Lockheed Martin Investment Management Co. Sells 2,670 Shares of Linde plc (NASDAQ:LIN)

Lockheed Martin Investment Management Co. reduced its position in shares of Linde plc (NASDAQ:LIN) by 45.4% in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 3,210 shares of the basic materials company’s stock after selling 2,670 shares during the period. Lockheed Martin Investment Management Co.’s holdings in Linde were worth $1,344,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also bought and sold shares of LIN. AMF Tjanstepension AB lifted its holdings in shares of Linde by 108.7% during the third quarter. AMF Tjanstepension AB now owns 784,477 shares of the basic materials company’s stock worth $374,086,000 after buying an additional 408,659 shares during the last quarter. Czech National Bank raised its stake in Linde by 6.9% during the 3rd quarter. Czech National Bank now owns 97,927 shares of the basic materials company’s stock valued at $46,697,000 after purchasing an additional 6,321 shares during the last quarter. Diversified Trust Co raised its stake in Linde by 18.4% during the 3rd quarter. Diversified Trust Co now owns 5,230 shares of the basic materials company’s stock valued at $2,494,000 after purchasing an additional 811 shares during the last quarter. Miracle Mile Advisors LLC boosted its holdings in Linde by 4.8% in the 3rd quarter. Miracle Mile Advisors LLC now owns 8,170 shares of the basic materials company’s stock valued at $3,896,000 after purchasing an additional 371 shares during the period. Finally, Threadgill Financial LLC grew its position in Linde by 12.6% in the 3rd quarter. Threadgill Financial LLC now owns 6,873 shares of the basic materials company’s stock worth $3,277,000 after purchasing an additional 767 shares during the last quarter. 82.80% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

Several equities research analysts recently weighed in on LIN shares. Deutsche Bank Aktiengesellschaft increased their target price on shares of 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 raised their price objective on Linde from $477.00 to $507.00 and gave the stock an “outperform” rating in a research report on Friday, November 1st. Citigroup lowered their price objective on Linde from $490.00 to $480.00 and set a “neutral” rating on the stock in a research report on Wednesday, December 18th. Erste Group Bank reaffirmed a “hold” rating on shares of Linde in a research report on Tuesday, November 19th. Finally, Mizuho boosted their price target on shares of Linde from $520.00 to $530.00 and gave the company an “outperform” rating in a report 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’s stock. Based on data from MarketBeat, Linde currently has an average rating of “Moderate Buy” and a consensus target price of $501.82.

Insiders Place Their Bets

In related news, Director Paula Rosput Reynolds purchased 100 shares of Linde stock in a transaction that occurred on 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 transaction, the director now directly owns 233 shares in the company, valued at approximately $102,832.22. This represents a 75.19 % increase in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through this link. Also, VP David P. Strauss sold 2,218 shares of the firm’s stock in a transaction that occurred 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. This represents a 7.88 % decrease in their position. The disclosure for this sale can be found here. Insiders own 0.60% of the company’s stock.

Linde Stock Up 0.1 %

LIN opened at $454.80 on Wednesday. Linde plc has a twelve month low of $396.07 and a twelve month high of $487.49. The firm has a market cap of $216.56 billion, a price-to-earnings ratio of 34.53, a PEG ratio of 2.77 and a beta of 0.94. The firm’s 50-day simple moving average is $434.51 and its 200-day simple moving average is $453.37. 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 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.