Linde plc (NASDAQ:LIN) Director Sells $1,323,154.00 in Stock

Linde plc (NASDAQ:LIN) Director Robert L. Wood sold 2,900 shares of the company’s stock in a transaction dated Monday, February 10th. The shares were sold at an average price of $456.26, for a total transaction of $1,323,154.00. Following the completion of the transaction, the director now owns 14,013 shares in the company, valued at approximately $6,393,571.38. This trade represents a 17.15 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which can be accessed through this link.

Linde Trading Down 0.4 %

LIN stock traded down $1.99 during midday trading on Wednesday, reaching $458.75. 350,330 shares of the company’s stock traded hands, compared to its average volume of 2,256,787. The company has a debt-to-equity ratio of 0.39, a current ratio of 0.89 and a quick ratio of 0.81. Linde plc has a fifty-two week low of $410.69 and a fifty-two week high of $487.49. The business has a 50-day moving average price of $434.44 and a two-hundred day moving average price of $453.86. The company has a market capitalization of $218.44 billion, a P/E ratio of 33.70, a PEG ratio of 2.89 and a beta of 0.94.

Linde (NASDAQ:LIN) last announced its quarterly earnings results on Thursday, February 6th. The basic materials company reported $3.97 earnings per share for the quarter, topping 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%. Equities research analysts forecast that Linde plc will post 16.55 EPS for the current fiscal year.

Institutional Investors Weigh In On Linde

A number of large investors have recently modified their holdings of LIN. Synergy Asset Management LLC acquired a new stake in Linde in the fourth quarter valued at approximately $25,000. Rakuten Securities Inc. lifted its position in shares of Linde by 1,160.0% during the fourth quarter. Rakuten Securities Inc. now owns 63 shares of the basic materials company’s stock worth $26,000 after purchasing an additional 58 shares in the last quarter. Strategic Financial Concepts LLC purchased a new position in shares of Linde in the fourth quarter valued at $28,000. Global Wealth Strategies & Associates grew its holdings in 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 purchasing an additional 42 shares in the last quarter. Finally, Kozak & Associates Inc. acquired a new stake in Linde during the 3rd quarter valued at $34,000. Institutional investors and hedge funds own 82.80% of the company’s stock.

Analyst Upgrades and Downgrades

LIN has been the topic of a number of analyst reports. Erste Group Bank restated 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. TD Cowen upgraded Linde from a “hold” rating to a “buy” rating and upped their target price for the company from $480.00 to $515.00 in a research note on Monday, January 13th. Deutsche Bank Aktiengesellschaft raised their price target on Linde from $510.00 to $515.00 and gave the stock a “buy” rating in a research note on Friday, November 1st. Finally, Citigroup lowered their price target on Linde from $490.00 to $480.00 and set a “neutral” rating for the company in a report on Wednesday, December 18th. Four 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, the company presently has an average rating of “Moderate Buy” and an average 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.