Aries Wealth Management Has $844,000 Holdings in Linde plc (NASDAQ:LIN)

Aries Wealth Management trimmed its stake in Linde plc (NASDAQ:LIN) by 1.5% in the fourth quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 2,017 shares of the basic materials company’s stock after selling 30 shares during the period. Aries Wealth Management’s holdings in Linde were worth $844,000 at the end of the most recent reporting period.

Other large investors have also bought and sold shares of the company. Synergy Asset Management LLC bought a new stake in Linde in the fourth quarter valued at approximately $25,000. Strategic Financial Concepts LLC bought a new position in Linde during the 4th quarter worth approximately $28,000. Global Wealth Strategies & Associates lifted its position 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 purchasing an additional 42 shares during the period. Kozak & Associates Inc. bought a new stake in shares of Linde in the 3rd quarter valued at $34,000. Finally, Retirement Wealth Solutions LLC acquired a new stake in shares of Linde during the fourth quarter worth $34,000. 82.80% of the stock is owned by institutional investors.

Insider Activity

In other Linde news, Director Robert L. Wood sold 2,900 shares of the business’s stock in a transaction on 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 sale, the director now owns 14,013 shares of the company’s stock, valued at $6,393,571.38. The trade was a 17.15 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available through this link. Also, VP David P. Strauss sold 2,218 shares of the stock in a transaction on Monday, December 16th. The stock was sold at an average price of $434.35, for a total value of $963,388.30. Following the sale, the vice president now owns 25,926 shares in the company, 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 have sold a total of 9,503 shares of company stock valued at $4,306,843 over the last quarter. Company insiders own 0.60% of the company’s stock.

Wall Street Analyst Weigh In

Several equities analysts recently issued reports on the stock. Citigroup dropped their target price 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. BMO Capital Markets upped their price target on Linde from $477.00 to $507.00 and gave the stock an “outperform” rating in a report on Friday, November 1st. Erste Group Bank restated a “hold” rating on shares of Linde in a research note on Tuesday, November 19th. Deutsche Bank Aktiengesellschaft upped their target price 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. Finally, Mizuho boosted their price target on shares of Linde from $520.00 to $530.00 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 company. According to MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $501.82.

Linde Price Performance

Linde stock opened at $461.05 on Friday. The company has a current ratio of 0.89, a quick ratio of 0.81 and a debt-to-equity ratio of 0.39. The business’s 50 day simple moving average is $434.42 and its 200 day simple moving average is $453.89. Linde plc has a 12 month low of $410.69 and a 12 month high of $487.49. The company has a market cap of $219.53 billion, a price-to-earnings ratio of 33.88, a PEG ratio of 2.89 and a beta of 0.94.

Linde (NASDAQ:LIN) last announced its quarterly earnings data on Thursday, February 6th. The basic materials company reported $3.97 earnings per share for the quarter, topping 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%. Sell-side analysts forecast that Linde plc will post 16.55 EPS for the current year.

Linde Company 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.