Freedom Day Solutions LLC Purchases 210 Shares of Linde plc (NASDAQ:LIN)

Freedom Day Solutions LLC grew its position in shares of Linde plc (NASDAQ:LIN) by 3.9% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 5,567 shares of the basic materials company’s stock after acquiring an additional 210 shares during the quarter. Freedom Day Solutions LLC’s holdings in Linde were worth $2,330,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds and other institutional investors have also recently modified their holdings of LIN. AMF Tjanstepension AB grew its holdings in Linde by 108.7% during the third quarter. AMF Tjanstepension AB now owns 784,477 shares of the basic materials company’s stock worth $374,086,000 after buying an additional 408,659 shares in the last quarter. Howard Capital Management Group LLC bought a new stake in Linde during the third quarter worth $252,000. Raleigh Capital Management Inc. grew its holdings in Linde by 8.9% during the third quarter. Raleigh Capital Management Inc. now owns 737 shares of the basic materials company’s stock worth $351,000 after buying an additional 60 shares in the last quarter. Sequoia Financial Advisors LLC grew its holdings in Linde by 6.8% during the third quarter. Sequoia Financial Advisors LLC now owns 11,572 shares of the basic materials company’s stock worth $5,518,000 after buying an additional 735 shares in the last quarter. Finally, BLB&B Advisors LLC grew its holdings in Linde by 1.7% during the third quarter. BLB&B Advisors LLC now owns 17,477 shares of the basic materials company’s stock worth $8,334,000 after buying an additional 297 shares in the last quarter. Institutional investors own 82.80% of the company’s stock.

Insider Buying and Selling

In related news, Director Robert L. Wood sold 2,900 shares of the stock in a transaction dated Monday, February 10th. The stock was sold at an average price of $456.26, for a total transaction of $1,323,154.00. Following the sale, the director now owns 14,013 shares of the company’s stock, valued at approximately $6,393,571.38. This represents a 17.15 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, Director Paula Rosput Reynolds acquired 100 shares of the company’s stock in a transaction that occurred on Thursday, December 12th. The shares were bought at an average cost of $441.34 per share, for a total transaction of $44,134.00. Following the acquisition, the director now directly owns 233 shares in the company, valued at $102,832.22. This represents a 75.19 % increase in their position. The disclosure for this purchase can be found here. In the last quarter, insiders have sold 9,503 shares of company stock valued at $4,306,843. Corporate insiders own 0.60% of the company’s stock.

Wall Street Analysts Forecast Growth

Several equities research analysts recently issued reports on LIN shares. BMO Capital Markets upped their price target 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 restated a “hold” rating on shares of Linde in a research note on Tuesday, November 19th. Mizuho upped their price objective 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 upgraded Linde from a “hold” rating to a “buy” rating and upped their price objective for the company from $480.00 to $515.00 in a research note on Monday, January 13th. Finally, Deutsche Bank Aktiengesellschaft upped their price objective 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 given a buy rating to the stock. According to MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus target price of $501.82.

Linde Stock Down 0.8 %

Shares of NASDAQ LIN opened at $462.07 on Thursday. Linde plc has a one year low of $410.69 and a one year high of $487.49. The company has a debt-to-equity ratio of 0.39, a current ratio of 0.89 and a quick ratio of 0.76. The business’s fifty day moving average price is $435.96 and its 200-day moving average price is $454.18. The stock has a market capitalization of $220.02 billion, a PE ratio of 33.95, a P/E/G ratio of 3.05 and a beta of 0.94.

Linde (NASDAQ:LIN) last issued its quarterly earnings results on Thursday, February 6th. The basic materials company reported $3.97 EPS for the quarter, beating analysts’ consensus estimates of $3.93 by $0.04. Linde had a return on equity of 18.71% and a net margin of 19.89%. On average, equities research analysts anticipate that Linde plc will post 16.54 EPS for the current 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.