EdgeRock Capital LLC Trims Stock Holdings in Linde plc (NASDAQ:LIN)

EdgeRock Capital LLC decreased its position in Linde plc (NASDAQ:LIN) by 4.7% in the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 503 shares of the basic materials company’s stock after selling 25 shares during the quarter. EdgeRock Capital LLC’s holdings in Linde were worth $211,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also added to or reduced their stakes in the company. Acorn Wealth Advisors LLC lifted its holdings in shares of Linde by 9.4% during the fourth quarter. Acorn Wealth Advisors LLC now owns 618 shares of the basic materials company’s stock valued at $259,000 after purchasing an additional 53 shares during the last quarter. Sentry Investment Management LLC increased its position in Linde by 47.9% during the 4th quarter. Sentry Investment Management LLC now owns 1,982 shares of the basic materials company’s stock valued at $830,000 after buying an additional 642 shares in the last quarter. Wrapmanager Inc. raised its stake in Linde by 1.3% during the fourth quarter. Wrapmanager Inc. now owns 1,693 shares of the basic materials company’s stock valued at $709,000 after buying an additional 22 shares during the last quarter. CWS Financial Advisors LLC boosted its holdings in Linde by 30.9% in the fourth quarter. CWS Financial Advisors LLC now owns 1,212 shares of the basic materials company’s stock worth $507,000 after acquiring an additional 286 shares in the last quarter. Finally, Addison Advisors LLC grew its stake in shares of Linde by 66.3% in the fourth quarter. Addison Advisors LLC now owns 153 shares of the basic materials company’s stock worth $64,000 after acquiring an additional 61 shares during the last quarter. Hedge funds and other institutional investors own 82.80% of the company’s stock.

Analysts Set New Price Targets

Several equities analysts have recently issued reports on the company. Citigroup lowered their price target on Linde from $490.00 to $480.00 and set a “neutral” rating for the company in a research report on Wednesday, December 18th. TD Cowen upgraded shares of Linde from a “hold” rating to a “buy” rating and upped their target price for the stock from $480.00 to $515.00 in a research note on Monday, January 13th. Deutsche Bank Aktiengesellschaft increased their price target on shares of Linde from $510.00 to $515.00 and gave the company a “buy” rating in a report on Friday, November 1st. Mizuho upped their price objective on Linde from $520.00 to $530.00 and gave the company an “outperform” rating in a research report on Friday, November 1st. Finally, BMO Capital Markets increased their target price on Linde from $477.00 to $507.00 and gave the company 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 stock. According to MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $501.82.

Linde Trading Up 0.1 %

Linde stock opened at $458.53 on Tuesday. 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 plc has a 12-month low of $410.69 and a 12-month high of $487.49. The firm has a market capitalization of $218.33 billion, a price-to-earnings ratio of 33.69, a P/E/G ratio of 3.08 and a beta of 0.94. The firm has a 50 day moving average of $437.49 and a 200 day moving average of $454.56.

Linde (NASDAQ:LIN) last announced its quarterly earnings data on Thursday, February 6th. The basic materials company reported $3.97 earnings per share (EPS) for the quarter, topping 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%. As a group, research analysts predict that Linde plc will post 16.54 earnings per share for the current year.

Insider Buying and Selling at Linde

In related news, VP Guillermo Bichara sold 4,385 shares of the company’s stock in a transaction 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 transaction, the vice president now owns 22,776 shares in the company, valued at approximately $10,493,586.48. This represents a 16.14 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, Director Robert L. Wood sold 2,900 shares of Linde stock in a transaction on Monday, February 10th. The shares were sold at an average price of $456.26, for a total transaction of $1,323,154.00. Following the completion of the sale, the director now owns 14,013 shares in the company, valued at approximately $6,393,571.38. This represents a 17.15 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 16,285 shares of company stock valued at $7,423,986 over the last ninety days. 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.