Cumberland Partners Ltd Sells 87 Shares of Linde plc (NASDAQ:LIN)

Cumberland Partners Ltd lessened its stake in Linde plc (NASDAQ:LIN) by 0.1% during the fourth quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 74,441 shares of the basic materials company’s stock after selling 87 shares during the quarter. Linde makes up about 2.2% of Cumberland Partners Ltd’s holdings, making the stock its 14th largest position. Cumberland Partners Ltd’s holdings in Linde were worth $31,166,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds also recently modified their holdings of the stock. Helios Capital Management PTE. Ltd. grew its position in Linde by 85.2% in the 4th quarter. Helios Capital Management PTE. Ltd. now owns 2,500 shares of the basic materials company’s stock worth $1,047,000 after purchasing an additional 1,150 shares in the last quarter. Channel Wealth LLC boosted its stake in shares of Linde by 30.4% in the 4th 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 last quarter. M&T Bank Corp grew its holdings 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 in the last quarter. Nordea Investment Management AB increased its position 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 valued at $898,188,000 after acquiring an additional 46,843 shares during the last quarter. Finally, SYM FINANCIAL Corp bought a new stake in Linde during the fourth quarter worth $625,000. Hedge funds and other institutional investors own 82.80% of the company’s stock.

Analyst Upgrades and Downgrades

LIN has been the subject of a number of recent analyst reports. Deutsche Bank Aktiengesellschaft upped their price objective on Linde from $510.00 to $515.00 and gave the company a “buy” rating in a research note on Friday, November 1st. Erste Group Bank restated a “hold” rating on shares of Linde in a report on Tuesday, November 19th. Citigroup dropped their target price on shares of Linde from $490.00 to $480.00 and set a “neutral” rating on the stock in a research note on Wednesday, December 18th. BMO Capital Markets increased their target price on shares of Linde from $477.00 to $507.00 and gave the company an “outperform” rating in a research report on Friday, November 1st. Finally, TD Cowen raised shares of Linde from a “hold” rating to a “buy” rating and lifted their price target for the stock from $480.00 to $515.00 in a report on Monday, January 13th. Four equities research 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, Linde currently has a consensus rating of “Moderate Buy” and a consensus target price of $501.82.

Insiders Place Their Bets

In other Linde 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 transaction of $2,020,301.05. Following 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 sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, Director Robert L. Wood sold 2,900 shares of the business’s stock in a transaction that occurred on Monday, February 10th. The stock was sold at an average price of $456.26, for a total transaction of $1,323,154.00. Following the completion of the sale, the director now owns 14,013 shares of the company’s stock, valued at approximately $6,393,571.38. The trade was a 17.15 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 9,503 shares of company stock valued at $4,306,843 in the last quarter. Corporate insiders own 0.60% of the company’s stock.

Linde Price Performance

Shares of NASDAQ:LIN opened at $462.07 on Thursday. The company has a 50 day moving average of $435.96 and a 200 day moving average of $454.18. The company has a current ratio of 0.89, a quick ratio of 0.76 and a debt-to-equity ratio of 0.39. The stock has a market cap of $220.02 billion, a P/E ratio of 33.95, a P/E/G ratio of 3.05 and a beta of 0.94. Linde plc has a 12 month low of $410.69 and a 12 month high of $487.49.

Linde (NASDAQ:LIN) last released its quarterly earnings results on Thursday, February 6th. The basic materials company reported $3.97 EPS for the quarter, beating analysts’ consensus estimates 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, sell-side analysts forecast that Linde plc will post 16.54 EPS for the current fiscal year.

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.