Linde plc (NASDAQ:LIN) Shares Sold by Yousif Capital Management LLC

Yousif Capital Management LLC decreased its holdings in Linde plc (NASDAQ:LIN - Free Report) by 2.6% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 83,622 shares of the basic materials company's stock after selling 2,268 shares during the quarter. Yousif Capital Management LLC's holdings in Linde were worth $35,010,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors also recently modified their holdings of the stock. Synergy Asset Management LLC acquired a new position in Linde in the 4th quarter valued at $25,000. Global Wealth Strategies & Associates lifted its stake in shares of Linde by 144.8% during the fourth quarter. Global Wealth Strategies & Associates now owns 71 shares of the basic materials company's stock worth $30,000 after purchasing an additional 42 shares in the last quarter. Kozak & Associates Inc. purchased a new position in Linde in the 3rd quarter worth approximately $34,000. Retirement Wealth Solutions LLC purchased a new stake in Linde during the 4th quarter worth $34,000. Finally, Hanson & Doremus Investment Management boosted its holdings in Linde by 34.2% in the fourth quarter. Hanson & Doremus Investment Management now owns 98 shares of the basic materials company's stock valued at $41,000 after purchasing an additional 25 shares during the last quarter. 82.80% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

LIN has been the topic of several research reports. BMO Capital Markets upped their price objective on Linde from $477.00 to $507.00 and gave the company an "outperform" rating in a research note on Friday, November 1st. Erste Group Bank restated a "hold" rating on shares of Linde in a research report on Tuesday, November 19th. Citigroup dropped their target price on Linde from $490.00 to $480.00 and set a "neutral" rating on the stock in a report on Wednesday, December 18th. Mizuho increased their price objective on Linde from $520.00 to $530.00 and gave the company an "outperform" rating in a research report on Friday, November 1st. Finally, TD Cowen raised Linde from a "hold" rating to a "buy" rating and raised their target price for the stock from $480.00 to $515.00 in a research report on Monday, January 13th. Four research analysts have rated the stock with a hold rating and nine have issued a buy rating to the company's stock. Based on data from MarketBeat.com, the company currently has an average rating of "Moderate Buy" and a consensus target price of $501.82.

Insider Transactions at Linde

In related news, VP Guillermo Bichara sold 4,385 shares of the company's stock in a transaction that occurred on Wednesday, December 4th. The shares were sold at an average price of $460.73, for a total value of $2,020,301.05. Following the transaction, the vice president now directly 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 transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director Paula Rosput Reynolds bought 100 shares of the stock in a transaction dated Thursday, December 12th. The stock was bought at an average cost of $441.34 per share, with a total value of $44,134.00. Following the purchase, the director now owns 233 shares in the company, valued at $102,832.22. The trade was a 75.19 % increase in their position. The disclosure for this purchase can be found here. Corporate insiders own 0.60% of the company's stock.

Linde Price Performance

Shares of LIN stock traded down $1.10 during trading hours on Wednesday, reaching $453.70. The company's stock had a trading volume of 2,696,503 shares, compared to its average volume of 2,404,924. The firm's 50 day simple moving average is $434.48 and its 200-day simple moving average is $453.44. The company has a market capitalization of $216.03 billion, a price-to-earnings ratio of 34.45, a PEG ratio of 2.77 and a beta of 0.94. Linde plc has a fifty-two week low of $410.69 and a fifty-two week high of $487.49. The company has a quick ratio of 0.81, a current ratio of 0.96 and a debt-to-equity ratio of 0.43.

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.