Wealth Alliance Sells 136 Shares of Linde plc (NASDAQ:LIN)

Wealth Alliance cut its stake in shares of Linde plc (NASDAQ:LIN) by 3.4% in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 3,830 shares of the basic materials company’s stock after selling 136 shares during the quarter. Wealth Alliance’s holdings in Linde were worth $1,604,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other large investors have also recently made changes to their positions in the business. Concord Asset Management LLC VA raised its stake in shares of Linde by 0.5% during the fourth quarter. Concord Asset Management LLC VA now owns 4,774 shares of the basic materials company’s stock worth $1,999,000 after acquiring an additional 23 shares in the last quarter. Salomon & Ludwin LLC raised its stake in shares of Linde by 14.3% during the third quarter. Salomon & Ludwin LLC now owns 192 shares of the basic materials company’s stock worth $92,000 after acquiring an additional 24 shares in the last quarter. Fourpath Capital Management LLC raised its stake in shares of Linde by 0.6% during the fourth quarter. Fourpath Capital Management LLC now owns 4,138 shares of the basic materials company’s stock worth $1,732,000 after acquiring an additional 24 shares in the last quarter. Greystone Financial Group LLC raised its stake in shares of Linde by 1.3% during the third quarter. Greystone Financial Group LLC now owns 2,013 shares of the basic materials company’s stock worth $960,000 after acquiring an additional 25 shares in the last quarter. Finally, Romano Brothers AND Company raised its stake in shares of Linde by 1.3% during the fourth quarter. Romano Brothers AND Company now owns 2,009 shares of the basic materials company’s stock worth $841,000 after acquiring an additional 25 shares in the last quarter. 82.80% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

Several research analysts have commented on LIN shares. Deutsche Bank Aktiengesellschaft lifted their price target on shares of Linde from $510.00 to $515.00 and gave the stock a “buy” rating in a research note on Friday, November 1st. BMO Capital Markets lifted their target price on shares of Linde from $477.00 to $507.00 and gave the stock an “outperform” rating in a research note on Friday, November 1st. Erste Group Bank reaffirmed a “hold” rating on shares of Linde in a research note on Tuesday, November 19th. Mizuho lifted their target price 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. Finally, Citigroup decreased their target price on shares of Linde from $490.00 to $480.00 and set a “neutral” rating on the stock in a research note on Wednesday, December 18th. Four investment analysts have rated the stock with a hold rating and nine have assigned a buy rating to the company. According to MarketBeat, Linde presently has a consensus rating of “Moderate Buy” and a consensus price target of $501.82.

Insider Activity

In other news, VP Guillermo Bichara sold 4,385 shares of the business’s stock in a transaction on Wednesday, December 4th. The shares were sold at an average price of $460.73, for a total transaction of $2,020,301.05. Following the sale, the vice president now 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 sale was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, Director Robert L. Wood sold 2,900 shares of the business’s stock in a transaction on 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 sale, the director now owns 14,013 shares in the company, valued at approximately $6,393,571.38. This trade represents a 17.15 % decrease in their position. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 9,503 shares of company stock worth $4,306,843. Corporate insiders own 0.60% of the company’s stock.

Linde Stock Performance

NASDAQ:LIN opened at $462.07 on Thursday. The stock has a market cap of $220.02 billion, a P/E ratio of 33.95, a price-to-earnings-growth ratio of 3.11 and a beta of 0.94. The firm’s fifty day simple moving average is $435.96 and its 200 day simple moving average is $454.18. Linde plc has a twelve month low of $410.69 and a twelve month high of $487.49. The company has a quick ratio of 0.76, a current ratio of 0.89 and a debt-to-equity ratio of 0.39.

Linde (NASDAQ:LIN) last released its quarterly earnings results on Thursday, February 6th. The basic materials company reported $3.97 earnings per share 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%. As a group, research analysts predict that Linde plc will post 16.54 EPS for the current year.

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.