DT Investment Partners LLC Sells 40 Shares of Linde plc (NASDAQ:LIN)

DT Investment Partners LLC trimmed its holdings in shares of Linde plc (NASDAQ:LIN) by 25.8% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 115 shares of the basic materials company’s stock after selling 40 shares during the period. DT Investment Partners LLC’s holdings in Linde were worth $48,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also modified their holdings of LIN. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC grew its holdings in Linde by 372.8% during the third quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 3,288,088 shares of the basic materials company’s stock valued at $1,567,958,000 after purchasing an additional 2,592,682 shares during the period. International Assets Investment Management LLC grew its holdings in Linde by 47,830.2% during the third quarter. International Assets Investment Management LLC now owns 936,076 shares of the basic materials company’s stock valued at $446,377,000 after purchasing an additional 934,123 shares during the period. Assenagon Asset Management S.A. grew its holdings in Linde by 2,293.0% during the fourth quarter. Assenagon Asset Management S.A. now owns 782,461 shares of the basic materials company’s stock valued at $327,593,000 after purchasing an additional 749,763 shares during the period. AMF Tjanstepension AB grew its holdings in Linde by 108.7% during the third quarter. AMF Tjanstepension AB now owns 784,477 shares of the basic materials company’s stock valued at $374,086,000 after purchasing an additional 408,659 shares during the period. Finally, KBC Group NV grew its holdings in Linde by 131.6% during the third quarter. KBC Group NV now owns 621,444 shares of the basic materials company’s stock valued at $296,342,000 after purchasing an additional 353,136 shares during the period. 82.80% of the stock is owned by institutional investors.

Linde Stock Up 0.5 %

Linde stock opened at $461.05 on Friday. The company has a 50 day moving average of $434.42 and a 200-day moving average of $453.89. 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 stock has a market capitalization of $219.53 billion, a PE ratio of 33.88, a price-to-earnings-growth ratio of 2.89 and a beta of 0.94. Linde plc has a twelve month low of $410.69 and a twelve month high of $487.49.

Linde (NASDAQ:LIN) last announced 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%. On average, equities research analysts anticipate that Linde plc will post 16.55 EPS for the current fiscal year.

Insider Transactions at Linde

In other Linde news, Director Paula Rosput Reynolds acquired 100 shares of the business’s stock in a transaction dated Thursday, December 12th. The shares were acquired at an average price of $441.34 per share, with a total value of $44,134.00. Following the completion of the transaction, the director now directly owns 233 shares in the company, valued at $102,832.22. This trade represents a 75.19 % increase in their position. The purchase was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, Director Robert L. Wood sold 2,900 shares of the business’s stock in a transaction on 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 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 over the last 90 days. 0.60% of the stock is owned by corporate insiders.

Analysts Set New Price Targets

A number of research analysts recently issued reports on the stock. Deutsche Bank Aktiengesellschaft boosted their price objective on shares of Linde from $510.00 to $515.00 and gave the company a “buy” rating in a report on Friday, November 1st. 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. BMO Capital Markets boosted their price objective on shares of Linde from $477.00 to $507.00 and gave the company an “outperform” rating in a report on Friday, November 1st. TD Cowen upgraded shares of Linde from a “hold” rating to a “buy” rating and upped their price target for the company from $480.00 to $515.00 in a report on Monday, January 13th. Finally, Mizuho upped their price target on shares of Linde from $520.00 to $530.00 and gave the company an “outperform” rating in a report on Friday, November 1st. Four investment analysts have rated the stock with a hold rating and nine have given a buy rating to the company’s stock. According to data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus target price of $501.82.

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.