Linde plc (NASDAQ:LIN) Shares Sold by Certuity LLC

Certuity LLC cut its holdings in Linde plc (NASDAQ:LIN) by 11.6% in the 4th quarter, HoldingsChannel reports. The fund owned 1,042 shares of the basic materials company’s stock after selling 137 shares during the period. Certuity LLC’s holdings in Linde were worth $436,000 at the end of the most recent quarter.

A number of other large investors also recently made changes to their positions in the business. Synergy Asset Management LLC acquired a new position in Linde in the fourth quarter valued at $25,000. Kozak & Associates Inc. purchased a new stake in Linde in the 3rd quarter valued at about $34,000. Global Wealth Strategies & Associates increased its stake in shares of Linde by 144.8% during the 4th quarter. Global Wealth Strategies & Associates now owns 71 shares of the basic materials company’s stock valued at $30,000 after acquiring an additional 42 shares during the last quarter. Retirement Wealth Solutions LLC purchased a new position in shares of Linde during the 4th quarter worth about $34,000. Finally, Capital Performance Advisors LLP acquired a new stake in shares of Linde in the third quarter worth approximately $43,000. Hedge funds and other institutional investors own 82.80% of the company’s stock.

Insider Transactions at Linde

In other Linde news, Director Robert L. Wood sold 2,900 shares of Linde stock in a transaction that occurred on Monday, February 10th. The stock was sold at an average price of $456.26, for a total value of $1,323,154.00. Following the completion of the transaction, the director now directly owns 14,013 shares in the company, valued at $6,393,571.38. The trade was a 17.15 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at this link. Also, VP Guillermo Bichara sold 4,385 shares of the 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 sale, the vice president now owns 22,776 shares in the company, valued at $10,493,586.48. The trade was a 16.14 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last quarter, insiders sold 9,503 shares of company stock valued at $4,306,843. 0.60% of the stock is currently owned by corporate insiders.

Wall Street Analyst Weigh In

Several brokerages recently commented on LIN. Deutsche Bank Aktiengesellschaft upped their price target on shares of Linde from $510.00 to $515.00 and gave the stock a “buy” rating in a research report on Friday, November 1st. TD Cowen raised Linde from a “hold” rating to a “buy” rating and increased their target price for the stock from $480.00 to $515.00 in a research report on Monday, January 13th. Erste Group Bank reissued a “hold” rating on shares of Linde in a research report on Tuesday, November 19th. BMO Capital Markets raised 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. Finally, Mizuho lifted their price objective on Linde from $520.00 to $530.00 and gave the company an “outperform” rating in a research note on Friday, November 1st. Four analysts have rated the stock with a hold rating and nine have given a buy rating to the stock. According to data from MarketBeat.com, Linde presently has a consensus rating of “Moderate Buy” and an average target price of $501.82.

Linde Stock Performance

Shares of NASDAQ:LIN opened at $458.56 on Thursday. The business’s 50-day simple moving average is $434.44 and its 200 day simple moving average is $453.86. The company has a market cap of $218.35 billion, a P/E ratio of 33.69, a PEG ratio of 2.89 and a beta of 0.94. The company has a debt-to-equity ratio of 0.39, a quick ratio of 0.81 and a current ratio of 0.89. Linde plc has a one year low of $410.69 and a one year high of $487.49.

Linde (NASDAQ:LIN) last posted its quarterly earnings data on Thursday, February 6th. The basic materials company reported $3.97 earnings per share (EPS) for the quarter, beating 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%. On average, sell-side analysts forecast that Linde plc will post 16.55 earnings per share for the current fiscal year.

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.