Tyche Wealth Partners LLC Sells 729 Shares of Linde plc (NASDAQ:LIN)

Tyche Wealth Partners LLC trimmed its position in Linde plc (NASDAQ:LIN) by 51.6% during the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 684 shares of the basic materials company’s stock after selling 729 shares during the quarter. Tyche Wealth Partners LLC’s holdings in Linde were worth $286,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Trifecta Capital Advisors LLC grew its holdings in Linde by 16.9% in the 3rd quarter. Trifecta Capital Advisors LLC now owns 145 shares of the basic materials company’s stock valued at $69,000 after buying an additional 21 shares in the last quarter. Quotient Wealth Partners LLC grew its holdings in shares of Linde by 0.9% during the 3rd quarter. Quotient Wealth Partners LLC now owns 2,706 shares of the basic materials company’s stock worth $1,290,000 after purchasing an additional 23 shares in the last quarter. Regent Peak Wealth Advisors LLC grew its holdings in shares of Linde by 1.3% during the 3rd quarter. Regent Peak Wealth Advisors LLC now owns 1,831 shares of the basic materials company’s stock worth $873,000 after purchasing an additional 23 shares in the last quarter. Concord Asset Management LLC VA grew its holdings 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 purchasing an additional 23 shares in the last quarter. Finally, CVA Family Office LLC grew its holdings in shares of Linde by 2.9% during the 3rd quarter. CVA Family Office LLC now owns 851 shares of the basic materials company’s stock worth $406,000 after purchasing an additional 24 shares in the last quarter. 82.80% of the stock is owned by institutional investors and hedge funds.

Insider Buying and Selling at Linde

In other news, VP David P. Strauss sold 2,218 shares of the firm’s stock in a transaction dated 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 transaction, the vice president now directly owns 25,926 shares in the company, valued at $11,260,958.10. This trade represents a 7.88 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, VP Guillermo Bichara sold 4,385 shares of the firm’s stock in a transaction dated Wednesday, December 4th. The stock was sold at an average price of $460.73, for a total value of $2,020,301.05. Following the transaction, the vice president now owns 22,776 shares of the company’s stock, valued at $10,493,586.48. This trade represents a 16.14 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Corporate insiders own 0.60% of the company’s stock.

Linde Price Performance

Linde stock opened at $460.68 on Friday. The company has a current ratio of 0.96, a quick ratio of 0.81 and a debt-to-equity ratio of 0.43. The company has a market capitalization of $219.36 billion, a PE ratio of 34.98, a P/E/G ratio of 2.77 and a beta of 0.94. Linde plc has a 12 month low of $410.69 and a 12 month high of $487.49. The stock has a 50-day moving average price of $434.41 and a two-hundred day moving average price of $453.44.

Linde (NASDAQ:LIN) last posted its earnings results on Thursday, February 6th. The basic materials company reported $3.97 EPS for the quarter, beating the consensus estimate of $3.93 by $0.04. Linde had a return on equity of 18.16% and a net margin of 19.33%. Analysts expect that Linde plc will post 15.45 EPS for the current year.

Analyst Upgrades and Downgrades

LIN has been the topic of several analyst reports. Erste Group Bank reissued a “hold” rating on shares of Linde in a report on Tuesday, November 19th. Deutsche Bank Aktiengesellschaft increased their target price on Linde from $510.00 to $515.00 and gave the stock a “buy” rating in a report on Friday, November 1st. Citigroup reduced their target price on Linde from $490.00 to $480.00 and set a “neutral” rating on the stock in a report on Wednesday, December 18th. Mizuho raised their price objective on Linde from $520.00 to $530.00 and gave the company an “outperform” rating in a research note on Friday, November 1st. 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 note on Friday, November 1st. Four analysts have rated the stock with a hold rating and nine have given a buy rating to the company. Based on data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $501.82.

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.