Wealth Alliance Sells 136 Shares of Linde plc (NASDAQ:LIN)

Wealth Alliance decreased its position in Linde plc (NASDAQ:LIN) by 3.4% during the fourth quarter, HoldingsChannel.com reports. The firm owned 3,830 shares of the basic materials company’s stock after selling 136 shares during the quarter. Wealth Alliance’s holdings in Linde were worth $1,604,000 as of its most recent SEC filing.

Other hedge funds also recently bought and sold shares of the company. Geode Capital Management LLC raised its position in 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 worth $5,217,197,000 after buying an additional 154,792 shares during the last quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC raised its position 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 buying an additional 2,592,682 shares during the last quarter. Charles Schwab Investment Management Inc. raised its position in Linde by 1.7% in the 3rd quarter. Charles Schwab Investment Management Inc. now owns 3,015,882 shares of the basic materials company’s stock worth $1,438,154,000 after buying an additional 50,882 shares during the last quarter. Impax Asset Management Group plc raised its position in Linde by 2.4% in the 3rd 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 raised its position in Linde by 2.2% in the 4th 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 last quarter. Institutional investors own 82.80% of the company’s stock.

Insider Buying and Selling

In other Linde news, 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 completion of the transaction, the vice president now directly owns 22,776 shares in the company, valued at $10,493,586.48. This represents a 16.14 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. Also, Director Robert L. Wood sold 2,900 shares of the company’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 value of $1,323,154.00. Following the completion of the transaction, 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 ownership of the stock. The disclosure for this sale can be found here. In the last ninety days, insiders sold 9,503 shares of company stock valued at $4,306,843. 0.60% of the stock is owned by corporate insiders.

Linde Trading Down 0.8 %

Linde stock opened at $462.07 on Thursday. The firm has a 50 day moving average of $435.96 and a 200 day moving average of $454.18. The firm has a market capitalization of $220.02 billion, a price-to-earnings ratio of 33.95, a P/E/G ratio of 3.11 and a beta of 0.94. Linde plc has a 12-month low of $410.69 and a 12-month high of $487.49. 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 (NASDAQ:LIN) last released its earnings results 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 net margin of 19.89% and a return on equity of 18.71%. As a group, research analysts predict that Linde plc will post 16.54 earnings per share for the current year.

Analyst Upgrades and Downgrades

LIN has been the subject of a number of recent analyst reports. BMO Capital Markets boosted their target price on Linde from $477.00 to $507.00 and gave the stock an “outperform” rating in a research report on Friday, November 1st. Deutsche Bank Aktiengesellschaft boosted their target price on Linde from $510.00 to $515.00 and gave the stock a “buy” rating in a research report on Friday, November 1st. 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 upped their price target for the company from $480.00 to $515.00 in a research report on Monday, January 13th. Finally, Erste Group Bank reaffirmed a “hold” rating on shares of Linde in a research report on Tuesday, November 19th. Four equities research analysts have rated the stock with a hold rating and nine have given a buy rating to the company’s stock. According to MarketBeat.com, Linde has an average rating of “Moderate Buy” and a consensus target price 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.