Linde plc (NASDAQ:LIN) Shares Sold by Quotient Wealth Partners LLC

Quotient Wealth Partners LLC trimmed its position in shares of Linde plc (NASDAQ:LIN) by 12.3% in the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 2,372 shares of the basic materials company’s stock after selling 334 shares during the quarter. Quotient Wealth Partners LLC’s holdings in Linde were worth $993,000 at the end of the most recent quarter.

Several other institutional investors also recently bought and sold shares of the company. AMF Tjanstepension AB boosted its holdings in Linde by 108.7% in the third quarter. AMF Tjanstepension AB now owns 784,477 shares of the basic materials company’s stock valued at $374,086,000 after purchasing an additional 408,659 shares during the period. CWM LLC increased its stake in shares of Linde by 6.5% during the third quarter. CWM LLC now owns 10,403 shares of the basic materials company’s stock worth $4,961,000 after buying an additional 639 shares during the period. Beaumont Financial Advisors LLC acquired a new stake in Linde in the third quarter valued at approximately $209,000. Independence Bank of Kentucky lifted its stake in Linde by 80.4% in the third quarter. Independence Bank of Kentucky now owns 1,129 shares of the basic materials company’s stock worth $538,000 after acquiring an additional 503 shares during the last quarter. Finally, JGP Wealth Management LLC purchased a new stake in shares of Linde in the 3rd quarter valued at approximately $220,000. 82.80% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

A number of equities analysts recently commented on the stock. Deutsche Bank Aktiengesellschaft boosted their target price on shares of Linde from $510.00 to $515.00 and gave the stock a “buy” rating in a research note on Friday, November 1st. Erste Group Bank reissued a “hold” rating on shares of Linde in a research report on Tuesday, November 19th. TD Cowen raised Linde from a “hold” rating to a “buy” rating and upped their price target for the company from $480.00 to $515.00 in a report on Monday, January 13th. Citigroup cut their price objective on shares of Linde from $490.00 to $480.00 and set a “neutral” rating on the stock in a report on Wednesday, December 18th. Finally, BMO Capital Markets lifted their price target on shares of Linde from $477.00 to $507.00 and gave the stock an “outperform” rating in a research note on Friday, November 1st. Four investment 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, Linde currently has an average rating of “Moderate Buy” and an average target price of $501.82.

Linde Stock Down 1.2 %

Shares of NASDAQ:LIN opened at $455.05 on Friday. Linde plc has a fifty-two week low of $410.69 and a fifty-two week high of $487.49. The company has a quick ratio of 0.81, a current ratio of 0.89 and a debt-to-equity ratio of 0.39. The firm’s 50-day simple moving average is $434.36 and its 200-day simple moving average is $453.55. The company has a market cap of $216.68 billion, a price-to-earnings ratio of 33.43, a PEG ratio of 2.89 and a beta of 0.94.

Linde (NASDAQ:LIN) last announced its quarterly earnings data 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 return on equity of 18.71% and a net margin of 19.89%. As a group, equities research analysts predict that Linde plc will post 16.55 earnings per share for the current year.

Insiders Place Their Bets

In other Linde news, Director Paula Rosput Reynolds purchased 100 shares of the stock in a transaction dated Thursday, December 12th. The shares were acquired at an average cost of $441.34 per share, for a total transaction of $44,134.00. Following the completion of the transaction, the director now directly owns 233 shares of the company’s stock, valued at $102,832.22. This trade represents a 75.19 % increase in their ownership of the stock. The purchase was disclosed in a filing with the SEC, which is available through this hyperlink. 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 value of $2,020,301.05. Following the transaction, the vice president now directly owns 22,776 shares of the company’s stock, valued at $10,493,586.48. The trade was a 16.14 % decrease in their position. The disclosure for this sale can be found here. 0.60% of the stock is currently owned by company 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.