Rhumbline Advisers Has $367.50 Million Holdings in Linde plc (NASDAQ:LIN)

Rhumbline Advisers cut its position in shares of Linde plc (NASDAQ:LIN - Free Report) by 0.3% during the 4th quarter, according to the company in its most recent filing with the SEC. The firm owned 877,767 shares of the basic materials company's stock after selling 2,472 shares during the quarter. Rhumbline Advisers owned 0.18% of Linde worth $367,495,000 as of its most recent filing with the SEC.

Other hedge funds and other institutional investors also recently modified their holdings of the company. Synergy Asset Management LLC acquired a new position in Linde in the fourth quarter worth approximately $25,000. Kozak & Associates Inc. purchased a new position in Linde in the 3rd quarter worth about $34,000. Global Wealth Strategies & Associates raised its holdings in Linde by 144.8% during the 4th quarter. Global Wealth Strategies & Associates now owns 71 shares of the basic materials company's stock worth $30,000 after buying an additional 42 shares during the period. Retirement Wealth Solutions LLC acquired a new position in shares of Linde in the fourth quarter worth about $34,000. Finally, Capital Performance Advisors LLP purchased a new position in shares of Linde in the third quarter worth approximately $43,000. Institutional investors own 82.80% of the company's stock.

Insiders Place Their Bets

In other Linde news, VP David P. Strauss sold 2,218 shares of the firm's stock in a transaction that occurred 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 sale, 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 position. The transaction was disclosed in a filing with the SEC, which is available through this link. Also, VP Guillermo Bichara sold 4,385 shares of the firm's stock in a transaction on Wednesday, December 4th. The stock was sold at an average price of $460.73, for a total transaction of $2,020,301.05. Following the completion of the sale, the vice president now owns 22,776 shares in the company, valued at approximately $10,493,586.48. The trade was a 16.14 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 9,503 shares of company stock valued at $4,306,843 over the last three months. 0.60% of the stock is currently owned by insiders.

Linde Stock Down 0.8 %

Shares of Linde stock traded down $3.76 during trading on Wednesday, hitting $462.07. 1,883,751 shares of the stock traded hands, compared to its average volume of 2,288,375. The company has a fifty day moving average price of $435.53 and a two-hundred day moving average price of $454.12. Linde plc has a twelve month low of $410.69 and a twelve month high of $487.49. The stock has a market cap of $220.02 billion, a P/E ratio of 33.95, a PEG ratio of 3.05 and a beta of 0.94. The company has a debt-to-equity ratio of 0.39, a quick ratio of 0.76 and a current ratio of 0.89.

Linde (NASDAQ:LIN - Get Free Report) last posted its earnings results 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%. Equities research analysts predict that Linde plc will post 16.54 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

A number of equities analysts recently commented on the stock. BMO Capital Markets raised their price objective on shares of Linde from $477.00 to $507.00 and gave the stock an "outperform" rating in a research note on Friday, November 1st. Erste Group Bank reaffirmed a "hold" rating on shares of Linde in a research report on Tuesday, November 19th. Citigroup dropped their price target on Linde from $490.00 to $480.00 and set a "neutral" rating on the stock in a research report on Wednesday, December 18th. TD Cowen raised 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 research note on Monday, January 13th. Finally, Mizuho lifted their target price on Linde from $520.00 to $530.00 and gave the company an "outperform" rating in a research note 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's stock. According to MarketBeat.com, the company currently has an average rating of "Moderate Buy" and a consensus price target of $501.82.

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.