Assenagon Asset Management S.A. Has $410.70 Million Stock Position in Linde PLC (NYSE:LIN)

Assenagon Asset Management S.A. boosted its stake in shares of Linde PLC (NYSE:LIN) by 535.8% in the fourth quarter, HoldingsChannel reports. The institutional investor owned 1,917,660 shares of the basic materials company’s stock after purchasing an additional 1,616,051 shares during the period. Linde comprises approximately 2.6% of Assenagon Asset Management S.A.’s holdings, making the stock its 3rd largest position. Assenagon Asset Management S.A.’s holdings in Linde were worth $410,699,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds also recently made changes to their positions in LIN. First Trust Advisors LP lifted its holdings in Linde by 450.4% during the 1st quarter. First Trust Advisors LP now owns 14,668 shares of the basic materials company’s stock valued at $2,581,000 after buying an additional 12,003 shares in the last quarter. Private Advisor Group LLC lifted its holdings in Linde by 18.8% during the 2nd quarter. Private Advisor Group LLC now owns 6,216 shares of the basic materials company’s stock valued at $1,248,000 after buying an additional 982 shares in the last quarter. Assetmark Inc. lifted its holdings in Linde by 3,476.0% during the 2nd quarter. Assetmark Inc. now owns 99,913 shares of the basic materials company’s stock valued at $20,063,000 after buying an additional 97,119 shares in the last quarter. Balyasny Asset Management LLC lifted its holdings in Linde by 6,821.2% during the 2nd quarter. Balyasny Asset Management LLC now owns 120,290 shares of the basic materials company’s stock valued at $24,154,000 after buying an additional 118,552 shares in the last quarter. Finally, Security National Bank of SO Dak lifted its holdings in Linde by 1.8% during the 2nd quarter. Security National Bank of SO Dak now owns 10,371 shares of the basic materials company’s stock valued at $2,082,000 after buying an additional 185 shares in the last quarter. Institutional investors own 73.29% of the company’s stock.

Shares of NYSE:LIN traded up $0.43 during trading hours on Friday, hitting $213.49. The company’s stock had a trading volume of 41,705 shares, compared to its average volume of 1,777,145. Linde PLC has a 52 week low of $156.21 and a 52 week high of $214.45. The company has a current ratio of 0.90, a quick ratio of 0.75 and a debt-to-equity ratio of 0.21. The firm’s fifty day moving average price is $208.48 and its 200 day moving average price is $198.81.

Linde (NYSE:LIN) last posted its quarterly earnings results on Tuesday, November 12th. The basic materials company reported $1.94 EPS for the quarter, beating the consensus estimate of $1.78 by $0.16. Linde had a net margin of 17.59% and a return on equity of 10.68%. The business had revenue of $7 billion during the quarter, compared to analyst estimates of $7.14 billion. Equities analysts anticipate that Linde PLC will post 7.3 EPS for the current fiscal year.

In other news, EVP Anne K. Roby sold 2,402 shares of Linde stock in a transaction that occurred on Friday, December 20th. The shares were sold at an average price of $212.17, for a total value of $509,632.34. Following the transaction, the executive vice president now owns 36,433 shares of the company’s stock, valued at approximately $7,729,989.61. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, EVP Anne K. Roby sold 1,583 shares of Linde stock in a transaction that occurred on Monday, November 18th. The stock was sold at an average price of $209.71, for a total transaction of $331,970.93. Following the completion of the transaction, the executive vice president now directly owns 27,218 shares in the company, valued at approximately $5,707,886.78. The disclosure for this sale can be found here. 0.70% of the stock is owned by insiders.

LIN has been the subject of several recent research reports. BMO Capital Markets boosted their price target on shares of Linde from $218.00 to $230.00 and gave the company an “outperform” rating in a report on Monday, December 2nd. ValuEngine upgraded shares of Linde from a “sell” rating to a “hold” rating in a report on Friday, January 3rd. UBS Group boosted their price target on shares of Linde from $220.00 to $240.00 and gave the company a “buy” rating in a report on Tuesday, December 17th. Pareto Securities upgraded shares of Linde to a “hold” rating in a report on Tuesday, December 10th. Finally, Atlantic Securities initiated coverage on shares of Linde in a report on Wednesday, November 27th. They issued an “overweight” rating and a $250.00 price target for the company. Two investment analysts have rated the stock with a sell rating, four have issued a hold rating and twelve have assigned a buy rating to the company’s stock. The company presently has a consensus rating of “Buy” and an average target price of $215.24.

Linde Company Profile

Linde plc operates as an industrial gas company in primarily North and South America, Europe, the Middle East, Africa, the Asia Pacific, and South Korea. The company offers oxygen, nitrogen, argon, rare gases, carbon monoxide, carbon dioxide, helium, hydrogen, electronic gases, specialty gases, and acetylene.

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Institutional Ownership by Quarter for Linde (NYSE:LIN)

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