abrdn plc Lowers Holdings in Linde plc (NASDAQ:LIN)

abrdn plc lowered its position in shares of Linde plc (NASDAQ:LIN) by 0.0% during the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 430,948 shares of the basic materials company’s stock after selling 40 shares during the period. abrdn plc’s holdings in Linde were worth $179,921,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also recently made changes to their positions in the company. Synergy Asset Management LLC bought a new position in Linde in the fourth quarter worth about $25,000. Global Wealth Strategies & Associates lifted its position in Linde by 144.8% during the fourth 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 during the last quarter. Kozak & Associates Inc. acquired a new stake in Linde in the third quarter valued at approximately $34,000. Retirement Wealth Solutions LLC purchased a new stake in shares of Linde during the 4th quarter valued at $34,000. Finally, Hanson & Doremus Investment Management grew its stake in Linde by 34.2% during the 4th quarter. Hanson & Doremus Investment Management now owns 98 shares of the basic materials company’s stock worth $41,000 after buying an additional 25 shares during the last quarter. 82.80% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

Several equities research analysts have weighed in on the company. Deutsche Bank Aktiengesellschaft raised their price target on Linde from $510.00 to $515.00 and gave the stock a “buy” rating in a report on Friday, November 1st. TD Cowen raised shares of Linde from a “hold” rating to a “buy” rating and boosted their target price for the stock from $480.00 to $515.00 in a research report on Monday, January 13th. BMO Capital Markets upped their price target on shares of Linde from $477.00 to $507.00 and gave the company an “outperform” rating in a research note on Friday, November 1st. Erste Group Bank reiterated a “hold” rating on shares of Linde in a research note on Tuesday, November 19th. Finally, Mizuho upped their target price on Linde from $520.00 to $530.00 and gave the company an “outperform” rating in a research 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 company. According to data from MarketBeat.com, Linde has a consensus rating of “Moderate Buy” and a consensus price target of $501.82.

Insider Transactions at Linde

In other news, VP David P. Strauss sold 2,218 shares of the stock in a transaction dated Monday, December 16th. The shares were sold at an average price of $434.35, for a total transaction of $963,388.30. Following the completion of the sale, the vice president now owns 25,926 shares in the company, valued at approximately $11,260,958.10. This represents a 7.88 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, VP Guillermo Bichara sold 4,385 shares of the firm’s stock in a transaction 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 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 disclosure for this sale can be found here. Company insiders own 0.60% of the company’s stock.

Linde Trading Up 1.8 %

Shares of Linde stock opened at $454.21 on Tuesday. Linde plc has a fifty-two week low of $396.07 and a fifty-two week high of $487.49. The company has a debt-to-equity ratio of 0.43, a quick ratio of 0.81 and a current ratio of 0.96. The firm has a market capitalization of $216.28 billion, a price-to-earnings ratio of 34.49, a PEG ratio of 2.77 and a beta of 0.94. The stock has a 50 day moving average of $434.54 and a 200 day moving average of $453.31.

Linde 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.