Linde plc (NASDAQ:LIN) Holdings Lowered by Cigna Investments Inc. New

Cigna Investments Inc. New trimmed its holdings in shares of Linde plc (NASDAQ:LIN) by 1.2% during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 4,887 shares of the basic materials company’s stock after selling 58 shares during the period. Cigna Investments Inc. New’s holdings in Linde were worth $2,046,000 as of its most recent filing with the Securities and Exchange Commission.

Several other large investors have also recently bought and sold shares of LIN. AMF Tjanstepension AB raised its position in Linde by 108.7% during the third quarter. AMF Tjanstepension AB now owns 784,477 shares of the basic materials company’s stock valued at $374,086,000 after buying an additional 408,659 shares during the period. Carnegie Investment Counsel increased its position in Linde by 2.2% in the 3rd quarter. Carnegie Investment Counsel now owns 1,570 shares of the basic materials company’s stock worth $749,000 after purchasing an additional 34 shares during the last quarter. Exchange Traded Concepts LLC increased its position in Linde by 52.6% in the 3rd quarter. Exchange Traded Concepts LLC now owns 5,556 shares of the basic materials company’s stock worth $2,649,000 after purchasing an additional 1,916 shares during the last quarter. CVA Family Office LLC raised its stake in shares of Linde by 2.9% in the 3rd quarter. CVA Family Office LLC now owns 851 shares of the basic materials company’s stock valued at $406,000 after acquiring an additional 24 shares in the last quarter. Finally, Webster Bank N. A. grew its holdings in Linde by 10.9% in the 3rd quarter. Webster Bank N. A. now owns 1,037 shares of the basic materials company’s stock valued at $495,000 after buying an additional 102 shares during the last quarter. 82.80% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

A number of analysts have issued reports on LIN shares. Erste Group Bank reaffirmed a “hold” rating on shares of Linde in a report on Tuesday, November 19th. BMO Capital Markets lifted their price objective on Linde from $477.00 to $507.00 and gave the stock an “outperform” rating in a report on Friday, November 1st. TD Cowen raised 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. Deutsche Bank Aktiengesellschaft raised their target price on Linde from $510.00 to $515.00 and gave the stock a “buy” rating in a research report on Friday, November 1st. Finally, Citigroup cut their target price on Linde from $490.00 to $480.00 and set a “neutral” rating for the company in a research report on Wednesday, December 18th. Four investment analysts have rated the stock with a hold rating and nine have given a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average target price of $501.82.

Insider Buying and Selling at Linde

In other news, VP Guillermo Bichara sold 4,385 shares of the company’s stock in a transaction that occurred 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 owns 22,776 shares of the company’s stock, 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 document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, Director Paula Rosput Reynolds purchased 100 shares of Linde stock in a transaction that occurred on Thursday, December 12th. The shares were bought at an average cost of $441.34 per share, for a total transaction of $44,134.00. Following the transaction, the director now directly owns 233 shares of the company’s stock, valued at $102,832.22. This represents a 75.19 % increase in their ownership of the stock. The disclosure for this purchase can be found here. Corporate insiders own 0.60% of the company’s stock.

Linde Stock Up 1.3 %

NASDAQ:LIN opened at $460.86 on Tuesday. Linde plc has a 1 year low of $410.69 and a 1 year high of $487.49. The company has a current ratio of 0.89, a quick ratio of 0.81 and a debt-to-equity ratio of 0.39. The stock has a market cap of $219.44 billion, a price-to-earnings ratio of 33.86, a PEG ratio of 2.89 and a beta of 0.94. The stock has a 50-day moving average price of $434.36 and a two-hundred day moving average price of $453.66.

Linde (NASDAQ:LIN) last posted its quarterly earnings data on Thursday, February 6th. The basic materials company reported $3.97 earnings per share for the quarter, topping the consensus estimate 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 analysts expect that Linde plc will post 16.55 earnings per share for the current year.

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.