Lockheed Martin Investment Management Co. Sells 2,670 Shares of Linde plc (NASDAQ:LIN)

Lockheed Martin Investment Management Co. reduced its stake in Linde plc (NASDAQ:LIN) by 45.4% during the 4th quarter, Holdings Channel reports. The firm owned 3,210 shares of the basic materials company’s stock after selling 2,670 shares during the period. Lockheed Martin Investment Management Co.’s holdings in Linde were worth $1,344,000 at the end of the most recent quarter.

Other institutional investors have also made changes to their positions in the company. Geode Capital Management LLC increased its stake in shares of Linde by 1.4% in the 3rd quarter. Geode Capital Management LLC now owns 10,973,175 shares of the basic materials company’s stock valued at $5,217,197,000 after acquiring an additional 154,792 shares during the last quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC grew its holdings in shares of Linde by 372.8% in the 3rd quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 3,288,088 shares of the basic materials company’s stock valued at $1,567,958,000 after buying an additional 2,592,682 shares during the period. Charles Schwab Investment Management Inc. grew its holdings in shares of Linde by 1.7% in the 3rd quarter. Charles Schwab Investment Management Inc. now owns 3,015,882 shares of the basic materials company’s stock valued at $1,438,154,000 after buying an additional 50,882 shares during the period. Impax Asset Management Group plc raised its stake in Linde by 2.4% during the 3rd quarter. Impax Asset Management Group plc now owns 2,374,339 shares of the basic materials company’s stock worth $1,130,986,000 after buying an additional 56,775 shares during the period. Finally, Nordea Investment Management AB raised its stake in Linde by 2.2% during the 4th quarter. Nordea Investment Management AB now owns 2,145,643 shares of the basic materials company’s stock worth $898,188,000 after buying an additional 46,843 shares during the period. 82.80% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

LIN has been the subject of a number of research analyst reports. 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. Erste Group Bank reiterated a “hold” rating on shares of Linde in a research report on Tuesday, November 19th. Mizuho raised their target price on shares of Linde from $520.00 to $530.00 and gave the stock an “outperform” 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 report on Friday, November 1st. Finally, Deutsche Bank Aktiengesellschaft boosted their price objective on shares of Linde from $510.00 to $515.00 and gave the company a “buy” rating in a research report on Friday, November 1st. Four analysts have rated the stock with a hold rating and nine have issued a buy rating to the company’s stock. According to MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average target price of $501.82.

Linde Stock Up 0.1 %

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

Insider Activity

In other Linde news, Director Paula Rosput Reynolds purchased 100 shares of the business’s stock in a transaction on Thursday, December 12th. The stock was acquired at an average price of $441.34 per share, with a total value of $44,134.00. Following the acquisition, the director now directly owns 233 shares of the company’s stock, valued at $102,832.22. This trade represents a 75.19 % increase in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through this link. Also, VP Guillermo Bichara sold 4,385 shares of the company’s 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 completion of the transaction, the vice president now owns 22,776 shares in the company, valued at approximately $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 insiders.

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.