Sanctuary Advisors LLC Has $19.65 Million Holdings in Linde plc (NASDAQ:LIN)

Sanctuary Advisors LLC trimmed its holdings in shares of Linde plc (NASDAQ:LIN) by 2.0% in the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 44,012 shares of the basic materials company’s stock after selling 896 shares during the period. Sanctuary Advisors LLC’s holdings in Linde were worth $19,646,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also recently added to or reduced their stakes in LIN. Synergy Asset Management LLC acquired a new stake in shares of Linde during the fourth quarter worth $25,000. Global Wealth Strategies & Associates boosted its holdings in Linde by 144.8% during the fourth quarter. Global Wealth Strategies & Associates now owns 71 shares of the basic materials company’s stock worth $30,000 after buying an additional 42 shares during the last quarter. Retirement Wealth Solutions LLC acquired a new position in shares of Linde during the 4th quarter worth about $34,000. Capital Performance Advisors LLP bought a new stake in shares of Linde in the 3rd quarter valued at about $43,000. Finally, Kozak & Associates Inc. boosted its stake in Linde by 38.6% during the 4th quarter. Kozak & Associates Inc. now owns 97 shares of the basic materials company’s stock worth $40,000 after acquiring an additional 27 shares during the last quarter. Institutional investors and hedge funds own 82.80% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of equities analysts have recently weighed in on LIN shares. BMO Capital Markets lifted their price target on shares of Linde from $477.00 to $507.00 and gave the stock an “outperform” rating in a research report on Friday, November 1st. Erste Group Bank restated a “hold” rating on shares of Linde in a report on Tuesday, November 19th. Deutsche Bank Aktiengesellschaft boosted their target price on Linde from $510.00 to $515.00 and gave the company a “buy” 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 target for the stock from $480.00 to $515.00 in a research note on Monday, January 13th. Finally, Citigroup reduced their target price on shares of Linde from $490.00 to $480.00 and set a “neutral” rating for the company in a report on Wednesday, December 18th. Four analysts have rated the stock with a hold rating and nine have assigned a buy rating to the company’s stock. According to MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $501.82.

Insider Activity at Linde

In related news, Director Robert L. Wood sold 2,900 shares of the firm’s stock in a transaction dated Monday, February 10th. The shares were sold at an average price of $456.26, for a total transaction of $1,323,154.00. Following the transaction, the director now directly owns 14,013 shares of the company’s stock, valued at approximately $6,393,571.38. This trade represents a 17.15 % decrease in their ownership of the stock. The transaction 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 Linde stock in a transaction dated Wednesday, December 4th. The stock was 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 $10,493,586.48. This trade represents a 16.14 % decrease in their position. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 9,503 shares of company stock worth $4,306,843. Insiders own 0.60% of the company’s stock.

Linde Stock Performance

LIN opened at $457.00 on Tuesday. The company has a quick ratio of 0.81, a current ratio of 0.89 and a debt-to-equity ratio of 0.39. The stock has a market cap of $217.61 billion, a price-to-earnings ratio of 33.58, a PEG ratio of 2.89 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 business has a 50 day moving average of $434.82 and a 200-day moving average of $454.01.

Linde (NASDAQ:LIN) last released its quarterly earnings data 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 net margin of 19.89% and a return on equity of 18.71%. On average, equities research analysts expect that Linde plc will post 16.55 earnings per share for the current 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.