DeDora Capital Inc. Has $1.82 Million Holdings in Linde plc (NASDAQ:LIN)

DeDora Capital Inc. cut its holdings in Linde plc (NASDAQ:LIN) by 0.8% during the 4th quarter, according to its most recent disclosure with the SEC. The institutional investor owned 4,338 shares of the basic materials company’s stock after selling 35 shares during the period. DeDora Capital Inc.’s holdings in Linde were worth $1,816,000 as of its most recent filing with the SEC.

Other institutional investors and hedge funds have also modified their holdings of the company. Synergy Asset Management LLC acquired a new stake in Linde during the fourth quarter worth about $25,000. Kozak & Associates Inc. acquired a new stake in Linde during the third quarter worth about $34,000. Global Wealth Strategies & Associates grew its stake in Linde by 144.8% during the fourth quarter. Global Wealth Strategies & Associates now owns 71 shares of the basic materials company’s stock worth $30,000 after buying an additional 42 shares in the last quarter. Retirement Wealth Solutions LLC acquired a new stake in Linde during the fourth quarter worth about $34,000. Finally, Capital Performance Advisors LLP bought a new position in shares of Linde in the third quarter worth about $43,000. 82.80% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

A number of research firms have recently commented on LIN. TD Cowen raised shares of Linde from a “hold” rating to a “buy” rating and increased their target price for the stock from $480.00 to $515.00 in a report on Monday, January 13th. 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 report on Friday, November 1st. Erste Group Bank reissued a “hold” rating on shares of Linde in a report on Tuesday, November 19th. Deutsche Bank Aktiengesellschaft increased their target price on shares of Linde from $510.00 to $515.00 and gave the stock a “buy” rating in a report on Friday, November 1st. Finally, 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 report on Wednesday, December 18th. Four research analysts have rated the stock with a hold rating and nine have given a buy rating to the company’s stock. According to MarketBeat.com, Linde presently has an average rating of “Moderate Buy” and an average price target of $501.82.

Insider Buying and Selling at Linde

In other news, VP Guillermo Bichara sold 4,385 shares of the firm’s stock in a transaction that occurred on Wednesday, December 4th. The shares were 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 owns 22,776 shares of the company’s stock, valued at $10,493,586.48. This trade represents a 16.14 % decrease in their position. The sale was disclosed in a filing with the SEC, which is available through this link. Also, Director Robert L. Wood sold 2,900 shares of the firm’s stock in a transaction that occurred on Monday, February 10th. The stock was sold at an average price of $456.26, for a total transaction of $1,323,154.00. Following the sale, the director now directly owns 14,013 shares of the company’s stock, valued at approximately $6,393,571.38. This trade represents a 17.15 % decrease in their position. The disclosure for this sale can be found here. In the last 90 days, insiders sold 9,503 shares of company stock valued at $4,306,843. 0.60% of the stock is currently owned by company insiders.

Linde Stock Down 0.9 %

Shares of NASDAQ LIN opened at $457.00 on Friday. The company has a 50 day simple moving average of $434.67 and a 200 day simple moving average of $453.94. The firm has a market cap of $217.61 billion, a PE ratio of 33.58, a price-to-earnings-growth ratio of 2.89 and a beta of 0.94. 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.

Linde (NASDAQ:LIN) last released its 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%. On average, research analysts forecast that Linde plc will post 16.55 EPS for the current 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.