Linde plc (NASDAQ:LIN) Shares Sold by FDx Advisors Inc.

FDx Advisors Inc. lowered its stake in shares of Linde plc (NASDAQ:LIN) by 5.4% in the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 1,650 shares of the basic materials company’s stock after selling 95 shares during the quarter. FDx Advisors Inc.’s holdings in Linde were worth $691,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also added to or reduced their stakes in the company. Synergy Asset Management LLC acquired a new position in Linde during the 4th quarter worth $25,000. Strategic Financial Concepts LLC acquired a new position in Linde during the 4th quarter worth $28,000. Global Wealth Strategies & Associates boosted its position in Linde by 144.8% during the 4th quarter. Global Wealth Strategies & Associates now owns 71 shares of the basic materials company’s stock worth $30,000 after acquiring an additional 42 shares during the period. Retirement Wealth Solutions LLC acquired a new position in Linde during the 4th quarter worth $34,000. Finally, Kozak & Associates Inc. boosted its position in Linde by 38.6% during the 4th 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. Institutional investors and hedge funds own 82.80% of the company’s stock.

Analyst Upgrades and Downgrades

A number of research analysts have issued reports on the company. TD Cowen upgraded Linde from a “hold” rating to a “buy” rating and boosted their price target for the stock from $480.00 to $515.00 in a research report on Monday, January 13th. Mizuho boosted their price target on Linde from $520.00 to $530.00 and gave the stock an “outperform” rating in a research report on Friday, November 1st. Deutsche Bank Aktiengesellschaft boosted their price target on Linde from $510.00 to $515.00 and gave the stock a “buy” rating in a research report on Friday, November 1st. Erste Group Bank reiterated a “hold” rating on shares of Linde in a research report on Tuesday, November 19th. Finally, BMO Capital Markets boosted their price objective on Linde from $477.00 to $507.00 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 assigned a buy rating to the company’s stock. According to data from MarketBeat, Linde presently has an average rating of “Moderate Buy” and an average price target of $501.82.

Linde Stock Down 0.0 %

LIN opened at $461.90 on Friday. The stock’s fifty day moving average is $436.43 and its 200-day moving average is $454.23. The company has a market capitalization of $219.94 billion, a PE ratio of 33.94, a P/E/G ratio of 3.08 and a beta of 0.94. 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 plc has a one year low of $410.69 and a one year high of $487.49.

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

Insider Transactions at Linde

In other news, VP Guillermo Bichara sold 4,385 shares of the business’s stock in a transaction on Wednesday, December 4th. The stock was sold at an average price of $460.73, for a total transaction of $2,020,301.05. Following the sale, the vice president now directly owns 22,776 shares of the company’s stock, valued at $10,493,586.48. The trade was a 16.14 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, Director Robert L. Wood sold 2,900 shares of the business’s stock in a transaction on Monday, February 10th. The stock was sold at an average price of $456.26, for a total value of $1,323,154.00. Following the sale, the director now directly owns 14,013 shares in the company, valued at $6,393,571.38. This trade represents a 17.15 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 9,503 shares of company stock valued at $4,306,843 over the last three months. Company insiders own 0.60% of the company’s stock.

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.