Linde plc (NASDAQ:LIN) Shares Sold by Cornerstone Planning Group LLC

Cornerstone Planning Group LLC trimmed its position in shares of Linde plc (NASDAQ:LIN) by 5.8% in the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 1,044 shares of the basic materials company’s stock after selling 64 shares during the period. Cornerstone Planning Group LLC’s holdings in Linde were worth $459,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also made changes to their positions in the company. AMF Tjanstepension AB boosted its position in Linde by 108.7% during the 3rd quarter. AMF Tjanstepension AB now owns 784,477 shares of the basic materials company’s stock worth $374,086,000 after purchasing an additional 408,659 shares during the period. CWM LLC boosted its position in Linde by 6.5% during the 3rd quarter. CWM LLC now owns 10,403 shares of the basic materials company’s stock worth $4,961,000 after purchasing an additional 639 shares during the period. LongView Wealth Management purchased a new stake in Linde during the 3rd quarter worth $206,000. Valeo Financial Advisors LLC boosted its position in Linde by 1.3% during the 3rd quarter. Valeo Financial Advisors LLC now owns 4,687 shares of the basic materials company’s stock worth $2,235,000 after purchasing an additional 61 shares during the period. Finally, Ritholtz Wealth Management boosted its position in Linde by 12.3% during the 3rd quarter. Ritholtz Wealth Management now owns 4,835 shares of the basic materials company’s stock worth $2,306,000 after purchasing an additional 528 shares during the period. 82.80% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

A number of brokerages recently weighed in on LIN. Erste Group Bank reaffirmed a “hold” rating on shares of Linde in a research report on Tuesday, November 19th. Mizuho upped their price objective on shares of Linde from $520.00 to $530.00 and gave the company an “outperform” rating in a research report on Friday, November 1st. Deutsche Bank Aktiengesellschaft upped their price objective 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. 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 research report on Wednesday, December 18th. Finally, TD Cowen raised shares of Linde from a “hold” rating to a “buy” rating and upped their price objective for the company from $480.00 to $515.00 in a research report on Monday, January 13th. Four equities research analysts have rated the stock with a hold rating and nine have given a buy rating to the stock. According to data from MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus price target of $501.82.

Insider Buying and Selling

In other news, Director Paula Rosput Reynolds purchased 100 shares of the company’s 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 purchase, 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 ownership of the stock. The purchase was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, VP Guillermo Bichara sold 4,385 shares of the firm’s stock in a transaction that occurred on Wednesday, December 4th. The shares were sold at an average price of $460.73, for a total transaction of $2,020,301.05. Following the completion of the sale, the vice president now owns 22,776 shares in the company, valued at $10,493,586.48. The trade was a 16.14 % decrease in their position. The disclosure for this sale can be found here. 0.60% of the stock is owned by company insiders.

Linde Stock Performance

Shares of LIN stock opened at $455.05 on Monday. The stock has a market capitalization of $216.68 billion, a price-to-earnings ratio of 33.43, a PEG ratio of 2.89 and a beta of 0.94. Linde plc has a one year low of $410.69 and a one year high of $487.49. The company’s 50-day simple moving average is $434.36 and its 200-day simple moving average is $453.60. The company has a debt-to-equity ratio of 0.39, a quick ratio of 0.81 and a current ratio of 0.89.

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 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%. Equities analysts anticipate that Linde plc will post 16.55 earnings per share for the current fiscal year.

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.