abrdn plc Sells 40 Shares of Linde plc (NASDAQ:LIN)

abrdn plc cut its stake in shares of Linde plc (NASDAQ:LIN) by 0.0% during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 430,948 shares of the basic materials company’s stock after selling 40 shares during the quarter. abrdn plc owned 0.09% of Linde worth $179,921,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors have also added to or reduced their stakes in LIN. Synergy Asset Management LLC acquired a new position in Linde in the fourth quarter valued at $25,000. Kozak & Associates Inc. bought a new position in shares of Linde in the 3rd quarter worth about $34,000. Global Wealth Strategies & Associates lifted its stake in shares of Linde by 144.8% in the 4th quarter. Global Wealth Strategies & Associates now owns 71 shares of the basic materials company’s stock valued at $30,000 after purchasing an additional 42 shares during the period. Retirement Wealth Solutions LLC bought a new stake in shares of Linde during the 4th quarter valued at about $34,000. Finally, Capital Performance Advisors LLP acquired a new stake in Linde during the third quarter worth approximately $43,000. 82.80% of the stock is currently owned by institutional investors and hedge funds.

Linde Stock Up 1.8 %

NASDAQ:LIN opened at $454.21 on Tuesday. 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 cap of $216.28 billion, a P/E ratio of 34.49, a P/E/G ratio of 2.77 and a beta of 0.94. Linde plc has a fifty-two week low of $396.07 and a fifty-two week high of $487.49. The firm has a 50-day simple moving average of $434.54 and a two-hundred day simple moving average of $453.31.

Wall Street Analysts Forecast Growth

A number of equities research analysts recently weighed in on the stock. Citigroup lowered their target price 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. Deutsche Bank Aktiengesellschaft lifted their target price on Linde from $510.00 to $515.00 and gave the company a “buy” rating in a research report on Friday, November 1st. BMO Capital Markets increased their price target on Linde from $477.00 to $507.00 and gave the company an “outperform” rating in a research report on Friday, November 1st. TD Cowen raised shares of Linde from a “hold” rating to a “buy” rating and lifted their price objective for the stock from $480.00 to $515.00 in a report on Monday, January 13th. Finally, Mizuho raised their price target on shares of Linde from $520.00 to $530.00 and gave the company an “outperform” rating in a research report 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. Based on data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $501.82.

Insider Buying and Selling

In related news, VP Guillermo Bichara sold 4,385 shares of the company’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 in the company, valued at approximately $10,493,586.48. This represents a 16.14 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, VP David P. Strauss sold 2,218 shares of the business’s stock in a transaction dated Monday, December 16th. The shares were sold at an average price of $434.35, for a total value of $963,388.30. Following the sale, the vice president now owns 25,926 shares of the company’s stock, valued at approximately $11,260,958.10. This represents a 7.88 % decrease in their ownership of the stock. The disclosure for this sale can be found here. 0.60% of the stock is owned by corporate insiders.

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.