Crestwood Advisors Group LLC Sells 56 Shares of Linde plc (NASDAQ:LIN)

Crestwood Advisors Group LLC trimmed its holdings in shares of Linde plc (NASDAQ:LIN) by 3.1% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 1,723 shares of the basic materials company’s stock after selling 56 shares during the quarter. Crestwood Advisors Group LLC’s holdings in Linde were worth $722,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also made changes to their positions in the company. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC raised its holdings in shares of 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 in the last quarter. Assenagon Asset Management S.A. raised its holdings in shares of Linde by 2,293.0% in the fourth quarter. Assenagon Asset Management S.A. now owns 782,461 shares of the basic materials company’s stock valued at $327,593,000 after acquiring an additional 749,763 shares in the last quarter. AMF Tjanstepension AB raised its holdings in shares of Linde by 108.7% in the third quarter. AMF Tjanstepension AB now owns 784,477 shares of the basic materials company’s stock valued at $374,086,000 after acquiring an additional 408,659 shares in the last quarter. KBC Group NV raised its holdings in shares of Linde by 131.6% in the third quarter. KBC Group NV now owns 621,444 shares of the basic materials company’s stock valued at $296,342,000 after acquiring an additional 353,136 shares in the last quarter. Finally, ING Groep NV raised its holdings in shares of Linde by 78.2% in the third quarter. ING Groep NV now owns 598,757 shares of the basic materials company’s stock valued at $285,523,000 after acquiring an additional 262,691 shares in the last quarter. 82.80% of the stock is currently owned by institutional investors.

Insider Activity at Linde

In related news, VP Guillermo Bichara sold 4,385 shares of the company’s stock in a transaction that occurred on Wednesday, December 4th. The stock was sold at an average price of $460.73, for a total value of $2,020,301.05. Following the sale, the vice president now owns 22,776 shares in the company, valued at $10,493,586.48. This represents a 16.14 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, VP Juergen Nowicki sold 6,782 shares of the company’s stock in a transaction that occurred on Thursday, February 20th. The shares were sold at an average price of $459.62, for a total value of $3,117,142.84. Following the completion of the sale, the vice president now owns 14,765 shares in the company, valued at approximately $6,786,289.30. This represents a 31.48 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 16,285 shares of company stock worth $7,423,986 over the last quarter. Insiders own 0.60% of the company’s stock.

Analyst Ratings Changes

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

Linde Price Performance

Shares of LIN stock opened at $467.49 on Wednesday. Linde plc has a fifty-two week low of $410.69 and a fifty-two week high of $487.49. The firm has a market capitalization of $222.60 billion, a price-to-earnings ratio of 34.35, a PEG ratio of 3.08 and a beta of 0.94. 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 stock’s 50-day simple moving average is $438.23 and its 200-day simple moving average is $454.70.

Linde (NASDAQ:LIN) last issued its earnings results on Thursday, February 6th. The basic materials company reported $3.97 EPS for the quarter, beating 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%. As a group, equities analysts forecast that Linde plc will post 16.54 earnings per share for the current fiscal 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.