Bryant Woods Investment Advisors LLC Cuts Stock Holdings in Linde plc (NASDAQ:LIN)

Bryant Woods Investment Advisors LLC lowered its stake in shares of Linde plc (NASDAQ:LIN) by 1.1% during the 4th quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 2,820 shares of the basic materials company’s stock after selling 31 shares during the quarter. Linde accounts for 0.6% of Bryant Woods Investment Advisors LLC’s investment portfolio, making the stock its 18th biggest position. Bryant Woods Investment Advisors LLC’s holdings in Linde were worth $1,181,000 as of its most recent filing with the SEC.

A number of other large investors have also added to or reduced their stakes in the company. Kathmere Capital Management LLC purchased a new position in Linde in the 2nd quarter worth approximately $556,000. MidWestOne Financial Group Inc. boosted its stake in shares of Linde by 5.4% during the 2nd quarter. MidWestOne Financial Group Inc. now owns 728 shares of the basic materials company’s stock valued at $319,000 after purchasing an additional 37 shares in the last quarter. Ascent Group LLC boosted its position in Linde by 27.9% during the 2nd quarter. Ascent Group LLC now owns 6,354 shares of the basic materials company’s stock valued at $2,788,000 after acquiring an additional 1,387 shares in the last quarter. Creative Planning grew its stake in Linde by 8.5% in the second quarter. Creative Planning now owns 51,633 shares of the basic materials company’s stock worth $22,657,000 after purchasing an additional 4,036 shares during the period. Finally, Copperwynd Financial LLC grew its position in shares of Linde by 5.0% in the 2nd quarter. Copperwynd Financial LLC now owns 564 shares of the basic materials company’s stock worth $256,000 after buying an additional 27 shares during the period. 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 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 directly owns 25,926 shares of the company’s stock, valued at approximately $11,260,958.10. The trade was a 7.88 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through 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 transaction 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 represents a 16.14 % decrease in their position. The disclosure for this sale can be found here. Company insiders own 0.60% of the company’s stock.

Analyst Upgrades and Downgrades

LIN has been the topic of several recent research reports. Mizuho upped their price target on Linde from $520.00 to $530.00 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 boosted their price objective for the company from $480.00 to $515.00 in a report on Monday, January 13th. BMO Capital Markets increased their target price on Linde from $477.00 to $507.00 and gave the company an “outperform” rating in a report on Friday, November 1st. Citigroup cut their price objective on shares of Linde from $490.00 to $480.00 and set a “neutral” rating for the company in a research report on Wednesday, December 18th. Finally, Deutsche Bank Aktiengesellschaft raised their target price on shares of Linde from $510.00 to $515.00 and gave the stock a “buy” rating in a research note on Friday, November 1st. Four equities research analysts have rated the stock with a hold rating and nine have issued a buy rating to the stock. Based on data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $501.82.

Linde Trading Down 0.4 %

LIN stock opened at $439.25 on Monday. Linde plc has a fifty-two week low of $396.07 and a fifty-two week high of $487.49. The firm has a market cap of $209.15 billion, a PE ratio of 33.35, a price-to-earnings-growth ratio of 2.74 and a beta of 0.94. The firm has a fifty day moving average price of $435.45 and a 200 day moving average price of $453.20. The company has a debt-to-equity ratio of 0.43, a quick ratio of 0.81 and a current ratio of 0.96.

Linde (NASDAQ:LIN) last released its quarterly earnings results on Thursday, October 31st. The basic materials company reported $3.94 earnings per share for the quarter, beating the consensus estimate of $3.89 by $0.05. The company 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%. Linde’s quarterly revenue was up 1.9% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $3.63 EPS. Sell-side analysts anticipate that Linde plc will post 15.45 earnings per share for the current fiscal year.

About Linde

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.