CWS Financial Advisors LLC Grows Stake in Linde plc (NASDAQ:LIN)

CWS Financial Advisors LLC boosted its position in Linde plc (NASDAQ:LIN) by 30.9% in the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 1,212 shares of the basic materials company’s stock after purchasing an additional 286 shares during the period. CWS Financial Advisors LLC’s holdings in Linde were worth $507,000 as of its most recent SEC filing.

Several other hedge funds have also recently bought and sold shares of LIN. Synergy Asset Management LLC purchased a new position in Linde during the fourth quarter worth $25,000. Strategic Financial Concepts LLC purchased a new position in Linde during the fourth quarter worth $28,000. Global Wealth Strategies & Associates increased its position in Linde by 144.8% during the fourth quarter. Global Wealth Strategies & Associates now owns 71 shares of the basic materials company’s stock worth $30,000 after buying an additional 42 shares in the last quarter. Retirement Wealth Solutions LLC purchased a new position in Linde during the fourth quarter worth $34,000. Finally, Kozak & Associates Inc. increased its position in Linde by 38.6% during the fourth quarter. Kozak & Associates Inc. now owns 97 shares of the basic materials company’s stock worth $40,000 after buying an additional 27 shares in the last quarter. 82.80% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

LIN has been the subject of several recent research reports. Deutsche Bank Aktiengesellschaft raised their price target on Linde from $510.00 to $515.00 and gave the stock a “buy” rating in a research report on Friday, November 1st. Erste Group Bank restated a “hold” rating on shares of Linde in a report on Tuesday, November 19th. Citigroup decreased their price objective on Linde from $490.00 to $480.00 and set a “neutral” rating on the stock in a report on Wednesday, December 18th. BMO Capital Markets raised their price objective on Linde from $477.00 to $507.00 and gave the stock an “outperform” rating in a report on Friday, November 1st. Finally, TD Cowen upgraded Linde from a “hold” rating to a “buy” rating and raised their price objective for the stock from $480.00 to $515.00 in a report on Monday, January 13th. Four equities research analysts have rated the stock with a hold rating and nine have assigned a buy rating to the company’s stock. According to data from MarketBeat.com, Linde has an average rating of “Moderate Buy” and a consensus target price of $501.82.

Insiders Place Their Bets

In other Linde news, VP Juergen Nowicki sold 6,782 shares of the business’s stock in a transaction dated 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 transaction, the vice president now owns 14,765 shares in the company, valued at $6,786,289.30. The trade was a 31.48 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. 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 purchase, the director now owns 233 shares of the company’s stock, valued at $102,832.22. This represents a 75.19 % increase in their ownership of the stock. The disclosure for this purchase can be found here. Insiders have sold a total of 16,285 shares of company stock worth $7,423,986 over the last quarter. 0.60% of the stock is owned by corporate insiders.

Linde Price Performance

Shares of Linde stock opened at $458.53 on Tuesday. Linde plc has a twelve month low of $410.69 and a twelve month high of $487.49. The stock has a market capitalization of $218.33 billion, a P/E ratio of 33.69, a PEG ratio of 3.08 and a beta of 0.94. The company has a current ratio of 0.89, a quick ratio of 0.76 and a debt-to-equity ratio of 0.39. The business’s fifty day moving average price is $437.49 and its 200 day moving average price is $454.56.

Linde (NASDAQ:LIN) last issued its earnings results on Thursday, February 6th. The basic materials company reported $3.97 earnings per share 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%. As a group, research analysts anticipate that Linde plc will post 16.54 earnings per share 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.