Stiles Financial Services Inc Sells 25 Shares of Linde plc (NASDAQ:LIN)

Stiles Financial Services Inc cut its position in shares of Linde plc (NASDAQ:LIN) by 3.8% in the fourth quarter, Holdings Channel reports. The institutional investor owned 630 shares of the basic materials company’s stock after selling 25 shares during the period. Stiles Financial Services Inc’s holdings in Linde were worth $264,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also bought and sold shares of LIN. AMF Tjanstepension AB increased its position in shares of Linde by 108.7% in the third quarter. AMF Tjanstepension AB now owns 784,477 shares of the basic materials company’s stock valued at $374,086,000 after acquiring an additional 408,659 shares during the last quarter. CWM LLC increased its position in shares of 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 last quarter. LongView Wealth Management bought a new stake in shares of Linde during the 3rd quarter worth approximately $206,000. Valeo Financial Advisors LLC boosted its holdings in shares of Linde by 1.3% in the 3rd quarter. Valeo Financial Advisors LLC now owns 4,687 shares of the basic materials company’s stock valued at $2,235,000 after buying an additional 61 shares during the last quarter. Finally, Ritholtz Wealth Management boosted its holdings in shares of Linde by 12.3% in the 3rd quarter. Ritholtz Wealth Management now owns 4,835 shares of the basic materials company’s stock valued at $2,306,000 after buying an additional 528 shares during the last quarter. Institutional investors and hedge funds own 82.80% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of equities analysts recently weighed in on the stock. Erste Group Bank restated a “hold” rating on shares of Linde in a report on Tuesday, November 19th. Mizuho boosted their price objective on shares of Linde from $520.00 to $530.00 and gave the stock an “outperform” rating in a research note on Friday, November 1st. Deutsche Bank Aktiengesellschaft raised their target price 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. TD Cowen raised Linde from a “hold” rating to a “buy” rating and boosted their price target for the stock from $480.00 to $515.00 in a research report on Monday, January 13th. Finally, BMO Capital Markets raised their price objective on Linde from $477.00 to $507.00 and gave the company an “outperform” rating in a research report on Friday, November 1st. Four analysts have rated the stock with a hold rating and nine have given a buy rating to the company. According to MarketBeat.com, Linde currently has a consensus rating of “Moderate Buy” and an average target price of $501.82.

Linde Price Performance

Shares of NASDAQ LIN opened at $455.05 on Monday. The firm has a market cap of $216.68 billion, a P/E ratio of 33.43, a price-to-earnings-growth ratio of 2.89 and a beta of 0.94. The business’s 50 day moving average is $434.36 and its 200-day moving average is $453.60. The company has a current ratio of 0.89, a quick ratio of 0.81 and a debt-to-equity ratio of 0.39. Linde plc has a 1-year low of $410.69 and a 1-year high of $487.49.

Linde (NASDAQ:LIN) last posted 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 return on equity of 18.71% and a net margin of 19.89%. Equities research analysts predict that Linde plc will post 16.55 earnings per share for the current year.

Insiders Place Their Bets

In other news, VP David P. Strauss sold 2,218 shares of the stock in a transaction on Monday, December 16th. The stock was sold at an average price of $434.35, for a total transaction of $963,388.30. Following the sale, the vice president now directly owns 25,926 shares of the company’s stock, valued at approximately $11,260,958.10. This represents a 7.88 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, Director Paula Rosput Reynolds purchased 100 shares of the company’s stock in a transaction that occurred on Thursday, December 12th. The stock was bought at an average cost of $441.34 per share, with a total value of $44,134.00. Following the purchase, the director now owns 233 shares of the company’s stock, valued at $102,832.22. This represents a 75.19 % increase in their ownership of the stock. The disclosure for this purchase can be found here. Corporate insiders own 0.60% of the company’s stock.

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.