G&S Capital LLC Lowers Stake in Linde plc (NASDAQ:LIN)

G&S Capital LLC lessened its position in Linde plc (NASDAQ:LIN) by 0.8% in the fourth quarter, HoldingsChannel.com reports. The institutional investor owned 2,874 shares of the basic materials company’s stock after selling 24 shares during the period. G&S Capital LLC’s holdings in Linde were worth $1,203,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also modified their holdings of LIN. Avestar Capital LLC increased its stake in Linde by 10.3% in the fourth quarter. Avestar Capital LLC now owns 4,432 shares of the basic materials company’s stock valued at $1,856,000 after purchasing an additional 414 shares during the last quarter. Hemington Wealth Management grew its holdings in Linde by 24.1% in the fourth quarter. Hemington Wealth Management now owns 139 shares of the basic materials company’s stock valued at $58,000 after purchasing an additional 27 shares during the period. Van ECK Associates Corp increased its position in Linde by 740.9% during the fourth quarter. Van ECK Associates Corp now owns 94,125 shares of the basic materials company’s stock worth $39,407,000 after purchasing an additional 82,931 shares during the last quarter. Values First Advisors Inc. raised its stake in Linde by 209.4% during the fourth quarter. Values First Advisors Inc. now owns 2,277 shares of the basic materials company’s stock worth $953,000 after purchasing an additional 1,541 shares during the period. Finally, Allspring Global Investments Holdings LLC grew its stake in shares of Linde by 2.8% during the 4th quarter. Allspring Global Investments Holdings LLC now owns 69,527 shares of the basic materials company’s stock valued at $28,796,000 after buying an additional 1,915 shares during the period. Hedge funds and other institutional investors own 82.80% of the company’s stock.

Wall Street Analysts Forecast Growth

Several research analysts recently weighed in on the company. Deutsche Bank Aktiengesellschaft increased 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. Mizuho raised their price objective on Linde from $520.00 to $530.00 and gave the stock an “outperform” rating in a report on Friday, November 1st. TD Cowen raised Linde from a “hold” rating to a “buy” rating and lifted their price objective for the company from $480.00 to $515.00 in a research note on Monday, January 13th. Citigroup dropped their target price 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. Finally, BMO Capital Markets lifted their price target on shares of 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 stock. Based on data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average price target of $501.82.

Insider Buying and Selling at Linde

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 transaction, the vice president now directly owns 22,776 shares of the company’s stock, valued at $10,493,586.48. This represents a 16.14 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. Also, VP David P. Strauss sold 2,218 shares of the firm’s stock in a transaction that occurred on Monday, December 16th. The stock was sold at an average price of $434.35, for a total transaction of $963,388.30. Following the sale, the vice president now directly owns 25,926 shares of the company’s stock, valued at $11,260,958.10. The trade was a 7.88 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 9,503 shares of company stock valued at $4,306,843 in the last ninety days. Insiders own 0.60% of the company’s stock.

Linde Stock Down 0.5 %

NASDAQ LIN opened at $458.56 on Thursday. The company has a quick ratio of 0.81, a current ratio of 0.89 and a debt-to-equity ratio of 0.39. Linde plc has a fifty-two week low of $410.69 and a fifty-two week high of $487.49. The business has a 50 day moving average price of $434.42 and a two-hundred day moving average price of $453.89. The stock has a market cap of $218.35 billion, a PE ratio of 33.69, a P/E/G ratio of 2.89 and a beta of 0.94.

Linde (NASDAQ:LIN) last posted its earnings results 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 net margin of 19.89% and a return on equity of 18.71%. As a group, sell-side analysts predict that Linde plc will post 16.55 EPS for the current fiscal year.

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.