Norris Perne & French LLP MI Sells 568 Shares of Linde plc (NASDAQ:LIN)

Norris Perne & French LLP MI lowered its holdings in shares of Linde plc (NASDAQ:LIN) by 0.7% during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 82,344 shares of the basic materials company’s stock after selling 568 shares during the period. Linde makes up 2.5% of Norris Perne & French LLP MI’s holdings, making the stock its 8th largest position. Norris Perne & French LLP MI’s holdings in Linde were worth $34,475,000 as of its most recent SEC filing.

Several other institutional investors have also bought and sold shares of 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 position in Linde by 144.8% during the 4th quarter. Global Wealth Strategies & Associates now owns 71 shares of the basic materials company’s stock worth $30,000 after acquiring an additional 42 shares during the period. Kozak & Associates Inc. acquired a new position in shares of Linde in the 3rd quarter valued at about $34,000. Retirement Wealth Solutions LLC acquired a new stake in shares of Linde during the fourth quarter worth approximately $34,000. Finally, Hanson & Doremus Investment Management increased its stake in Linde by 34.2% in the 4th quarter. Hanson & Doremus Investment Management now owns 98 shares of the basic materials company’s stock valued at $41,000 after buying an additional 25 shares during the period. Institutional investors and hedge funds own 82.80% of the company’s stock.

Linde Stock Performance

LIN opened at $446.38 on Friday. The business’s 50-day simple moving average is $434.86 and its 200 day simple moving average is $453.22. Linde plc has a 52-week low of $396.07 and a 52-week high of $487.49. The company has a debt-to-equity ratio of 0.43, a quick ratio of 0.81 and a current ratio of 0.96. The firm has a market capitalization of $212.55 billion, a PE ratio of 33.89, a PEG ratio of 2.72 and a beta of 0.94.

Linde (NASDAQ:LIN) last released its 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 business had revenue of $8.36 billion during the quarter, compared to analysts’ expectations of $8.39 billion. Linde had a net margin of 19.33% and a return on equity of 18.16%. The firm’s revenue was up 1.9% on a year-over-year basis. During the same period last year, the business earned $3.63 earnings per share. As a group, sell-side analysts expect that Linde plc will post 15.45 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

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

Insider Transactions at Linde

In other Linde news, VP David P. Strauss sold 2,218 shares of the business’s stock in a transaction dated Monday, December 16th. The shares were sold at an average price of $434.35, for a total value 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 transaction was disclosed in a document filed with the SEC, which is available at the SEC website. Also, Director Paula Rosput Reynolds purchased 100 shares of the company’s stock in a transaction dated Thursday, December 12th. The stock was acquired at an average price of $441.34 per share, with a total value of $44,134.00. Following the completion of the transaction, the director now owns 233 shares of the company’s stock, valued at $102,832.22. This represents a 75.19 % increase in their position. The disclosure for this purchase can be found here. 0.60% of the stock is currently owned by corporate insiders.

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.