Linde plc (NASDAQ:LIN) Shares Sold by Manchester Financial Inc.

Manchester Financial Inc. trimmed its holdings in shares of Linde plc (NASDAQ:LIN - Free Report) by 23.2% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 4,499 shares of the basic materials company's stock after selling 1,362 shares during the quarter. Manchester Financial Inc.'s holdings in Linde were worth $1,884,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also recently made changes to their positions in LIN. Helios Capital Management PTE. Ltd. increased its stake in Linde by 85.2% during the 4th quarter. Helios Capital Management PTE. Ltd. now owns 2,500 shares of the basic materials company's stock worth $1,047,000 after buying an additional 1,150 shares in the last quarter. Channel Wealth LLC boosted its stake in shares of Linde by 30.4% in the fourth quarter. Channel Wealth LLC now owns 7,385 shares of the basic materials company's stock worth $3,092,000 after acquiring an additional 1,723 shares during the last quarter. M&T Bank Corp increased its position in shares of Linde by 6.7% during the third quarter. M&T Bank Corp now owns 79,472 shares of the basic materials company's stock worth $37,898,000 after purchasing an additional 5,021 shares in the last quarter. Nordea Investment Management AB raised its stake in Linde by 2.2% in the 4th quarter. Nordea Investment Management AB now owns 2,145,643 shares of the basic materials company's stock valued at $898,188,000 after purchasing an additional 46,843 shares during the last quarter. Finally, SYM FINANCIAL Corp purchased a new position in Linde in the 4th quarter valued at $625,000. Hedge funds and other institutional investors own 82.80% of the company's stock.

Wall Street Analysts Forecast Growth

A number of research firms have recently issued reports on LIN. TD Cowen raised shares of Linde from a "hold" rating to a "buy" rating and upped their target price for the stock from $480.00 to $515.00 in a report on Monday, January 13th. Deutsche Bank Aktiengesellschaft upped their price objective on shares of Linde from $510.00 to $515.00 and gave the company a "buy" rating in a research note on Friday, November 1st. Citigroup decreased their target price on shares of 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 restated a "hold" rating on shares of Linde in a research report on Tuesday, November 19th. Finally, Mizuho lifted their price objective on Linde from $520.00 to $530.00 and gave the stock an "outperform" rating in a research report 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. According to MarketBeat, the stock presently has an average rating of "Moderate Buy" and a consensus price target of $501.82.

Insider Transactions at Linde

In other Linde news, VP Guillermo Bichara sold 4,385 shares of the business's stock in a transaction dated Wednesday, December 4th. The shares were sold at an average price of $460.73, for a total transaction of $2,020,301.05. Following the sale, the vice president now directly 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 document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, Director Paula Rosput Reynolds purchased 100 shares of Linde stock in a transaction dated Thursday, December 12th. The shares were acquired at an average cost of $441.34 per share, for a total transaction of $44,134.00. Following the transaction, the director now directly owns 233 shares of the company's stock, valued at approximately $102,832.22. This represents a 75.19 % increase in their position. The disclosure for this purchase can be found here. In the last three months, insiders have sold 9,503 shares of company stock worth $4,306,843. 0.60% of the stock is currently owned by insiders.

Linde Trading Up 1.9 %

Shares of Linde stock traded up $8.83 during trading hours on Tuesday, hitting $465.83. The company's stock had a trading volume of 2,808,502 shares, compared to its average volume of 2,301,429. The stock has a market cap of $221.81 billion, a price-to-earnings ratio of 34.23, a P/E/G ratio of 2.89 and a beta of 0.94. The company has a debt-to-equity ratio of 0.39, a quick ratio of 0.81 and a current ratio of 0.89. Linde plc has a twelve month low of $410.69 and a twelve month high of $487.49. The firm has a fifty day moving average of $435.11 and a 200-day moving average of $454.04.

Linde (NASDAQ:LIN - Get Free Report) last posted 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 net margin of 19.89% and a return on equity of 18.71%. Research analysts forecast that Linde plc will post 16.55 EPS for the current 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.