Greystone Financial Group LLC Grows Stock Position in Linde plc (NASDAQ:LIN)

Greystone Financial Group LLC lifted its stake in Linde plc (NASDAQ:LIN) by 804.2% during the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund owned 18,202 shares of the basic materials company’s stock after buying an additional 16,189 shares during the quarter. Greystone Financial Group LLC’s holdings in Linde were worth $7,621,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Geode Capital Management LLC boosted its position in Linde by 1.4% in 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 purchasing an additional 154,792 shares in the last quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC lifted its stake in shares of Linde by 372.8% in the 3rd 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 valued at $1,567,958,000 after purchasing an additional 2,592,682 shares during the period. Charles Schwab Investment Management Inc. lifted its stake 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 purchasing an additional 50,882 shares during the period. Impax Asset Management Group plc boosted its holdings in Linde by 2.4% during the third 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 buying an additional 56,775 shares in the last quarter. Finally, Nordea Investment Management AB grew its position in Linde by 2.2% during 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 buying an additional 46,843 shares during the period. 82.80% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

A number of brokerages have weighed in on LIN. Deutsche Bank Aktiengesellschaft upped 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. TD Cowen raised 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. BMO Capital Markets boosted 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, Citigroup cut their price target on shares of Linde from $490.00 to $480.00 and set a “neutral” rating for the company in a report on Wednesday, December 18th. 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, the company presently has an average rating of “Moderate Buy” and an average target price of $501.82.

Linde Price Performance

Linde stock opened at $458.00 on Friday. The company has a fifty day simple moving average of $436.88 and a 200-day simple moving average of $454.33. The firm has a market capitalization of $218.08 billion, a price-to-earnings ratio of 33.65, a PEG ratio of 3.08 and a beta of 0.94. 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.

Linde (NASDAQ:LIN) last announced its quarterly earnings data 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%. On average, equities analysts anticipate that Linde plc will post 16.54 EPS for the current fiscal year.

Insider Activity

In other news, Director Robert L. Wood sold 2,900 shares of the business’s stock in a transaction dated 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 transaction, the director now owns 14,013 shares of the company’s stock, valued at approximately $6,393,571.38. The trade was a 17.15 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, Director Paula Rosput Reynolds acquired 100 shares of the company’s stock in a transaction that occurred on Thursday, December 12th. The stock was purchased at an average cost of $441.34 per share, with a total value of $44,134.00. Following the acquisition, the director now directly owns 233 shares of the company’s stock, valued at $102,832.22. This trade represents a 75.19 % increase in their position. The disclosure for this purchase can be found here. Insiders sold 16,285 shares of company stock worth $7,423,986 over the last ninety days. Corporate insiders own 0.60% of the company’s stock.

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.