November 1st. Erste Group Bank reaffirmed a “hold” rating on shares of Linde in a research note on Tuesday, November 19th. TD Cowen raised shares of 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 note on Monday, January 13th. Finally, Mizuho increased 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 investment analysts have rated the stock with a hold rating and nine have given a buy rating to the company’s stock. According to MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average price target of $501.82.

Insider Transactions at Linde

In other news, Director Robert L. Wood sold 2,900 shares of the stock in a transaction on Monday, February 10th. The shares were sold at an average price of $456.26, for a total transaction of $1,323,154.00. Following the completion of the sale, the director now owns 14,013 shares of the company’s stock, valued at $6,393,571.38. This represents a 17.15 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, VP Juergen Nowicki sold 6,782 shares of the business’s stock in a transaction on Thursday, February 20th. The shares were sold at an average price of $459.62, for a total transaction of $3,117,142.84. Following the completion of the sale, the vice president now directly owns 14,765 shares in the company, valued at $6,786,289.30. This represents a 31.48 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 16,285 shares of company stock valued at $7,423,986 over the last 90 days. 0.60% of the stock is owned by company insiders.

About Linde

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.