Northstar Asset Management Inc. Has $16.53 Million Stake in Linde plc (NASDAQ:LIN)

Northstar Asset Management Inc. decreased its position in Linde plc (NASDAQ:LIN - Free Report) by 3.5% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 39,484 shares of the basic materials company's stock after selling 1,419 shares during the quarter. Linde accounts for approximately 4.3% of Northstar Asset Management Inc.'s holdings, making the stock its 7th largest holding. Northstar Asset Management Inc.'s holdings in Linde were worth $16,531,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. Helios Capital Management PTE. Ltd. raised its stake in shares of Linde by 85.2% in the 4th quarter. Helios Capital Management PTE. Ltd. now owns 2,500 shares of the basic materials company's stock valued at $1,047,000 after purchasing an additional 1,150 shares during the period. Channel Wealth LLC increased its position 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 valued at $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% in the third quarter. M&T Bank Corp now owns 79,472 shares of the basic materials company's stock valued at $37,898,000 after acquiring an additional 5,021 shares during the last quarter. Nordea Investment Management AB increased its position in shares of Linde by 2.2% in the fourth quarter. Nordea Investment Management AB now owns 2,145,643 shares of the basic materials company's stock valued at $898,188,000 after acquiring an additional 46,843 shares during the last quarter. Finally, SYM FINANCIAL Corp acquired a new stake in shares of Linde in the fourth quarter valued at about $625,000. Institutional investors and hedge funds own 82.80% of the company's stock.

Linde Price Performance

Shares of LIN stock traded up $0.30 during trading on Friday, hitting $462.20. The company had a trading volume of 462,450 shares, compared to its average volume of 2,205,658. The company has a debt-to-equity ratio of 0.39, a quick ratio of 0.76 and a current ratio of 0.89. The firm has a market capitalization of $220.08 billion, a P/E ratio of 33.94, a price-to-earnings-growth ratio of 3.08 and a beta of 0.94. The stock's 50-day moving average price is $436.43 and its 200 day moving average price is $454.23. Linde plc has a one year low of $410.69 and a one year high of $487.49.

Linde (NASDAQ:LIN - Get Free Report) last announced its quarterly earnings results on Thursday, February 6th. The basic materials company reported $3.97 earnings per share (EPS) for the quarter, topping the consensus estimate of $3.93 by $0.04. Linde had a net margin of 19.89% and a return on equity of 18.71%. Equities analysts expect that Linde plc will post 16.54 EPS for the current fiscal year.

Analyst Ratings Changes

A number of analysts recently issued reports on the company. Citigroup lowered their target price on Linde from $490.00 to $480.00 and set a "neutral" rating on the stock in a research report on Wednesday, December 18th. BMO Capital Markets boosted their price target on Linde from $477.00 to $507.00 and gave the stock an "outperform" rating in a research report on Friday, November 1st. TD Cowen raised Linde from a "hold" rating to a "buy" rating and boosted their price target for the stock from $480.00 to $515.00 in a research report on Monday, January 13th. Erste Group Bank reissued a "hold" rating on shares of Linde in a research report on Tuesday, November 19th. Finally, Mizuho boosted their price target 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 stock. According to data from MarketBeat.com, the company presently has an average rating of "Moderate Buy" and an average target price of $501.82.

Insider Transactions at Linde

In related news, VP Guillermo Bichara sold 4,385 shares of the stock in a transaction on Wednesday, December 4th. The stock was sold at an average price of $460.73, for a total value of $2,020,301.05. Following the completion of 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 transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, VP David P. Strauss sold 2,218 shares of Linde stock in a transaction on Monday, December 16th. The shares were sold at an average price of $434.35, for a total transaction of $963,388.30. Following the completion of the sale, the vice president now directly owns 25,926 shares of the company's stock, valued at approximately $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. Over the last ninety days, insiders sold 9,503 shares of company stock worth $4,306,843. Corporate insiders own 0.60% of the company's stock.

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.