JFS Wealth Advisors LLC Has $57,000 Position in Linde plc (NASDAQ:LIN)

JFS Wealth Advisors LLC cut its stake in Linde plc (NASDAQ:LIN) by 17.7% in the 4th quarter, Holdings Channel.com reports. The fund owned 135 shares of the basic materials company’s stock after selling 29 shares during the quarter. JFS Wealth Advisors LLC’s holdings in Linde were worth $57,000 at the end of the most recent reporting period.

Other institutional investors have also recently modified their holdings of the company. Synergy Asset Management LLC bought a new stake in Linde during the fourth quarter worth about $25,000. Global Wealth Strategies & Associates lifted its holdings in shares of Linde by 144.8% during the 4th quarter. Global Wealth Strategies & Associates now owns 71 shares of the basic materials company’s stock worth $30,000 after acquiring an additional 42 shares during the period. Retirement Wealth Solutions LLC bought a new stake in shares of Linde during the 4th quarter worth approximately $34,000. Capital Performance Advisors LLP acquired a new stake in shares of Linde during the 3rd quarter worth approximately $43,000. Finally, Kozak & Associates Inc. increased its stake in Linde by 38.6% in the fourth quarter. Kozak & Associates Inc. now owns 97 shares of the basic materials company’s stock valued at $40,000 after acquiring an additional 27 shares during the last quarter. 82.80% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

A number of brokerages have weighed in on LIN. Citigroup reduced their target price on Linde from $490.00 to $480.00 and set a “neutral” rating on the stock in a report on Wednesday, December 18th. Erste Group Bank reaffirmed a “hold” rating on shares of Linde in a research note on Tuesday, November 19th. TD Cowen raised Linde from a “hold” rating to a “buy” rating and boosted their target price for the stock from $480.00 to $515.00 in a research note on Monday, January 13th. Deutsche Bank Aktiengesellschaft raised their price target on shares of Linde from $510.00 to $515.00 and gave the company a “buy” rating in a research note on Friday, November 1st. Finally, Mizuho upped their price objective on shares of Linde from $520.00 to $530.00 and gave the stock an “outperform” rating in a research 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’s stock. Based on data from MarketBeat, the company has a consensus rating of “Moderate Buy” and an average target price of $501.82.

Linde Stock Up 1.9 %

NASDAQ:LIN opened at $465.83 on Wednesday. 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 one year low of $410.69 and a one year high of $487.49. The firm’s 50 day simple moving average is $435.11 and its 200 day simple moving average is $454.04. The company has a market cap of $221.81 billion, a PE ratio of 34.23, a P/E/G ratio of 2.89 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 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%. On average, research analysts anticipate that Linde plc will post 16.55 earnings per share for the current year.

Insider Buying and Selling at Linde

In other news, Director Robert L. Wood sold 2,900 shares of the company’s stock in a transaction 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 sale, the director now directly owns 14,013 shares of the company’s stock, valued at approximately $6,393,571.38. This represents a 17.15 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. Also, VP David P. Strauss sold 2,218 shares of the stock in a transaction on Monday, December 16th. The stock was sold at an average price of $434.35, for a total transaction of $963,388.30. Following the sale, the vice president now owns 25,926 shares of the company’s stock, valued at approximately $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. In the last quarter, insiders have sold 9,503 shares of company stock worth $4,306,843. Insiders own 0.60% of the company’s stock.

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.