Allspring Global Investments Holdings LLC Boosts Stock Position in Linde plc (NASDAQ:LIN)

Allspring Global Investments Holdings LLC boosted its holdings in shares of Linde plc (NASDAQ:LIN) by 2.8% during the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 69,527 shares of the basic materials company’s stock after purchasing an additional 1,915 shares during the quarter. Allspring Global Investments Holdings LLC’s holdings in Linde were worth $28,796,000 as of its most recent SEC filing.

Several other institutional investors have also bought and sold shares of LIN. Helios Capital Management PTE. Ltd. increased its position in shares of Linde by 85.2% during the 4th quarter. Helios Capital Management PTE. Ltd. now owns 2,500 shares of the basic materials company’s stock valued at $1,047,000 after purchasing an additional 1,150 shares during the last quarter. Channel Wealth LLC increased its position in Linde by 30.4% during the fourth quarter. Channel Wealth LLC now owns 7,385 shares of the basic materials company’s stock valued at $3,092,000 after acquiring an additional 1,723 shares during the last quarter. Nordea Investment Management AB raised its stake in shares of Linde by 2.2% in the fourth quarter. Nordea Investment Management AB now owns 2,145,643 shares of the basic materials company’s stock valued at $898,188,000 after acquiring an additional 46,843 shares during the period. M&T Bank Corp raised its stake in shares of Linde by 6.7% in the third quarter. M&T Bank Corp now owns 79,472 shares of the basic materials company’s stock valued at $37,898,000 after acquiring an additional 5,021 shares during the period. Finally, SYM FINANCIAL Corp bought a new stake in shares of Linde in the 4th quarter worth about $625,000. Institutional investors own 82.80% of the company’s stock.

Analyst Upgrades and Downgrades

A number of analysts recently weighed in on LIN shares. Deutsche Bank Aktiengesellschaft increased 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. Citigroup decreased their price target on Linde from $490.00 to $480.00 and set a “neutral” rating for the company in a research note on Wednesday, December 18th. BMO Capital Markets upped their price objective on 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 reiterated a “hold” rating on shares of Linde in a research report on Tuesday, November 19th. Finally, TD Cowen upgraded shares of Linde from a “hold” rating to a “buy” rating and upped their price target for the stock from $480.00 to $515.00 in a report on Monday, January 13th. 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, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $501.82.

Linde Stock Down 0.9 %

Linde stock opened at $457.00 on Friday. 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 firm has a market cap of $217.61 billion, a P/E ratio of 33.58, a P/E/G ratio of 2.89 and a beta of 0.94. The business has a fifty day moving average of $434.82 and a two-hundred day moving average of $453.99. Linde plc has a twelve month low of $410.69 and a twelve month high of $487.49.

Linde (NASDAQ:LIN) last issued its quarterly earnings data on Thursday, February 6th. The basic materials company reported $3.97 earnings per share for the quarter, topping 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%. On average, analysts forecast that Linde plc will post 16.55 earnings per share for the current fiscal year.

Insider Transactions at Linde

In related news, Director Robert L. Wood sold 2,900 shares of the business’s stock in a transaction on Monday, February 10th. The stock was sold at an average price of $456.26, for a total transaction of $1,323,154.00. Following the transaction, the director now directly owns 14,013 shares in the company, valued at $6,393,571.38. The trade was a 17.15 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, Director Paula Rosput Reynolds purchased 100 shares of the firm’s stock in a transaction on Thursday, December 12th. The stock was acquired at an average price of $441.34 per share, with a total value of $44,134.00. Following the completion of the purchase, the director now owns 233 shares of the company’s stock, valued at $102,832.22. The trade was a 75.19 % increase in their position. The disclosure for this purchase can be found here. Insiders have sold a total of 9,503 shares of company stock valued at $4,306,843 in the last 90 days. Insiders own 0.60% of the company’s stock.

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.