Linde plc (NASDAQ:LIN) Shares Sold by One Wealth Advisors LLC

One Wealth Advisors LLC lessened its stake in Linde plc (NASDAQ:LIN) by 22.3% in the 4th quarter, HoldingsChannel.com reports. The institutional investor owned 786 shares of the basic materials company’s stock after selling 226 shares during the period. One Wealth Advisors LLC’s holdings in Linde were worth $329,000 as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors and hedge funds have also modified their holdings of the company. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC raised its holdings in Linde by 372.8% in 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 period. International Assets Investment Management LLC raised its holdings in Linde by 47,830.2% in the 3rd quarter. International Assets Investment Management LLC now owns 936,076 shares of the basic materials company’s stock worth $446,377,000 after purchasing an additional 934,123 shares during the period. Assenagon Asset Management S.A. raised its holdings in Linde by 2,293.0% in the 4th quarter. Assenagon Asset Management S.A. now owns 782,461 shares of the basic materials company’s stock worth $327,593,000 after purchasing an additional 749,763 shares during the period. AMF Tjanstepension AB increased its stake in Linde by 108.7% during the 3rd quarter. AMF Tjanstepension AB now owns 784,477 shares of the basic materials company’s stock worth $374,086,000 after buying an additional 408,659 shares in the last quarter. Finally, KBC Group NV increased its stake in Linde by 131.6% during the 3rd quarter. KBC Group NV now owns 621,444 shares of the basic materials company’s stock worth $296,342,000 after buying an additional 353,136 shares in the last quarter. Institutional investors and hedge funds own 82.80% of the company’s stock.

Linde Stock Performance

NASDAQ LIN opened at $454.21 on Tuesday. The company has a quick ratio of 0.81, a current ratio of 0.96 and a debt-to-equity ratio of 0.43. Linde plc has a 52-week low of $396.07 and a 52-week high of $487.49. The business’s 50-day moving average price is $434.54 and its 200 day moving average price is $453.31. The firm has a market cap of $216.28 billion, a P/E ratio of 34.49, a P/E/G ratio of 2.77 and a beta of 0.94.

Analyst Upgrades and Downgrades

LIN has been the subject of several research reports. Deutsche Bank Aktiengesellschaft boosted their price objective on Linde from $510.00 to $515.00 and gave the stock a “buy” rating in a research note on Friday, November 1st. BMO Capital Markets upped 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. Citigroup decreased their price objective on 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 restated a “hold” rating on shares of Linde in a research note on Tuesday, November 19th. Finally, TD Cowen raised Linde from a “hold” rating to a “buy” rating and increased their target price for the company from $480.00 to $515.00 in a report on Monday, January 13th. Four equities research analysts have rated the stock with a hold rating and nine have issued a buy rating to the stock. Based on data from MarketBeat.com, the company has an average rating of “Moderate Buy” and an average target price of $501.82.

Insider Buying and Selling

In other news, Director Paula Rosput Reynolds acquired 100 shares of Linde stock in a transaction that occurred on Thursday, December 12th. The stock was purchased at an average price of $441.34 per share, for a total transaction of $44,134.00. Following the completion of the transaction, the director now directly owns 233 shares in the company, valued at approximately $102,832.22. This trade represents a 75.19 % increase in their ownership of the stock. The purchase was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, VP David P. Strauss sold 2,218 shares of the firm’s 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 completion of the sale, the vice president now owns 25,926 shares of the company’s stock, valued at approximately $11,260,958.10. The trade was a 7.88 % decrease in their position. The disclosure for this sale can be found here. Corporate insiders own 0.60% of the company’s stock.

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.