Linde plc (NASDAQ:LIN) Shares Purchased by Pinnacle Financial Partners Inc

Pinnacle Financial Partners Inc boosted its stake in Linde plc (NASDAQ:LIN) by 0.9% during the 4th quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm owned 25,973 shares of the basic materials company’s stock after acquiring an additional 221 shares during the period. Pinnacle Financial Partners Inc’s holdings in Linde were worth $10,944,000 as of its most recent SEC filing.

Several other institutional investors have also recently added to or reduced their stakes in the stock. Synergy Asset Management LLC acquired a new position in Linde during the 4th quarter worth approximately $25,000. Strategic Financial Concepts LLC acquired a new position in Linde during the 4th quarter worth approximately $28,000. Global Wealth Strategies & Associates increased its position in Linde by 144.8% during the 4th quarter. Global Wealth Strategies & Associates now owns 71 shares of the basic materials company’s stock worth $30,000 after purchasing an additional 42 shares during the period. Retirement Wealth Solutions LLC acquired a new position in Linde during the 4th quarter worth approximately $34,000. Finally, Kozak & Associates Inc. increased its position in Linde by 38.6% during 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. Institutional investors and hedge funds own 82.80% of the company’s stock.

Insider Transactions at Linde

In other news, VP Juergen Nowicki sold 6,782 shares of the firm’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 sale, the vice president now owns 14,765 shares in the company, valued at $6,786,289.30. This trade represents a 31.48 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, VP David P. Strauss sold 2,218 shares of the firm’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 sale, the vice president now owns 25,926 shares in the company, valued at $11,260,958.10. This trade represents a 7.88 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 16,285 shares of company stock worth $7,423,986 over the last quarter. 0.60% of the stock is currently owned by insiders.

Analysts Set New Price Targets

LIN has been the topic of several research analyst reports. BMO Capital Markets boosted their price target on Linde from $477.00 to $507.00 and gave the stock an “outperform” rating in a research note on Friday, November 1st. Erste Group Bank reissued a “hold” rating on shares of Linde in a research note on Tuesday, November 19th. Deutsche Bank Aktiengesellschaft boosted 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. Citigroup decreased their price target on Linde from $490.00 to $480.00 and set a “neutral” rating on the stock in a research note on Wednesday, December 18th. Finally, Mizuho boosted their price target on Linde from $520.00 to $530.00 and gave the stock an “outperform” rating in a research note on Friday, November 1st. Four investment analysts have rated the stock with a hold rating and nine have given a buy rating to the stock. Based on data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus price target of $501.82.

Linde Price Performance

LIN stock opened at $458.00 on Friday. Linde plc has a 1 year low of $410.69 and a 1 year high of $487.49. The company has a debt-to-equity ratio of 0.39, a quick ratio of 0.76 and a current ratio of 0.89. The stock’s 50 day moving average price is $436.88 and its 200 day moving average price is $454.39. The firm has a market cap of $218.08 billion, a P/E ratio of 33.65, a PEG ratio of 3.08 and a beta of 0.94.

Linde (NASDAQ:LIN) last posted its earnings results on Thursday, February 6th. The basic materials company reported $3.97 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $3.93 by $0.04. Linde had a return on equity of 18.71% and a net margin of 19.89%. On average, sell-side analysts expect that Linde plc will post 16.54 earnings per share for the current fiscal year.

About Linde

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.