D Orazio & Associates Inc. Reduces Holdings in Linde plc (NASDAQ:LIN)

D Orazio & Associates Inc. reduced its position in Linde plc (NASDAQ:LIN) by 6.9% in the 4th quarter, according to its most recent filing with the SEC. The fund owned 759 shares of the basic materials company’s stock after selling 56 shares during the period. D Orazio & Associates Inc.’s holdings in Linde were worth $318,000 at the end of the most recent quarter.

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

Analyst Upgrades and Downgrades

LIN has been the subject of a number of research reports. Citigroup decreased their price objective on shares of Linde from $490.00 to $480.00 and set a “neutral” rating for the company in a report on Wednesday, December 18th. TD Cowen raised shares of Linde from a “hold” rating to a “buy” rating and boosted their price objective for the company from $480.00 to $515.00 in a research report on Monday, January 13th. Erste Group Bank reiterated a “hold” rating on shares of Linde in a research note on Tuesday, November 19th. Mizuho lifted their target price on Linde from $520.00 to $530.00 and gave the company an “outperform” rating in a research note on Friday, November 1st. Finally, BMO Capital Markets increased their price target on Linde from $477.00 to $507.00 and gave the stock an “outperform” rating in a research report on Friday, November 1st. Four equities research analysts have rated the stock with a hold rating and nine have issued a buy rating to the company. According to MarketBeat, Linde presently has an average rating of “Moderate Buy” and a consensus price target of $501.82.

Insider Transactions at Linde

In other news, VP David P. Strauss sold 2,218 shares of the company’s stock in a transaction on Monday, December 16th. The stock was 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 in the company, valued at $11,260,958.10. This represents a 7.88 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through this link. Also, VP Guillermo Bichara sold 4,385 shares of Linde stock in a transaction dated 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 transaction, the vice president now directly owns 22,776 shares in the company, valued at approximately $10,493,586.48. The trade was a 16.14 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Company insiders own 0.60% of the company’s stock.

Linde Stock Down 1.2 %

Shares of Linde stock opened at $455.05 on Friday. 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 1-year low of $410.69 and a 1-year high of $487.49. The business’s fifty day moving average price is $434.48 and its two-hundred day moving average price is $453.49. The company 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 issued its quarterly earnings data on Thursday, February 6th. The basic materials company reported $3.97 earnings per share for the quarter, beating 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, research analysts forecast that Linde plc will post 16.55 EPS 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.