Linde plc (NASDAQ:LIN) Shares Sold by Strategic Wealth Investment Group LLC

Strategic Wealth Investment Group LLC trimmed its position in Linde plc (NASDAQ:LIN) by 2.7% during the 4th quarter, HoldingsChannel.com reports. The firm owned 28,154 shares of the basic materials company’s stock after selling 783 shares during the period. Strategic Wealth Investment Group LLC’s holdings in Linde were worth $11,787,000 at the end of the most recent quarter.

Several other hedge funds have also made changes to their positions in LIN. EP Wealth Advisors LLC increased its position in shares of Linde by 5.3% during the 2nd quarter. EP Wealth Advisors LLC now owns 2,463 shares of the basic materials company’s stock worth $1,081,000 after purchasing an additional 124 shares during the last quarter. Cetera Investment Advisers boosted its stake in Linde by 4.6% during the second quarter. Cetera Investment Advisers now owns 51,244 shares of the basic materials company’s stock worth $22,487,000 after buying an additional 2,231 shares during the period. Creekside Partners purchased a new position in Linde during the second quarter worth about $369,000. Sanctuary Advisors LLC acquired a new stake in shares of Linde during the second quarter valued at about $18,573,000. Finally, Heritage Wealth Management Inc. purchased a new stake in shares of Linde in the 2nd quarter valued at approximately $471,000. Hedge funds and other institutional investors own 82.80% of the company’s stock.

Insider Buying and Selling at Linde

In other news, VP David P. Strauss sold 2,218 shares of Linde stock in a transaction on Monday, December 16th. The shares were sold at an average price of $434.35, for a total value of $963,388.30. Following the transaction, the vice president now directly owns 25,926 shares of the company’s stock, valued at $11,260,958.10. The trade was a 7.88 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available through this link. Also, VP Guillermo Bichara sold 4,385 shares of the company’s stock in a transaction 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 of the company’s stock, valued at approximately $10,493,586.48. This trade represents a 16.14 % decrease in their position. The disclosure for this sale can be found here. 0.60% of the stock is currently owned by insiders.

Wall Street Analysts Forecast Growth

Several research firms have recently commented on LIN. Erste Group Bank restated a “hold” rating on shares of Linde in a research report on Tuesday, November 19th. Citigroup dropped their target price on Linde from $490.00 to $480.00 and set a “neutral” rating for the company in a research report on Wednesday, December 18th. BMO Capital Markets boosted their price target on shares of Linde from $477.00 to $507.00 and gave the stock an “outperform” rating in a research note on Friday, November 1st. TD Cowen raised shares of Linde from a “hold” rating to a “buy” rating and raised their price objective for the company from $480.00 to $515.00 in a research note on Monday, January 13th. Finally, Mizuho lifted their price objective 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 assigned a buy rating to the stock. According to MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus price target of $501.82.

Linde Stock Performance

NASDAQ:LIN opened at $446.38 on Friday. The firm has a market capitalization of $212.55 billion, a PE ratio of 33.89, a price-to-earnings-growth ratio of 2.72 and a beta of 0.94. 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 business’s fifty day moving average price is $434.86 and its 200 day moving average price is $453.22. Linde plc has a 12 month low of $396.07 and a 12 month high of $487.49.

Linde (NASDAQ:LIN) last issued its earnings results on Thursday, October 31st. The basic materials company reported $3.94 earnings per share for the quarter, topping the consensus estimate of $3.89 by $0.05. The business had revenue of $8.36 billion for the quarter, compared to analyst estimates of $8.39 billion. Linde had a return on equity of 18.16% and a net margin of 19.33%. The business’s quarterly revenue was up 1.9% on a year-over-year basis. During the same quarter last year, the company earned $3.63 EPS. On average, sell-side analysts anticipate that Linde plc will post 15.45 earnings per share for the current fiscal year.

Linde Company 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.