Csenge Advisory Group Has $1.52 Million Stock Position in Linde plc (NASDAQ:LIN)

Csenge Advisory Group lowered its holdings in Linde plc (NASDAQ:LIN) by 9.8% during the fourth quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 3,637 shares of the basic materials company’s stock after selling 395 shares during the quarter. Csenge Advisory Group’s holdings in Linde were worth $1,523,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Synergy Asset Management LLC acquired a new stake in Linde in the 4th quarter valued at approximately $25,000. Global Wealth Strategies & Associates grew its holdings in shares of Linde by 144.8% during the 4th quarter. Global Wealth Strategies & Associates now owns 71 shares of the basic materials company’s stock worth $30,000 after purchasing an additional 42 shares in the last quarter. Retirement Wealth Solutions LLC acquired a new stake in shares of Linde during the 4th quarter worth approximately $34,000. Capital Performance Advisors LLP acquired a new stake in shares of Linde during the 3rd quarter worth approximately $43,000. Finally, Kozak & Associates Inc. grew its holdings in shares of Linde by 38.6% during the 4th quarter. Kozak & Associates Inc. now owns 97 shares of the basic materials company’s stock worth $40,000 after purchasing an additional 27 shares in the last quarter. Institutional investors and hedge funds own 82.80% of the company’s stock.

Analyst Upgrades and Downgrades

Several analysts have recently weighed in on the company. BMO Capital Markets lifted 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. Erste Group Bank reissued a “hold” rating on shares of Linde in a report on Tuesday, November 19th. Mizuho boosted their price target on Linde from $520.00 to $530.00 and gave the company an “outperform” rating in a research note 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 research note on Monday, January 13th. Finally, Deutsche Bank Aktiengesellschaft boosted their price target on Linde from $510.00 to $515.00 and gave the company a “buy” rating in a research note on Friday, November 1st. Four research analysts have rated the stock with a hold rating and nine have issued a buy rating to the stock. According to data from MarketBeat, Linde currently has a consensus rating of “Moderate Buy” and a consensus price target of $501.82.

Insider Buying and Selling at Linde

In other news, Director Paula Rosput Reynolds bought 100 shares of the company’s stock in a transaction dated 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 transaction, the director now directly owns 233 shares in the company, valued at $102,832.22. The trade was a 75.19 % increase in their position. The acquisition was disclosed in a legal filing with the SEC, which is available at the SEC website. Also, VP Guillermo Bichara sold 4,385 shares of the business’s stock in a transaction on 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 sale, the vice president now owns 22,776 shares of the company’s stock, valued at approximately $10,493,586.48. The trade was a 16.14 % decrease in their position. The disclosure for this sale can be found here. In the last quarter, insiders sold 9,503 shares of company stock worth $4,306,843. 0.60% of the stock is currently owned by insiders.

Linde Trading Down 0.9 %

Shares of LIN opened at $457.00 on Monday. The stock has a fifty day moving average price of $434.82 and a two-hundred day moving average price of $454.01. The company has a debt-to-equity ratio of 0.39, a quick ratio of 0.81 and a current ratio of 0.89. Linde plc has a 52-week low of $410.69 and a 52-week high of $487.49. The company has a market cap of $217.61 billion, a price-to-earnings ratio of 33.58, a PEG ratio of 2.89 and a beta of 0.94.

Linde (NASDAQ:LIN) last issued its quarterly earnings data on Thursday, February 6th. The basic materials company reported $3.97 earnings per share (EPS) 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%. Analysts predict 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.