Linde plc (NASDAQ:LIN) Stake Reduced by Rothschild Investment LLC

Rothschild Investment LLC lowered its stake in Linde plc (NASDAQ:LIN) by 4.6% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 8,724 shares of the basic materials company’s stock after selling 420 shares during the quarter. Rothschild Investment LLC’s holdings in Linde were worth $3,652,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors and hedge funds also recently bought and sold shares of the business. Geode Capital Management LLC lifted its holdings in shares of Linde by 1.4% during the 3rd quarter. Geode Capital Management LLC now owns 10,973,175 shares of the basic materials company’s stock valued at $5,217,197,000 after buying an additional 154,792 shares during the last quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC lifted its holdings in shares of Linde by 372.8% during the 3rd quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 3,288,088 shares of the basic materials company’s stock valued at $1,567,958,000 after buying an additional 2,592,682 shares during the last quarter. Charles Schwab Investment Management Inc. lifted its holdings in shares of Linde by 1.7% during the 3rd quarter. Charles Schwab Investment Management Inc. now owns 3,015,882 shares of the basic materials company’s stock valued at $1,438,154,000 after buying an additional 50,882 shares during the last quarter. Impax Asset Management Group plc lifted its holdings in shares of Linde by 2.4% during the 3rd quarter. Impax Asset Management Group plc now owns 2,374,339 shares of the basic materials company’s stock valued at $1,130,986,000 after buying an additional 56,775 shares during the last quarter. Finally, Nordea Investment Management AB lifted its holdings in shares of Linde by 2.2% during the 4th quarter. Nordea Investment Management AB now owns 2,145,643 shares of the basic materials company’s stock valued at $898,188,000 after buying an additional 46,843 shares during the last quarter. Hedge funds and other institutional investors own 82.80% of the company’s stock.

Insider Activity

In other 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 transaction, the vice president now owns 22,776 shares of the company’s stock, valued at $10,493,586.48. This represents a 16.14 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available through this link. Also, VP David P. Strauss sold 2,218 shares of the company’s stock in a transaction on Monday, December 16th. The shares were sold at an average price of $434.35, for a total value of $963,388.30. Following the transaction, the vice president now directly owns 25,926 shares in the company, valued at $11,260,958.10. This trade represents a 7.88 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 16,285 shares of company stock valued at $7,423,986 over the last 90 days. 0.60% of the stock is owned by company insiders.

Analysts Set New Price Targets

Several equities research analysts have recently issued reports on the company. Deutsche Bank Aktiengesellschaft lifted their price target on Linde from $510.00 to $515.00 and gave the company a “buy” rating in a report on Friday, November 1st. Citigroup reduced their target price on Linde from $490.00 to $480.00 and set a “neutral” rating for the company in a report on Wednesday, December 18th. Erste Group Bank restated a “hold” rating on shares of Linde in a report on Tuesday, November 19th. BMO Capital Markets boosted their target price on Linde from $477.00 to $507.00 and gave the stock an “outperform” rating in a report on Friday, November 1st. Finally, TD Cowen upgraded Linde from a “hold” rating to a “buy” rating and boosted their target price for the stock from $480.00 to $515.00 in a report on Monday, January 13th. Four analysts have rated the stock with a hold rating and nine have issued a buy rating to the company. Based on data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $501.82.

Linde Stock Down 0.8 %

Shares of LIN stock opened at $458.00 on Monday. The stock has a 50 day moving average of $436.88 and a 200-day moving average of $454.48. Linde plc has a 12 month low of $410.69 and a 12 month high of $487.49. The firm has a market cap of $218.08 billion, a PE ratio of 33.65, a price-to-earnings-growth ratio of 3.08 and a beta of 0.94. The company has a quick ratio of 0.76, a current ratio of 0.89 and a debt-to-equity ratio of 0.39.

Linde (NASDAQ:LIN) last announced its earnings results on Thursday, February 6th. The basic materials company reported $3.97 EPS 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%. On average, equities analysts predict that Linde plc will post 16.54 EPS 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.