Nilsine Partners LLC Sells 68 Shares of Linde plc (NASDAQ:LIN)

Nilsine Partners LLC reduced its position in shares of Linde plc (NASDAQ:LIN) by 4.5% in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 1,443 shares of the basic materials company’s stock after selling 68 shares during the period. Nilsine Partners LLC’s holdings in Linde were worth $604,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also bought and sold shares of the company. Trifecta Capital Advisors LLC boosted its stake in shares of Linde by 16.9% during the 3rd 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 last quarter. Prentice Wealth Management LLC boosted its stake in shares of Linde by 1.7% during the 3rd quarter. Prentice Wealth Management LLC now owns 1,367 shares of the basic materials company’s stock worth $652,000 after acquiring an additional 23 shares during the period. Quotient Wealth Partners LLC increased its holdings in shares of 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 last quarter. Regent Peak Wealth Advisors LLC raised its stake in Linde by 1.3% in the 3rd quarter. Regent Peak Wealth Advisors LLC now owns 1,831 shares of the basic materials company’s stock valued at $873,000 after acquiring an additional 23 shares during the period. Finally, CVA Family Office LLC lifted its holdings in Linde by 2.9% during the 3rd 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 during the last quarter. 82.80% of the stock is currently owned by institutional investors and hedge funds.

Insider Transactions at Linde

In related news, VP David P. Strauss sold 2,218 shares of the 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 position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, Director Paula Rosput Reynolds bought 100 shares of the firm’s stock in a transaction on Thursday, December 12th. The shares were bought at an average cost of $441.34 per share, for a total transaction of $44,134.00. Following the purchase, the director now owns 233 shares of the company’s stock, valued at approximately $102,832.22. The trade was a 75.19 % increase in their position. The disclosure for this purchase can be found here. 0.60% of the stock is owned by insiders.

Linde Stock Down 0.9 %

LIN stock opened at $435.51 on Wednesday. Linde plc has a 52 week low of $396.07 and a 52 week high of $487.49. The business has a 50-day simple moving average of $435.27 and a 200 day simple moving average of $453.36. The company has a quick ratio of 0.81, a current ratio of 0.96 and a debt-to-equity ratio of 0.43. The company has a market cap of $207.37 billion, a PE ratio of 33.07, a price-to-earnings-growth ratio of 2.74 and a beta of 0.94.

Linde (NASDAQ:LIN) last issued its earnings results on Thursday, October 31st. The basic materials company reported $3.94 EPS for the quarter, beating the consensus estimate of $3.89 by $0.05. The company had revenue of $8.36 billion during the quarter, compared to analysts’ expectations of $8.39 billion. Linde had a net margin of 19.33% and a return on equity of 18.16%. The business’s revenue for the quarter was up 1.9% compared to the same quarter last year. During the same period in the previous year, the company earned $3.63 EPS. Sell-side analysts anticipate that Linde plc will post 15.45 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

Several research firms have commented on LIN. TD Cowen upgraded shares of Linde from a “hold” rating to a “buy” rating and upped their price objective for the company from $480.00 to $515.00 in a report on Monday, January 13th. Mizuho upped their price target on shares of Linde from $520.00 to $530.00 and gave the company an “outperform” rating in a research note on Friday, November 1st. Erste Group Bank reissued a “hold” rating on shares of Linde in a report on Tuesday, November 19th. Deutsche Bank Aktiengesellschaft boosted their price objective on Linde from $510.00 to $515.00 and gave the stock a “buy” rating in a report on Friday, November 1st. Finally, Citigroup dropped 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 research analysts have rated the stock with a hold rating and nine have issued a buy rating to the company. According to MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $501.82.

About Linde

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.