Autumn Glory Partners LLC Makes New Investment in Linde plc (NASDAQ:LIN)

Autumn Glory Partners LLC purchased a new position in shares of Linde plc (NASDAQ:LIN) during the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor purchased 973 shares of the basic materials company’s stock, valued at approximately $487,000.

Other hedge funds and other institutional investors have also made changes to their positions in the company. TCI Wealth Advisors Inc. acquired a new position in shares of Linde in the 3rd quarter valued at $227,000. Concord Wealth Partners increased its position in shares of Linde by 6.9% during the third quarter. Concord Wealth Partners now owns 4,529 shares of the basic materials company’s stock worth $2,160,000 after purchasing an additional 291 shares in the last quarter. Baker Tilly Wealth Management LLC lifted its holdings in shares of Linde by 17.9% in the 3rd quarter. Baker Tilly Wealth Management LLC now owns 2,593 shares of the basic materials company’s stock valued at $1,237,000 after purchasing an additional 393 shares during the last quarter. Salomon & Ludwin LLC grew its stake in Linde by 14.3% during the 3rd quarter. Salomon & Ludwin LLC now owns 192 shares of the basic materials company’s stock worth $92,000 after buying an additional 24 shares during the last quarter. Finally, Custom Index Systems LLC acquired a new position in Linde during the third quarter worth approximately $529,000. Hedge funds and other institutional investors own 82.80% of the company’s stock.

Analyst Ratings Changes

A number of analysts recently weighed in on LIN shares. JPMorgan Chase & Co. increased their price target on shares of Linde from $430.00 to $480.00 and gave the stock an “overweight” rating in a research note on Monday, August 5th. Bank of America lifted their target price on Linde from $495.00 to $516.00 and gave the company a “buy” rating in a research note on Monday, August 5th. Barclays increased their price target on Linde from $460.00 to $510.00 and gave the stock an “overweight” rating in a report on Monday, August 5th. Citigroup upped their price objective on shares of Linde from $470.00 to $480.00 and gave the stock a “neutral” rating in a research report on Friday, July 12th. Finally, UBS Group reduced their price objective on shares of Linde from $490.00 to $475.00 and set a “neutral” rating for the company in a research report on Tuesday, July 9th. Six analysts have rated the stock with a hold rating and seven have issued a buy rating to the company’s stock. Based on data from MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus target price of $484.18.

Linde Trading Up 0.5 %

Shares of LIN stock opened at $476.00 on Tuesday. Linde plc has a twelve month low of $373.69 and a twelve month high of $487.49. The company has a market capitalization of $227.29 billion, a price-to-earnings ratio of 36.23, a PEG ratio of 3.00 and a beta of 0.94. The firm has a 50-day moving average price of $472.59 and a 200 day moving average price of $451.36. The company has a current ratio of 0.95, a quick ratio of 0.80 and a debt-to-equity ratio of 0.43.

Linde (NASDAQ:LIN) last released its earnings results on Friday, August 2nd. The basic materials company reported $3.85 earnings per share for the quarter, topping the consensus estimate of $3.79 by $0.06. The firm had revenue of $8.30 billion for the quarter, compared to the consensus estimate of $8.30 billion. Linde had a return on equity of 17.92% and a net margin of 19.49%. The firm’s revenue for the quarter was up 1.2% compared to the same quarter last year. During the same period in the prior year, the business posted $3.57 earnings per share. Research analysts forecast that Linde plc will post 15.52 earnings per share for the current fiscal year.

Insider Activity

In related news, VP John Panikar sold 10,025 shares of Linde stock in a transaction on Tuesday, September 10th. The stock was sold at an average price of $462.75, for a total value of $4,639,068.75. Following the transaction, the vice president now owns 17,584 shares in the company, valued at approximately $8,136,996. This trade represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Corporate insiders own 0.60% of the company’s stock.

Linde Company 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.