Marks Group Wealth Management Inc Sells 572 Shares of Linde plc (NASDAQ:LIN)

Marks Group Wealth Management Inc decreased its holdings in shares of Linde plc (NASDAQ:LIN) by 21.1% in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 2,142 shares of the basic materials company’s stock after selling 572 shares during the quarter. Marks Group Wealth Management Inc’s holdings in Linde were worth $897,000 at the end of the most recent quarter.

Several other institutional investors also recently modified their holdings of LIN. Synergy Asset Management LLC bought a new position in Linde in the fourth quarter valued at $25,000. Strategic Financial Concepts LLC bought a new position in shares of Linde during the 4th quarter valued at about $28,000. Global Wealth Strategies & Associates raised its holdings in shares of Linde by 144.8% during the 4th quarter. Global Wealth Strategies & Associates now owns 71 shares of the basic materials company’s stock valued at $30,000 after buying an additional 42 shares in the last quarter. Kozak & Associates Inc. bought a new stake in Linde in the 3rd quarter worth approximately $34,000. Finally, Retirement Wealth Solutions LLC bought a new stake in Linde in the 4th quarter worth approximately $34,000. 82.80% of the stock is currently owned by institutional investors.

Linde Stock Down 0.5 %

Shares of NASDAQ:LIN opened at $458.56 on Thursday. Linde plc has a 1 year low of $410.69 and a 1 year high of $487.49. The company has a debt-to-equity ratio of 0.39, a current ratio of 0.89 and a quick ratio of 0.81. The stock’s 50-day moving average is $434.44 and its 200 day moving average is $453.86. The company 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 earnings per share (EPS) for the quarter, beating 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%. Sell-side analysts anticipate that Linde plc will post 16.55 EPS for the current year.

Wall Street Analysts Forecast Growth

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

Insiders Place Their Bets

In other news, Director Paula Rosput Reynolds bought 100 shares of the firm’s stock in a transaction dated Thursday, December 12th. The stock was purchased at an average price of $441.34 per share, with a total value of $44,134.00. Following the transaction, the director now owns 233 shares of the company’s stock, valued at approximately $102,832.22. The trade was a 75.19 % increase in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, VP David P. Strauss sold 2,218 shares of Linde stock in a transaction that occurred on Monday, December 16th. The shares were sold at an average price of $434.35, for a total value of $963,388.30. Following the sale, the vice president now owns 25,926 shares in the company, valued at $11,260,958.10. This represents a 7.88 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last ninety days, insiders sold 9,503 shares of company stock worth $4,306,843. 0.60% of the stock is currently owned by corporate insiders.

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.