Linde plc (NASDAQ:LIN) Shares Sold by J. W. Coons Advisors LLC

J. W. Coons Advisors LLC lessened its holdings in shares of Linde plc (NASDAQ:LIN) by 1.1% in the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 3,213 shares of the basic materials company’s stock after selling 35 shares during the quarter. J. W. Coons Advisors LLC’s holdings in Linde were worth $1,345,000 at the end of the most recent quarter.

A number of other hedge funds have also recently bought and sold shares of LIN. Concord Asset Management LLC VA boosted its position in Linde by 0.5% during the fourth quarter. Concord Asset Management LLC VA now owns 4,774 shares of the basic materials company’s stock valued at $1,999,000 after purchasing an additional 23 shares during the last quarter. Salomon & Ludwin LLC boosted its position in Linde by 14.3% during the third quarter. Salomon & Ludwin LLC now owns 192 shares of the basic materials company’s stock valued at $92,000 after purchasing an additional 24 shares during the last quarter. Fourpath Capital Management LLC boosted its position in Linde by 0.6% during the fourth quarter. Fourpath Capital Management LLC now owns 4,138 shares of the basic materials company’s stock valued at $1,732,000 after purchasing an additional 24 shares during the last quarter. Romano Brothers AND Company boosted its position in Linde by 1.3% during the fourth quarter. Romano Brothers AND Company now owns 2,009 shares of the basic materials company’s stock valued at $841,000 after purchasing an additional 25 shares during the last quarter. Finally, MCF Advisors LLC boosted its position in Linde by 17.9% during the fourth quarter. MCF Advisors LLC now owns 165 shares of the basic materials company’s stock valued at $69,000 after purchasing an additional 25 shares during the last quarter. Institutional investors and hedge funds own 82.80% of the company’s stock.

Insider Transactions at Linde

In related news, VP Guillermo Bichara sold 4,385 shares of the business’s stock in a transaction dated 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 transaction, the vice president now directly 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 sale was disclosed in a legal filing with the SEC, which is available at this link. Also, VP Juergen Nowicki sold 6,782 shares of the business’s stock in a transaction dated Thursday, February 20th. The shares were sold at an average price of $459.62, for a total value of $3,117,142.84. Following the transaction, the vice president now owns 14,765 shares in the company, valued at $6,786,289.30. This represents a 31.48 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 16,285 shares of company stock worth $7,423,986. Company insiders own 0.60% of the company’s stock.

Linde Trading Down 0.8 %

Linde stock opened at $458.00 on Monday. The company has a debt-to-equity ratio of 0.39, a quick ratio of 0.76 and a current ratio of 0.89. The business’s 50-day simple moving average is $436.88 and its 200-day simple moving average is $454.48. The firm has a market capitalization of $218.08 billion, a PE ratio of 33.65, a PEG ratio of 3.08 and a beta of 0.94. Linde plc has a 52 week low of $410.69 and a 52 week high of $487.49.

Linde (NASDAQ:LIN) last posted its quarterly earnings data on Thursday, February 6th. The basic materials company reported $3.97 EPS for the quarter, topping analysts’ consensus estimates of $3.93 by $0.04. Linde had a return on equity of 18.71% and a net margin of 19.89%. Equities research analysts forecast that Linde plc will post 16.54 earnings per share for the current year.

Analyst Ratings Changes

A number of analysts recently issued reports on LIN shares. Citigroup reduced their price objective on Linde from $490.00 to $480.00 and set a “neutral” rating for the company in a research report on Wednesday, December 18th. Deutsche Bank Aktiengesellschaft lifted their price objective on Linde from $510.00 to $515.00 and gave the company a “buy” rating in a research report on Friday, November 1st. TD Cowen raised 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 report on Monday, January 13th. BMO Capital Markets boosted their price target on Linde from $477.00 to $507.00 and gave the stock an “outperform” rating in a research report on Friday, November 1st. Finally, Erste Group Bank reaffirmed a “hold” rating on shares of Linde in a research report on Tuesday, November 19th. Four research analysts have rated the stock with a hold rating and nine have assigned a buy rating to the company. According to data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price 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.