Linde plc (NASDAQ:LIN) VP Juergen Nowicki Sells 6,782 Shares of Stock

Linde plc (NASDAQ:LIN) VP Juergen Nowicki sold 6,782 shares of the company’s stock in a transaction on Thursday, February 20th. The stock was sold at an average price of $459.62, for a total transaction of $3,117,142.84. Following the completion of the transaction, the vice president now owns 14,765 shares of the company’s stock, valued at $6,786,289.30. This trade represents a 31.48 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available at the SEC website.

Linde Stock Down 0.8 %

Linde stock opened at $458.00 on Friday. Linde plc has a 12 month low of $410.69 and a 12 month high of $487.49. The stock has a fifty day simple moving average of $436.88 and a two-hundred day simple moving average of $454.33. 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 firm 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.

Linde (NASDAQ:LIN) last released its quarterly earnings data on Thursday, February 6th. The basic materials company reported $3.97 EPS for the quarter, topping the consensus estimate of $3.93 by $0.04. Linde had a return on equity of 18.71% and a net margin of 19.89%. Equities analysts predict that Linde plc will post 16.54 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

LIN has been the topic of several research analyst reports. Deutsche Bank Aktiengesellschaft boosted their price target on shares of Linde from $510.00 to $515.00 and gave the company a “buy” rating in a research 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 Linde from a “hold” rating to a “buy” rating and raised their target price for the company from $480.00 to $515.00 in a research note on Monday, January 13th. Mizuho lifted their price target on Linde from $520.00 to $530.00 and gave the company an “outperform” rating in a research report on Friday, November 1st. Finally, BMO Capital Markets increased their price objective on Linde from $477.00 to $507.00 and gave the stock an “outperform” rating in a report on Friday, November 1st. Four analysts have rated the stock with a hold rating and nine have assigned a buy rating to the company. According to MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $501.82.

Institutional Trading of Linde

Large investors have recently made changes to their positions in the stock. Synergy Asset Management LLC purchased a new stake in Linde in the fourth quarter worth approximately $25,000. Rakuten Securities Inc. lifted its holdings in shares of Linde by 1,160.0% during the 4th quarter. Rakuten Securities Inc. now owns 63 shares of the basic materials company’s stock valued at $26,000 after buying an additional 58 shares during the period. Strategic Financial Concepts LLC purchased a new position in shares of Linde in the 4th quarter worth $28,000. Global Wealth Strategies & Associates grew its holdings in shares of Linde by 144.8% in the fourth quarter. Global Wealth Strategies & Associates now owns 71 shares of the basic materials company’s stock worth $30,000 after acquiring an additional 42 shares during the period. Finally, Putney Financial Group LLC bought a new stake in shares of Linde in the fourth quarter worth $31,000. 82.80% of the stock is currently owned by institutional investors.

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.