Linde plc (NASDAQ:LIN) Position Trimmed by 44 Wealth Management LLC

44 Wealth Management LLC trimmed its holdings in shares of Linde plc (NASDAQ:LIN) by 4.4% in the fourth quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 743 shares of the basic materials company’s stock after selling 34 shares during the period. 44 Wealth Management LLC’s holdings in Linde were worth $311,000 as of its most recent SEC filing.

A number of other large investors have also recently added to or reduced their stakes in LIN. Synergy Asset Management LLC purchased a new stake in shares of Linde in the 4th quarter valued at approximately $25,000. Strategic Financial Concepts LLC purchased a new stake in shares of Linde in the 4th quarter valued at approximately $28,000. Global Wealth Strategies & Associates lifted its position in shares of Linde by 144.8% in the 4th quarter. Global Wealth Strategies & Associates now owns 71 shares of the basic materials company’s stock valued at $30,000 after acquiring an additional 42 shares in the last quarter. Retirement Wealth Solutions LLC purchased a new stake in shares of Linde in the 4th quarter valued at approximately $34,000. Finally, Kozak & Associates Inc. lifted its position in shares of Linde by 38.6% in the 4th quarter. Kozak & Associates Inc. now owns 97 shares of the basic materials company’s stock valued at $40,000 after acquiring an additional 27 shares in the last quarter. 82.80% of the stock is currently owned by institutional investors.

Insider Activity

In related news, VP Guillermo Bichara sold 4,385 shares of the firm’s stock in a transaction on Wednesday, December 4th. The shares were 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 in the company, valued at approximately $10,493,586.48. This trade represents a 16.14 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is available through this link. Also, VP Juergen Nowicki sold 6,782 shares of the firm’s stock in a transaction on Thursday, February 20th. The shares were 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 in the company, valued at $6,786,289.30. The trade was a 31.48 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 16,285 shares of company stock worth $7,423,986. 0.60% of the stock is owned by corporate insiders.

Linde Stock Down 0.8 %

Linde stock opened at $458.00 on Friday. The company has a market capitalization of $218.08 billion, a P/E ratio of 33.65, a P/E/G ratio of 3.08 and a beta of 0.94. The firm’s fifty day simple moving average is $436.88 and its 200-day simple moving average is $454.39. The company has a current ratio of 0.89, a quick ratio of 0.76 and a debt-to-equity ratio of 0.39. Linde plc has a 1-year low of $410.69 and a 1-year high of $487.49.

Linde (NASDAQ:LIN) last released 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%. Sell-side analysts forecast that Linde plc will post 16.54 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

LIN has been the subject of several research analyst reports. Citigroup reduced their price target 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. Mizuho upped their price target on shares of Linde from $520.00 to $530.00 and gave the company an “outperform” rating in a research report on Friday, November 1st. Deutsche Bank Aktiengesellschaft upped 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 research report on Tuesday, November 19th. Finally, BMO Capital Markets increased their target price on shares of Linde from $477.00 to $507.00 and gave the stock an “outperform” rating in a research report on Friday, November 1st. Four analysts have rated the stock with a hold rating and nine have issued a buy rating to the company’s stock. According to data from MarketBeat, the company currently has an average rating of “Moderate Buy” and an average 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.