Endurance Wealth Management Inc. increased its stake in Linde PLC (NYSE:LIN) by 11.9% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 649 shares of the basic materials company’s stock after acquiring an additional 69 shares during the period. Endurance Wealth Management Inc.’s holdings in Linde were worth $138,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors also recently made changes to their positions in LIN. Moors & Cabot Inc. increased its holdings in Linde by 3.5% in the third quarter. Moors & Cabot Inc. now owns 1,730 shares of the basic materials company’s stock valued at $336,000 after buying an additional 58 shares during the last quarter. Regal Wealth Group Inc. increased its holdings in Linde by 9.8% in the third quarter. Regal Wealth Group Inc. now owns 720 shares of the basic materials company’s stock valued at $112,000 after buying an additional 64 shares during the last quarter. Allworth Financial LP increased its holdings in Linde by 22.0% in the third quarter. Allworth Financial LP now owns 372 shares of the basic materials company’s stock valued at $72,000 after buying an additional 67 shares during the last quarter. Mosaic Family Wealth LLC increased its holdings in Linde by 7.1% in the third quarter. Mosaic Family Wealth LLC now owns 1,193 shares of the basic materials company’s stock valued at $231,000 after buying an additional 79 shares during the last quarter. Finally, CENTRAL TRUST Co increased its holdings in Linde by 2.6% in the third quarter. CENTRAL TRUST Co now owns 3,248 shares of the basic materials company’s stock valued at $629,000 after buying an additional 83 shares during the last quarter. Institutional investors and hedge funds own 73.29% of the company’s stock.

NYSE LIN opened at $209.96 on Wednesday. The company has a debt-to-equity ratio of 0.21, a current ratio of 0.90 and a quick ratio of 0.75. Linde PLC has a 52-week low of $156.21 and a 52-week high of $214.45. The business’s 50-day moving average price is $208.23 and its 200 day moving average price is $198.68.

Linde (NYSE:LIN) last released its quarterly earnings results on Tuesday, November 12th. The basic materials company reported $1.94 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $1.78 by $0.16. Linde had a return on equity of 10.68% and a net margin of 17.59%. The firm had revenue of $7 billion for the quarter, compared to analyst estimates of $7.14 billion. On average, equities analysts forecast that Linde PLC will post 7.3 EPS for the current year.

The business also recently declared a dividend, which was paid on Tuesday, December 17th. Investors of record on Tuesday, December 3rd were issued a dividend of $0.875 per share. The ex-dividend date was Monday, December 2nd.

LIN has been the topic of several research reports. Pareto Securities raised Linde to a “hold” rating in a report on Tuesday, December 10th. Wells Fargo & Co initiated coverage on Linde in a report on Tuesday, October 15th. They set an “outperform” rating and a $223.00 price objective on the stock. UBS Group raised their price objective on Linde from $220.00 to $240.00 and gave the stock a “buy” rating in a report on Tuesday, December 17th. BMO Capital Markets raised their price objective on Linde from $218.00 to $230.00 and gave the stock an “outperform” rating in a report on Monday, December 2nd. Finally, Barclays raised their price target on Linde from $210.00 to $230.00 and gave the stock an “equal weight” rating in a report on Wednesday, November 13th. Two investment analysts have rated the stock with a sell rating, four have given a hold rating and twelve have given a buy rating to the company’s stock. Linde has an average rating of “Buy” and an average target price of $215.24.

In related news, EVP Anne K. Roby sold 1,583 shares of the firm’s stock in a transaction dated Monday, November 18th. The shares were sold at an average price of $209.71, for a total value of $331,970.93. Following the completion of the sale, the executive vice president now owns 27,218 shares in the company, valued at $5,707,886.78. The sale was disclosed in a legal filing with the SEC, which is available through the SEC website. Also, EVP Anne K. Roby sold 2,402 shares of the firm’s stock in a transaction dated Friday, December 20th. The shares were sold at an average price of $212.17, for a total transaction of $509,632.34. Following the completion of the sale, the executive vice president now owns 36,433 shares of the company’s stock, valued at approximately $7,729,989.61. The disclosure for this sale can be found here. Company insiders own 0.70% of the company’s stock.

About Linde

Linde plc operates as an industrial gas company in primarily North and South America, Europe, the Middle East, Africa, the Asia Pacific, and South Korea. The company offers oxygen, nitrogen, argon, rare gases, carbon monoxide, carbon dioxide, helium, hydrogen, electronic gases, specialty gases, and acetylene.

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Institutional Ownership by Quarter for Linde (NYSE:LIN)

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