Linde plc (NASDAQ:LIN) Shares Sold by Valeo Financial Advisors LLC

Valeo Financial Advisors LLC cut its stake in Linde plc (NASDAQ:LIN) by 9.0% in the fourth quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 4,267 shares of the basic materials company’s stock after selling 420 shares during the period. Valeo Financial Advisors LLC’s holdings in Linde were worth $1,787,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors also recently bought and sold shares of LIN. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC boosted its stake in 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 worth $1,567,958,000 after purchasing an additional 2,592,682 shares in the last quarter. International Assets Investment Management LLC boosted its stake in Linde by 47,830.2% in the 3rd quarter. International Assets Investment Management LLC now owns 936,076 shares of the basic materials company’s stock worth $446,377,000 after purchasing an additional 934,123 shares in the last quarter. Assenagon Asset Management S.A. boosted its stake in Linde by 2,293.0% in the 4th quarter. Assenagon Asset Management S.A. now owns 782,461 shares of the basic materials company’s stock worth $327,593,000 after purchasing an additional 749,763 shares in the last quarter. AMF Tjanstepension AB boosted its stake in Linde by 108.7% in the 3rd quarter. AMF Tjanstepension AB now owns 784,477 shares of the basic materials company’s stock worth $374,086,000 after purchasing an additional 408,659 shares in the last quarter. Finally, KBC Group NV boosted its stake in Linde by 131.6% in the 3rd quarter. KBC Group NV now owns 621,444 shares of the basic materials company’s stock worth $296,342,000 after purchasing an additional 353,136 shares in the last quarter. 82.80% of the stock is currently owned by institutional investors and hedge funds.

Insider Buying and Selling

In other Linde news, Director Paula Rosput Reynolds bought 100 shares of the stock in a transaction on Thursday, December 12th. The shares were bought at an average price of $441.34 per share, with a total value of $44,134.00. Following the purchase, the director now directly owns 233 shares in the company, valued at $102,832.22. This trade represents a 75.19 % increase in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, VP David P. Strauss sold 2,218 shares of Linde stock in a transaction on Monday, December 16th. The stock was sold at an average price of $434.35, for a total transaction of $963,388.30. Following the sale, the vice president now directly owns 25,926 shares in the company, valued at approximately $11,260,958.10. This trade represents a 7.88 % decrease in their position. The disclosure for this sale can be found here. In the last quarter, insiders sold 9,503 shares of company stock valued at $4,306,843. 0.60% of the stock is owned by corporate insiders.

Linde Price Performance

Shares of NASDAQ LIN opened at $457.00 on Friday. The firm has a market cap of $217.61 billion, a PE ratio of 33.58, a PEG ratio of 2.89 and a beta of 0.94. The firm has a fifty day moving average of $434.82 and a 200 day moving average of $453.99. The company has a debt-to-equity ratio of 0.39, a quick ratio of 0.81 and a current ratio of 0.89. Linde plc has a one year low of $410.69 and a one year high of $487.49.

Linde (NASDAQ:LIN) last issued its quarterly earnings results on Thursday, February 6th. The basic materials company reported $3.97 EPS for the quarter, topping 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, research analysts predict that Linde plc will post 16.55 EPS for the current fiscal year.

Analyst Ratings Changes

A number of equities analysts have issued reports on LIN shares. Citigroup reduced their price target on shares of Linde from $490.00 to $480.00 and set a “neutral” rating for the company in a research report on Wednesday, December 18th. TD Cowen raised shares of Linde from a “hold” rating to a “buy” rating and raised their price target for the stock from $480.00 to $515.00 in a research report on Monday, January 13th. 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. Erste Group Bank reissued a “hold” rating on shares of Linde in a research report on Tuesday, November 19th. Finally, BMO Capital Markets raised their price target 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. Four equities research analysts have rated the stock with a hold rating and nine have issued a buy rating to the company. According to data from MarketBeat, Linde presently has a consensus rating of “Moderate Buy” and a consensus price target of $501.82.

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.