Sanctuary Advisors LLC Sells 896 Shares of Linde plc (NASDAQ:LIN)

Sanctuary Advisors LLC trimmed its position in Linde plc (NASDAQ:LIN - Free Report) by 2.0% in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 44,012 shares of the basic materials company's stock after selling 896 shares during the quarter. Sanctuary Advisors LLC's holdings in Linde were worth $19,646,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors and hedge funds have also modified their holdings of LIN. Geode Capital Management LLC raised its stake in Linde by 1.4% during the 3rd quarter. Geode Capital Management LLC now owns 10,973,175 shares of the basic materials company's stock valued at $5,217,197,000 after purchasing an additional 154,792 shares during the last quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC raised its stake in Linde by 372.8% during the 3rd 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 purchasing an additional 2,592,682 shares during the last quarter. Charles Schwab Investment Management Inc. raised its stake in Linde by 1.7% during the 3rd quarter. Charles Schwab Investment Management Inc. now owns 3,015,882 shares of the basic materials company's stock valued at $1,438,154,000 after purchasing an additional 50,882 shares during the last quarter. Impax Asset Management Group plc raised its stake in Linde by 2.4% during the 3rd quarter. Impax Asset Management Group plc now owns 2,374,339 shares of the basic materials company's stock valued at $1,130,986,000 after purchasing an additional 56,775 shares during the last quarter. Finally, Nordea Investment Management AB raised its stake in Linde by 2.2% during 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. 82.80% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

Several equities research analysts have issued reports on LIN shares. Mizuho boosted their price target on shares of Linde from $520.00 to $530.00 and gave the company an "outperform" rating in a report on Friday, November 1st. TD Cowen raised shares of Linde from a "hold" rating to a "buy" rating and boosted their price target for the company from $480.00 to $515.00 in a report on Monday, January 13th. Deutsche Bank Aktiengesellschaft boosted their price target on shares of Linde from $510.00 to $515.00 and gave the company a "buy" rating in a report on Friday, November 1st. Citigroup lowered their price target on shares of Linde from $490.00 to $480.00 and set a "neutral" rating on the stock in a report on Wednesday, December 18th. Finally, Erste Group Bank reissued a "hold" rating on shares of Linde in a report on Tuesday, November 19th. Four research analysts have rated the stock with a hold rating and nine have given a buy rating to the company's stock. According to MarketBeat, Linde presently has a consensus rating of "Moderate Buy" and a consensus price target of $501.82.

Insider Buying and Selling

In other Linde news, VP David P. Strauss sold 2,218 shares of the company's stock in a transaction on Monday, December 16th. The shares were sold at an average price of $434.35, for a total value of $963,388.30. Following the transaction, the vice president now directly owns 25,926 shares in the company, valued at $11,260,958.10. The trade was a 7.88 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Also, VP Guillermo Bichara sold 4,385 shares of the company's stock in a transaction on 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 completion of the transaction, the vice president now owns 22,776 shares in the company, valued at approximately $10,493,586.48. This represents a 16.14 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last three months, insiders have sold 9,503 shares of company stock worth $4,306,843. Insiders own 0.60% of the company's stock.

Linde Price Performance

NASDAQ LIN traded up $0.28 on Friday, hitting $462.18. 419,821 shares of the company were exchanged, compared to its average volume of 2,204,657. The firm has a 50 day moving average of $436.43 and a two-hundred day moving average of $454.23. The company has a market cap of $220.07 billion, a P/E ratio of 33.97, a P/E/G ratio of 3.08 and a beta of 0.94. The company has a current ratio of 0.89, a quick ratio of 0.76 and a debt-to-equity ratio of 0.39. Linde plc has a 1-year low of $410.69 and a 1-year high of $487.49.

Linde (NASDAQ:LIN - Get Free Report) last posted its quarterly earnings data on Thursday, February 6th. The basic materials company reported $3.97 earnings per share (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%. On average, equities analysts predict that Linde plc will post 16.54 EPS for the current year.

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.