BankPlus Trust Department Makes New $139,000 Investment in Linde plc (NASDAQ:LIN)

BankPlus Trust Department purchased a new position in Linde plc (NASDAQ:LIN) in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm purchased 332 shares of the basic materials company’s stock, valued at approximately $139,000.

A number of other institutional investors and hedge funds have also recently modified their holdings of the company. Geode Capital Management LLC lifted its holdings in shares of Linde by 1.4% during the third 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 during the period. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC lifted its holdings in shares of Linde by 372.8% during the third 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 worth $1,567,958,000 after purchasing an additional 2,592,682 shares during the period. Charles Schwab Investment Management Inc. raised its position in Linde by 1.7% during the third 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 acquiring an additional 50,882 shares in the last quarter. Impax Asset Management Group plc raised its position 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 valued at $1,130,986,000 after acquiring an additional 56,775 shares in the last quarter. Finally, Nordea Investment Management AB raised 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 acquiring an additional 46,843 shares in the last quarter. Institutional investors and hedge funds own 82.80% of the company’s stock.

Wall Street Analysts Forecast Growth

Several research analysts recently weighed in on LIN shares. Erste Group Bank reiterated a “hold” rating on shares of Linde in a research report on Tuesday, November 19th. Deutsche Bank Aktiengesellschaft lifted their price target on Linde from $510.00 to $515.00 and gave the company 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 target for the company from $480.00 to $515.00 in a research report on Monday, January 13th. Mizuho lifted their price target on Linde from $520.00 to $530.00 and gave the company an “outperform” rating in a research report on Friday, November 1st. Finally, Citigroup reduced their price target on Linde from $490.00 to $480.00 and set a “neutral” rating for the company in a research report on Wednesday, December 18th. Four investment analysts have rated the stock with a hold rating and nine have issued a buy rating to the company. According to MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $501.82.

Linde Stock Up 0.1 %

Shares of LIN opened at $458.53 on Tuesday. 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 plc has a one year low of $410.69 and a one year high of $487.49. The stock has a market capitalization of $218.33 billion, a price-to-earnings ratio of 33.69, a PEG ratio of 3.08 and a beta of 0.94. The stock has a 50 day moving average price of $437.49 and a 200 day moving average price of $454.56.

Linde (NASDAQ:LIN) last issued its quarterly earnings results on Thursday, February 6th. The basic materials company reported $3.97 EPS for the quarter, topping 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 research analysts forecast that Linde plc will post 16.54 earnings per share for the current fiscal year.

Insider Buying and Selling

In other Linde news, 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 transaction of $963,388.30. Following the transaction, the vice president now owns 25,926 shares of the company’s stock, valued at approximately $11,260,958.10. The trade was a 7.88 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, VP Guillermo Bichara sold 4,385 shares of the business’s 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 transaction, the vice president now directly owns 22,776 shares in the company, valued at $10,493,586.48. This trade represents a 16.14 % decrease in their position. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 16,285 shares of company stock worth $7,423,986. 0.60% of the stock is owned by corporate insiders.

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.