Ibex Wealth Advisors Trims Stock Position in Linde plc (NASDAQ:LIN)

Ibex Wealth Advisors lessened its stake in shares of Linde plc (NASDAQ:LIN - Free Report) by 93.5% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 1,920 shares of the basic materials company's stock after selling 27,742 shares during the period. Ibex Wealth Advisors' holdings in Linde were worth $804,000 as of its most recent SEC filing.

A number of other institutional investors also recently modified their holdings of LIN. Trifecta Capital Advisors LLC increased its position in shares of Linde by 16.9% during the 3rd quarter. Trifecta Capital Advisors LLC now owns 145 shares of the basic materials company's stock worth $69,000 after purchasing an additional 21 shares in the last quarter. Prentice Wealth Management LLC increased its holdings in shares of Linde by 1.7% in the third quarter. Prentice Wealth Management LLC now owns 1,367 shares of the basic materials company's stock valued at $652,000 after purchasing an additional 23 shares in the last quarter. Quotient Wealth Partners LLC increased its stake in shares of Linde by 0.9% in the 3rd quarter. Quotient Wealth Partners LLC now owns 2,706 shares of the basic materials company's stock valued at $1,290,000 after buying an additional 23 shares during the period. Regent Peak Wealth Advisors LLC raised its holdings in Linde by 1.3% during the 3rd quarter. Regent Peak Wealth Advisors LLC now owns 1,831 shares of the basic materials company's stock worth $873,000 after purchasing an additional 23 shares during the last quarter. Finally, CVA Family Office LLC lifted its holdings in Linde by 2.9% in the third quarter. CVA Family Office LLC now owns 851 shares of the basic materials company's stock valued at $406,000 after buying an additional 24 shares during the period. Institutional investors own 82.80% of the company's stock.

Analysts Set New Price Targets

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

Linde Stock Performance

Shares of NASDAQ:LIN traded up $7.34 during midday trading on Thursday, reaching $445.66. The company had a trading volume of 1,039,018 shares, compared to its average volume of 2,265,034. The company has a current ratio of 0.96, a quick ratio of 0.81 and a debt-to-equity ratio of 0.43. The stock has a market cap of $212.20 billion, a P/E ratio of 33.84, a P/E/G ratio of 2.74 and a beta of 0.94. Linde plc has a 52-week low of $396.07 and a 52-week high of $487.49. The company's 50 day moving average price is $434.86 and its 200 day moving average price is $453.22.

Linde (NASDAQ:LIN - Get Free Report) last issued its earnings results on Thursday, October 31st. The basic materials company reported $3.94 earnings per share for the quarter, topping analysts' consensus estimates of $3.89 by $0.05. Linde had a net margin of 19.33% and a return on equity of 18.16%. The firm had revenue of $8.36 billion during the quarter, compared to analyst estimates of $8.39 billion. During the same quarter last year, the business earned $3.63 earnings per share. The company's quarterly revenue was up 1.9% on a year-over-year basis. As a group, sell-side analysts anticipate that Linde plc will post 15.45 EPS for the current fiscal year.

Insider Buying and Selling

In related news, Director Paula Rosput Reynolds acquired 100 shares of the firm's stock in a transaction that occurred on Thursday, December 12th. The shares were bought at an average cost of $441.34 per share, for a total transaction of $44,134.00. Following the completion of the transaction, the director now owns 233 shares in the company, valued at approximately $102,832.22. This trade represents a 75.19 % increase in their ownership of the stock. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, VP David P. Strauss sold 2,218 shares of the company's stock in a transaction on Monday, December 16th. The stock was sold at an average price of $434.35, for a total transaction of $963,388.30. Following the completion of the transaction, the vice president now owns 25,926 shares of the company's stock, valued at $11,260,958.10. This trade represents a 7.88 % decrease in their ownership of the stock. The disclosure for this sale can be found here. 0.60% of the stock is currently owned by insiders.

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.