C WorldWide Group Holding A S Trims Position in Linde plc (NASDAQ:LIN)

C WorldWide Group Holding A S trimmed its stake in shares of Linde plc (NASDAQ:LIN) by 6.5% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 1,046,700 shares of the basic materials company’s stock after selling 73,200 shares during the quarter. Linde makes up 5.3% of C WorldWide Group Holding A S’s portfolio, making the stock its 6th biggest position. C WorldWide Group Holding A S’s holdings in Linde were worth $438,222,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other large investors have also recently added to or reduced their stakes in the stock. AMF Tjanstepension AB raised its holdings in shares of Linde by 108.7% during the third 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 during the period. Howard Capital Management Group LLC acquired a new stake in shares of Linde during the third quarter worth $252,000. Assenagon Asset Management S.A. raised its holdings in shares of Linde by 147.0% during the third quarter. Assenagon Asset Management S.A. now owns 32,698 shares of the basic materials company’s stock worth $15,592,000 after purchasing an additional 19,459 shares during the period. Allworth Financial LP raised its holdings in shares of Linde by 125.9% during the third quarter. Allworth Financial LP now owns 7,008 shares of the basic materials company’s stock worth $3,342,000 after purchasing an additional 3,906 shares during the period. Finally, Arkadios Wealth Advisors raised its holdings in shares of Linde by 5.3% during the third quarter. Arkadios Wealth Advisors now owns 1,298 shares of the basic materials company’s stock worth $619,000 after purchasing an additional 65 shares during the period. 82.80% of the stock is currently owned by institutional investors.

Insider Activity

In other news, Director Paula Rosput Reynolds bought 100 shares of the firm’s stock in a transaction on Thursday, December 12th. The stock was bought at an average cost of $441.34 per share, for a total transaction of $44,134.00. Following the completion of the acquisition, the director now directly owns 233 shares in the company, valued at $102,832.22. This represents a 75.19 % increase in their position. The purchase was disclosed in a filing with the SEC, which is available at this hyperlink. Also, 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 transaction, the vice president now owns 22,776 shares of the company’s stock, valued at approximately $10,493,586.48. The trade was a 16.14 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last quarter, insiders sold 16,285 shares of company stock worth $7,423,986. Corporate insiders own 0.60% of the company’s stock.

Analyst Ratings Changes

A number of brokerages have weighed in on LIN. BMO Capital Markets increased their target price on shares of Linde from $477.00 to $507.00 and gave the stock an “outperform” rating in a report on Friday, November 1st. Citigroup dropped their price objective on shares of Linde from $490.00 to $480.00 and set a “neutral” rating on the stock in a report on Wednesday, December 18th. Erste Group Bank reaffirmed a “hold” rating on shares of Linde in a report on Tuesday, November 19th. TD Cowen raised shares of Linde from a “hold” rating to a “buy” rating and increased their price objective for the stock from $480.00 to $515.00 in a report on Monday, January 13th. Finally, Mizuho increased their price objective on shares of Linde from $520.00 to $530.00 and gave the stock an “outperform” rating in a report on Friday, November 1st. 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, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $501.82.

Linde Stock Down 0.8 %

Linde stock opened at $458.00 on Monday. The stock has a market cap of $218.08 billion, a price-to-earnings ratio of 33.65, a PEG ratio of 3.08 and a beta of 0.94. 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 company’s 50-day moving average price is $436.88 and its two-hundred day moving average price is $454.48. Linde plc has a 52 week low of $410.69 and a 52 week high of $487.49.

Linde (NASDAQ:LIN) last posted its quarterly earnings data on Thursday, February 6th. The basic materials company reported $3.97 earnings per share for the quarter, beating 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%. On average, analysts expect 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.