Advisors Preferred LLC bought a new position in shares of Linde PLC (NASDAQ:LIN – Free Report) in the third quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund bought 15,068 shares of the basic materials company’s stock, valued at approximately $7,034,000. Linde comprises approximately 1.0% of Advisors Preferred LLC’s portfolio, making the stock its 24th biggest position.
Several other large investors have also made changes to their positions in the company. Brighton Jones LLC acquired a new position in Linde during the 4th quarter valued at about $2,752,000. Revolve Wealth Partners LLC raised its stake in shares of Linde by 14.1% during the fourth quarter. Revolve Wealth Partners LLC now owns 777 shares of the basic materials company’s stock worth $325,000 after buying an additional 96 shares during the last quarter. Sivia Capital Partners LLC lifted its holdings in Linde by 19.8% in the second quarter. Sivia Capital Partners LLC now owns 1,569 shares of the basic materials company’s stock valued at $736,000 after buying an additional 259 shares during the period. Schnieders Capital Management LLC. lifted its holdings in Linde by 19.3% in the second quarter. Schnieders Capital Management LLC. now owns 897 shares of the basic materials company’s stock valued at $421,000 after buying an additional 145 shares during the period. Finally, Exencial Wealth Advisors LLC boosted its stake in Linde by 7.3% in the second quarter. Exencial Wealth Advisors LLC now owns 891 shares of the basic materials company’s stock valued at $418,000 after acquiring an additional 61 shares during the last quarter. Institutional investors and hedge funds own 82.80% of the company’s stock.
Linde Price Performance
LIN opened at $496.51 on Friday. The stock has a market cap of $231.85 billion, a P/E ratio of 34.03, a P/E/G ratio of 3.26 and a beta of 0.84. Linde PLC has a 12 month low of $387.78 and a 12 month high of $498.35. The company has a quick ratio of 0.74, a current ratio of 0.88 and a debt-to-equity ratio of 0.52. The company has a fifty day simple moving average of $446.15 and a 200 day simple moving average of $448.34.
Insider Transactions at Linde
In other Linde news, VP Guillermo Bichara sold 9,455 shares of the firm’s stock in a transaction that occurred on Tuesday, February 17th. The shares were sold at an average price of $480.45, for a total transaction of $4,542,654.75. Following the sale, the vice president directly owned 22,138 shares in the company, valued at approximately $10,636,202.10. This trade represents a 29.93% decrease in their position. The sale was disclosed in a filing with the SEC, which is accessible through this link. Insiders own 0.70% of the company’s stock.
Analyst Upgrades and Downgrades
A number of analysts have commented on LIN shares. BMO Capital Markets reaffirmed an “outperform” rating on shares of Linde in a report on Tuesday, February 10th. Weiss Ratings upgraded Linde from a “hold (c+)” rating to a “buy (b-)” rating in a research report on Wednesday. CICC Research started coverage on Linde in a research note on Wednesday, December 3rd. They set an “outperform” rating and a $510.00 price objective for the company. Royal Bank Of Canada dropped their price objective on Linde from $540.00 to $490.00 and set an “outperform” rating for the company in a report on Friday, December 12th. Finally, Erste Group Bank raised Linde from a “hold” rating to a “strong-buy” rating in a research note on Wednesday. Two research analysts have rated the stock with a Strong Buy rating, eight have given a Buy rating and two have assigned a Hold rating to the company. According to MarketBeat.com, the stock presently has an average rating of “Buy” and a consensus price target of $508.20.
Read Our Latest Analysis on LIN
Linde Company 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.
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