Linde plc (NASDAQ:LIN) Shares Sold by Bryn Mawr Capital Management LLC

Bryn Mawr Capital Management LLC decreased its stake in shares of Linde plc (NASDAQ:LIN) by 65.6% during the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 1,976 shares of the basic materials company’s stock after selling 3,766 shares during the period. Bryn Mawr Capital Management LLC’s holdings in Linde were worth $827,000 as of its most recent SEC filing.

Several other large investors have also recently bought and sold shares of LIN. Helios Capital Management PTE. Ltd. boosted its position in shares of 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 valued at $1,047,000 after purchasing an additional 1,150 shares in the last quarter. Channel Wealth LLC boosted its position 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 valued at $3,092,000 after purchasing an additional 1,723 shares in the last quarter. M&T Bank Corp boosted its position in shares of Linde by 6.7% during the 3rd quarter. M&T Bank Corp now owns 79,472 shares of the basic materials company’s stock valued at $37,898,000 after purchasing an additional 5,021 shares in the last quarter. Nordea Investment Management AB boosted its position in shares of 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 valued at $898,188,000 after purchasing an additional 46,843 shares in the last quarter. Finally, SYM FINANCIAL Corp bought a new position in shares of Linde during the 4th quarter valued at about $625,000. Institutional investors and hedge funds own 82.80% of the company’s stock.

Linde Stock Performance

Shares of LIN opened at $461.90 on Friday. The company’s 50 day moving average price is $436.43 and its 200 day moving average price is $454.23. Linde plc has a 52 week low of $410.69 and a 52 week high of $487.49. The company has a market capitalization of $219.94 billion, a PE ratio of 33.94, a PEG ratio of 3.11 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 (NASDAQ:LIN) last announced its quarterly earnings data on Thursday, February 6th. The basic materials company reported $3.97 EPS 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%. Research analysts expect that Linde plc will post 16.54 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

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

Insider Activity at Linde

In other Linde 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, with a total value of $44,134.00. Following the completion of the transaction, the director now directly owns 233 shares of the company’s stock, valued at approximately $102,832.22. The trade was a 75.19 % increase in their position. The purchase was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. 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 transaction of $2,020,301.05. Following the completion of the sale, 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 ownership of the stock. The disclosure for this sale can be found here. Over the last three months, insiders have sold 9,503 shares of company stock valued at $4,306,843. Corporate insiders own 0.60% of the company’s stock.

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.