Amalgamated Bank Sells 4,310 Shares of Linde plc (NASDAQ:LIN)

Amalgamated Bank trimmed its stake in Linde plc (NASDAQ:LIN) by 4.4% in the fourth quarter, Holdings Channel reports. The firm owned 94,141 shares of the basic materials company’s stock after selling 4,310 shares during the quarter. Amalgamated Bank’s holdings in Linde were worth $39,414,000 as of its most recent SEC filing.

A number of other hedge funds have also recently bought and sold shares of the stock. Helios Capital Management PTE. Ltd. lifted its holdings in Linde by 85.2% during 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 during the last quarter. Channel Wealth LLC raised its holdings in shares of Linde by 30.4% during 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 in the last quarter. M&T Bank Corp grew its position in Linde by 6.7% during the 3rd quarter. M&T Bank Corp now owns 79,472 shares of the basic materials company’s stock worth $37,898,000 after acquiring an additional 5,021 shares during the last quarter. Nordea Investment Management AB grew its position in Linde by 2.2% during 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 acquiring an additional 46,843 shares during the last quarter. Finally, SYM FINANCIAL Corp bought a new stake in Linde during the 4th quarter worth $625,000. 82.80% of the stock is currently owned by institutional investors.

Linde Trading Up 0.1 %

NASDAQ LIN opened at $458.53 on Tuesday. Linde plc has a 1-year low of $410.69 and a 1-year 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. The stock has a 50-day moving average of $437.49 and a 200-day moving average of $454.56. The firm has a market cap of $218.33 billion, a PE ratio of 33.69, a price-to-earnings-growth ratio of 3.08 and a beta of 0.94.

Linde (NASDAQ:LIN) last released its earnings results on Thursday, February 6th. The basic materials company reported $3.97 earnings per share for the quarter, beating 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%. As a group, sell-side analysts forecast that Linde plc will post 16.54 EPS for the current year.

Insider Activity at Linde

In other news, VP Juergen Nowicki sold 6,782 shares of the business’s stock in a transaction that occurred on Thursday, February 20th. The stock was sold at an average price of $459.62, for a total value of $3,117,142.84. Following the sale, the vice president now directly owns 14,765 shares of the company’s stock, valued at $6,786,289.30. The trade was a 31.48 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. Also, VP Guillermo Bichara sold 4,385 shares of the business’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 sale, the vice president now directly owns 22,776 shares in the company, valued at approximately $10,493,586.48. This represents a 16.14 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 16,285 shares of company stock worth $7,423,986 in the last 90 days. Company insiders own 0.60% of the company’s stock.

Analyst Upgrades and Downgrades

Several equities research analysts have recently weighed in on LIN shares. Mizuho increased their price target on Linde from $520.00 to $530.00 and gave the company an “outperform” rating in a research note on Friday, November 1st. Deutsche Bank Aktiengesellschaft increased their price target on Linde from $510.00 to $515.00 and gave the stock a “buy” rating in a report on Friday, November 1st. TD Cowen upgraded Linde from a “hold” rating to a “buy” rating and increased their price target for the stock from $480.00 to $515.00 in a report on Monday, January 13th. Citigroup dropped their target price on Linde from $490.00 to $480.00 and set a “neutral” rating on the stock in a report on Wednesday, December 18th. Finally, BMO Capital Markets increased their price target on Linde from $477.00 to $507.00 and gave the company an “outperform” rating in a research report on Friday, November 1st. Four 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, the company currently has a consensus rating of “Moderate Buy” and a consensus 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.