Foguth Wealth Management LLC. Sells 38 Shares of Linde plc (NASDAQ:LIN)

Foguth Wealth Management LLC. trimmed its stake in shares of Linde plc (NASDAQ:LIN) by 5.4% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 670 shares of the basic materials company’s stock after selling 38 shares during the quarter. Foguth Wealth Management LLC.’s holdings in Linde were worth $294,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in LIN. Synergy Asset Management LLC bought a new stake in shares of Linde during the 4th quarter worth about $25,000. Global Wealth Strategies & Associates boosted its holdings in shares of 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 acquiring an additional 42 shares during the period. Kozak & Associates Inc. bought a new stake in shares of Linde during the third quarter worth approximately $34,000. Retirement Wealth Solutions LLC acquired a new position in shares of Linde in the fourth quarter valued at approximately $34,000. Finally, Hanson & Doremus Investment Management increased its stake in shares of Linde by 34.2% during the fourth quarter. Hanson & Doremus Investment Management now owns 98 shares of the basic materials company’s stock worth $41,000 after purchasing an additional 25 shares during the period. 82.80% of the stock is owned by institutional investors.

Insider Buying and Selling at Linde

In other news, 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 value of $2,020,301.05. Following the completion of the transaction, the vice president now directly owns 22,776 shares of the company’s stock, valued at approximately $10,493,586.48. This trade represents a 16.14 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Also, Director Paula Rosput Reynolds acquired 100 shares of the company’s stock in a transaction dated Thursday, December 12th. The stock was acquired at an average cost of $441.34 per share, for a total transaction of $44,134.00. Following the completion of the purchase, the director now directly owns 233 shares in the company, valued at $102,832.22. This trade represents a 75.19 % increase in their ownership of the stock. The disclosure for this purchase can be found here. Corporate insiders own 0.60% of the company’s stock.

Linde Stock Performance

Shares of NASDAQ:LIN opened at $454.80 on Wednesday. The company’s 50 day simple moving average is $434.48 and its 200 day simple moving average is $453.44. The company has a debt-to-equity ratio of 0.43, a current ratio of 0.96 and a quick ratio of 0.81. Linde plc has a 1 year low of $396.07 and a 1 year high of $487.49. The stock has a market capitalization of $216.56 billion, a price-to-earnings ratio of 34.53, a price-to-earnings-growth ratio of 2.77 and a beta of 0.94.

Analyst Ratings Changes

Several research firms recently issued reports on LIN. Erste Group Bank restated a “hold” rating on shares of Linde in a research note on Tuesday, November 19th. Deutsche Bank Aktiengesellschaft boosted their target price on shares of Linde from $510.00 to $515.00 and gave the company a “buy” rating in a research report on Friday, November 1st. Mizuho raised their price target on shares of Linde from $520.00 to $530.00 and gave the stock an “outperform” rating in a research 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 report on Wednesday, December 18th. Finally, BMO Capital Markets raised their target price on shares of Linde from $477.00 to $507.00 and gave the stock an “outperform” rating in a report on Friday, November 1st. Four analysts have rated the stock with a hold rating and nine have assigned a buy rating to the stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $501.82.

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.