Linde plc (NASDAQ:LIN) Stock Position Trimmed by Impax Asset Management Group plc

Impax Asset Management Group plc trimmed its position in Linde plc (NASDAQ:LIN) by 5.2% in the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 2,249,901 shares of the basic materials company’s stock after selling 124,438 shares during the quarter. Linde comprises 4.3% of Impax Asset Management Group plc’s holdings, making the stock its 2nd largest position. Impax Asset Management Group plc owned approximately 0.47% of Linde worth $940,853,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also recently modified their holdings of the company. Synergy Asset Management LLC acquired a new stake in Linde during the 4th quarter worth about $25,000. Strategic Financial Concepts LLC purchased a new stake in shares of Linde in the fourth quarter worth about $28,000. Global Wealth Strategies & Associates grew its holdings 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 acquiring an additional 42 shares during the period. Retirement Wealth Solutions LLC purchased a new position in Linde during the fourth quarter valued at approximately $34,000. Finally, Kozak & Associates Inc. lifted its holdings in Linde by 38.6% in the fourth 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 during the period. Institutional investors and hedge funds own 82.80% of the company’s stock.

Insider Transactions at Linde

In other news, VP Juergen Nowicki sold 6,782 shares of the business’s stock in a transaction that occurred 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 transaction, the vice president now directly owns 14,765 shares in the company, valued at $6,786,289.30. The trade was a 31.48 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, Director Robert L. Wood sold 2,900 shares of the stock in a transaction that occurred on Monday, February 10th. The shares were sold at an average price of $456.26, for a total value of $1,323,154.00. Following the completion of the sale, the director now directly owns 14,013 shares of the company’s stock, valued at approximately $6,393,571.38. This represents a 17.15 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 16,285 shares of company stock valued at $7,423,986 over the last 90 days. 0.60% of the stock is currently owned by corporate insiders.

Wall Street Analyst Weigh In

A number of brokerages have recently commented on LIN. Mizuho raised their price objective 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. Citigroup cut their price objective 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. Erste Group Bank reiterated a “hold” rating on shares of Linde in a research 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 report on Monday, January 13th. Finally, BMO Capital Markets upped their price target on Linde from $477.00 to $507.00 and gave the stock an “outperform” rating in a report on Friday, November 1st. Four equities research analysts have rated the stock with a hold rating and nine have issued a buy rating to the stock. According to MarketBeat, the stock has an average rating of “Moderate Buy” and an average target price of $501.82.

Linde Trading Down 0.8 %

LIN stock opened at $458.00 on Monday. The business’s 50-day moving average is $436.88 and its 200 day moving average is $454.48. Linde plc has a 12-month low of $410.69 and a 12-month high of $487.49. The stock 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. 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 (NASDAQ:LIN) last issued its quarterly earnings results 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%. On average, sell-side analysts anticipate that Linde plc will post 16.54 EPS for the current fiscal 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.