Retirement Systems of Alabama Has $43.16 Million Stake in Linde plc (NASDAQ:LIN)

Retirement Systems of Alabama lowered its position in shares of Linde plc (NASDAQ:LIN - Free Report) by 2.1% in the 4th quarter, according to its most recent disclosure with the SEC. The fund owned 103,092 shares of the basic materials company's stock after selling 2,179 shares during the period. Retirement Systems of Alabama's holdings in Linde were worth $43,162,000 as of its most recent filing with the SEC.

A number of other large investors have also modified their holdings of LIN. Trifecta Capital Advisors LLC boosted its position in shares of Linde by 16.9% during the third quarter. Trifecta Capital Advisors LLC now owns 145 shares of the basic materials company's stock worth $69,000 after buying an additional 21 shares during the period. Quotient Wealth Partners LLC boosted its position in Linde by 0.9% during the 3rd quarter. Quotient Wealth Partners LLC now owns 2,706 shares of the basic materials company's stock worth $1,290,000 after acquiring an additional 23 shares during the period. Regent Peak Wealth Advisors LLC grew its stake in shares of Linde by 1.3% in the third quarter. Regent Peak Wealth Advisors LLC now owns 1,831 shares of the basic materials company's stock worth $873,000 after purchasing an additional 23 shares in the last quarter. Concord Asset Management LLC VA increased its holdings in shares of Linde by 0.5% during the fourth quarter. Concord Asset Management LLC VA now owns 4,774 shares of the basic materials company's stock valued at $1,999,000 after purchasing an additional 23 shares during the period. Finally, CVA Family Office LLC raised its stake in shares of Linde by 2.9% during the third quarter. CVA Family Office LLC now owns 851 shares of the basic materials company's stock valued at $406,000 after purchasing an additional 24 shares in the last quarter. Institutional investors and hedge funds own 82.80% of the company's stock.

Linde Stock Down 0.2 %

NASDAQ:LIN traded down $1.10 on Wednesday, hitting $453.70. 2,696,503 shares of the company's stock traded hands, compared to its average volume of 2,404,924. The firm has a 50-day moving average price of $434.48 and a 200-day moving average price of $453.44. The company has a current ratio of 0.96, a quick ratio of 0.81 and a debt-to-equity ratio of 0.43. The company has a market cap of $216.03 billion, a PE ratio of 34.45, a price-to-earnings-growth ratio of 2.77 and a beta of 0.94. Linde plc has a 1 year low of $410.69 and a 1 year high of $487.49.

Insider Buying and Selling at Linde

In other Linde news, VP Guillermo Bichara sold 4,385 shares of the stock in a transaction 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 transaction, 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 ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. Also, Director Paula Rosput Reynolds purchased 100 shares of the firm's stock in a transaction dated Thursday, December 12th. The shares were bought at an average price 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. This represents a 75.19 % increase in their position. The disclosure for this purchase can be found here. Company insiders own 0.60% of the company's stock.

Analyst Upgrades and Downgrades

Several equities analysts have commented on the stock. Deutsche Bank Aktiengesellschaft raised their target price on shares of Linde from $510.00 to $515.00 and gave the company a "buy" rating in a research note on Friday, November 1st. TD Cowen upgraded Linde from a "hold" rating to a "buy" rating and upped their target price for the stock from $480.00 to $515.00 in a research report on Monday, January 13th. Erste Group Bank reiterated a "hold" rating on shares of Linde in a research report on Tuesday, November 19th. Citigroup decreased their target price on Linde from $490.00 to $480.00 and set a "neutral" rating for the company in a research note on Wednesday, December 18th. Finally, 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. Four research analysts have rated the stock with a hold rating and nine have issued a buy rating to the stock. According to data from MarketBeat.com, the stock currently has a consensus rating of "Moderate Buy" and a consensus price target of $501.82.

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.