Ibex Wealth Advisors Has $804,000 Holdings in Linde plc (NASDAQ:LIN)

Ibex Wealth Advisors cut its stake in Linde plc (NASDAQ:LIN) by 93.5% in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 1,920 shares of the basic materials company’s stock after selling 27,742 shares during the period. Ibex Wealth Advisors’ holdings in Linde were worth $804,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors also recently bought and sold shares of LIN. Geode Capital Management LLC raised its holdings in shares of Linde by 1.4% in the 3rd quarter. Geode Capital Management LLC now owns 10,973,175 shares of the basic materials company’s stock worth $5,217,197,000 after buying an additional 154,792 shares in the last quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC grew its position in Linde by 372.8% in the third quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 3,288,088 shares of the basic materials company’s stock valued at $1,567,958,000 after acquiring an additional 2,592,682 shares during the period. Charles Schwab Investment Management Inc. raised its stake in Linde by 1.7% during the third quarter. Charles Schwab Investment Management Inc. now owns 3,015,882 shares of the basic materials company’s stock worth $1,438,154,000 after acquiring an additional 50,882 shares in the last quarter. Impax Asset Management Group plc lifted its holdings in shares of Linde by 2.4% during the third quarter. Impax Asset Management Group plc now owns 2,374,339 shares of the basic materials company’s stock valued at $1,130,986,000 after acquiring an additional 56,775 shares during the period. Finally, Nordea Investment Management AB boosted its stake in shares of Linde by 2.2% in the 4th quarter. Nordea Investment Management AB now owns 2,145,643 shares of the basic materials company’s stock valued at $898,188,000 after purchasing an additional 46,843 shares in the last quarter. 82.80% of the stock is currently owned by institutional investors and hedge funds.

Linde Trading Up 0.6 %

LIN opened at $438.32 on Thursday. Linde plc has a fifty-two week low of $396.07 and a fifty-two week high of $487.49. The company has a market cap of $208.71 billion, a price-to-earnings ratio of 33.28, a price-to-earnings-growth ratio of 2.74 and a beta of 0.94. 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 firm has a 50 day simple moving average of $435.10 and a 200 day simple moving average of $453.33.

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

Insider Transactions at Linde

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

Wall Street Analysts Forecast Growth

Several brokerages recently issued reports on LIN. Erste Group Bank reissued a “hold” rating on shares of Linde in a report on Tuesday, November 19th. Deutsche Bank Aktiengesellschaft lifted their target price on shares of Linde from $510.00 to $515.00 and gave the company a “buy” rating in a research note on Friday, November 1st. Mizuho increased their price target on Linde from $520.00 to $530.00 and gave the stock an “outperform” rating in a research report on Friday, November 1st. Citigroup reduced their price objective on Linde from $490.00 to $480.00 and set a “neutral” rating on the stock in a research note on Wednesday, December 18th. Finally, BMO Capital Markets raised their target price on Linde from $477.00 to $507.00 and gave the company an “outperform” rating in a research note on Friday, November 1st. Four investment analysts have rated the stock with a hold rating and nine have given a buy rating to the company. According to data from MarketBeat.com, Linde presently has an average rating of “Moderate Buy” and an average price target of $501.82.

Linde Company 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.