AE Wealth Management LLC Boosts Stock Position in Linde PLC $LIN

AE Wealth Management LLC raised its holdings in Linde PLC (NASDAQ:LIN) by 14.2% during the 3rd quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 16,635 shares of the basic materials company’s stock after acquiring an additional 2,067 shares during the quarter. AE Wealth Management LLC’s holdings in Linde were worth $7,903,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors and hedge funds have also made changes to their positions in the business. Darwin Wealth Management LLC bought a new stake in Linde during the 2nd quarter valued at about $25,000. Marquette Asset Management LLC bought a new stake in shares of Linde during the third quarter valued at approximately $27,000. YANKCOM Partnership boosted its holdings in shares of Linde by 195.2% in the third quarter. YANKCOM Partnership now owns 62 shares of the basic materials company’s stock valued at $29,000 after purchasing an additional 41 shares during the period. Albion Financial Group UT increased its holdings in Linde by 87.8% during the 3rd quarter. Albion Financial Group UT now owns 77 shares of the basic materials company’s stock worth $37,000 after purchasing an additional 36 shares during the period. Finally, Howard Hughes Medical Institute bought a new stake in Linde during the 2nd quarter valued at $48,000. 82.80% of the stock is currently owned by institutional investors.

Linde Trading Up 0.4%

NASDAQ LIN opened at $456.97 on Friday. Linde PLC has a 52 week low of $387.78 and a 52 week high of $486.38. The company has a 50 day moving average price of $425.82 and a 200 day moving average price of $447.91. The company has a quick ratio of 0.69, a current ratio of 0.82 and a debt-to-equity ratio of 0.46. The firm has a market cap of $213.38 billion, a PE ratio of 30.61, a price-to-earnings-growth ratio of 3.19 and a beta of 0.85.

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

Wall Street Analysts Forecast Growth

A number of research firms have recently issued reports on LIN. Royal Bank Of Canada dropped their price target on Linde from $540.00 to $490.00 and set an “outperform” rating on the stock in a research report on Friday, December 12th. JPMorgan Chase & Co. dropped their target price on shares of Linde from $475.00 to $455.00 and set an “overweight” rating on the stock in a report on Monday, November 3rd. Mizuho set a $495.00 price target on shares of Linde in a report on Thursday, December 11th. CICC Research assumed coverage on shares of Linde in a research note on Wednesday, December 3rd. They set an “outperform” rating and a $510.00 price objective on the stock. Finally, Citigroup lifted their price objective on shares of Linde from $520.00 to $540.00 and gave the company a “buy” rating in a report on Wednesday, January 21st. One analyst has rated the stock with a Strong Buy rating, six have assigned a Buy rating and one has assigned a Hold rating to the company’s stock. According to MarketBeat, Linde currently has an average rating of “Buy” and a consensus target price of $501.75.

Linde Profile

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.