Linde plc (NASDAQ:LIN) Shares Bought by Addison Advisors LLC

Addison Advisors LLC raised its holdings in Linde plc (NASDAQ:LIN) by 66.3% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 153 shares of the basic materials company’s stock after purchasing an additional 61 shares during the period. Addison Advisors LLC’s holdings in Linde were worth $64,000 at the end of the most recent quarter.

Several other institutional investors also recently bought and sold shares of LIN. Synergy Asset Management LLC acquired a new stake in shares of Linde in the fourth quarter worth approximately $25,000. Global Wealth Strategies & Associates boosted its stake in shares of Linde by 144.8% in 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 during the last quarter. Retirement Wealth Solutions LLC acquired a new stake in shares of Linde in the fourth quarter worth approximately $34,000. Capital Performance Advisors LLP acquired a new stake in shares of Linde in the third quarter worth approximately $43,000. Finally, Kozak & Associates Inc. boosted its stake in shares of Linde by 38.6% in the fourth quarter. Kozak & Associates Inc. now owns 97 shares of the basic materials company’s stock worth $40,000 after acquiring an additional 27 shares during the last quarter. 82.80% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

LIN has been the topic of a number of analyst reports. Deutsche Bank Aktiengesellschaft lifted their price objective on Linde from $510.00 to $515.00 and gave the stock a “buy” rating in a research report on Friday, November 1st. TD Cowen upgraded Linde from a “hold” rating to a “buy” rating and lifted their price objective for the stock from $480.00 to $515.00 in a research report on Monday, January 13th. Mizuho lifted their price objective on Linde from $520.00 to $530.00 and gave the stock an “outperform” rating in a research report on Friday, November 1st. BMO Capital Markets lifted their price objective on Linde from $477.00 to $507.00 and gave the stock an “outperform” rating in a research report on Friday, November 1st. Finally, Erste Group Bank reiterated a “hold” rating on shares of Linde in a research report on Tuesday, November 19th. Four analysts have rated the stock with a hold rating and nine have assigned a buy rating to the stock. Based on data from MarketBeat, Linde currently has a consensus rating of “Moderate Buy” and an average price target of $501.82.

Insider Activity at Linde

In related news, VP Juergen Nowicki sold 6,782 shares of the business’s stock in a transaction on Thursday, February 20th. The stock was sold at an average price of $459.62, for a total transaction of $3,117,142.84. Following the completion of the transaction, the vice president now directly owns 14,765 shares of the company’s stock, valued at $6,786,289.30. The trade was a 31.48 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, VP David P. Strauss sold 2,218 shares of the business’s stock in a transaction on Monday, December 16th. The stock was sold at an average price of $434.35, for a total value of $963,388.30. Following the transaction, the vice president now directly owns 25,926 shares of the company’s stock, valued at $11,260,958.10. The trade was a 7.88 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 16,285 shares of company stock worth $7,423,986. 0.60% of the stock is currently owned by company insiders.

Linde Price Performance

NASDAQ:LIN opened at $467.49 on Wednesday. Linde plc has a 52 week low of $410.69 and a 52 week high of $487.49. The company has a quick ratio of 0.76, a current ratio of 0.89 and a debt-to-equity ratio of 0.39. The company has a market capitalization of $222.60 billion, a P/E ratio of 34.35, a P/E/G ratio of 3.08 and a beta of 0.94. The stock’s fifty day moving average is $438.23 and its two-hundred day moving average is $454.70.

Linde (NASDAQ:LIN) last posted 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 return on equity of 18.71% and a net margin of 19.89%. Equities analysts expect that Linde plc will post 16.54 EPS for the current year.

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.