Lee Financial Co Sells 56 Shares of Linde plc (NASDAQ:LIN)

Lee Financial Co trimmed its holdings in Linde plc (NASDAQ:LIN) by 1.8% in the fourth quarter, HoldingsChannel.com reports. The institutional investor owned 2,999 shares of the basic materials company’s stock after selling 56 shares during the quarter. Lee Financial Co’s holdings in Linde were worth $1,256,000 at the end of the most recent reporting period.

A number of other hedge funds have also recently added to or reduced their stakes in the stock. Geode Capital Management LLC lifted its stake in shares of Linde by 1.4% during the third quarter. Geode Capital Management LLC now owns 10,973,175 shares of the basic materials company’s stock valued at $5,217,197,000 after acquiring an additional 154,792 shares during the period. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC raised its holdings in Linde by 372.8% during the 3rd quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 3,288,088 shares of the basic materials company’s stock worth $1,567,958,000 after purchasing an additional 2,592,682 shares during the last quarter. Charles Schwab Investment Management Inc. raised its holdings in Linde by 1.7% during the 3rd quarter. Charles Schwab Investment Management Inc. now owns 3,015,882 shares of the basic materials company’s stock worth $1,438,154,000 after purchasing an additional 50,882 shares during the last quarter. Impax Asset Management Group plc lifted its position in Linde by 2.4% during the 3rd quarter. Impax Asset Management Group plc now owns 2,374,339 shares of the basic materials company’s stock valued at $1,130,986,000 after purchasing an additional 56,775 shares during the period. Finally, Nordea Investment Management AB boosted its stake in shares of Linde by 2.2% in the 4th quarter. Nordea Investment Management AB now owns 2,145,643 shares of the basic materials company’s stock valued at $898,188,000 after purchasing an additional 46,843 shares during the last quarter. Institutional investors own 82.80% of the company’s stock.

Linde Price Performance

NASDAQ LIN opened at $457.00 on Friday. The company has a debt-to-equity ratio of 0.39, a quick ratio of 0.81 and a current ratio of 0.89. The stock has a market cap of $217.61 billion, a price-to-earnings ratio of 33.58, a PEG ratio of 2.89 and a beta of 0.94. The business has a 50 day simple moving average of $434.82 and a 200 day simple moving average of $453.99. Linde plc has a 52-week low of $410.69 and a 52-week high of $487.49.

Linde (NASDAQ:LIN) last issued its quarterly earnings data on Thursday, February 6th. The basic materials company reported $3.97 earnings per share (EPS) for the quarter, topping the consensus estimate of $3.93 by $0.04. Linde had a net margin of 19.89% and a return on equity of 18.71%. Analysts anticipate that Linde plc will post 16.55 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

Several brokerages recently weighed in on LIN. 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 report on Wednesday, December 18th. Erste Group Bank reissued a “hold” rating on shares of Linde in a research note on Tuesday, November 19th. BMO Capital Markets raised their price target on Linde from $477.00 to $507.00 and gave the stock an “outperform” rating in a research report on Friday, November 1st. TD Cowen upgraded Linde from a “hold” rating to a “buy” rating and upped their price objective for the company from $480.00 to $515.00 in a report on Monday, January 13th. Finally, Mizuho raised their target price on Linde from $520.00 to $530.00 and gave the stock 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 stock. According to data from MarketBeat, Linde currently has a consensus rating of “Moderate Buy” and an average price target of $501.82.

Insider Buying and Selling at Linde

In other news, Director Robert L. Wood sold 2,900 shares of the firm’s stock in a transaction that occurred 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 completion of the transaction, the director now directly owns 14,013 shares of the company’s stock, valued at $6,393,571.38. This trade represents a 17.15 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, VP David P. Strauss sold 2,218 shares of the business’s stock in a transaction on Monday, December 16th. The stock was 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 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 9,503 shares of company stock valued at $4,306,843 in the last 90 days. 0.60% of the stock is currently owned by company insiders.

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.