Linde plc (NASDAQ:LIN) Shares Sold by Ieq Capital LLC

Ieq Capital LLC cut its holdings in shares of Linde plc (NASDAQ:LIN) by 25.2% during the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 20,789 shares of the basic materials company’s stock after selling 6,987 shares during the period. Ieq Capital LLC’s holdings in Linde were worth $8,704,000 at the end of the most recent quarter.

A number of other large investors have also made changes to their positions in LIN. Geode Capital Management LLC raised its position 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 purchasing an additional 154,792 shares during the last quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC grew its position in Linde by 372.8% during 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 worth $1,567,958,000 after purchasing an additional 2,592,682 shares during the last quarter. Charles Schwab Investment Management Inc. increased its stake in Linde by 1.7% during 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 purchasing an additional 50,882 shares in the last quarter. Impax Asset Management Group plc raised its holdings in shares of Linde by 2.4% in the third 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 last quarter. Finally, Nordea Investment Management AB lifted its stake in shares of 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 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.

Insiders Place Their Bets

In other Linde news, Director Paula Rosput Reynolds acquired 100 shares of the company’s stock in a transaction 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 owns 233 shares in the company, valued at approximately $102,832.22. This trade represents a 75.19 % increase in their ownership of the stock. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, VP Guillermo Bichara sold 4,385 shares of the company’s stock in a transaction that occurred on Wednesday, December 4th. The stock was sold at an average price of $460.73, for a total value of $2,020,301.05. Following the transaction, the vice president now directly owns 22,776 shares of the company’s stock, valued at approximately $10,493,586.48. The trade was a 16.14 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last quarter, insiders sold 9,503 shares of company stock worth $4,306,843. Company insiders own 0.60% of the company’s stock.

Analyst Ratings Changes

Several research firms recently issued reports on LIN. Citigroup cut their target price on Linde from $490.00 to $480.00 and set a “neutral” rating on the stock in a research report on Wednesday, December 18th. TD Cowen raised Linde from a “hold” rating to a “buy” rating and increased their price objective for the company from $480.00 to $515.00 in a report on Monday, January 13th. Erste Group Bank reaffirmed a “hold” rating on shares of Linde in a report on Tuesday, November 19th. BMO Capital Markets upped their target price on Linde from $477.00 to $507.00 and gave the company an “outperform” rating in a research report on Friday, November 1st. Finally, Deutsche Bank Aktiengesellschaft raised their price target on shares of Linde from $510.00 to $515.00 and gave the stock a “buy” rating in a research report 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. Based on data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $501.82.

Linde Trading Down 0.0 %

Shares of NASDAQ:LIN opened at $461.90 on Friday. The company has a current ratio of 0.89, a quick ratio of 0.76 and a debt-to-equity ratio of 0.39. Linde plc has a 12-month low of $410.69 and a 12-month high of $487.49. The business has a 50 day moving average of $436.43 and a two-hundred day moving average of $454.23. The company has a market capitalization of $219.94 billion, a PE ratio of 33.94, a PEG ratio of 3.11 and a beta of 0.94.

Linde (NASDAQ:LIN) last posted its earnings results on Thursday, February 6th. The basic materials company reported $3.97 earnings per share (EPS) for the quarter, beating the consensus estimate of $3.93 by $0.04. Linde had a net margin of 19.89% and a return on equity of 18.71%. As a group, analysts forecast that Linde plc will post 16.54 EPS for the current year.

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.