Hantz Financial Services Inc. Sells 1,106 Shares of Linde plc (NASDAQ:LIN)

Hantz Financial Services Inc. decreased its position in Linde plc (NASDAQ:LIN - Free Report) by 5.0% during the 4th quarter, according to its most recent filing with the SEC. The institutional investor owned 20,797 shares of the basic materials company's stock after selling 1,106 shares during the period. Hantz Financial Services Inc.'s holdings in Linde were worth $8,707,000 as of its most recent filing with the SEC.

A number of other large investors have also recently bought and sold shares of the company. McKinley Carter Wealth Services Inc. grew its stake in Linde by 1.0% in the fourth quarter. McKinley Carter Wealth Services Inc. now owns 17,759 shares of the basic materials company's stock valued at $7,435,000 after purchasing an additional 177 shares in the last quarter. Robeco Institutional Asset Management B.V. grew its stake in shares of Linde by 3.5% in the fourth quarter. Robeco Institutional Asset Management B.V. now owns 562,802 shares of the basic materials company's stock valued at $235,628,000 after buying an additional 18,945 shares in the last quarter. Asset Dedication LLC increased its holdings in Linde by 3.5% during the fourth quarter. Asset Dedication LLC now owns 2,659 shares of the basic materials company's stock worth $1,113,000 after buying an additional 91 shares during the last quarter. R Squared Ltd bought a new stake in Linde during the fourth quarter worth $2,378,000. Finally, Mayflower Financial Advisors LLC raised its holdings in shares of Linde by 2.3% in the 4th quarter. Mayflower Financial Advisors LLC now owns 2,299 shares of the basic materials company's stock valued at $963,000 after purchasing an additional 52 shares during the period. Institutional investors and hedge funds own 82.80% of the company's stock.

Linde Price Performance

Shares of LIN stock traded up $7.03 during trading hours on Thursday, reaching $445.35. The company's stock had a trading volume of 735,446 shares, compared to its average volume of 2,247,267. The company has a quick ratio of 0.81, a current ratio of 0.96 and a debt-to-equity ratio of 0.43. Linde plc has a fifty-two week low of $396.07 and a fifty-two week high of $487.49. The company has a market capitalization of $212.06 billion, a price-to-earnings ratio of 33.84, a PEG ratio of 2.74 and a beta of 0.94. The firm's 50 day simple moving average is $434.86 and its 200-day simple moving average is $453.22.

Linde (NASDAQ:LIN - Get Free Report) last posted its quarterly earnings results on Thursday, October 31st. The basic materials company reported $3.94 earnings per share for the quarter, beating analysts' consensus estimates of $3.89 by $0.05. The company had revenue of $8.36 billion for the quarter, compared to the consensus estimate of $8.39 billion. Linde had a net margin of 19.33% and a return on equity of 18.16%. The firm's quarterly revenue was up 1.9% compared to the same quarter last year. During the same period last year, the company posted $3.63 EPS. Sell-side analysts forecast that Linde plc will post 15.45 earnings per share for the current year.

Wall Street Analyst Weigh In

A number of research firms recently weighed in on LIN. Citigroup dropped 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. Erste Group Bank reissued a "hold" rating on shares of Linde in a research report on Tuesday, November 19th. TD Cowen raised shares of Linde from a "hold" rating to a "buy" rating and lifted their target price for the stock from $480.00 to $515.00 in a report on Monday, January 13th. BMO Capital Markets increased their price target on shares of Linde from $477.00 to $507.00 and gave the company an "outperform" rating in a report on Friday, November 1st. Finally, Deutsche Bank Aktiengesellschaft boosted 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. Four equities research analysts have rated the stock with a hold rating and nine have given a buy rating to the stock. According to data from MarketBeat.com, the company has a consensus rating of "Moderate Buy" and an average target price of $501.82.

Insider Activity at Linde

In related news, VP David P. Strauss sold 2,218 shares of the stock in a transaction on Monday, December 16th. The stock was 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 directly owns 25,926 shares in the company, valued at $11,260,958.10. This represents a 7.88 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, Director Paula Rosput Reynolds bought 100 shares of the stock in a transaction that occurred on Thursday, December 12th. The shares were bought at an average cost of $441.34 per share, with a total value of $44,134.00. Following the completion of the transaction, the director now owns 233 shares in the company, valued at $102,832.22. The trade was a 75.19 % increase in their ownership of the stock. The disclosure for this purchase can be found here. 0.60% of the stock is owned by 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.