Linde plc (NASDAQ:LIN) Shares Sold by Csenge Advisory Group

Csenge Advisory Group trimmed its holdings in shares of Linde plc (NASDAQ:LIN) by 9.8% during the fourth quarter, according to its most recent Form 13F filing with the SEC. The firm owned 3,637 shares of the basic materials company’s stock after selling 395 shares during the period. Csenge Advisory Group’s holdings in Linde were worth $1,523,000 at the end of the most recent reporting period.

A number of other large investors also recently modified their holdings of the business. Blue Zone Wealth Advisors LLC increased its holdings in shares of Linde by 175.3% during the fourth quarter. Blue Zone Wealth Advisors LLC now owns 9,483 shares of the basic materials company’s stock valued at $3,970,000 after purchasing an additional 6,038 shares during the period. Strategic Financial Concepts LLC acquired a new position in shares of Linde during the fourth quarter valued at $28,000. Allworth Financial LP increased its holdings in shares of Linde by 25.7% during the fourth quarter. Allworth Financial LP now owns 8,808 shares of the basic materials company’s stock valued at $3,899,000 after purchasing an additional 1,800 shares during the period. Principal Securities Inc. boosted its stake in Linde by 19.0% during the fourth quarter. Principal Securities Inc. now owns 9,508 shares of the basic materials company’s stock valued at $3,981,000 after buying an additional 1,515 shares in the last quarter. Finally, TigerOak Management L.L.C. bought a new position in Linde during the fourth quarter valued at about $2,087,000. 82.80% of the stock is owned by institutional investors and hedge funds.

Insiders Place Their Bets

In other news, VP Guillermo Bichara sold 4,385 shares of the firm’s stock in a transaction dated Wednesday, December 4th. The stock was sold at an average price of $460.73, for a total transaction of $2,020,301.05. Following the completion of the sale, the vice president now directly owns 22,776 shares of the company’s stock, valued at $10,493,586.48. This trade represents a 16.14 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Also, Director Paula Rosput Reynolds purchased 100 shares of the business’s stock in a transaction dated Thursday, December 12th. The shares were purchased at an average cost of $441.34 per share, with a total value of $44,134.00. Following the completion of the purchase, the director now directly owns 233 shares in the company, valued at approximately $102,832.22. This represents a 75.19 % increase in their ownership of the stock. The disclosure for this purchase can be found here. In the last ninety days, insiders sold 9,503 shares of company stock worth $4,306,843. 0.60% of the stock is currently owned by company insiders.

Linde Trading Down 0.9 %

NASDAQ:LIN opened at $457.00 on Monday. Linde plc has a 1-year low of $410.69 and a 1-year high of $487.49. The firm has a market capitalization of $217.61 billion, a price-to-earnings ratio of 33.58, a price-to-earnings-growth ratio of 2.89 and a beta of 0.94. The company has a quick ratio of 0.81, a current ratio of 0.89 and a debt-to-equity ratio of 0.39. The stock has a fifty day simple moving average of $434.82 and a 200 day simple moving average of $454.01.

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

Wall Street Analyst Weigh In

Several research analysts recently weighed in on the company. BMO Capital Markets raised their target price on Linde from $477.00 to $507.00 and gave the company an “outperform” rating in a research note on Friday, November 1st. Deutsche Bank Aktiengesellschaft raised their target price on Linde from $510.00 to $515.00 and gave the company a “buy” rating in a research note on Friday, November 1st. TD Cowen raised Linde from a “hold” rating to a “buy” rating and raised their target price for the company from $480.00 to $515.00 in a research note on Monday, January 13th. Mizuho raised their target price on Linde from $520.00 to $530.00 and gave the company an “outperform” rating in a research note on Friday, November 1st. Finally, Citigroup decreased their target price on Linde from $490.00 to $480.00 and set a “neutral” rating for the company in a research note on Wednesday, December 18th. Four equities research analysts have rated the stock with a hold rating and nine have given a buy rating to the stock. Based on data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average price target of $501.82.

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.