Linde plc (NASDAQ:LIN) Shares Sold by Chevy Chase Trust Holdings LLC

Chevy Chase Trust Holdings LLC lowered its stake in shares of Linde plc (NASDAQ:LIN) by 3.1% in the fourth quarter, HoldingsChannel reports. The firm owned 250,743 shares of the basic materials company’s stock after selling 7,975 shares during the quarter. Chevy Chase Trust Holdings LLC’s holdings in Linde were worth $104,979,000 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 added to or reduced their stakes in LIN. Trifecta Capital Advisors LLC increased its holdings in shares of Linde by 16.9% during the 3rd quarter. Trifecta Capital Advisors LLC now owns 145 shares of the basic materials company’s stock valued at $69,000 after acquiring an additional 21 shares during the last quarter. Concord Asset Management LLC VA increased its holdings in shares of Linde by 0.5% during the 4th quarter. Concord Asset Management LLC VA now owns 4,774 shares of the basic materials company’s stock valued at $1,999,000 after acquiring an additional 23 shares during the last quarter. Salomon & Ludwin LLC increased its holdings in shares of Linde by 14.3% during the 3rd quarter. Salomon & Ludwin LLC now owns 192 shares of the basic materials company’s stock valued at $92,000 after acquiring an additional 24 shares during the last quarter. Fourpath Capital Management LLC increased its holdings in shares of Linde by 0.6% during the 4th quarter. Fourpath Capital Management LLC now owns 4,138 shares of the basic materials company’s stock valued at $1,732,000 after acquiring an additional 24 shares during the last quarter. Finally, Greystone Financial Group LLC increased its holdings in shares of Linde by 1.3% during the 3rd quarter. Greystone Financial Group LLC now owns 2,013 shares of the basic materials company’s stock valued at $960,000 after acquiring an additional 25 shares during the last quarter. Institutional investors and hedge funds own 82.80% of the company’s stock.

Analysts Set New Price Targets

A number of research analysts have recently commented on the company. Mizuho increased their price objective on Linde from $520.00 to $530.00 and gave the company an “outperform” rating in a report on Friday, November 1st. 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. Erste Group Bank reissued a “hold” rating on shares of Linde in a research report on Tuesday, November 19th. BMO Capital Markets raised 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, TD Cowen raised shares of Linde from a “hold” rating to a “buy” rating and increased their price target for the company from $480.00 to $515.00 in a report on Monday, January 13th. Four investment analysts have rated the stock with a hold rating and nine have issued a buy rating to the company’s stock. Based on data from MarketBeat.com, Linde currently has a consensus rating of “Moderate Buy” and a consensus price target of $501.82.

Insider Buying and Selling at Linde

In other Linde news, VP Guillermo Bichara sold 4,385 shares of the firm’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 transaction, the vice president now directly owns 22,776 shares of the company’s stock, valued at approximately $10,493,586.48. This trade represents a 16.14 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director Robert L. Wood sold 2,900 shares of the company’s stock in a transaction on Monday, February 10th. The shares were sold at an average price of $456.26, for a total transaction of $1,323,154.00. Following the sale, the director now owns 14,013 shares of the company’s stock, valued at $6,393,571.38. The trade was a 17.15 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 9,503 shares of company stock worth $4,306,843 over the last ninety days. Corporate insiders own 0.60% of the company’s stock.

Linde Trading Up 0.5 %

Shares of LIN opened at $461.05 on Friday. The company has a current ratio of 0.89, a quick ratio of 0.81 and a debt-to-equity ratio of 0.39. The stock has a market cap of $219.53 billion, a PE ratio of 33.88, a PEG ratio of 2.89 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 stock has a 50 day simple moving average of $434.42 and a 200-day simple moving average of $453.89.

Linde (NASDAQ:LIN) last released its quarterly earnings data on Thursday, February 6th. The basic materials company reported $3.97 earnings per share (EPS) for the quarter, topping the consensus estimate of $3.93 by $0.04. Linde had a return on equity of 18.71% and a net margin of 19.89%. On average, sell-side analysts predict that Linde plc will post 16.55 EPS 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.