Avidian Wealth Enterprises LLC Raises Position in Linde plc (NASDAQ:LIN)

Avidian Wealth Enterprises LLC grew its holdings in shares of Linde plc (NASDAQ:LIN) by 262.7% during the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 3,232 shares of the basic materials company’s stock after purchasing an additional 2,341 shares during the quarter. Avidian Wealth Enterprises LLC’s holdings in Linde were worth $1,353,000 at the end of the most recent quarter.

A number of other large investors also recently made changes to their positions in LIN. Synergy Asset Management LLC purchased a new position in shares of Linde in the 4th quarter worth $25,000. Strategic Financial Concepts LLC purchased a new position in shares of Linde in the 4th quarter worth $28,000. Global Wealth Strategies & Associates raised its position in shares of Linde by 144.8% in the 4th 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 during the period. Kozak & Associates Inc. purchased a new position in shares of Linde in the 3rd quarter worth $34,000. Finally, Retirement Wealth Solutions LLC purchased a new position in shares of Linde in the 4th quarter worth $34,000. Hedge funds and other institutional investors own 82.80% of the company’s stock.

Wall Street Analyst Weigh In

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

Insider Activity

In related news, VP Guillermo Bichara sold 4,385 shares of Linde stock in a transaction dated 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 completion of the transaction, the vice president now directly owns 22,776 shares in the company, valued at approximately $10,493,586.48. This trade represents a 16.14 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, Director Paula Rosput Reynolds purchased 100 shares of the firm’s stock in a transaction that occurred on Thursday, December 12th. The stock was purchased at an average price of $441.34 per share, with a total value of $44,134.00. Following the completion of the purchase, the director now directly owns 233 shares of the company’s stock, valued at approximately $102,832.22. This represents a 75.19 % increase in their position. The disclosure for this purchase can be found here. Insiders sold 9,503 shares of company stock worth $4,306,843 over the last ninety days. Corporate insiders own 0.60% of the company’s stock.

Linde Stock Down 0.5 %

Shares of Linde stock opened at $458.56 on Thursday. The business has a 50-day moving average of $434.44 and a 200-day moving average of $453.86. The company has a debt-to-equity ratio of 0.39, a current ratio of 0.89 and a quick ratio of 0.81. The company has a market capitalization of $218.35 billion, a PE ratio of 33.69, a P/E/G ratio of 2.89 and a beta of 0.94. Linde plc has a 1-year low of $410.69 and a 1-year high of $487.49.

Linde (NASDAQ:LIN) last announced its earnings results on Thursday, February 6th. The basic materials company reported $3.97 earnings per share for the quarter, beating 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%. As a group, equities analysts forecast that Linde plc will post 16.55 EPS for the current fiscal 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.