Valley National Advisers Inc. Increases Holdings in Linde plc (NASDAQ:LIN)

Valley National Advisers Inc. boosted its stake in Linde plc (NASDAQ:LIN) by 105.0% during the fourth quarter, Holdings Channel.com reports. The firm owned 123 shares of the basic materials company’s stock after buying an additional 63 shares during the period. Valley National Advisers Inc.’s holdings in Linde were worth $51,000 at the end of the most recent quarter.

Other large investors have also bought and sold shares of the company. Synergy Asset Management LLC bought a new stake in shares of Linde during the fourth quarter valued at approximately $25,000. Global Wealth Strategies & Associates boosted its holdings in Linde by 144.8% in the fourth quarter. Global Wealth Strategies & Associates now owns 71 shares of the basic materials company’s stock worth $30,000 after acquiring an additional 42 shares in the last quarter. Kozak & Associates Inc. purchased a new position in shares of Linde in the third quarter worth $34,000. Retirement Wealth Solutions LLC purchased a new position in shares of Linde in the fourth quarter worth $34,000. Finally, Hanson & Doremus Investment Management increased its position in Linde by 34.2% during the fourth quarter. Hanson & Doremus Investment Management now owns 98 shares of the basic materials company’s stock valued at $41,000 after acquiring an additional 25 shares during the last quarter. 82.80% of the stock is owned by hedge funds and other institutional investors.

Insider Transactions at Linde

In related news, Director Paula Rosput Reynolds acquired 100 shares of the firm’s stock in a transaction on Thursday, December 12th. The stock was bought at an average price of $441.34 per share, for a total transaction 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. The trade was a 75.19 % increase in their position. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, VP David P. Strauss sold 2,218 shares of the company’s stock in a transaction on Monday, December 16th. The shares were sold at an average price of $434.35, for a total transaction of $963,388.30. Following the completion of the transaction, the vice president now owns 25,926 shares of the company’s stock, valued at $11,260,958.10. This represents a 7.88 % decrease in their position. The disclosure for this sale can be found here. Insiders own 0.60% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of analysts recently commented on LIN shares. BMO Capital Markets upped their price objective on Linde from $477.00 to $507.00 and gave the company an “outperform” rating in a research report on Friday, November 1st. Deutsche Bank Aktiengesellschaft boosted 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. TD Cowen raised Linde from a “hold” rating to a “buy” rating and boosted their price target for the company from $480.00 to $515.00 in a report on Monday, January 13th. Erste Group Bank reissued a “hold” rating on shares of Linde in a report on Tuesday, November 19th. Finally, Mizuho upped their price objective on Linde from $520.00 to $530.00 and gave the stock an “outperform” rating in a research note on Friday, November 1st. Four research analysts have rated the stock with a hold rating and nine have assigned a buy rating to the stock. According to data from MarketBeat.com, Linde has a consensus rating of “Moderate Buy” and a consensus price target of $501.82.

Linde Trading Up 1.8 %

LIN stock opened at $454.21 on Tuesday. The company has a current ratio of 0.96, a quick ratio of 0.81 and a debt-to-equity ratio of 0.43. Linde plc has a 12-month low of $396.07 and a 12-month high of $487.49. The stock has a market cap of $216.28 billion, a price-to-earnings ratio of 34.49, a PEG ratio of 2.77 and a beta of 0.94. The business’s 50-day moving average is $434.54 and its 200 day moving average is $453.31.

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.