Linde plc (NASDAQ:LIN) Shares Sold by Bryn Mawr Capital Management LLC

Bryn Mawr Capital Management LLC lowered its holdings in Linde plc (NASDAQ:LIN) by 65.6% in the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 1,976 shares of the basic materials company’s stock after selling 3,766 shares during the period. Bryn Mawr Capital Management LLC’s holdings in Linde were worth $827,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also made changes to their positions in LIN. Synergy Asset Management LLC purchased a new position in shares of Linde in the fourth quarter valued at $25,000. Strategic Financial Concepts LLC purchased a new position in shares of Linde in the fourth quarter valued at $28,000. Global Wealth Strategies & Associates boosted its stake in shares of Linde by 144.8% in the fourth quarter. Global Wealth Strategies & Associates now owns 71 shares of the basic materials company’s stock valued at $30,000 after purchasing an additional 42 shares during the period. Retirement Wealth Solutions LLC purchased a new position in shares of Linde in the fourth quarter valued at $34,000. Finally, Kozak & Associates Inc. boosted its stake in shares of 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 purchasing an additional 27 shares during the period. 82.80% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

A number of research analysts have commented on the stock. Citigroup reduced their price objective on shares of Linde from $490.00 to $480.00 and set a “neutral” rating on the stock in a research note on Wednesday, December 18th. Mizuho increased their price objective 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 upgraded shares of Linde from a “hold” rating to a “buy” rating and increased their price objective for the company from $480.00 to $515.00 in a research note on Monday, January 13th. BMO Capital Markets increased their price objective on shares of Linde from $477.00 to $507.00 and gave the company an “outperform” rating in a research note on Friday, November 1st. Finally, Deutsche Bank Aktiengesellschaft increased their price objective 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. Four analysts have rated the stock with a hold rating and nine have given a buy rating to the stock. According to MarketBeat, Linde has an average rating of “Moderate Buy” and a consensus target price of $501.82.

Linde Trading Down 0.0 %

Linde stock opened at $461.90 on Friday. The firm’s 50-day moving average is $436.43 and its 200-day moving average is $454.23. The company has a debt-to-equity ratio of 0.39, a quick ratio of 0.76 and a current ratio of 0.89. Linde plc has a 1 year low of $410.69 and a 1 year high of $487.49. The company has a market cap of $219.94 billion, a P/E ratio of 33.94, a PEG ratio of 3.11 and a beta of 0.94.

Linde (NASDAQ:LIN) last released its quarterly earnings data on Thursday, February 6th. The basic materials company reported $3.97 earnings per share 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%. On average, equities analysts expect that Linde plc will post 16.54 earnings per share for the current year.

Insider Buying and Selling

In related news, VP Guillermo Bichara sold 4,385 shares of the stock in a transaction dated 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 sale, the vice president now owns 22,776 shares of the company’s stock, valued at $10,493,586.48. This trade represents a 16.14 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director Robert L. Wood sold 2,900 shares of the stock in a transaction dated Monday, February 10th. The stock was sold at an average price of $456.26, for a total transaction of $1,323,154.00. Following the completion of the sale, the director now directly owns 14,013 shares in the company, valued at approximately $6,393,571.38. This trade represents a 17.15 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 9,503 shares of company stock valued at $4,306,843 in the last quarter. Company insiders own 0.60% of the company’s stock.

Linde 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.