Flossbach Von Storch SE Boosts Stock Position in Linde plc (NASDAQ:LIN)

Flossbach Von Storch SE increased its stake in Linde plc (NASDAQ:LIN) by 12.1% during the 4th quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 368,941 shares of the basic materials company’s stock after buying an additional 39,682 shares during the period. Flossbach Von Storch SE owned 0.08% of Linde worth $154,465,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds and other institutional investors have also added to or reduced their stakes in the company. Synergy Asset Management LLC bought a new position in Linde in the 4th quarter valued at approximately $25,000. Strategic Financial Concepts LLC bought a new position in shares of Linde during the 4th quarter valued at $28,000. Global Wealth Strategies & Associates lifted its holdings in shares of Linde by 144.8% during the 4th quarter. Global Wealth Strategies & Associates now owns 71 shares of the basic materials company’s stock valued at $30,000 after buying an additional 42 shares during the period. Retirement Wealth Solutions LLC bought a new position in shares of Linde during the 4th quarter valued at $34,000. Finally, Kozak & Associates Inc. raised its holdings in Linde by 38.6% in the 4th quarter. Kozak & Associates Inc. now owns 97 shares of the basic materials company’s stock worth $40,000 after purchasing an additional 27 shares during the period. 82.80% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

A number of equities analysts recently commented on the company. BMO Capital Markets raised their target price on Linde from $477.00 to $507.00 and gave the stock an “outperform” rating in a report on Friday, November 1st. Citigroup decreased their target price on Linde from $490.00 to $480.00 and set a “neutral” rating on the stock in a report on Wednesday, December 18th. Mizuho raised their target price on Linde from $520.00 to $530.00 and gave the stock an “outperform” rating in a report on Friday, November 1st. Erste Group Bank reiterated a “hold” rating on shares of Linde in a research note on Tuesday, November 19th. Finally, Deutsche Bank Aktiengesellschaft increased their price target on Linde from $510.00 to $515.00 and gave the stock a “buy” rating in a research note on Friday, November 1st. Four research 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 stock presently has an average rating of “Moderate Buy” and a consensus price target of $501.82.

Insider Activity

In related news, Director Robert L. Wood sold 2,900 shares of the business’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 value of $1,323,154.00. Following the completion of the transaction, the director now owns 14,013 shares of the company’s stock, valued at $6,393,571.38. The trade was a 17.15 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available at the SEC website. Also, Director Paula Rosput Reynolds acquired 100 shares of Linde stock in a transaction that occurred on Thursday, December 12th. The stock was acquired at an average cost of $441.34 per share, with a total value of $44,134.00. Following the purchase, the director now directly owns 233 shares of the company’s stock, valued at $102,832.22. This represents a 75.19 % increase in their ownership of the stock. The disclosure for this purchase can be found here. Over the last quarter, insiders sold 9,503 shares of company stock valued at $4,306,843. Corporate insiders own 0.60% of the company’s stock.

Linde Stock Down 0.8 %

Shares of NASDAQ:LIN opened at $462.07 on Thursday. The company has a current ratio of 0.89, a quick ratio of 0.76 and a debt-to-equity ratio of 0.39. The company has a market cap of $220.02 billion, a price-to-earnings ratio of 33.95, a PEG ratio of 3.11 and a beta of 0.94. Linde plc has a 12 month low of $410.69 and a 12 month high of $487.49. The company has a 50-day moving average price of $435.96 and a 200 day moving average price of $454.18.

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, topping 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%. As a group, equities research analysts predict that Linde plc will post 16.54 earnings per share for the current year.

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.