Wrapmanager Inc. Has $709,000 Holdings in Linde plc (NASDAQ:LIN)

Wrapmanager Inc. grew its stake in Linde plc (NASDAQ:LIN) by 1.3% in the fourth quarter, HoldingsChannel reports. The fund owned 1,693 shares of the basic materials company’s stock after acquiring an additional 22 shares during the period. Wrapmanager Inc.’s holdings in Linde were worth $709,000 at the end of the most recent reporting period.

A number of other large investors also recently modified their holdings of LIN. Synergy Asset Management LLC bought a new position in Linde in the fourth quarter valued at about $25,000. Strategic Financial Concepts LLC bought a new position in Linde in the fourth quarter valued at approximately $28,000. Global Wealth Strategies & Associates grew its stake in shares of Linde by 144.8% during the fourth quarter. Global Wealth Strategies & Associates now owns 71 shares of the basic materials company’s stock worth $30,000 after purchasing an additional 42 shares during the period. Retirement Wealth Solutions LLC acquired a new position in shares of Linde during the 4th quarter worth about $34,000. Finally, Kozak & Associates Inc. increased its stake 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 valued at $40,000 after acquiring an additional 27 shares during the last quarter. 82.80% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

LIN has been the topic of several recent analyst reports. 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 research note on Friday, November 1st. Erste Group Bank reiterated a “hold” rating on shares of Linde in a report on Tuesday, November 19th. Citigroup lowered their price target on Linde from $490.00 to $480.00 and set a “neutral” rating for the company in a report on Wednesday, December 18th. Mizuho lifted their price objective on Linde from $520.00 to $530.00 and gave the company an “outperform” rating in a report on Friday, November 1st. Finally, 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. Four 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.com, Linde currently has an average rating of “Moderate Buy” and an average target price of $501.82.

Linde Stock Performance

Shares of NASDAQ LIN opened at $458.53 on Tuesday. The stock has a market capitalization of $218.33 billion, a PE ratio of 33.69, a price-to-earnings-growth ratio of 3.08 and a beta of 0.94. Linde plc has a 52 week low of $410.69 and a 52 week high of $487.49. The stock has a 50 day moving average price of $437.49 and a 200 day moving average price of $454.56. The company has a debt-to-equity ratio of 0.39, a quick ratio of 0.76 and a current ratio of 0.89.

Linde (NASDAQ:LIN) last released its earnings results on Thursday, February 6th. The basic materials company reported $3.97 earnings per share 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%. Analysts predict that Linde plc will post 16.54 earnings per share for the current fiscal year.

Insider Activity

In related news, VP Guillermo Bichara sold 4,385 shares of the stock in a transaction on Wednesday, December 4th. The stock was sold at an average price of $460.73, for a total value of $2,020,301.05. Following the sale, the vice president now owns 22,776 shares in the company, valued at approximately $10,493,586.48. This represents a 16.14 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director Robert L. Wood sold 2,900 shares of Linde 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 of the company’s stock, valued at approximately $6,393,571.38. This trade represents a 17.15 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 16,285 shares of company stock valued at $7,423,986. 0.60% of the stock is owned by company insiders.

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.