Atria Wealth Solutions Inc. Boosts Stock Holdings in Linde plc (NASDAQ:LIN)

Atria Wealth Solutions Inc. raised its holdings in shares of Linde plc (NASDAQ:LIN) by 3.6% during the fourth quarter, HoldingsChannel reports. The firm owned 12,886 shares of the basic materials company’s stock after purchasing an additional 449 shares during the period. Atria Wealth Solutions Inc.’s holdings in Linde were worth $5,395,000 as of its most recent SEC filing.

Other institutional investors have also added to or reduced their stakes in the company. Synergy Asset Management LLC purchased a new position in shares of Linde in the 4th quarter worth approximately $25,000. Global Wealth Strategies & Associates grew its position in shares of Linde by 144.8% in 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 during the last quarter. Retirement Wealth Solutions LLC purchased a new position in shares of Linde in the 4th quarter worth approximately $34,000. Capital Performance Advisors LLP purchased a new position in shares of Linde in the 3rd quarter worth approximately $43,000. Finally, Kozak & Associates Inc. grew its position 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 worth $40,000 after buying an additional 27 shares during the last quarter. Hedge funds and other institutional investors own 82.80% of the company’s stock.

Insider Buying and Selling

In related news, Director Paula Rosput Reynolds purchased 100 shares of the business’s 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 acquisition, the director now owns 233 shares in the company, valued at $102,832.22. The trade was a 75.19 % increase in their ownership of the stock. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. 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 transaction of $963,388.30. Following the sale, the vice president now directly owns 25,926 shares of the company’s stock, valued at $11,260,958.10. The trade was a 7.88 % decrease in their position. The disclosure for this sale can be found here. In the last quarter, insiders sold 9,503 shares of company stock valued at $4,306,843. 0.60% of the stock is owned by corporate insiders.

Wall Street Analysts Forecast Growth

A number of research analysts have recently issued reports on LIN shares. Citigroup cut their price objective on shares of Linde from $490.00 to $480.00 and set a “neutral” rating on the stock in a research report on Wednesday, December 18th. BMO Capital Markets lifted their target price 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. TD Cowen upgraded shares of Linde from a “hold” rating to a “buy” rating and lifted their target price for the stock from $480.00 to $515.00 in a research note on Monday, January 13th. Mizuho lifted their target price on shares of Linde from $520.00 to $530.00 and gave the stock an “outperform” rating in a research note on Friday, November 1st. Finally, Deutsche Bank Aktiengesellschaft lifted their target price on shares of Linde from $510.00 to $515.00 and gave the stock a “buy” rating in a research note on Friday, November 1st. Four investment analysts have rated the stock with a hold rating and nine have assigned a buy rating to the company’s stock. Based on data from MarketBeat, Linde presently has a consensus rating of “Moderate Buy” and an average price target of $501.82.

Linde Stock Performance

LIN opened at $462.07 on Thursday. The company has a debt-to-equity ratio of 0.39, a current ratio of 0.89 and a quick ratio of 0.76. The firm has a fifty day moving average price of $435.96 and a 200 day moving average price of $454.18. Linde plc has a 1 year low of $410.69 and a 1 year high of $487.49. The stock has a market cap of $220.02 billion, a P/E ratio of 33.95, a P/E/G ratio of 3.05 and a beta of 0.94.

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

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.