Vontobel Holding Ltd. lowered its stake in shares of Linde plc (NASDAQ:LIN - Free Report) by 32.2% in the fourth quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 303,772 shares of the basic materials company's stock after selling 144,598 shares during the period. Vontobel Holding Ltd. owned about 0.06% of Linde worth $127,180,000 as of its most recent filing with the Securities & Exchange Commission.
Other institutional investors and hedge funds have also modified their holdings of the company. Synergy Asset Management LLC purchased a new stake in shares of Linde during the fourth quarter worth about $25,000. Strategic Financial Concepts LLC acquired a new position in Linde during the fourth quarter worth about $28,000. Global Wealth Strategies & Associates boosted its position in 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 acquiring an additional 42 shares during the last quarter. Kozak & Associates Inc. acquired a new position in Linde during the third quarter worth about $34,000. Finally, Retirement Wealth Solutions LLC acquired a new position in Linde during the fourth quarter worth about $34,000. Hedge funds and other 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 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 transaction of $2,020,301.05. Following the sale, the vice president now directly owns 22,776 shares of the company's stock, valued at $10,493,586.48. This represents a 16.14 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Director Paula Rosput Reynolds bought 100 shares of the business's stock in a transaction that occurred on Thursday, December 12th. The shares were acquired at an average cost 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 in the company, valued at $102,832.22. This trade represents a 75.19 % increase in their ownership of the stock. The disclosure for this purchase can be found here. In the last three months, insiders have sold 9,503 shares of company stock worth $4,306,843. 0.60% of the stock is currently owned by insiders.
Wall Street Analysts Forecast Growth
A number of equities analysts recently weighed in on LIN shares. Mizuho boosted their price target on shares of Linde from $520.00 to $530.00 and gave the stock an "outperform" rating in a research report on Friday, November 1st. Deutsche Bank Aktiengesellschaft boosted their price target on shares of Linde from $510.00 to $515.00 and gave the stock a "buy" rating in a research report on Friday, November 1st. TD Cowen upgraded shares of 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. BMO Capital Markets boosted their target price on shares of Linde from $477.00 to $507.00 and gave the company an "outperform" rating in a report on Friday, November 1st. Finally, Erste Group Bank reiterated a "hold" rating on shares of Linde in a report on Tuesday, November 19th. Four investment analysts have rated the stock with a hold rating and nine have issued a buy rating to the company. Based on data from MarketBeat, the stock presently has a consensus rating of "Moderate Buy" and a consensus target price of $501.82.
Check Out Our Latest Analysis on LIN
Linde Trading Up 1.9 %
Shares of LIN stock traded up $8.83 during trading hours on Tuesday, hitting $465.83. The company had a trading volume of 2,808,502 shares, compared to its average volume of 2,301,429. The company's fifty day moving average is $435.11 and its 200 day moving average is $454.04. 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 plc has a fifty-two week low of $410.69 and a fifty-two week high of $487.49. The stock has a market capitalization of $221.81 billion, a PE ratio of 34.23, a price-to-earnings-growth ratio of 2.89 and a beta of 0.94.
Linde (NASDAQ:LIN - Get Free Report) last issued its quarterly earnings data on Thursday, February 6th. The basic materials company reported $3.97 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%. Research analysts expect that Linde plc will post 16.55 earnings per share for the current fiscal year.
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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