Emerald Advisors LLC Acquires 39 Shares of Linde plc (NASDAQ:LIN)

Emerald Advisors LLC raised its holdings in shares of Linde plc (NASDAQ:LIN) by 7.5% during the fourth quarter, HoldingsChannel reports. The fund owned 559 shares of the basic materials company’s stock after purchasing an additional 39 shares during the quarter. Emerald Advisors LLC’s holdings in Linde were worth $234,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors have also recently made changes to their positions in the company. Concord Asset Management LLC VA raised its stake in shares of 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 valued at $1,999,000 after purchasing an additional 23 shares during the period. Salomon & Ludwin LLC boosted its holdings in Linde by 14.3% in the 3rd quarter. Salomon & Ludwin LLC now owns 192 shares of the basic materials company’s stock valued at $92,000 after purchasing an additional 24 shares during the period. Fourpath Capital Management LLC grew its position in shares of Linde by 0.6% during the 4th quarter. Fourpath Capital Management LLC now owns 4,138 shares of the basic materials company’s stock valued at $1,732,000 after purchasing an additional 24 shares in the last quarter. Greystone Financial Group LLC increased its holdings in shares of Linde by 1.3% in the third quarter. Greystone Financial Group LLC now owns 2,013 shares of the basic materials company’s stock worth $960,000 after purchasing an additional 25 shares during the period. Finally, Romano Brothers AND Company raised its position in shares of Linde by 1.3% in the fourth quarter. Romano Brothers AND Company now owns 2,009 shares of the basic materials company’s stock worth $841,000 after buying an additional 25 shares in the last quarter. Hedge funds and other institutional investors own 82.80% of the company’s stock.

Linde Price Performance

Shares of NASDAQ:LIN opened at $462.07 on Thursday. The company’s fifty day moving average is $435.96 and its 200 day moving average is $454.18. The company has a quick ratio of 0.76, a current ratio of 0.89 and a debt-to-equity ratio of 0.39. Linde plc has a 52 week low of $410.69 and a 52 week high of $487.49. The stock has a market cap of $220.02 billion, a PE ratio of 33.95, a PEG ratio of 3.05 and a beta of 0.94.

Linde (NASDAQ:LIN) last released 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%. Research analysts anticipate that Linde plc will post 16.54 earnings per share for the current year.

Analyst Ratings Changes

LIN has been the topic of a number of research analyst reports. Mizuho upped their target price on Linde from $520.00 to $530.00 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 upped their price objective for the stock from $480.00 to $515.00 in a research report on Monday, January 13th. Citigroup dropped their target price on shares of Linde from $490.00 to $480.00 and set a “neutral” rating for the company in a research report on Wednesday, December 18th. Erste Group Bank reissued a “hold” rating on shares of Linde in a report on Tuesday, November 19th. Finally, Deutsche Bank Aktiengesellschaft lifted their price objective on shares of Linde from $510.00 to $515.00 and gave the stock a “buy” rating in a report on Friday, November 1st. Four analysts have rated the stock with a hold rating and nine have given a buy rating to the company. According to MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average price target of $501.82.

Insider Buying and Selling at Linde

In related news, Director Robert L. Wood sold 2,900 shares of the business’s stock in a transaction dated 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 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 document filed with the Securities & Exchange Commission, which is available at this link. Also, Director Paula Rosput Reynolds acquired 100 shares of the company’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 acquisition, the director now owns 233 shares in the company, valued at approximately $102,832.22. This trade represents a 75.19 % increase in their position. The disclosure for this purchase can be found here. Over the last 90 days, insiders sold 9,503 shares of company stock worth $4,306,843. 0.60% of the stock is currently owned by insiders.

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.