Linde plc (NASDAQ:LIN) Shares Sold by Everhart Financial Group Inc.

Everhart Financial Group Inc. reduced its holdings in shares of Linde plc (NASDAQ:LIN) by 8.1% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 1,854 shares of the basic materials company’s stock after selling 163 shares during the period. Everhart Financial Group Inc.’s holdings in Linde were worth $776,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other hedge funds also recently added to or reduced their stakes in LIN. AMF Tjanstepension AB increased its position in Linde by 108.7% during the 3rd quarter. AMF Tjanstepension AB now owns 784,477 shares of the basic materials company’s stock valued at $374,086,000 after buying an additional 408,659 shares in the last quarter. Creative Planning increased its holdings in shares of Linde by 16.8% in the third quarter. Creative Planning now owns 60,292 shares of the basic materials company’s stock valued at $28,751,000 after purchasing an additional 8,659 shares during the period. Good Life Advisors LLC acquired a new position in shares of Linde in the third quarter valued at about $255,000. Howard Capital Management Group LLC acquired a new position in shares of Linde in the third quarter valued at about $252,000. Finally, Stratos Investment Management LLC increased its holdings in shares of Linde by 9.3% in the third quarter. Stratos Investment Management LLC now owns 980 shares of the basic materials company’s stock valued at $467,000 after purchasing an additional 83 shares during the period. 82.80% of the stock is owned by institutional investors and hedge funds.

Insiders Place Their Bets

In other Linde news, 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 transaction of $2,020,301.05. Following the completion of 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 Securities & Exchange Commission, which is available through this hyperlink. Also, Director Robert L. Wood sold 2,900 shares of the stock in a transaction that occurred on Monday, February 10th. The shares were sold at an average price of $456.26, for a total value of $1,323,154.00. Following the transaction, the director now directly owns 14,013 shares of the company’s stock, valued at $6,393,571.38. The trade was a 17.15 % decrease in their position. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 9,503 shares of company stock worth $4,306,843. 0.60% of the stock is owned by corporate insiders.

Wall Street Analysts Forecast Growth

A number of brokerages have recently weighed in on LIN. BMO Capital Markets increased their price objective on Linde from $477.00 to $507.00 and gave the company an “outperform” rating in a report on Friday, November 1st. TD Cowen raised Linde from a “hold” rating to a “buy” rating and increased their price objective for the company from $480.00 to $515.00 in a report on Monday, January 13th. Erste Group Bank reissued a “hold” rating on shares of Linde in a report on Tuesday, November 19th. Deutsche Bank Aktiengesellschaft increased their price objective on Linde from $510.00 to $515.00 and gave the company a “buy” rating in a report on Friday, November 1st. Finally, Mizuho increased their price objective on Linde from $520.00 to $530.00 and gave the company an “outperform” rating in a report on Friday, November 1st. Four investment analysts have rated the stock with a hold rating and nine have issued a buy rating to the company. According to data from MarketBeat.com, Linde presently has an average rating of “Moderate Buy” and a consensus price target of $501.82.

Linde Stock Performance

Shares of LIN stock opened at $457.00 on Monday. The company has a market capitalization of $217.61 billion, a P/E ratio of 33.58, a P/E/G ratio of 2.89 and a beta of 0.94. The business’s 50 day moving average is $434.82 and its two-hundred day moving average is $454.01. The company has a current ratio of 0.89, a quick ratio of 0.81 and a debt-to-equity ratio of 0.39. Linde plc has a 12-month low of $410.69 and a 12-month high of $487.49.

Linde (NASDAQ:LIN) last issued its quarterly earnings results on Thursday, February 6th. The basic materials company reported $3.97 earnings per share (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%. Analysts expect that Linde plc will post 16.55 EPS for the current fiscal 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.