Mather Group LLC. Has $2.10 Million Holdings in Linde plc (NASDAQ:LIN)

Mather Group LLC. raised its position in Linde plc (NASDAQ:LIN) by 4.6% during the fourth quarter, according to its most recent filing with the SEC. The firm owned 5,017 shares of the basic materials company’s stock after purchasing an additional 221 shares during the period. Mather Group LLC.’s holdings in Linde were worth $2,100,000 as of its most recent filing with the SEC.

A number of other institutional investors also recently modified their holdings of LIN. Synergy Asset Management LLC bought a new position in shares of Linde during the 4th quarter worth approximately $25,000. Global Wealth Strategies & Associates boosted its stake in 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 acquiring an additional 42 shares in the last quarter. Kozak & Associates Inc. acquired a new stake in Linde in the third quarter worth $34,000. Retirement Wealth Solutions LLC bought a new stake in Linde in the fourth quarter valued at $34,000. Finally, Hanson & Doremus Investment Management raised its holdings in shares of Linde by 34.2% during the fourth quarter. Hanson & Doremus Investment Management now owns 98 shares of the basic materials company’s stock valued at $41,000 after purchasing an additional 25 shares during the period. 82.80% of the stock is owned by institutional investors.

Linde Stock Performance

LIN stock opened at $454.80 on Wednesday. The company has a quick ratio of 0.81, a current ratio of 0.96 and a debt-to-equity ratio of 0.43. The firm has a market cap of $216.56 billion, a PE ratio of 34.53, a P/E/G ratio of 2.77 and a beta of 0.94. The business has a 50 day moving average of $434.51 and a 200-day moving average of $453.37. Linde plc has a 12-month low of $396.07 and a 12-month high of $487.49.

Insiders Place Their Bets

In other Linde news, Director Paula Rosput Reynolds bought 100 shares of the business’s stock in a transaction on Thursday, December 12th. The stock was purchased at an average price of $441.34 per share, for a total transaction of $44,134.00. Following the completion of the transaction, 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 ownership of the stock. The acquisition was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, VP Guillermo Bichara sold 4,385 shares of the company’s stock in a transaction that occurred on Wednesday, December 4th. The shares were sold at an average price of $460.73, for a total transaction of $2,020,301.05. Following the sale, the vice president now owns 22,776 shares in the company, valued at $10,493,586.48. The trade was a 16.14 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders own 0.60% of the company’s stock.

Analyst Upgrades and Downgrades

LIN has been the topic of several recent research reports. Citigroup reduced their price objective on Linde from $490.00 to $480.00 and set a “neutral” rating for the company in a research note on Wednesday, December 18th. Mizuho lifted 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. BMO Capital Markets upped their price objective on shares of Linde from $477.00 to $507.00 and gave the stock an “outperform” rating in a report on Friday, November 1st. Deutsche Bank Aktiengesellschaft lifted their price objective on shares of Linde from $510.00 to $515.00 and gave the company a “buy” rating in a report on Friday, November 1st. Finally, TD Cowen upgraded shares of Linde from a “hold” rating to a “buy” rating and upped their target price for the stock from $480.00 to $515.00 in a report on Monday, January 13th. Four analysts have rated the stock with a hold rating and nine have assigned a buy rating to the company. According to data from MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus price target of $501.82.

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.