Mayflower Financial Advisors LLC Buys 52 Shares of Linde plc (NASDAQ:LIN)

Mayflower Financial Advisors LLC grew its stake in shares of Linde plc (NASDAQ:LIN) by 2.3% during the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 2,299 shares of the basic materials company’s stock after buying an additional 52 shares during the period. Mayflower Financial Advisors LLC’s holdings in Linde were worth $963,000 at the end of the most recent reporting period.

A number of other hedge funds also recently made changes to their positions in the stock. Creative Planning raised its position in shares of Linde by 8.5% during the 2nd quarter. Creative Planning now owns 51,633 shares of the basic materials company’s stock valued at $22,657,000 after purchasing an additional 4,036 shares during the period. Northwestern Mutual Wealth Management Co. increased its stake in Linde by 5.4% in the 2nd quarter. Northwestern Mutual Wealth Management Co. now owns 23,237 shares of the basic materials company’s stock worth $10,199,000 after buying an additional 1,199 shares in the last quarter. EP Wealth Advisors LLC raised its holdings in Linde by 5.3% during the second quarter. EP Wealth Advisors LLC now owns 2,463 shares of the basic materials company’s stock valued at $1,081,000 after acquiring an additional 124 shares during the period. 3Chopt Investment Partners LLC bought a new stake in Linde during the second quarter valued at about $205,000. Finally, Cetera Investment Advisers lifted its position in shares of Linde by 4.6% in the second quarter. Cetera Investment Advisers now owns 51,244 shares of the basic materials company’s stock valued at $22,487,000 after acquiring an additional 2,231 shares in the last quarter. 82.80% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

Several research firms have weighed in on LIN. Deutsche Bank Aktiengesellschaft upped 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. BMO Capital Markets upped their target price on shares of Linde from $477.00 to $507.00 and gave the stock an “outperform” rating in a research report on Friday, November 1st. Citigroup reduced their price target on shares of Linde from $490.00 to $480.00 and set a “neutral” rating on the stock in a report on Wednesday, December 18th. Mizuho boosted their price target on shares of Linde from $520.00 to $530.00 and gave the stock an “outperform” rating in a research note on Friday, November 1st. Finally, TD Cowen upgraded Linde from a “hold” rating to a “buy” rating and raised their price objective for the company from $480.00 to $515.00 in a research report on Monday, January 13th. Four analysts have rated the stock with a hold rating and nine have issued a buy rating to the company’s stock. According to data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $501.82.

Insider Activity at Linde

In other Linde news, VP David P. Strauss sold 2,218 shares of the company’s stock in a transaction dated Monday, December 16th. The shares were sold at an average price of $434.35, for a total value of $963,388.30. Following the transaction, the vice president now directly owns 25,926 shares in the company, valued at $11,260,958.10. This represents a 7.88 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, VP Guillermo Bichara sold 4,385 shares of Linde stock in a transaction that occurred on Wednesday, December 4th. The shares were sold at an average price of $460.73, for a total transaction of $2,020,301.05. Following the sale, the vice president now directly owns 22,776 shares of the company’s stock, valued at $10,493,586.48. This represents a 16.14 % decrease in their position. The disclosure for this sale can be found here. 0.60% of the stock is currently owned by insiders.

Linde Price Performance

NASDAQ:LIN opened at $435.51 on Wednesday. The firm has a market capitalization of $207.37 billion, a price-to-earnings ratio of 33.07, a PEG ratio of 2.74 and a beta of 0.94. The company has a debt-to-equity ratio of 0.43, a current ratio of 0.96 and a quick ratio of 0.81. The business has a 50 day simple moving average of $435.27 and a 200-day simple moving average of $453.36. Linde plc has a 1 year low of $396.07 and a 1 year high of $487.49.

Linde (NASDAQ:LIN) last released its quarterly earnings results on Thursday, October 31st. The basic materials company reported $3.94 earnings per share for the quarter, beating the consensus estimate of $3.89 by $0.05. The company had revenue of $8.36 billion for the quarter, compared to analyst estimates of $8.39 billion. Linde had a return on equity of 18.16% and a net margin of 19.33%. Linde’s quarterly revenue was up 1.9% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $3.63 EPS. Equities analysts forecast that Linde plc will post 15.45 EPS for the current year.

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.