Linde plc (NASDAQ:LIN) Shares Sold by OLD National Bancorp IN

OLD National Bancorp IN lowered its stake in shares of Linde plc (NASDAQ:LIN) by 1.6% in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 2,524 shares of the basic materials company’s stock after selling 42 shares during the quarter. OLD National Bancorp IN’s holdings in Linde were worth $1,057,000 at the end of the most recent quarter.

Other large investors have also modified their holdings of the company. Synergy Asset Management LLC acquired a new position in Linde during the fourth quarter worth approximately $25,000. Kozak & Associates Inc. acquired a new stake in Linde during the 3rd quarter worth approximately $34,000. Global Wealth Strategies & Associates lifted its position in Linde by 144.8% during the fourth quarter. Global Wealth Strategies & Associates now owns 71 shares of the basic materials company’s stock valued at $30,000 after buying an additional 42 shares in the last quarter. Retirement Wealth Solutions LLC purchased a new stake in Linde during the fourth quarter worth approximately $34,000. Finally, Capital Performance Advisors LLP purchased a new stake in Linde during the third quarter worth approximately $43,000. 82.80% of the stock is currently owned by hedge funds and other institutional investors.

Linde Price Performance

Shares of LIN opened at $446.12 on Friday. The business’s 50-day moving average is $434.72 and its 200-day moving average is $453.17. The company has a debt-to-equity ratio of 0.43, a current ratio of 0.96 and a quick ratio of 0.81. The company has a market capitalization of $212.42 billion, a price-to-earnings ratio of 33.87, a P/E/G ratio of 2.72 and a beta of 0.94. Linde plc has a fifty-two week low of $396.07 and a fifty-two week high of $487.49.

Linde (NASDAQ:LIN) last announced its quarterly earnings data on Thursday, October 31st. The basic materials company reported $3.94 EPS for the quarter, beating analysts’ consensus estimates of $3.89 by $0.05. Linde had a net margin of 19.33% and a return on equity of 18.16%. The firm had revenue of $8.36 billion for the quarter, compared to the consensus estimate of $8.39 billion. During the same period in the previous year, the firm posted $3.63 earnings per share. The firm’s revenue was up 1.9% on a year-over-year basis. Equities research analysts expect that Linde plc will post 15.45 EPS for the current fiscal year.

Insider Buying and Selling at Linde

In other news, 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 transaction of $2,020,301.05. Following the completion of the sale, the vice president now directly owns 22,776 shares in the company, valued at $10,493,586.48. The trade was a 16.14 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, Director Paula Rosput Reynolds acquired 100 shares of the company’s stock in a transaction that occurred on Thursday, December 12th. The stock was purchased at an average price of $441.34 per share, for a total transaction of $44,134.00. Following the acquisition, the director now directly owns 233 shares of the company’s stock, valued at $102,832.22. The trade was a 75.19 % increase in their position. The disclosure for this purchase can be found here. Company insiders own 0.60% of the company’s stock.

Wall Street Analysts Forecast Growth

Several analysts recently issued reports on LIN shares. TD Cowen upgraded Linde from a “hold” rating to a “buy” rating and increased their price target for the company from $480.00 to $515.00 in a report on Monday, January 13th. Deutsche Bank Aktiengesellschaft lifted 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. BMO Capital Markets boosted their price target on Linde from $477.00 to $507.00 and gave the stock an “outperform” rating in a research note on Friday, November 1st. 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. Finally, Erste Group Bank reaffirmed a “hold” rating on shares of Linde in a report on Tuesday, November 19th. Four analysts have rated the stock with a hold rating and nine have assigned a buy rating to the company. According to MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target 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.