Chicago Capital LLC Sells 780 Shares of Linde plc (NASDAQ:LIN)

Chicago Capital LLC reduced its position in shares of Linde plc (NASDAQ:LIN) by 2.7% in the fourth quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 28,565 shares of the basic materials company’s stock after selling 780 shares during the quarter. Chicago Capital LLC’s holdings in Linde were worth $11,959,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors have also added to or reduced their stakes in LIN. Synergy Asset Management LLC bought a new position in Linde in the 4th quarter worth $25,000. Global Wealth Strategies & Associates increased its stake in shares of Linde by 144.8% in 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 in the last quarter. Kozak & Associates Inc. bought a new position in shares of Linde in the 3rd quarter worth about $34,000. Retirement Wealth Solutions LLC purchased a new stake in Linde during the 4th quarter valued at about $34,000. Finally, Hanson & Doremus Investment Management grew its position in Linde by 34.2% during the 4th quarter. Hanson & Doremus Investment Management now owns 98 shares of the basic materials company’s stock valued at $41,000 after purchasing an additional 25 shares during the last quarter. 82.80% of the stock is currently owned by institutional investors.

Insider Activity

In other Linde news, VP Guillermo Bichara sold 4,385 shares of the business’s stock in a transaction dated Wednesday, December 4th. The shares were 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 approximately $10,493,586.48. The trade was a 16.14 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, Director Paula Rosput Reynolds purchased 100 shares of the company’s stock in a transaction dated Thursday, December 12th. The shares were acquired at an average price of $441.34 per share, for a total transaction of $44,134.00. Following the purchase, the director now directly owns 233 shares of the company’s stock, valued at approximately $102,832.22. The trade was a 75.19 % increase in their position. The disclosure for this purchase can be found here. Insiders own 0.60% of the company’s stock.

Analyst Ratings Changes

Several analysts recently commented on the stock. Citigroup cut their price objective on shares of Linde from $490.00 to $480.00 and set a “neutral” rating on the stock in a research report on Wednesday, December 18th. BMO Capital Markets raised their price target on shares of Linde from $477.00 to $507.00 and gave the company an “outperform” rating in a report on Friday, November 1st. Mizuho increased their price objective on shares of Linde from $520.00 to $530.00 and gave the stock an “outperform” rating in a research note on Friday, November 1st. Erste Group Bank reiterated a “hold” rating on shares of Linde in a research note on Tuesday, November 19th. Finally, Deutsche Bank Aktiengesellschaft increased their price objective 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 investment analysts have rated the stock with a hold rating and nine have assigned a buy rating to the company. According to data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average price target of $501.82.

Linde Trading Down 0.1 %

LIN stock opened at $446.12 on Monday. The firm has a fifty day moving average price of $434.54 and a 200 day moving average price of $453.28. Linde plc has a fifty-two week low of $396.07 and a fifty-two 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 cap of $212.42 billion, a PE ratio of 33.87, a price-to-earnings-growth ratio of 2.77 and a beta of 0.94.

Linde (NASDAQ:LIN) last posted its quarterly earnings data on Thursday, October 31st. The basic materials company reported $3.94 EPS for the quarter, topping the consensus estimate of $3.89 by $0.05. The company had revenue of $8.36 billion during the quarter, compared to analyst estimates of $8.39 billion. Linde had a net margin of 19.33% and a return on equity of 18.16%. Linde’s quarterly revenue was up 1.9% compared to the same quarter last year. During the same period in the previous year, the firm earned $3.63 earnings per share. Sell-side analysts anticipate that Linde plc will post 15.45 earnings per share for the current fiscal year.

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.