Linde plc (NASDAQ:LIN) Shares Sold by Quaero Capital S.A.

Quaero Capital S.A. lowered its position in shares of Linde plc (NASDAQ:LIN) by 15.0% during the fourth quarter, Holdings Channel reports. The firm owned 5,997 shares of the basic materials company’s stock after selling 1,057 shares during the quarter. Linde makes up about 3.2% of Quaero Capital S.A.’s portfolio, making the stock its 4th largest holding. Quaero Capital S.A.’s holdings in Linde were worth $2,511,000 as of its most recent SEC filing.

Several other large investors have also modified their holdings of the company. Helios Capital Management PTE. Ltd. raised its stake in shares of Linde by 85.2% during the fourth quarter. Helios Capital Management PTE. Ltd. now owns 2,500 shares of the basic materials company’s stock worth $1,047,000 after purchasing an additional 1,150 shares during the last quarter. Channel Wealth LLC grew its holdings in Linde by 30.4% during the 4th quarter. Channel Wealth LLC now owns 7,385 shares of the basic materials company’s stock valued at $3,092,000 after buying an additional 1,723 shares during the last quarter. Nordea Investment Management AB increased its position in Linde by 2.2% during the 4th quarter. Nordea Investment Management AB now owns 2,145,643 shares of the basic materials company’s stock worth $898,188,000 after purchasing an additional 46,843 shares in the last quarter. M&T Bank Corp lifted its stake in shares of Linde by 6.7% during the third quarter. M&T Bank Corp now owns 79,472 shares of the basic materials company’s stock valued at $37,898,000 after buying an additional 5,021 shares during the period. Finally, SYM FINANCIAL Corp acquired a new stake in shares of Linde during the fourth quarter worth $625,000. 82.80% of the stock is owned by institutional investors and hedge funds.

Insider Activity at Linde

In related news, VP David P. Strauss sold 2,218 shares of the firm’s stock in a transaction that occurred on Monday, December 16th. The stock was sold at an average price of $434.35, for a total value of $963,388.30. Following the sale, the vice president now owns 25,926 shares of the company’s stock, valued at approximately $11,260,958.10. This trade represents a 7.88 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, Director Robert L. Wood sold 2,900 shares of the business’s stock in a transaction that occurred on Monday, February 10th. The shares were sold at an average price of $456.26, for a total value of $1,323,154.00. Following the transaction, the director now owns 14,013 shares of the company’s stock, valued at $6,393,571.38. This represents a 17.15 % decrease in their position. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 9,503 shares of company stock valued at $4,306,843. Corporate insiders own 0.60% of the company’s stock.

Wall Street Analysts Forecast Growth

Several analysts have recently issued reports on LIN shares. BMO Capital Markets boosted their price objective on shares of Linde from $477.00 to $507.00 and gave the company an “outperform” rating in a research note on Friday, November 1st. TD Cowen upgraded Linde from a “hold” rating to a “buy” rating and upped their price target for the stock from $480.00 to $515.00 in a report on Monday, January 13th. Citigroup dropped their price objective on shares of Linde from $490.00 to $480.00 and set a “neutral” rating on the stock in a research note on Wednesday, December 18th. Mizuho upped their target price on shares of Linde from $520.00 to $530.00 and gave the company an “outperform” rating in a research note on Friday, November 1st. Finally, Erste Group Bank reaffirmed a “hold” rating on shares of Linde in a report on Tuesday, November 19th. 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 an average rating of “Moderate Buy” and an average price target of $501.82.

Linde Price Performance

Shares of LIN stock opened at $457.00 on Friday. The firm has a fifty day moving average of $434.67 and a two-hundred day moving average of $453.94. The firm has a market cap of $217.61 billion, a P/E ratio of 33.58, a P/E/G ratio of 2.89 and a beta of 0.94. Linde plc has a 1-year low of $410.69 and a 1-year high of $487.49. 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 posted its quarterly earnings results on Thursday, February 6th. The basic materials company reported $3.97 EPS for the quarter, topping analysts’ consensus estimates 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, research analysts anticipate that Linde plc will post 16.55 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.