Linde plc (NASDAQ:LIN) Stock Holdings Lessened by Northstar Asset Management Inc.

Northstar Asset Management Inc. cut its holdings in Linde plc (NASDAQ:LIN) by 3.5% in the fourth quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 39,484 shares of the basic materials company’s stock after selling 1,419 shares during the quarter. Linde accounts for approximately 4.3% of Northstar Asset Management Inc.’s investment portfolio, making the stock its 7th largest position. Northstar Asset Management Inc.’s holdings in Linde were worth $16,531,000 at the end of the most recent quarter.

Several other large investors also recently bought and sold shares of LIN. Synergy Asset Management LLC purchased a new position in shares of Linde in the 4th quarter worth $25,000. Strategic Financial Concepts LLC purchased a new position in Linde in the fourth quarter worth about $28,000. Global Wealth Strategies & Associates increased its stake in Linde by 144.8% during the fourth quarter. Global Wealth Strategies & Associates now owns 71 shares of the basic materials company’s stock worth $30,000 after acquiring an additional 42 shares during the last quarter. Retirement Wealth Solutions LLC purchased a new stake in Linde during the fourth quarter valued at approximately $34,000. Finally, Kozak & Associates Inc. lifted its stake in shares of Linde by 38.6% in the 4th quarter. Kozak & Associates Inc. now owns 97 shares of the basic materials company’s stock valued at $40,000 after purchasing an additional 27 shares during the last quarter. Institutional investors own 82.80% of the company’s stock.

Insiders Place Their Bets

In other Linde news, Director Robert L. Wood sold 2,900 shares of the stock in a transaction dated Monday, February 10th. The shares were sold at an average price of $456.26, for a total transaction of $1,323,154.00. Following the completion of the sale, the director now directly owns 14,013 shares of the company’s stock, valued at approximately $6,393,571.38. This represents a 17.15 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Also, VP Guillermo Bichara sold 4,385 shares of Linde stock in a transaction that occurred on 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 completion of 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 position. The disclosure for this sale can be found here. Insiders sold a total of 9,503 shares of company stock worth $4,306,843 over the last 90 days. Company insiders own 0.60% of the company’s stock.

Analysts Set New Price Targets

Several equities analysts have recently weighed in on LIN shares. Erste Group Bank reissued a “hold” rating on shares of Linde in a research report on Tuesday, November 19th. TD Cowen upgraded shares of Linde from a “hold” rating to a “buy” rating and boosted their price objective for the company from $480.00 to $515.00 in a research report on Monday, January 13th. BMO Capital Markets raised their target price on shares of Linde from $477.00 to $507.00 and gave the stock an “outperform” rating in a report on Friday, November 1st. Deutsche Bank Aktiengesellschaft upped their price target on shares of Linde from $510.00 to $515.00 and gave the company a “buy” rating in a report on Friday, November 1st. Finally, Mizuho raised their price objective on shares of Linde from $520.00 to $530.00 and gave the stock 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 issued a buy rating to the company. According to MarketBeat.com, Linde currently has an average rating of “Moderate Buy” and a consensus target price of $501.82.

Linde Stock Down 0.9 %

Shares of NASDAQ LIN opened at $457.00 on Tuesday. The stock has a 50 day moving average price of $434.82 and a 200 day moving average price of $454.01. The firm has a market capitalization of $217.61 billion, a price-to-earnings ratio of 33.58, a PEG ratio of 2.89 and a beta of 0.94. Linde plc has a 52-week low of $410.69 and a 52-week high of $487.49. The company has a debt-to-equity ratio of 0.39, a quick ratio of 0.81 and a current ratio of 0.89.

Linde (NASDAQ:LIN) last posted its quarterly earnings results on Thursday, February 6th. The basic materials company reported $3.97 EPS for the quarter, beating the consensus estimate of $3.93 by $0.04. Linde had a net margin of 19.89% and a return on equity of 18.71%. Sell-side analysts expect that Linde plc will post 16.55 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.