Forvis Mazars Wealth Advisors LLC Sells 50 Shares of Linde plc (NASDAQ:LIN)

Forvis Mazars Wealth Advisors LLC reduced its holdings in shares of Linde plc (NASDAQ:LIN) by 7.3% in the 4th quarter, HoldingsChannel.com reports. The fund owned 636 shares of the basic materials company’s stock after selling 50 shares during the quarter. Forvis Mazars Wealth Advisors LLC’s holdings in Linde were worth $266,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds and other institutional investors also recently made changes to their positions in the business. Concord Asset Management LLC VA boosted its stake in shares of Linde by 0.5% during the 4th quarter. Concord Asset Management LLC VA now owns 4,774 shares of the basic materials company’s stock worth $1,999,000 after acquiring an additional 23 shares during the period. Salomon & Ludwin LLC boosted its stake in shares of Linde by 14.3% during the 3rd quarter. Salomon & Ludwin LLC now owns 192 shares of the basic materials company’s stock worth $92,000 after acquiring an additional 24 shares during the period. Fourpath Capital Management LLC boosted its stake in shares of Linde by 0.6% during the 4th quarter. Fourpath Capital Management LLC now owns 4,138 shares of the basic materials company’s stock worth $1,732,000 after acquiring an additional 24 shares during the period. Romano Brothers AND Company boosted its stake in shares of Linde by 1.3% during the 4th quarter. Romano Brothers AND Company now owns 2,009 shares of the basic materials company’s stock worth $841,000 after acquiring an additional 25 shares during the period. Finally, MCF Advisors LLC boosted its stake in Linde by 17.9% in the 4th quarter. MCF Advisors LLC now owns 165 shares of the basic materials company’s stock valued at $69,000 after purchasing an additional 25 shares during the period. 82.80% of the stock is currently owned by institutional investors.

Linde Price Performance

Shares of NASDAQ LIN opened at $458.53 on Tuesday. The stock has a market capitalization of $218.33 billion, a PE ratio of 33.69, a P/E/G ratio of 3.08 and a beta of 0.94. The company has a debt-to-equity ratio of 0.39, a current ratio of 0.89 and a quick ratio of 0.76. The business has a fifty day moving average price of $437.49 and a two-hundred day moving average price of $454.56. Linde plc has a fifty-two week low of $410.69 and a fifty-two week high of $487.49.

Linde (NASDAQ:LIN) last announced 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%. As a group, equities analysts predict that Linde plc will post 16.54 earnings per share for the current fiscal year.

Analysts Set New Price Targets

LIN has been the subject of several recent research reports. Mizuho boosted their price target on Linde from $520.00 to $530.00 and gave the company an “outperform” 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 company an “outperform” rating in a research note on Friday, November 1st. Deutsche Bank Aktiengesellschaft boosted their price target on Linde from $510.00 to $515.00 and gave the company a “buy” rating in a research note on Friday, November 1st. Erste Group Bank restated a “hold” rating on shares of Linde in a research note on Tuesday, November 19th. Finally, TD Cowen upgraded Linde from a “hold” rating to a “buy” rating and boosted their price target for the company from $480.00 to $515.00 in a research note on Monday, January 13th. Four analysts have rated the stock with a hold rating and nine have issued a buy rating to the stock. Based on data from MarketBeat.com, Linde presently has a consensus rating of “Moderate Buy” and an average price target of $501.82.

Insider Buying and Selling

In related news, VP David P. Strauss sold 2,218 shares of the company’s 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 completion of the sale, the vice president now directly owns 25,926 shares in the company, valued at $11,260,958.10. This represents a 7.88 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, Director Paula Rosput Reynolds bought 100 shares of the company’s stock in a transaction on Thursday, December 12th. The stock was purchased 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 of the company’s stock, valued at approximately $102,832.22. The trade was a 75.19 % increase in their position. The disclosure for this purchase can be found here. Insiders sold a total of 16,285 shares of company stock worth $7,423,986 in the last ninety days. 0.60% of the stock is owned by insiders.

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.