Linde plc (NASDAQ:LIN) Holdings Lowered by C WorldWide Group Holding A S

C WorldWide Group Holding A S reduced its holdings in shares of Linde plc (NASDAQ:LIN) by 6.5% during the 4th quarter, according to its most recent 13F filing with the SEC. The fund owned 1,046,700 shares of the basic materials company’s stock after selling 73,200 shares during the period. Linde makes up 5.3% of C WorldWide Group Holding A S’s investment portfolio, making the stock its 6th largest holding. C WorldWide Group Holding A S owned about 0.22% of Linde worth $438,222,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors also recently bought and sold shares of LIN. World Equity Group Inc. purchased a new stake in shares of Linde in the fourth quarter valued at about $281,000. Delta Financial Group Inc. boosted its holdings in shares of Linde by 7.1% in the fourth quarter. Delta Financial Group Inc. now owns 1,504 shares of the basic materials company’s stock valued at $630,000 after acquiring an additional 100 shares in the last quarter. MONECO Advisors LLC boosted its holdings in shares of Linde by 19.0% in the fourth quarter. MONECO Advisors LLC now owns 1,090 shares of the basic materials company’s stock valued at $456,000 after acquiring an additional 174 shares in the last quarter. Howard Capital Management Inc. boosted its holdings in shares of Linde by 3,249.8% in the fourth quarter. Howard Capital Management Inc. now owns 14,471 shares of the basic materials company’s stock valued at $6,059,000 after acquiring an additional 14,039 shares in the last quarter. Finally, Wealthspire Advisors LLC boosted its holdings in shares of Linde by 5.4% in the fourth quarter. Wealthspire Advisors LLC now owns 3,209 shares of the basic materials company’s stock valued at $1,343,000 after acquiring an additional 163 shares in the last quarter. 82.80% of the stock is owned by hedge funds and other institutional investors.

Insider Buying and Selling

In other news, VP David P. Strauss sold 2,218 shares of the stock in a transaction on 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 sale, the vice president now owns 25,926 shares of the company’s stock, valued at $11,260,958.10. This represents a 7.88 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, VP Guillermo Bichara sold 4,385 shares of the stock in a transaction 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 sale, the vice president now directly owns 22,776 shares of the company’s stock, valued at $10,493,586.48. The trade was a 16.14 % decrease in their position. The disclosure for this sale can be found here. Over the last quarter, insiders sold 16,285 shares of company stock valued at $7,423,986. Insiders own 0.60% of the company’s stock.

Linde Stock Performance

Shares of LIN stock opened at $458.00 on Monday. Linde plc has a one year low of $410.69 and a one year high of $487.49. The company has a debt-to-equity ratio of 0.39, a quick ratio of 0.76 and a current ratio of 0.89. The company has a 50 day moving average price of $436.88 and a 200 day moving average price of $454.48. The firm has a market capitalization of $218.08 billion, a price-to-earnings ratio of 33.65, a price-to-earnings-growth ratio of 3.08 and a beta of 0.94.

Linde (NASDAQ:LIN) last issued its quarterly earnings results on Thursday, February 6th. The basic materials company reported $3.97 EPS for the quarter, topping 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 anticipate that Linde plc will post 16.54 EPS for the current year.

Analyst Ratings Changes

Several analysts have recently weighed in on LIN shares. BMO Capital Markets lifted their target price on shares of Linde from $477.00 to $507.00 and gave the company an “outperform” rating in a report on Friday, November 1st. Deutsche Bank Aktiengesellschaft boosted their price objective on shares of Linde from $510.00 to $515.00 and gave the stock a “buy” rating in a report on Friday, November 1st. Erste Group Bank reissued a “hold” rating on shares of Linde in a report on Tuesday, November 19th. TD Cowen raised shares of Linde from a “hold” rating to a “buy” rating and boosted their price objective for the stock from $480.00 to $515.00 in a report on Monday, January 13th. Finally, Citigroup decreased their price objective on shares of Linde from $490.00 to $480.00 and set a “neutral” rating on the stock in a report on Wednesday, December 18th. Four investment analysts have rated the stock with a hold rating and nine have given a buy rating to the company’s stock. According to data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $501.82.

About Linde

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.