Nelson Capital Management LLC Sells 336 Shares of Linde plc (NASDAQ:LIN)

Nelson Capital Management LLC lessened its holdings in shares of Linde plc (NASDAQ:LIN) by 2.6% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 12,838 shares of the basic materials company’s stock after selling 336 shares during the quarter. Linde makes up approximately 0.9% of Nelson Capital Management LLC’s investment portfolio, making the stock its 25th largest position. Nelson Capital Management LLC’s holdings in Linde were worth $5,375,000 at the end of the most recent quarter.

Other hedge funds also recently made changes to their positions in the company. Cutter & CO Brokerage Inc. boosted its holdings in shares of Linde by 2.2% during the 4th quarter. Cutter & CO Brokerage Inc. now owns 33,358 shares of the basic materials company’s stock worth $13,966,000 after buying an additional 717 shares during the period. Lake Street Advisors Group LLC boosted its holdings in shares of Linde by 3.1% during the fourth quarter. Lake Street Advisors Group LLC now owns 5,175 shares of the basic materials company’s stock worth $2,167,000 after acquiring an additional 155 shares during the period. JFG Wealth Management LLC bought a new stake in shares of Linde during the fourth quarter worth approximately $607,000. Kirtland Hills Capital Management LLC grew its position in shares of Linde by 2.3% in the fourth quarter. Kirtland Hills Capital Management LLC now owns 2,598 shares of the basic materials company’s stock valued at $1,088,000 after purchasing an additional 58 shares during the last quarter. Finally, Longbow Finance SA increased its stake in shares of Linde by 5.0% during the fourth quarter. Longbow Finance SA now owns 23,632 shares of the basic materials company’s stock worth $9,894,000 after purchasing an additional 1,119 shares during the period. 82.80% of the stock is owned by institutional investors and hedge funds.

Insider Buying and Selling

In other news, VP David P. Strauss sold 2,218 shares of the 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 transaction, the vice president now owns 25,926 shares of the company’s stock, valued at $11,260,958.10. This represents a 7.88 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, 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 value of $2,020,301.05. Following the completion of the transaction, the vice president now owns 22,776 shares in the company, valued at approximately $10,493,586.48. The trade was a 16.14 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 16,285 shares of company stock valued at $7,423,986 over the last quarter. Insiders own 0.60% of the company’s stock.

Analyst Ratings Changes

Several research firms recently issued reports on LIN. Deutsche Bank Aktiengesellschaft boosted their price target on Linde from $510.00 to $515.00 and gave the company a “buy” rating in a research note on Friday, November 1st. Mizuho boosted their target price 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. Citigroup lowered their price target on shares of Linde from $490.00 to $480.00 and set a “neutral” rating on the stock in a research report on Wednesday, December 18th. Erste Group Bank restated a “hold” rating on shares of Linde in a research note on Tuesday, November 19th. Finally, TD Cowen upgraded shares of Linde from a “hold” rating to a “buy” rating and increased their price target for the stock from $480.00 to $515.00 in a research report on Monday, January 13th. Four research analysts have rated the stock with a hold rating and nine have given a buy rating to the stock. According to data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $501.82.

Linde Stock Performance

NASDAQ:LIN opened at $467.49 on Wednesday. The stock’s 50-day moving average is $438.23 and its 200-day moving average is $454.70. The company has a current ratio of 0.89, a quick ratio of 0.76 and a debt-to-equity ratio of 0.39. Linde plc has a 1-year low of $410.69 and a 1-year high of $487.49. The stock has a market cap of $222.60 billion, a P/E ratio of 34.35, a price-to-earnings-growth ratio of 3.08 and a beta of 0.94.

Linde (NASDAQ:LIN) last issued its quarterly earnings data 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%. Equities research analysts anticipate that Linde plc will post 16.54 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.