NatWest Group plc Sells 412 Shares of Linde plc (NASDAQ:LIN)

NatWest Group plc trimmed its holdings in shares of Linde plc (NASDAQ:LIN) by 38.2% in the 4th quarter, HoldingsChannel.com reports. The institutional investor owned 667 shares of the basic materials company’s stock after selling 412 shares during the period. NatWest Group plc’s holdings in Linde were worth $279,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also recently modified their holdings of LIN. Trifecta Capital Advisors LLC lifted its holdings in Linde by 16.9% during the third quarter. Trifecta Capital Advisors LLC now owns 145 shares of the basic materials company’s stock worth $69,000 after buying an additional 21 shares during the period. Regent Peak Wealth Advisors LLC raised its position in shares of Linde by 1.3% in the 3rd quarter. Regent Peak Wealth Advisors LLC now owns 1,831 shares of the basic materials company’s stock worth $873,000 after acquiring an additional 23 shares in the last quarter. Concord Asset Management LLC VA lifted its stake in shares of Linde by 0.5% during the 4th quarter. Concord Asset Management LLC VA now owns 4,774 shares of the basic materials company’s stock worth $1,999,000 after purchasing an additional 23 shares during the last quarter. CVA Family Office LLC boosted its position in Linde by 2.9% during the third quarter. CVA Family Office LLC now owns 851 shares of the basic materials company’s stock valued at $406,000 after purchasing an additional 24 shares in the last quarter. Finally, Salomon & Ludwin LLC grew its stake in Linde by 14.3% in the third quarter. Salomon & Ludwin LLC now owns 192 shares of the basic materials company’s stock valued at $92,000 after purchasing an additional 24 shares during the last quarter. 82.80% of the stock is owned by institutional investors.

Insider Activity at Linde

In other Linde news, Director Paula Rosput Reynolds purchased 100 shares of the stock in a transaction on Thursday, December 12th. The shares were bought at an average price of $441.34 per share, for a total transaction of $44,134.00. Following the completion of the transaction, the director now owns 233 shares of the company’s stock, valued at $102,832.22. This trade represents a 75.19 % increase in their position. The transaction was disclosed in a document filed with the SEC, which is available through this link. Also, VP David P. Strauss sold 2,218 shares of the business’s stock in a transaction that occurred on Monday, December 16th. The shares were sold at an average price of $434.35, for a total value of $963,388.30. Following the completion of the sale, the vice president now owns 25,926 shares of the company’s stock, valued at $11,260,958.10. This trade represents a 7.88 % decrease in their ownership of the stock. The disclosure for this sale can be found here. 0.60% of the stock is owned by company insiders.

Analysts Set New Price Targets

Several research firms have commented on LIN. Deutsche Bank Aktiengesellschaft increased their price target on shares of Linde from $510.00 to $515.00 and gave the company a “buy” rating in a research report on Friday, November 1st. Mizuho raised 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. TD Cowen raised Linde from a “hold” rating to a “buy” rating and upped their price target for the stock from $480.00 to $515.00 in a research report on Monday, January 13th. BMO Capital Markets raised their price objective on Linde from $477.00 to $507.00 and gave the stock an “outperform” rating in a research report on Friday, November 1st. Finally, Erste Group Bank reiterated a “hold” rating on shares of Linde in a research note on Tuesday, November 19th. Four analysts have rated the stock with a hold rating and nine have issued a buy rating to the company’s stock. According to MarketBeat, Linde presently has a consensus rating of “Moderate Buy” and an average target price of $501.82.

Linde Stock Down 1.2 %

Linde stock opened at $455.05 on Friday. The business’s 50-day moving average price is $434.48 and its 200 day moving average price is $453.49. 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 firm has a market cap of $216.68 billion, a price-to-earnings ratio of 33.43, a price-to-earnings-growth ratio of 2.89 and a beta of 0.94. Linde plc has a 52 week low of $410.69 and a 52 week high of $487.49.

Linde (NASDAQ:LIN) last issued its quarterly earnings data on Thursday, February 6th. The basic materials company reported $3.97 EPS 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%. As a group, sell-side analysts anticipate that Linde plc will post 16.55 earnings per share for the current 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.