Fiera Capital Corp lessened its holdings in Linde plc (NASDAQ:LIN - Free Report) by 5.8% in the 4th quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 446,865 shares of the basic materials company's stock after selling 27,310 shares during the period. Fiera Capital Corp owned approximately 0.09% of Linde worth $187,089,000 at the end of the most recent quarter.
A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in LIN. Synergy Asset Management LLC acquired a new stake in shares of Linde in the 4th quarter valued at $25,000. Strategic Financial Concepts LLC acquired a new stake in shares of Linde in the 4th quarter valued at $28,000. Global Wealth Strategies & Associates boosted its stake in shares of Linde by 144.8% in the 4th quarter. Global Wealth Strategies & Associates now owns 71 shares of the basic materials company's stock valued at $30,000 after purchasing an additional 42 shares in the last quarter. Kozak & Associates Inc. acquired a new stake in shares of Linde in the 3rd quarter valued at $34,000. Finally, Retirement Wealth Solutions LLC bought a new position in shares of Linde in the fourth quarter valued at about $34,000. Institutional investors own 82.80% of the company's stock.
Insider Transactions at Linde
In related news, VP Guillermo Bichara sold 4,385 shares of the business's stock in a transaction that occurred 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 transaction, the vice president now directly 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 sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, VP David P. Strauss sold 2,218 shares of the business's stock in a transaction that occurred 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 completion of the transaction, the vice president now owns 25,926 shares of the company's stock, valued at $11,260,958.10. This represents a 7.88 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last ninety days, insiders sold 9,503 shares of company stock worth $4,306,843. 0.60% of the stock is currently owned by company insiders.
Linde Trading Down 0.9 %
Shares of Linde stock traded down $4.05 during trading on Friday, hitting $457.00. 1,705,529 shares of the company were exchanged, compared to its average volume of 2,276,889. The firm has a market capitalization of $217.61 billion, a P/E ratio of 33.58, a price-to-earnings-growth ratio of 2.89 and a beta of 0.94. Linde plc has a 1-year low of $410.69 and a 1-year high of $487.49. The firm's fifty day moving average price is $434.82 and its 200 day moving average price is $454.01. The company has a debt-to-equity ratio of 0.39, a current ratio of 0.89 and a quick ratio of 0.81.
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, topping the consensus estimate of $3.93 by $0.04. Linde had a return on equity of 18.71% and a net margin of 19.89%. As a group, sell-side analysts expect that Linde plc will post 16.55 earnings per share for the current fiscal year.
Analyst Upgrades and Downgrades
A number of research analysts recently issued reports on the company. BMO Capital Markets lifted their price target on Linde from $477.00 to $507.00 and gave the company an "outperform" rating in a report on Friday, November 1st. Mizuho lifted their price target on Linde from $520.00 to $530.00 and gave the company an "outperform" rating in a report on Friday, November 1st. Deutsche Bank Aktiengesellschaft lifted their price target on Linde from $510.00 to $515.00 and gave the company a "buy" rating in a report on Friday, November 1st. TD Cowen raised Linde from a "hold" rating to a "buy" rating and lifted their price target for the company from $480.00 to $515.00 in a report on Monday, January 13th. Finally, Citigroup cut their price target on Linde from $490.00 to $480.00 and set a "neutral" rating for the company in a report on Wednesday, December 18th. Four equities research analysts have rated the stock with a hold rating and nine have issued a buy rating to the company. According to MarketBeat, the company presently has a consensus rating of "Moderate Buy" and an average price target of $501.82.
Check Out Our Latest Stock Report on LIN
About Linde
(
Free Report)
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.
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