Compass Capital Management Inc. Sells 6,638 Shares of Linde plc (NASDAQ:LIN)

Compass Capital Management Inc. cut its holdings in Linde plc (NASDAQ:LIN) by 5.5% during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 114,201 shares of the basic materials company’s stock after selling 6,638 shares during the quarter. Linde accounts for approximately 3.1% of Compass Capital Management Inc.’s holdings, making the stock its 25th largest position. Compass Capital Management Inc.’s holdings in Linde were worth $47,812,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also added to or reduced their stakes in the business. AMF Tjanstepension AB increased its stake in shares of Linde by 108.7% in the 3rd quarter. AMF Tjanstepension AB now owns 784,477 shares of the basic materials company’s stock worth $374,086,000 after purchasing an additional 408,659 shares in the last quarter. Czech National Bank increased its stake in shares of Linde by 6.9% in the 3rd quarter. Czech National Bank now owns 97,927 shares of the basic materials company’s stock worth $46,697,000 after purchasing an additional 6,321 shares in the last quarter. GAMMA Investing LLC increased its stake in shares of Linde by 15.7% in the 3rd quarter. GAMMA Investing LLC now owns 5,508 shares of the basic materials company’s stock worth $2,627,000 after purchasing an additional 747 shares in the last quarter. Diversified Trust Co increased its stake in shares of Linde by 18.4% in the 3rd quarter. Diversified Trust Co now owns 5,230 shares of the basic materials company’s stock worth $2,494,000 after purchasing an additional 811 shares in the last quarter. Finally, Consilio Wealth Advisors LLC purchased a new stake in shares of Linde in the 3rd quarter worth $232,000. 82.80% of the stock is owned by institutional investors.

Linde Stock Performance

Linde stock opened at $454.21 on Tuesday. The company has a 50 day moving average price of $434.54 and a 200-day moving average price of $453.31. The company has a debt-to-equity ratio of 0.43, a quick ratio of 0.81 and a current ratio of 0.96. Linde plc has a fifty-two week low of $396.07 and a fifty-two week high of $487.49. The company has a market capitalization of $216.28 billion, a PE ratio of 34.49, a P/E/G ratio of 2.77 and a beta of 0.94.

Insider Activity at Linde

In other Linde news, Director Paula Rosput Reynolds acquired 100 shares of the business’s stock in a transaction that occurred on Thursday, December 12th. The shares were bought at an average cost of $441.34 per share, with a total value of $44,134.00. Following the completion of the acquisition, the director now directly owns 233 shares in the company, valued at $102,832.22. This represents a 75.19 % increase in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, VP Guillermo Bichara sold 4,385 shares of Linde stock in a transaction on Wednesday, December 4th. The stock was sold at an average price of $460.73, for a total transaction 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 $10,493,586.48. This represents a 16.14 % decrease in their ownership of the stock. The disclosure for this sale can be found here. 0.60% of the stock is currently owned by corporate insiders.

Analysts Set New Price Targets

A number of equities research analysts have issued reports on the company. Mizuho increased their price target on Linde from $520.00 to $530.00 and gave the stock an “outperform” rating in a research note on Friday, November 1st. Erste Group Bank reiterated a “hold” rating on shares of Linde in a research note on Tuesday, November 19th. TD Cowen upgraded Linde from a “hold” rating to a “buy” rating and raised their price objective for the company from $480.00 to $515.00 in a research report on Monday, January 13th. Deutsche Bank Aktiengesellschaft raised their price objective on Linde from $510.00 to $515.00 and gave the company a “buy” rating in a research report on Friday, November 1st. Finally, Citigroup cut their price objective on Linde from $490.00 to $480.00 and set a “neutral” rating for the company in a research report on Wednesday, December 18th. Four equities research analysts have rated the stock with a hold rating and nine have assigned a buy rating to the company. According to data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus target price 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.