Linde plc (NASDAQ:LIN) Position Trimmed by Amalgamated Bank

Amalgamated Bank lessened its holdings in shares of Linde plc (NASDAQ:LIN) by 4.4% during the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 94,141 shares of the basic materials company’s stock after selling 4,310 shares during the quarter. Amalgamated Bank’s holdings in Linde were worth $39,414,000 at the end of the most recent quarter.

Other large investors have also made changes to their positions in the company. Wrapmanager Inc. grew its holdings in shares of Linde by 1.3% during the fourth quarter. Wrapmanager Inc. now owns 1,693 shares of the basic materials company’s stock worth $709,000 after purchasing an additional 22 shares during the last quarter. Concord Asset Management LLC VA grew its holdings 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 purchasing an additional 23 shares during the last quarter. Salomon & Ludwin LLC grew its holdings 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 purchasing an additional 24 shares during the last quarter. Fourpath Capital Management LLC grew its holdings 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 purchasing an additional 24 shares during the last quarter. Finally, Romano Brothers AND Company grew its holdings 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 purchasing an additional 25 shares during the last quarter. Institutional investors own 82.80% of the company’s stock.

Linde Trading Up 0.1 %

NASDAQ:LIN opened at $458.53 on Tuesday. Linde plc has a 1-year low of $410.69 and a 1-year high of $487.49. The business’s 50-day moving average price is $437.49 and its two-hundred day moving average price is $454.56. The company has a current ratio of 0.89, a quick ratio of 0.76 and a debt-to-equity ratio of 0.39. The firm has a market capitalization of $218.33 billion, a price-to-earnings ratio of 33.69, a PEG ratio of 3.08 and a beta of 0.94.

Linde (NASDAQ:LIN) last released its quarterly earnings results on Thursday, February 6th. The basic materials company reported $3.97 EPS for the quarter, topping analysts’ consensus estimates of $3.93 by $0.04. Linde had a return on equity of 18.71% and a net margin of 19.89%. On average, equities analysts expect that Linde plc will post 16.54 earnings per share for the current year.

Analyst Upgrades and Downgrades

Several analysts have recently commented on the company. TD Cowen upgraded Linde from a “hold” rating to a “buy” rating and increased their target price for the stock from $480.00 to $515.00 in a report on Monday, January 13th. Citigroup decreased their price target on Linde from $490.00 to $480.00 and set a “neutral” rating on the stock in a report on Wednesday, December 18th. BMO Capital Markets raised 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. Mizuho raised their price target on Linde from $520.00 to $530.00 and gave the company an “outperform” rating in a report on Friday, November 1st. Finally, Erste Group Bank reiterated a “hold” rating on shares of Linde in a report on Tuesday, November 19th. Four equities research analysts have rated the stock with a hold rating and nine have issued a buy rating to the company’s stock. According to MarketBeat.com, the company has an average rating of “Moderate Buy” and an average target price of $501.82.

Insider Transactions at Linde

In related news, Director Robert L. Wood sold 2,900 shares of the stock in a transaction dated Monday, February 10th. The stock was sold at an average price of $456.26, for a total transaction of $1,323,154.00. Following the completion of the transaction, the director now directly owns 14,013 shares in the company, valued at approximately $6,393,571.38. This trade represents a 17.15 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, VP Juergen Nowicki sold 6,782 shares of the stock in a transaction dated Thursday, February 20th. The stock was sold at an average price of $459.62, for a total value of $3,117,142.84. Following the transaction, the vice president now owns 14,765 shares of the company’s stock, valued at approximately $6,786,289.30. The trade was a 31.48 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 16,285 shares of company stock valued at $7,423,986 over the last 90 days. 0.60% of the stock is owned by company insiders.

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.