Linde plc (NASDAQ:LIN) Shares Sold by Strategic Investment Advisors MI

Strategic Investment Advisors MI trimmed its position in Linde plc (NASDAQ:LIN) by 9.8% during the 4th quarter, HoldingsChannel reports. The institutional investor owned 1,950 shares of the basic materials company’s stock after selling 213 shares during the quarter. Strategic Investment Advisors MI’s holdings in Linde were worth $817,000 at the end of the most recent reporting period.

Other large investors also recently bought and sold shares of the company. Trifecta Capital Advisors LLC increased its position in shares of Linde by 16.9% during the third quarter. Trifecta Capital Advisors LLC now owns 145 shares of the basic materials company’s stock worth $69,000 after purchasing an additional 21 shares in the last quarter. Prentice Wealth Management LLC grew its holdings in shares of Linde by 1.7% during the third quarter. Prentice Wealth Management LLC now owns 1,367 shares of the basic materials company’s stock worth $652,000 after buying an additional 23 shares in the last quarter. Quotient Wealth Partners LLC raised its position in shares of Linde by 0.9% in the third quarter. Quotient Wealth Partners LLC now owns 2,706 shares of the basic materials company’s stock valued at $1,290,000 after buying an additional 23 shares during the last quarter. Regent Peak Wealth Advisors LLC lifted its stake in shares of Linde by 1.3% in the third quarter. Regent Peak Wealth Advisors LLC now owns 1,831 shares of the basic materials company’s stock worth $873,000 after buying an additional 23 shares in the last quarter. Finally, CVA Family Office LLC lifted its stake in shares of Linde by 2.9% in the third quarter. CVA Family Office LLC now owns 851 shares of the basic materials company’s stock worth $406,000 after buying an additional 24 shares in the last quarter. 82.80% of the stock is currently owned by hedge funds and other institutional investors.

Insider Activity at Linde

In related news, VP Guillermo Bichara sold 4,385 shares of the business’s stock in a transaction dated Wednesday, December 4th. The stock was sold at an average price of $460.73, for a total value of $2,020,301.05. Following the transaction, the vice president now owns 22,776 shares in the company, valued at $10,493,586.48. The trade was a 16.14 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available at the SEC website. Also, VP David P. Strauss sold 2,218 shares of the business’s stock in a transaction on Monday, December 16th. The shares were sold at an average price of $434.35, for a total transaction of $963,388.30. Following the completion of the transaction, the vice president now directly owns 25,926 shares in the company, valued at $11,260,958.10. This represents a 7.88 % decrease in their ownership of the stock. The disclosure for this sale can be found here. 0.60% of the stock is currently owned by corporate insiders.

Analyst Ratings Changes

A number of analysts have commented on the stock. TD Cowen upgraded shares of Linde from a “hold” rating to a “buy” rating and increased their price objective for the company from $480.00 to $515.00 in a report on Monday, January 13th. BMO Capital Markets increased their price target on Linde from $477.00 to $507.00 and gave the company an “outperform” rating in a report on Friday, November 1st. Erste Group Bank reissued a “hold” rating on shares of Linde in a research note on Tuesday, November 19th. Citigroup cut their target price on Linde from $490.00 to $480.00 and set a “neutral” rating for the company in a research note on Wednesday, December 18th. Finally, Mizuho boosted their price target on shares of Linde from $520.00 to $530.00 and gave the company an “outperform” rating in a research report on Friday, November 1st. Four research analysts have rated the stock with a hold rating and nine have assigned a buy rating to the company. According to data from MarketBeat, Linde presently has a consensus rating of “Moderate Buy” and an average price target of $501.82.

Linde Trading Down 0.4 %

NASDAQ LIN opened at $439.25 on Monday. The company has a debt-to-equity ratio of 0.43, a current ratio of 0.96 and a quick ratio of 0.81. The stock has a market capitalization of $209.15 billion, a P/E ratio of 33.35, a PEG ratio of 2.74 and a beta of 0.94. The firm’s 50-day moving average is $435.45 and its two-hundred day moving average is $453.20. Linde plc has a 12 month low of $396.07 and a 12 month high of $487.49.

Linde (NASDAQ:LIN) last posted its quarterly earnings data on Thursday, October 31st. The basic materials company reported $3.94 EPS for the quarter, beating the consensus estimate of $3.89 by $0.05. Linde had a net margin of 19.33% and a return on equity of 18.16%. The business had revenue of $8.36 billion during the quarter, compared to analyst estimates of $8.39 billion. During the same quarter last year, the firm posted $3.63 earnings per share. The business’s revenue for the quarter was up 1.9% compared to the same quarter last year. On average, sell-side analysts anticipate that Linde plc will post 15.45 earnings per share for the current year.

Linde Profile

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.