Global Retirement Partners LLC Sells 2,366 Shares of Linde plc (NASDAQ:LIN)

Global Retirement Partners LLC decreased its holdings in shares of Linde plc (NASDAQ:LIN) by 56.5% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 1,819 shares of the basic materials company’s stock after selling 2,366 shares during the period. Global Retirement Partners LLC’s holdings in Linde were worth $762,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds have also recently modified their holdings of the business. Timber Creek Capital Management LLC grew its position in shares of Linde by 0.8% during the 4th quarter. Timber Creek Capital Management LLC now owns 10,147 shares of the basic materials company’s stock valued at $4,248,000 after acquiring an additional 83 shares during the period. Atlas Legacy Advisors LLC bought a new stake in shares of Linde during the 4th quarter valued at $848,000. Bank of Jackson Hole Trust bought a new stake in shares of Linde during the 4th quarter valued at $59,000. Klingman & Associates LLC grew its position in shares of Linde by 3.1% during the 4th quarter. Klingman & Associates LLC now owns 928 shares of the basic materials company’s stock valued at $389,000 after acquiring an additional 28 shares during the period. Finally, BKM Wealth Management LLC grew its position in shares of Linde by 3.7% during the 4th quarter. BKM Wealth Management LLC now owns 5,012 shares of the basic materials company’s stock valued at $2,098,000 after acquiring an additional 181 shares during the period. Institutional investors own 82.80% of the company’s stock.

Analysts Set New Price Targets

LIN has been the topic of a number of analyst reports. TD Cowen upgraded shares of Linde from a “hold” rating to a “buy” rating and lifted their target price for the company from $480.00 to $515.00 in a research note on Monday, January 13th. Deutsche Bank Aktiengesellschaft lifted their target price on shares of Linde from $510.00 to $515.00 and gave the company a “buy” rating in a research note on Friday, November 1st. Erste Group Bank restated a “hold” rating on shares of Linde in a research note on Tuesday, November 19th. BMO Capital Markets lifted their target price on shares of Linde from $477.00 to $507.00 and gave the company an “outperform” rating in a research note on Friday, November 1st. Finally, Mizuho lifted their target price 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. Four investment 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 company presently has an average rating of “Moderate Buy” and an average target price of $501.82.

Insider Activity

In other news, VP Guillermo Bichara sold 4,385 shares of the company’s stock in a transaction dated Wednesday, December 4th. The shares were sold at an average price of $460.73, for a total transaction of $2,020,301.05. Following the sale, the vice president now directly owns 22,776 shares in the company, valued at approximately $10,493,586.48. This represents a 16.14 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, VP David P. Strauss sold 2,218 shares of the company’s stock in a transaction dated Monday, December 16th. The shares were sold at an average price of $434.35, for a total transaction of $963,388.30. Following the sale, the vice president now owns 25,926 shares in the company, valued at $11,260,958.10. This represents a 7.88 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last three months, insiders have sold 16,285 shares of company stock worth $7,423,986. 0.60% of the stock is currently owned by corporate insiders.

Linde Stock Down 0.8 %

Shares of LIN stock opened at $458.00 on Friday. The stock has a market cap of $218.08 billion, a P/E 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. The company has a quick ratio of 0.76, a current ratio of 0.89 and a debt-to-equity ratio of 0.39. The company’s fifty day simple moving average is $436.88 and its two-hundred day simple moving average is $454.39.

Linde (NASDAQ:LIN) last announced its quarterly 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 net margin of 19.89% and a return on equity of 18.71%. Analysts predict that Linde plc will post 16.54 EPS 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.