State of Alaska Department of Revenue Sells 2,634 Shares of Linde plc (NASDAQ:LIN)

State of Alaska Department of Revenue trimmed its position in shares of Linde plc (NASDAQ:LIN) by 4.6% during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 54,288 shares of the basic materials company’s stock after selling 2,634 shares during the period. State of Alaska Department of Revenue’s holdings in Linde were worth $22,728,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds and other institutional investors have also recently modified their holdings of the company. Helios Capital Management PTE. Ltd. increased its position in shares of Linde by 85.2% during the 4th quarter. Helios Capital Management PTE. Ltd. now owns 2,500 shares of the basic materials company’s stock valued at $1,047,000 after purchasing an additional 1,150 shares during the last quarter. Channel Wealth LLC boosted its stake in Linde by 30.4% during the fourth quarter. Channel Wealth LLC now owns 7,385 shares of the basic materials company’s stock worth $3,092,000 after buying an additional 1,723 shares during the period. Nordea Investment Management AB increased its position in Linde by 2.2% during the fourth quarter. Nordea Investment Management AB now owns 2,145,643 shares of the basic materials company’s stock valued at $898,188,000 after acquiring an additional 46,843 shares during the last quarter. M&T Bank Corp raised its stake in shares of Linde by 6.7% in the third quarter. M&T Bank Corp now owns 79,472 shares of the basic materials company’s stock valued at $37,898,000 after acquiring an additional 5,021 shares during the period. Finally, SYM FINANCIAL Corp bought a new stake in shares of Linde in the 4th quarter worth about $625,000. 82.80% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

LIN has been the topic of several analyst reports. Mizuho upped their price target on shares of Linde from $520.00 to $530.00 and gave the company an “outperform” rating in a report on Friday, November 1st. Erste Group Bank reiterated 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 company a “buy” rating in a report on Friday, November 1st. TD Cowen upgraded Linde from a “hold” rating to a “buy” rating and increased their target price for the stock from $480.00 to $515.00 in a research note on Monday, January 13th. Finally, BMO Capital Markets boosted their target price on shares of Linde from $477.00 to $507.00 and gave the company an “outperform” rating in a research note on Friday, November 1st. Four investment analysts have rated the stock with a hold rating and nine have assigned a buy rating to the company’s stock. According to data from MarketBeat.com, Linde currently has an average rating of “Moderate Buy” and an average target price of $501.82.

Insider Activity at Linde

In other news, VP David P. Strauss sold 2,218 shares of the stock in a transaction dated Monday, December 16th. The stock was sold at an average price of $434.35, for a total value of $963,388.30. Following the transaction, the vice president now directly owns 25,926 shares of the company’s stock, valued at approximately $11,260,958.10. This represents a 7.88 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, VP Guillermo Bichara sold 4,385 shares of the company’s 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 sale, 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 position. The disclosure for this sale can be found here. 0.60% of the stock is currently owned by corporate insiders.

Linde Stock Down 0.2 %

Shares of Linde stock opened at $453.70 on Thursday. The stock has a market cap of $216.03 billion, a price-to-earnings ratio of 34.45, a PEG 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. 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 firm’s 50-day moving average is $434.48 and its two-hundred day moving average is $453.44.

Linde (NASDAQ:LIN) last announced its quarterly earnings results on Thursday, February 6th. The basic materials company reported $3.97 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $3.93 by $0.04. Linde had a return on equity of 18.16% and a net margin of 19.33%. As a group, research analysts expect that Linde plc will post 15.45 earnings per share for the current fiscal year.

Linde Company 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.