Linde plc (NASDAQ:LIN) Shares Sold by Retirement Systems of Alabama

Retirement Systems of Alabama reduced its position in Linde plc (NASDAQ:LIN) by 2.1% in the fourth quarter, HoldingsChannel.com reports. The institutional investor 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 SEC filing.

A number of other hedge funds and other institutional investors have also modified their holdings of the business. Synergy Asset Management LLC acquired a new position in Linde during the 4th quarter worth $25,000. Global Wealth Strategies & Associates grew its stake in Linde by 144.8% in the fourth 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. acquired a new position in Linde in the third quarter worth about $34,000. Retirement Wealth Solutions LLC bought a new stake in Linde in the fourth quarter valued at about $34,000. Finally, Hanson & Doremus Investment Management raised its stake in Linde by 34.2% during the fourth quarter. Hanson & Doremus Investment Management now owns 98 shares of the basic materials company’s stock valued at $41,000 after buying an additional 25 shares in the last quarter. 82.80% of the stock is owned by hedge funds and other institutional investors.

Insider Activity

In other news, VP Guillermo Bichara sold 4,385 shares of the stock in a transaction that occurred on Wednesday, December 4th. The shares were sold at an average price of $460.73, for a total value 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 trade represents a 16.14 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Also, VP David P. Strauss sold 2,218 shares of the business’s stock in a transaction that occurred on Monday, December 16th. The stock was sold at an average price of $434.35, for a total value of $963,388.30. Following the sale, the vice president now directly owns 25,926 shares in the company, valued at approximately $11,260,958.10. The trade was a 7.88 % decrease in their position. The disclosure for this sale can be found here. Corporate insiders own 0.60% of the company’s stock.

Wall Street Analyst Weigh In

LIN has been the topic of several research reports. Citigroup dropped their price target on Linde from $490.00 to $480.00 and set a “neutral” rating on the stock in a research report on Wednesday, December 18th. Mizuho raised 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 lifted their price target on shares of Linde from $510.00 to $515.00 and gave the company a “buy” rating in a report on Friday, November 1st. BMO Capital Markets increased their price objective on shares of Linde from $477.00 to $507.00 and gave the stock an “outperform” rating in a research note on Friday, November 1st. Finally, Erste Group Bank restated a “hold” rating on shares of Linde in a research note 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. According to data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average price target of $501.82.

Linde Stock Up 0.1 %

LIN opened at $454.80 on Wednesday. The stock’s 50 day moving average price is $434.51 and its 200 day moving average price is $453.37. The company has a debt-to-equity ratio of 0.43, a current ratio of 0.96 and a quick ratio of 0.81. The stock has a market cap of $216.56 billion, a P/E ratio of 34.53, a P/E/G ratio of 2.77 and a beta of 0.94. Linde plc has a 12 month low of $396.07 and a 12 month high of $487.49.

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.