Linde plc (NASDAQ:LIN) Director Robert L. Wood Sells 2,900 Shares

Linde plc (NASDAQ:LIN) Director Robert L. Wood sold 2,900 shares of the company’s stock in a transaction dated Monday, February 10th. The shares were sold at an average price of $456.26, for a total transaction of $1,323,154.00. Following the transaction, the director now owns 14,013 shares in the company, valued at $6,393,571.38. This represents a 17.15 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through this link.

Linde Stock Down 0.5 %

LIN stock opened at $458.56 on Thursday. The stock has a fifty day moving average of $434.44 and a 200-day moving average of $453.86. Linde plc has a fifty-two week low of $410.69 and a fifty-two week high of $487.49. The company has a market capitalization of $218.35 billion, a price-to-earnings ratio of 33.69, a PEG ratio of 2.89 and a beta of 0.94. The company has a debt-to-equity ratio of 0.39, a quick ratio of 0.81 and a current ratio of 0.89.

Linde (NASDAQ:LIN) last announced its quarterly earnings results on Thursday, February 6th. The basic materials company reported $3.97 earnings per share for the quarter, beating the consensus estimate of $3.93 by $0.04. Linde had a return on equity of 18.71% and a net margin of 19.89%. As a group, equities research analysts predict that Linde plc will post 16.55 earnings per share for the current year.

Institutional Investors Weigh In On Linde

Institutional investors and hedge funds have recently modified their holdings of the company. Synergy Asset Management LLC purchased a new position in shares of Linde during the fourth quarter worth about $25,000. Rakuten Securities Inc. grew its stake in Linde by 1,160.0% in the 4th quarter. Rakuten Securities Inc. now owns 63 shares of the basic materials company’s stock worth $26,000 after buying an additional 58 shares in the last quarter. Kozak & Associates Inc. bought a new position in shares of Linde in the 3rd quarter worth $34,000. Global Wealth Strategies & Associates raised its position in shares of Linde by 144.8% during the 4th quarter. Global Wealth Strategies & Associates now owns 71 shares of the basic materials company’s stock valued at $30,000 after buying an additional 42 shares in the last quarter. Finally, Retirement Wealth Solutions LLC bought a new stake in shares of Linde during the 4th quarter worth $34,000. 82.80% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

A number of equities research analysts have commented on LIN shares. 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. TD Cowen raised shares of Linde from a “hold” rating to a “buy” rating and lifted their price target for the company from $480.00 to $515.00 in a research report on Monday, January 13th. Mizuho upped their price objective on shares of Linde from $520.00 to $530.00 and gave the stock an “outperform” rating in a report on Friday, November 1st. Citigroup reduced 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, Erste Group Bank restated a “hold” rating on shares of Linde in a report on Tuesday, November 19th. Four analysts have rated the stock with a hold rating and nine have issued a buy rating to the stock. According to MarketBeat, Linde has a consensus rating of “Moderate Buy” and a consensus target price 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.