142 Shares in Linde plc (NASDAQ:LIN) Acquired by Bank of Jackson Hole Trust

Bank of Jackson Hole Trust purchased a new position in shares of Linde plc (NASDAQ:LIN) in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund purchased 142 shares of the basic materials company’s stock, valued at approximately $59,000.

A number of other institutional investors and hedge funds have also modified their holdings of the business. Concord Asset Management LLC VA raised its stake in shares of Linde by 0.5% during the fourth quarter. Concord Asset Management LLC VA now owns 4,774 shares of the basic materials company’s stock worth $1,999,000 after buying an additional 23 shares during the last quarter. Salomon & Ludwin LLC raised its stake in shares of Linde by 14.3% during the third 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. Fourpath Capital Management LLC raised its stake in shares of Linde by 0.6% during the fourth quarter. Fourpath Capital Management LLC now owns 4,138 shares of the basic materials company’s stock worth $1,732,000 after buying an additional 24 shares during the last quarter. Greystone Financial Group LLC raised its stake in shares of Linde by 1.3% during the third quarter. Greystone Financial Group LLC now owns 2,013 shares of the basic materials company’s stock worth $960,000 after buying an additional 25 shares during the last quarter. Finally, Romano Brothers AND Company raised its stake in shares of Linde by 1.3% during the fourth quarter. Romano Brothers AND Company now owns 2,009 shares of the basic materials company’s stock worth $841,000 after buying an additional 25 shares during the last quarter. 82.80% of the stock is owned by institutional investors.

Analyst Ratings Changes

Several equities research analysts have commented on LIN shares. Citigroup lowered their target price on shares of Linde from $490.00 to $480.00 and set a “neutral” rating for the company in a research note on Wednesday, December 18th. Erste Group Bank reaffirmed a “hold” rating on shares of Linde in a research note on Tuesday, November 19th. Mizuho upped their target price on shares of 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 shares of Linde from a “hold” rating to a “buy” rating and upped their target price for the company from $480.00 to $515.00 in a research note on Monday, January 13th. Finally, BMO Capital Markets upped their target price on shares of Linde from $477.00 to $507.00 and gave the company 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 issued a buy rating to the company’s stock. Based on data from MarketBeat, Linde currently has a consensus rating of “Moderate Buy” and a consensus price target of $501.82.

Linde Stock Performance

Shares of LIN opened at $462.07 on Thursday. Linde plc has a 12 month low of $410.69 and a 12 month high of $487.49. The firm has a fifty day simple moving average of $435.96 and a 200 day simple moving average of $454.18. The stock has a market capitalization of $220.02 billion, a price-to-earnings ratio of 33.95, a PEG ratio of 3.05 and a beta of 0.94. The company has a current ratio of 0.89, a quick ratio of 0.76 and a debt-to-equity ratio of 0.39.

Linde (NASDAQ:LIN) last announced its earnings results on Thursday, February 6th. The basic materials company reported $3.97 EPS for the quarter, topping the consensus estimate of $3.93 by $0.04. Linde had a net margin of 19.89% and a return on equity of 18.71%. Research analysts forecast that Linde plc will post 16.54 EPS for the current fiscal year.

Insider Buying and Selling

In other Linde news, VP David P. Strauss sold 2,218 shares of the stock in a transaction on Monday, December 16th. The shares were sold at an average price of $434.35, for a total value of $963,388.30. Following the completion of the sale, the vice president now owns 25,926 shares in the company, valued at $11,260,958.10. This trade represents a 7.88 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available through this link. Also, Director Paula Rosput Reynolds purchased 100 shares of the business’s stock in a transaction 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 purchase, the director now owns 233 shares of the company’s stock, valued at approximately $102,832.22. The trade was a 75.19 % increase in their ownership of the stock. The disclosure for this purchase can be found here. Over the last 90 days, insiders sold 9,503 shares of company stock worth $4,306,843. 0.60% of the stock is owned by insiders.

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.