SVB Wealth LLC Purchases 84 Shares of Linde plc (NASDAQ:LIN)

SVB Wealth LLC boosted its position in shares of Linde plc (NASDAQ:LIN) by 2.5% during the 1st quarter, according to its most recent 13F filing with the SEC. The fund owned 3,460 shares of the basic materials company’s stock after purchasing an additional 84 shares during the quarter. SVB Wealth LLC’s holdings in Linde were worth $1,606,000 at the end of the most recent reporting period.

Several other large investors have also bought and sold shares of the company. Retirement Group LLC purchased a new stake in shares of Linde during the 1st quarter valued at about $25,000. First Pacific Financial bought a new stake in shares of Linde in the first quarter worth $30,000. Scarborough Advisors LLC purchased a new stake in Linde during the fourth quarter valued at $30,000. Johnson Financial Group Inc. boosted its position in Linde by 44.4% in the fourth quarter. Johnson Financial Group Inc. now owns 78 shares of the basic materials company’s stock worth $32,000 after purchasing an additional 24 shares during the last quarter. Finally, Addison Advisors LLC grew its stake in shares of Linde by 310.0% during the 4th quarter. Addison Advisors LLC now owns 82 shares of the basic materials company’s stock valued at $34,000 after purchasing an additional 62 shares during the period. 82.80% of the stock is owned by hedge funds and other institutional investors.

Linde Trading Up 1.1 %

Shares of NASDAQ LIN traded up $4.74 during trading on Tuesday, hitting $454.70. 199,852 shares of the company were exchanged, compared to its average volume of 1,971,199. The company has a debt-to-equity ratio of 0.38, a quick ratio of 0.76 and a current ratio of 0.91. The firm has a market capitalization of $218.57 billion, a PE ratio of 34.91, a P/E/G ratio of 2.85 and a beta of 0.94. The company has a fifty day moving average price of $437.86 and a 200-day moving average price of $438.69. Linde plc has a 12-month low of $361.02 and a 12-month high of $477.71.

Linde (NASDAQ:LIN) last issued its quarterly earnings data on Thursday, May 2nd. The basic materials company reported $3.75 EPS for the quarter, topping the consensus estimate of $3.68 by $0.07. Linde had a net margin of 19.26% and a return on equity of 17.49%. The firm had revenue of $8.10 billion for the quarter, compared to analyst estimates of $8.38 billion. During the same period in the prior year, the business posted $3.42 EPS. The business’s revenue for the quarter was down 1.1% compared to the same quarter last year. As a group, equities research analysts expect that Linde plc will post 15.49 EPS for the current year.

Analyst Ratings Changes

A number of equities research analysts have recently issued reports on LIN shares. HSBC cut their price objective on shares of Linde from $458.00 to $452.00 and set a “buy” rating for the company in a research report on Monday, May 6th. Wells Fargo & Company lifted their price objective on Linde from $480.00 to $540.00 and gave the company an “overweight” rating in a research report on Thursday, April 11th. BMO Capital Markets reduced their target price on shares of Linde from $510.00 to $475.00 and set an “outperform” rating for the company in a report on Monday, May 6th. Citigroup lifted their price target on shares of Linde from $470.00 to $480.00 and gave the company a “neutral” rating in a report on Friday, July 12th. Finally, UBS Group reduced their price objective on shares of Linde from $490.00 to $475.00 and set a “neutral” rating for the company in a research note on Tuesday, July 9th. Six equities research analysts have rated the stock with a hold rating and six have assigned a buy rating to the stock. According to data from MarketBeat.com, Linde currently has an average rating of “Moderate Buy” and a consensus target price of $470.10.

About Linde

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.