Polaris Capital Management LLC lessened its holdings in Linde plc (NASDAQ:LIN - Free Report) by 20.1% in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 322,676 shares of the basic materials company's stock after selling 81,360 shares during the quarter. Linde accounts for 6.5% of Polaris Capital Management LLC's investment portfolio, making the stock its 3rd largest position. Polaris Capital Management LLC owned approximately 0.07% of Linde worth $135,095,000 as of its most recent SEC filing.
A number of other institutional investors have also recently bought and sold shares of the business. Synergy Asset Management LLC bought a new position in shares of Linde during the 4th quarter worth $25,000. Strategic Financial Concepts LLC purchased a new stake in Linde during the 4th quarter worth about $28,000. Global Wealth Strategies & Associates lifted 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 purchasing an additional 42 shares in the last quarter. Kozak & Associates Inc. purchased a new stake in Linde during the 3rd quarter worth about $34,000. Finally, Retirement Wealth Solutions LLC purchased a new stake in Linde during the 4th quarter worth about $34,000. Institutional investors own 82.80% of the company's stock.
Insider Buying and Selling at Linde
In related news, Director Paula Rosput Reynolds acquired 100 shares of the stock in a transaction on Thursday, December 12th. The stock was acquired at an average price of $441.34 per share, for a total transaction of $44,134.00. Following the completion of the purchase, the director now owns 233 shares of the company's stock, valued at $102,832.22. This represents a 75.19 % increase in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director Robert L. Wood sold 2,900 shares of Linde stock in a transaction on Monday, February 10th. The shares were sold at an average price of $456.26, for a total value of $1,323,154.00. Following the transaction, the director now owns 14,013 shares of the company's stock, valued at $6,393,571.38. The trade was a 17.15 % decrease in their position. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 9,503 shares of company stock worth $4,306,843. 0.60% of the stock is owned by insiders.
Linde Stock Down 0.2 %
Shares of NASDAQ LIN traded down $0.99 during mid-day trading on Friday, hitting $460.07. 699,327 shares of the stock traded hands, compared to its average volume of 2,249,547. The company has a debt-to-equity ratio of 0.39, a quick ratio of 0.81 and a current ratio of 0.89. Linde plc has a 52 week low of $410.69 and a 52 week high of $487.49. The company has a market cap of $219.06 billion, a price-to-earnings ratio of 33.78, a PEG ratio of 2.89 and a beta of 0.94. The stock has a fifty day moving average price of $434.67 and a 200-day moving average price of $453.94.
Linde (NASDAQ:LIN - Get Free Report) last released its quarterly earnings results on Thursday, February 6th. The basic materials company reported $3.97 earnings per share for the quarter, beating 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%. Research analysts anticipate that Linde plc will post 16.55 EPS for the current year.
Wall Street Analyst Weigh In
A number of analysts recently issued reports on the company. Citigroup dropped their price objective on Linde from $490.00 to $480.00 and set a "neutral" rating on the stock in a report on Wednesday, December 18th. TD Cowen raised Linde from a "hold" rating to a "buy" rating and raised their price target for the company from $480.00 to $515.00 in a report on Monday, January 13th. Mizuho raised 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 raised 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. Finally, Erste Group Bank reaffirmed a "hold" rating on shares of Linde in a report on Tuesday, November 19th. Four equities research analysts have rated the stock with a hold rating and nine have given 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.
View Our Latest Stock Analysis on LIN
Linde Profile
(
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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