Linde plc (NASDAQ:LIN) Holdings Decreased by Asset Management One Co. Ltd.

Asset Management One Co. Ltd. decreased its position in Linde plc (NASDAQ:LIN - Free Report) by 0.4% during the 4th quarter, according to its most recent disclosure with the SEC. The fund owned 195,592 shares of the basic materials company's stock after selling 703 shares during the period. Asset Management One Co. Ltd.'s holdings in Linde were worth $82,732,000 at the end of the most recent reporting period.

Several other large investors also recently bought and sold shares of LIN. Synergy Asset Management LLC acquired a new stake in shares of Linde during the fourth quarter valued at $25,000. Kozak & Associates Inc. acquired a new stake in shares of Linde during the third quarter valued at $34,000. Global Wealth Strategies & Associates boosted its stake in shares of Linde by 144.8% during the fourth quarter. Global Wealth Strategies & Associates now owns 71 shares of the basic materials company's stock valued at $30,000 after acquiring an additional 42 shares during the last quarter. Retirement Wealth Solutions LLC acquired a new stake in shares of Linde during the 4th quarter worth about $34,000. Finally, Capital Performance Advisors LLP acquired a new stake in shares of Linde during the 3rd quarter worth about $43,000. Institutional investors and hedge funds own 82.80% of the company's stock.

Analyst Ratings Changes

LIN has been the topic of several analyst reports. Erste Group Bank reaffirmed a "hold" rating on shares of Linde in a research note on Tuesday, November 19th. Mizuho raised their target price on shares of Linde from $520.00 to $530.00 and gave the stock an "outperform" rating in a research report on Friday, November 1st. Deutsche Bank Aktiengesellschaft raised their price objective on Linde from $510.00 to $515.00 and gave the stock a "buy" rating in a report on Friday, November 1st. TD Cowen raised Linde from a "hold" rating to a "buy" rating and raised their price target for the stock from $480.00 to $515.00 in a research note on Monday, January 13th. Finally, Citigroup decreased their price target on Linde from $490.00 to $480.00 and set a "neutral" rating on the stock in a research note on Wednesday, December 18th. Four research analysts have rated the stock with a hold rating and nine have issued a buy rating to the stock. According to data from MarketBeat, Linde has an average rating of "Moderate Buy" and a consensus price target of $501.82.

Insider Buying and Selling

In related news, Director Paula Rosput Reynolds purchased 100 shares of the business's stock in a transaction that occurred on Thursday, December 12th. The shares were acquired at an average price of $441.34 per share, with a total value of $44,134.00. Following the acquisition, the director now owns 233 shares in the company, valued at approximately $102,832.22. This trade represents a 75.19 % increase in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, VP Guillermo Bichara sold 4,385 shares of the firm's stock in a transaction on Wednesday, December 4th. The shares were sold at an average price of $460.73, for a total value of $2,020,301.05. Following the completion of the sale, the vice president now owns 22,776 shares in the company, valued at $10,493,586.48. The trade was a 16.14 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 9,503 shares of company stock worth $4,306,843 over the last ninety days. 0.60% of the stock is owned by insiders.

Linde Stock Down 0.9 %

NASDAQ LIN traded down $4.05 during trading hours on Monday, reaching $457.00. 1,705,529 shares of the company traded hands, compared to its average volume of 2,276,889. Linde plc has a 12 month low of $410.69 and a 12 month high of $487.49. The company has a current ratio of 0.89, a quick ratio of 0.81 and a debt-to-equity ratio of 0.39. The stock has a market capitalization of $217.61 billion, a PE ratio of 33.58, a PEG ratio of 2.89 and a beta of 0.94. The company has a 50 day moving average of $434.82 and a two-hundred day moving average of $454.01.

Linde (NASDAQ:LIN - Get Free Report) 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%. As a group, equities 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.