Bradley Foster & Sargent Inc. CT Has $14.19 Million Position in Linde plc (NASDAQ:LIN)

Bradley Foster & Sargent Inc. CT boosted its holdings in Linde plc (NASDAQ:LIN) by 30.5% in the 4th quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor owned 33,880 shares of the basic materials company’s stock after purchasing an additional 7,928 shares during the quarter. Bradley Foster & Sargent Inc. CT’s holdings in Linde were worth $14,185,000 at the end of the most recent reporting period.

Other institutional investors have also recently bought and sold shares of the company. Geode Capital Management LLC increased its stake in Linde by 1.4% during the 3rd quarter. Geode Capital Management LLC now owns 10,973,175 shares of the basic materials company’s stock worth $5,217,197,000 after acquiring an additional 154,792 shares during the period. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC lifted its position in Linde by 372.8% during the third quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 3,288,088 shares of the basic materials company’s stock worth $1,567,958,000 after purchasing an additional 2,592,682 shares during the period. Charles Schwab Investment Management Inc. raised its position in shares of Linde by 1.7% in the 3rd quarter. Charles Schwab Investment Management Inc. now owns 3,015,882 shares of the basic materials company’s stock valued at $1,438,154,000 after buying an additional 50,882 shares in the last quarter. Impax Asset Management Group plc lifted its holdings in shares of Linde by 2.4% during the 3rd quarter. Impax Asset Management Group plc now owns 2,374,339 shares of the basic materials company’s stock worth $1,130,986,000 after acquiring an additional 56,775 shares during the period. Finally, Nordea Investment Management AB boosted its position in shares of Linde by 2.2% during the 4th quarter. Nordea Investment Management AB now owns 2,145,643 shares of the basic materials company’s stock worth $898,188,000 after acquiring an additional 46,843 shares in the last quarter. Institutional investors own 82.80% of the company’s stock.

Linde Trading Down 0.0 %

NASDAQ LIN opened at $461.90 on Friday. Linde plc has a one year low of $410.69 and a one year high of $487.49. The business’s fifty day moving average is $436.43 and its 200-day moving average is $454.23. 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 stock has a market capitalization of $219.94 billion, a price-to-earnings ratio of 33.94, a PEG ratio of 3.08 and a beta of 0.94.

Linde (NASDAQ:LIN) last posted its quarterly earnings results on Thursday, February 6th. The basic materials company reported $3.97 EPS for the quarter, topping 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%. Equities research analysts predict that Linde plc will post 16.54 EPS for the current year.

Insider Buying and Selling at Linde

In other news, VP Guillermo Bichara sold 4,385 shares of Linde stock in a transaction dated Wednesday, December 4th. The stock was sold at an average price of $460.73, for a total transaction of $2,020,301.05. Following the completion of the sale, the vice president now owns 22,776 shares in the company, valued at approximately $10,493,586.48. This trade represents a 16.14 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, Director Robert L. Wood sold 2,900 shares of the firm’s stock in a transaction that occurred 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 directly owns 14,013 shares in the company, valued at $6,393,571.38. This represents a 17.15 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 9,503 shares of company stock valued at $4,306,843 in the last 90 days. 0.60% of the stock is currently owned by company insiders.

Analyst Ratings Changes

Several equities research analysts have weighed in on the company. Citigroup cut their target price on Linde from $490.00 to $480.00 and set a “neutral” rating for the company in a research note on Wednesday, December 18th. TD Cowen upgraded shares of Linde from a “hold” rating to a “buy” rating and raised their price objective for the company from $480.00 to $515.00 in a report on Monday, January 13th. Mizuho upped their price target 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 reissued a “hold” rating on shares of Linde in a research note on Tuesday, November 19th. Finally, Deutsche Bank Aktiengesellschaft lifted their target price on Linde from $510.00 to $515.00 and gave the stock a “buy” rating in a report on Friday, November 1st. Four equities research analysts have rated the stock with a hold rating and nine have given a buy rating to the company’s stock. Based on data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus target price of $501.82.

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.