Capital Asset Advisory Services LLC Grows Holdings in Linde plc (NASDAQ:LIN)

Capital Asset Advisory Services LLC raised its position in Linde plc (NASDAQ:LIN) by 4.4% during the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 8,279 shares of the basic materials company’s stock after purchasing an additional 350 shares during the period. Capital Asset Advisory Services LLC’s holdings in Linde were worth $3,423,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Blue Trust Inc. lifted its holdings in Linde by 21.9% in the 4th quarter. Blue Trust Inc. now owns 10,539 shares of the basic materials company’s stock valued at $4,412,000 after purchasing an additional 1,896 shares in the last quarter. Drive Wealth Management LLC purchased a new position in shares of Linde during the 4th quarter worth about $204,000. Empirical Financial Services LLC d.b.a. Empirical Wealth Management lifted its holdings in shares of Linde by 13.1% during the 4th quarter. Empirical Financial Services LLC d.b.a. Empirical Wealth Management now owns 1,502 shares of the basic materials company’s stock worth $629,000 after acquiring an additional 174 shares during the period. Clarendon Private LLC purchased a new position in shares of Linde during the 4th quarter worth about $833,000. Finally, Consolidated Investment Group LLC lifted its holdings in shares of Linde by 48.0% during the 4th quarter. Consolidated Investment Group LLC now owns 7,400 shares of the basic materials company’s stock worth $3,099,000 after acquiring an additional 2,400 shares during the period. 82.80% of the stock is currently owned by hedge funds and other institutional investors.

Insider Activity at Linde

In other Linde news, VP David P. Strauss sold 2,218 shares of the stock in a transaction on Monday, December 16th. The shares were sold at an average price of $434.35, for a total transaction of $963,388.30. Following the transaction, the vice president now directly owns 25,926 shares in the company, valued at $11,260,958.10. This represents a 7.88 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this link. Also, Director Paula Rosput Reynolds acquired 100 shares of Linde stock in a transaction on Thursday, December 12th. The shares were bought at an average price of $441.34 per share, for a total transaction of $44,134.00. Following the completion of the purchase, the director now directly owns 233 shares in the company, valued at $102,832.22. The trade was a 75.19 % increase in their ownership of the stock. The disclosure for this purchase can be found here. Company insiders own 0.60% of the company’s stock.

Linde Trading Down 0.4 %

LIN opened at $439.25 on Monday. The firm’s 50 day moving average is $435.45 and its 200-day moving average is $453.20. Linde plc has a 52-week low of $396.07 and a 52-week high of $487.49. 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 capitalization of $209.15 billion, a P/E ratio of 33.35, a P/E/G ratio of 2.74 and a beta of 0.94.

Linde (NASDAQ:LIN) last released its quarterly earnings results on Thursday, October 31st. The basic materials company reported $3.94 earnings per share for the quarter, beating analysts’ consensus estimates of $3.89 by $0.05. The business had revenue of $8.36 billion during the quarter, compared to analyst estimates of $8.39 billion. Linde had a net margin of 19.33% and a return on equity of 18.16%. The business’s revenue was up 1.9% on a year-over-year basis. During the same period last year, the business earned $3.63 EPS. Analysts expect that Linde plc will post 15.45 EPS for the current fiscal year.

Analyst Ratings Changes

Several research analysts have recently weighed in on the stock. Citigroup cut their price objective on shares of Linde from $490.00 to $480.00 and set a “neutral” rating on the stock in a report on Wednesday, December 18th. Erste Group Bank reiterated a “hold” rating on shares of Linde in a report on Tuesday, November 19th. TD Cowen upgraded shares of Linde from a “hold” rating to a “buy” rating and increased their price objective for the stock from $480.00 to $515.00 in a report on Monday, January 13th. Mizuho increased their price objective on shares of Linde from $520.00 to $530.00 and gave the stock an “outperform” rating in a report on Friday, November 1st. Finally, Deutsche Bank Aktiengesellschaft increased their price objective on shares of Linde from $510.00 to $515.00 and gave the stock a “buy” rating in a report on Friday, November 1st. Four research analysts have rated the stock with a hold rating and nine have assigned a buy rating to the stock. According to MarketBeat, the company currently has a consensus 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.