Linde PLC $LIN Shares Acquired by Wilkinson Global Asset Management LLC

Wilkinson Global Asset Management LLC increased its holdings in shares of Linde PLC (NASDAQ:LIN) by 5.1% in the third quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 116,934 shares of the basic materials company’s stock after purchasing an additional 5,645 shares during the quarter. Linde accounts for about 3.5% of Wilkinson Global Asset Management LLC’s investment portfolio, making the stock its 11th largest holding. Wilkinson Global Asset Management LLC’s holdings in Linde were worth $55,544,000 at the end of the most recent quarter.

Several other institutional investors also recently bought and sold shares of LIN. Money Concepts Capital Corp increased its holdings in Linde by 14.0% in the 3rd quarter. Money Concepts Capital Corp now owns 1,278 shares of the basic materials company’s stock valued at $607,000 after purchasing an additional 157 shares in the last quarter. Guerra Advisors Inc purchased a new position in Linde in the 3rd quarter worth approximately $30,000. Nicholson Wealth Management Group LLC grew its position in Linde by 2.2% in the third quarter. Nicholson Wealth Management Group LLC now owns 4,135 shares of the basic materials company’s stock valued at $1,964,000 after acquiring an additional 90 shares in the last quarter. Greykasell Wealth Strategies Inc. lifted its position in shares of Linde by 12.6% during the third quarter. Greykasell Wealth Strategies Inc. now owns 510 shares of the basic materials company’s stock worth $242,000 after purchasing an additional 57 shares in the last quarter. Finally, Bridges Investment Management Inc. boosted its stake in shares of Linde by 1.2% in the third quarter. Bridges Investment Management Inc. now owns 52,906 shares of the basic materials company’s stock valued at $25,130,000 after purchasing an additional 608 shares during the period. 82.80% of the stock is currently owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

LIN has been the topic of a number of recent analyst reports. Mizuho set a $495.00 price objective on shares of Linde in a research report on Thursday, December 11th. Weiss Ratings reissued a “hold (c+)” rating on shares of Linde in a research report on Monday, December 29th. CICC Research started coverage on shares of Linde in a report on Wednesday, December 3rd. They issued an “outperform” rating and a $510.00 price target on the stock. Royal Bank Of Canada dropped their target price on shares of Linde from $540.00 to $490.00 and set an “outperform” rating for the company in a research report on Friday, December 12th. Finally, JPMorgan Chase & Co. decreased their price target on Linde from $475.00 to $455.00 and set an “overweight” rating for the company in a research note on Monday, November 3rd. One analyst has rated the stock with a Strong Buy rating, six have given a Buy rating and one has given a Hold rating to the stock. According to MarketBeat.com, the company has an average rating of “Buy” and a consensus target price of $501.75.

Linde Stock Up 0.4%

Linde stock opened at $456.97 on Monday. The firm has a market capitalization of $213.38 billion, a P/E ratio of 30.61, a P/E/G ratio of 3.20 and a beta of 0.84. The company has a 50-day simple moving average of $425.82 and a 200-day simple moving average of $447.74. Linde PLC has a one year low of $387.78 and a one year high of $486.38. The company has a debt-to-equity ratio of 0.46, a quick ratio of 0.69 and a current ratio of 0.82.

Linde (NASDAQ:LIN) last released its quarterly earnings results on Friday, October 31st. The basic materials company reported $4.21 earnings per share for the quarter, beating analysts’ consensus estimates of $4.18 by $0.03. The company had revenue of $8.62 billion for the quarter, compared to analysts’ expectations of $8.62 billion. Linde had a return on equity of 19.38% and a net margin of 21.17%.The business’s revenue for the quarter was up 2.9% compared to the same quarter last year. During the same quarter in the previous year, the company posted $3.94 earnings per share. As a group, equities analysts expect that Linde PLC will post 16.54 earnings per share for the current year.

About Linde

Linde (NASDAQ: LIN) is a multinational industrial gases and engineering company that supplies gases, related technologies and services to a wide range of industries. The company traces its current form to the 2018 combination of Germany’s Linde AG and U.S.-based Praxair, creating one of the largest global providers of industrial, specialty and medical gases. Linde’s business model centers on production, processing and distribution of gases as well as the design and construction of the plants and equipment needed to produce them.

Core products and services include atmospheric and process gases such as oxygen, nitrogen and argon; hydrogen and helium; carbon dioxide; and a portfolio of higher‑value specialty and electronic gases.