Wilkinson Global Asset Management LLC Sells 1,102 Shares of Linde plc (NASDAQ:LIN)

Wilkinson Global Asset Management LLC lowered its position in Linde plc (NASDAQ:LIN) by 0.9% in the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 120,069 shares of the basic materials company’s stock after selling 1,102 shares during the quarter. Linde makes up about 3.1% of Wilkinson Global Asset Management LLC’s investment portfolio, making the stock its 16th largest holding. Wilkinson Global Asset Management LLC’s holdings in Linde were worth $50,269,000 at the end of the most recent reporting period.

Several other hedge funds have also bought and sold shares of 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 position in shares of Linde by 144.8% in the fourth quarter. Global Wealth Strategies & Associates now owns 71 shares of the basic materials company’s stock valued at $30,000 after acquiring an additional 42 shares during the period. Retirement Wealth Solutions LLC bought a new stake in shares of Linde in the fourth quarter valued at about $34,000. Capital Performance Advisors LLP acquired a new position in shares of Linde in the third quarter valued at about $43,000. Finally, Kozak & Associates Inc. increased its position in Linde by 38.6% during the fourth quarter. Kozak & Associates Inc. now owns 97 shares of the basic materials company’s stock worth $40,000 after acquiring an additional 27 shares during the period. 82.80% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

Several equities analysts have weighed in on LIN shares. BMO Capital Markets lifted their price objective on Linde from $477.00 to $507.00 and gave the company an “outperform” rating in a report on Friday, November 1st. TD Cowen raised shares of Linde from a “hold” rating to a “buy” rating and increased their price objective for the company from $480.00 to $515.00 in a research note on Monday, January 13th. Erste Group Bank reiterated a “hold” rating on shares of Linde in a research report on Tuesday, November 19th. Deutsche Bank Aktiengesellschaft lifted their price target on shares of Linde from $510.00 to $515.00 and gave the stock a “buy” rating in a report on Friday, November 1st. Finally, Mizuho lifted their price objective on Linde from $520.00 to $530.00 and gave the stock an “outperform” rating in a research note on Friday, November 1st. Four investment analysts have rated the stock with a hold rating and nine have given a buy rating to the company. According to data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average price target of $501.82.

Insider Activity

In other Linde news, Director Paula Rosput Reynolds acquired 100 shares of the company’s stock in a transaction on Thursday, December 12th. The shares were purchased at an average cost of $441.34 per share, with a total value of $44,134.00. Following the completion of the purchase, the director now owns 233 shares of the company’s stock, valued at approximately $102,832.22. This represents a 75.19 % increase in their ownership of the stock. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Also, VP David P. Strauss sold 2,218 shares of Linde stock in a transaction dated Monday, December 16th. The shares were sold at an average price of $434.35, for a total transaction of $963,388.30. Following the transaction, the vice president now owns 25,926 shares of the company’s stock, valued at $11,260,958.10. This represents a 7.88 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 9,503 shares of company stock worth $4,306,843. Company insiders own 0.60% of the company’s stock.

Linde Price Performance

Shares of LIN opened at $465.83 on Wednesday. The firm has a market cap of $221.81 billion, a PE ratio of 34.23, a price-to-earnings-growth ratio of 3.05 and a beta of 0.94. Linde plc has a 52-week low of $410.69 and a 52-week high of $487.49. The business’s 50 day moving average price is $435.53 and its two-hundred day moving average price is $454.12. The company has a debt-to-equity ratio of 0.39, a quick ratio of 0.76 and a current ratio of 0.89.

Linde (NASDAQ:LIN) last released its earnings results on Thursday, February 6th. The basic materials company reported $3.97 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $3.93 by $0.04. Linde had a net margin of 19.89% and a return on equity of 18.71%. On average, equities analysts anticipate that Linde plc will post 16.54 EPS for the current year.

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.