Linde PLC $LIN Shares Acquired by Nichols & Pratt Advisers LLP MA

Nichols & Pratt Advisers LLP MA lifted its stake in shares of Linde PLC (NASDAQ:LIN) by 3.3% in the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 60,121 shares of the basic materials company’s stock after purchasing an additional 1,900 shares during the quarter. Linde comprises approximately 1.8% of Nichols & Pratt Advisers LLP MA’s portfolio, making the stock its 21st biggest position. Nichols & Pratt Advisers LLP MA’s holdings in Linde were worth $28,557,000 at the end of the most recent reporting period.

A number of other hedge funds have also recently added to or reduced their stakes in the company. Lord & Richards Wealth Management LLC lifted its holdings in Linde by 13.6% in the third quarter. Lord & Richards Wealth Management LLC now owns 962 shares of the basic materials company’s stock valued at $457,000 after acquiring an additional 115 shares during the period. Mission Wealth Management LP raised its position in shares of Linde by 153.7% during the 3rd quarter. Mission Wealth Management LP now owns 7,012 shares of the basic materials company’s stock worth $3,331,000 after purchasing an additional 4,248 shares during the last quarter. Wilkinson Global Asset Management LLC raised its holdings in shares of Linde by 5.1% in the third quarter. Wilkinson Global Asset Management LLC now owns 116,934 shares of the basic materials company’s stock worth $55,544,000 after acquiring an additional 5,645 shares during the last quarter. Money Concepts Capital Corp lifted 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. Finally, Guerra Advisors Inc purchased a new position in shares of Linde during the third quarter valued at approximately $30,000. Institutional investors and hedge funds own 82.80% of the company’s stock.

Analyst Ratings Changes

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

Linde Stock Up 0.7%

LIN stock opened at $460.16 on Tuesday. The firm has a market capitalization of $214.87 billion, a P/E ratio of 30.82, a P/E/G ratio of 3.20 and a beta of 0.84. The company’s 50 day simple moving average is $426.87 and its 200-day simple moving average is $447.73. The company has a debt-to-equity ratio of 0.46, a current ratio of 0.82 and a quick ratio of 0.69. Linde PLC has a 52-week low of $387.78 and a 52-week high of $486.38.

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