Capital Advisors Ltd. LLC Reduces Holdings in Linde plc (NASDAQ:LIN)

Capital Advisors Ltd. LLC reduced its holdings in shares of Linde plc (NASDAQ:LIN) by 8.6% in the 4th quarter, HoldingsChannel.com reports. The fund owned 412 shares of the basic materials company’s stock after selling 39 shares during the period. Capital Advisors Ltd. LLC’s holdings in Linde were worth $172,000 at the end of the most recent reporting period.

Several other hedge funds have also recently added to or reduced their stakes in LIN. AMF Tjanstepension AB increased its holdings in Linde by 108.7% during the 3rd quarter. AMF Tjanstepension AB now owns 784,477 shares of the basic materials company’s stock valued at $374,086,000 after acquiring an additional 408,659 shares in the last quarter. Howard Capital Management Group LLC purchased a new position in Linde during the 3rd quarter valued at about $252,000. Allworth Financial LP grew 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 buying an additional 3,906 shares in the last quarter. Arkadios Wealth Advisors grew 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 buying an additional 65 shares in the last quarter. Finally, PFG Investments LLC grew its holdings in shares of Linde by 3.4% during the third quarter. PFG Investments LLC now owns 2,313 shares of the basic materials company’s stock worth $1,103,000 after buying an additional 76 shares in the last quarter. 82.80% of the stock is currently owned by hedge funds and other institutional investors.

Insider Buying and Selling at Linde

In other news, VP David P. Strauss sold 2,218 shares of the business’s stock in a transaction on Monday, December 16th. The shares were sold at an average price of $434.35, for a total transaction of $963,388.30. Following the transaction, the vice president now directly owns 25,926 shares of the company’s stock, valued at approximately $11,260,958.10. The trade was a 7.88 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, VP Guillermo Bichara sold 4,385 shares of the business’s stock in a transaction on 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 transaction, the vice president now directly owns 22,776 shares in the company, 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. Insiders have sold a total of 16,285 shares of company stock valued at $7,423,986 over the last ninety days. Corporate insiders own 0.60% of the company’s stock.

Linde Price Performance

LIN opened at $458.53 on Tuesday. The stock has a market capitalization of $218.33 billion, a PE ratio of 33.69, a P/E/G ratio of 3.08 and a beta of 0.94. The company has a debt-to-equity ratio of 0.39, a quick ratio of 0.76 and a current ratio of 0.89. Linde plc has a 1 year low of $410.69 and a 1 year high of $487.49. The company’s 50 day simple moving average is $437.49 and its 200 day simple moving average is $454.56.

Linde (NASDAQ:LIN) last announced its quarterly 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 net margin of 19.89% and a return on equity of 18.71%. As a group, sell-side analysts expect that Linde plc will post 16.54 EPS for the current year.

Analysts Set New Price Targets

A number of brokerages have recently commented on LIN. Mizuho lifted their price target on shares of Linde from $520.00 to $530.00 and gave the stock an “outperform” rating in a report on Friday, November 1st. Erste Group Bank reiterated a “hold” rating on shares of Linde in a report on Tuesday, November 19th. TD Cowen upgraded shares of Linde from a “hold” rating to a “buy” rating and lifted their price target for the stock from $480.00 to $515.00 in a report on Monday, January 13th. BMO Capital Markets lifted their price target on shares of Linde from $477.00 to $507.00 and gave the stock an “outperform” rating in a report on Friday, November 1st. Finally, Citigroup lowered their price target on shares of Linde from $490.00 to $480.00 and set a “neutral” rating for the company in a report on Wednesday, December 18th. Four investment analysts have rated the stock with a hold rating and nine have issued a buy rating to the company. According to MarketBeat, Linde currently has a consensus rating of “Moderate Buy” and a consensus price target of $501.82.

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.