Sovran Advisors LLC Takes $354,000 Position in Linde plc (NASDAQ:LIN)

Sovran Advisors LLC acquired a new stake in shares of Linde plc (NASDAQ:LIN) during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm acquired 829 shares of the basic materials company’s stock, valued at approximately $354,000.

Other institutional investors also recently bought and sold shares of the company. Trifecta Capital Advisors LLC lifted its position in Linde by 16.9% in the third quarter. Trifecta Capital Advisors LLC now owns 145 shares of the basic materials company’s stock valued at $69,000 after purchasing an additional 21 shares during the last quarter. Regent Peak Wealth Advisors LLC increased its stake in shares of Linde by 1.3% in the third quarter. Regent Peak Wealth Advisors LLC now owns 1,831 shares of the basic materials company’s stock worth $873,000 after buying an additional 23 shares during the period. Concord Asset Management LLC VA increased its stake in shares of Linde by 0.5% in the fourth quarter. Concord Asset Management LLC VA now owns 4,774 shares of the basic materials company’s stock worth $1,999,000 after buying an additional 23 shares during the period. Salomon & Ludwin LLC increased its stake in shares of Linde by 14.3% in the third quarter. Salomon & Ludwin LLC now owns 192 shares of the basic materials company’s stock worth $92,000 after buying an additional 24 shares during the period. Finally, Fourpath Capital Management LLC increased its stake in shares of Linde by 0.6% in the fourth quarter. Fourpath Capital Management LLC now owns 4,138 shares of the basic materials company’s stock worth $1,732,000 after buying an additional 24 shares during the period. 82.80% of the stock is currently owned by hedge funds and other institutional investors.

Linde Stock Down 0.5 %

LIN stock opened at $458.56 on Thursday. Linde plc has a 1-year low of $410.69 and a 1-year high of $487.49. The business has a fifty day moving average price of $434.44 and a 200-day moving average price of $453.86. The stock has a market capitalization of $218.35 billion, a P/E ratio of 33.69, a P/E/G ratio of 2.89 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 0.81.

Linde (NASDAQ:LIN) last issued its quarterly earnings data on Thursday, February 6th. The basic materials company reported $3.97 earnings per share for the quarter, beating analysts’ consensus estimates of $3.93 by $0.04. Linde had a net margin of 19.89% and a return on equity of 18.71%. Equities analysts forecast that Linde plc will post 16.55 earnings per share for the current fiscal year.

Insiders Place Their Bets

In other news, VP David P. Strauss sold 2,218 shares of the business’s stock in a transaction on Monday, December 16th. The shares were 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 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 at this link. 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 completion of the transaction, the vice president now directly owns 22,776 shares in the company, valued at $10,493,586.48. This trade represents a 16.14 % decrease in their position. The disclosure for this sale can be found here. Over the last three months, insiders have sold 9,503 shares of company stock valued at $4,306,843. Insiders own 0.60% of the company’s stock.

Analyst Ratings Changes

A number of equities research analysts have issued reports on LIN shares. Erste Group Bank reissued a “hold” rating on shares of Linde in a report on Tuesday, November 19th. Citigroup lowered their price target 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 target price on Linde from $477.00 to $507.00 and gave the company an “outperform” rating in a research note on Friday, November 1st. TD Cowen raised Linde from a “hold” rating to a “buy” rating and boosted their target price for the company from $480.00 to $515.00 in a research note on Monday, January 13th. Finally, Mizuho lifted their price target 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 issued a buy rating to the stock. According to data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average price target 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.