Linde plc (NASDAQ:LIN) Holdings Lowered by D Orazio & Associates Inc.

D Orazio & Associates Inc. lowered its stake in Linde plc (NASDAQ:LIN) by 6.9% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 759 shares of the basic materials company’s stock after selling 56 shares during the quarter. D Orazio & Associates Inc.’s holdings in Linde were worth $318,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors and hedge funds have also recently bought and sold shares of LIN. Helios Capital Management PTE. Ltd. grew its holdings in shares of Linde by 85.2% during the fourth quarter. Helios Capital Management PTE. Ltd. now owns 2,500 shares of the basic materials company’s stock valued at $1,047,000 after buying an additional 1,150 shares in the last quarter. Channel Wealth LLC boosted its position in Linde by 30.4% during the 4th quarter. Channel Wealth LLC now owns 7,385 shares of the basic materials company’s stock worth $3,092,000 after acquiring an additional 1,723 shares during the period. Nordea Investment Management AB grew its stake in 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 acquiring an additional 46,843 shares in the last quarter. M&T Bank Corp increased its holdings in shares of Linde by 6.7% in the 3rd quarter. M&T Bank Corp now owns 79,472 shares of the basic materials company’s stock valued at $37,898,000 after purchasing an additional 5,021 shares during the period. Finally, SYM FINANCIAL Corp purchased a new stake in shares of Linde in the fourth quarter worth approximately $625,000. Institutional investors and hedge funds own 82.80% of the company’s stock.

Insider Activity

In other Linde news, VP Guillermo Bichara sold 4,385 shares of the stock in a transaction on Wednesday, December 4th. The shares were sold at an average price of $460.73, for a total value of $2,020,301.05. Following the completion of the sale, the vice president now directly owns 22,776 shares of the company’s stock, valued at $10,493,586.48. This represents a 16.14 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, VP David P. Strauss sold 2,218 shares of the business’s stock in a transaction dated Monday, December 16th. The stock was sold at an average price of $434.35, for a total transaction of $963,388.30. Following the transaction, the vice president now owns 25,926 shares in the company, valued at approximately $11,260,958.10. The trade was a 7.88 % decrease in their position. The disclosure for this sale can be found here. 0.60% of the stock is currently owned by company insiders.

Wall Street Analysts Forecast Growth

A number of research analysts recently commented on LIN shares. Mizuho boosted their price objective on shares of Linde from $520.00 to $530.00 and gave the company an “outperform” rating in a research report on Friday, November 1st. TD Cowen upgraded shares of Linde from a “hold” rating to a “buy” rating and boosted their price target for the company from $480.00 to $515.00 in a report on Monday, January 13th. Erste Group Bank reiterated a “hold” rating on shares of Linde in a report on Tuesday, November 19th. 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. Finally, Citigroup cut their price target on Linde from $490.00 to $480.00 and set a “neutral” rating for the company in a research note on Wednesday, December 18th. Four research 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.com, the stock has an average rating of “Moderate Buy” and an average price target of $501.82.

Linde Stock Down 1.2 %

Shares of Linde stock opened at $455.05 on Friday. Linde plc has a 12-month low of $410.69 and a 12-month high of $487.49. The company has a quick ratio of 0.81, a current ratio of 0.89 and a debt-to-equity ratio of 0.39. The stock has a 50 day moving average price of $434.48 and a two-hundred day moving average price of $453.49. The stock has a market capitalization of $216.68 billion, a P/E ratio of 33.43, a PEG ratio of 2.89 and a beta of 0.94.

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