Linde plc (NASDAQ:LIN) Director Robert L. Wood Sells 2,900 Shares

Linde plc (NASDAQ:LIN) Director Robert L. Wood sold 2,900 shares of the business’s stock in a transaction that occurred on Monday, February 10th. The stock was sold at an average price of $456.26, for a total transaction of $1,323,154.00. Following the sale, the director now directly owns 14,013 shares in the company, valued at approximately $6,393,571.38. This represents a 17.15 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink.

Linde Stock Performance

LIN opened at $457.00 on Friday. The company has a debt-to-equity ratio of 0.39, a current ratio of 0.89 and a quick ratio of 0.81. The firm has a fifty day moving average price of $434.67 and a 200 day moving average price of $453.94. Linde plc has a 1 year low of $410.69 and a 1 year high of $487.49. The stock has a market cap of $217.60 billion, a P/E ratio of 33.58, a P/E/G ratio of 2.89 and a beta of 0.94.

Linde (NASDAQ:LIN) last posted its earnings results on Thursday, February 6th. The basic materials company reported $3.97 earnings per share (EPS) for the quarter, beating the consensus estimate of $3.93 by $0.04. Linde had a net margin of 19.89% and a return on equity of 18.71%. Equities research analysts anticipate that Linde plc will post 16.55 earnings per share for the current year.

Institutional Investors Weigh In On Linde

Institutional investors and hedge funds have recently added to or reduced their stakes in the stock. Synergy Asset Management LLC purchased a new stake in Linde in the 4th quarter worth $25,000. Rakuten Securities Inc. increased its holdings in Linde by 1,160.0% in the 4th quarter. Rakuten Securities Inc. now owns 63 shares of the basic materials company’s stock worth $26,000 after acquiring an additional 58 shares in the last quarter. Kozak & Associates Inc. purchased a new stake in Linde in the 3rd quarter worth $34,000. Global Wealth Strategies & Associates increased its holdings in Linde by 144.8% in the 4th 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 in the last quarter. Finally, Retirement Wealth Solutions LLC purchased a new stake in Linde in the 4th quarter worth $34,000. Hedge funds and other institutional investors own 82.80% of the company’s stock.

Analyst Ratings Changes

Several analysts have weighed in on the stock. BMO Capital Markets boosted their target price on shares of Linde from $477.00 to $507.00 and gave the stock an “outperform” rating in a research report on Friday, November 1st. Erste Group Bank restated a “hold” rating on shares of Linde in a research note on Tuesday, November 19th. Mizuho lifted their price objective on shares of Linde from $520.00 to $530.00 and gave the company an “outperform” rating in a research note on Friday, November 1st. Citigroup decreased their price objective on shares of Linde from $490.00 to $480.00 and set a “neutral” rating for the company in a research note on Wednesday, December 18th. Finally, TD Cowen upgraded shares of Linde from a “hold” rating to a “buy” rating and lifted their price objective for the company from $480.00 to $515.00 in a research note on Monday, January 13th. Four equities research analysts have rated the stock with a hold rating and nine have given a buy rating to the company. According to data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average price target of $501.82.

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.