Weatherly Asset Management L. P. Has $202,000 Holdings in Linde plc (NASDAQ:LIN)

Weatherly Asset Management L. P. cut its stake in Linde plc (NASDAQ:LIN) by 10.4% in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 483 shares of the basic materials company’s stock after selling 56 shares during the period. Weatherly Asset Management L. P.’s holdings in Linde were worth $202,000 at the end of the most recent reporting period.

Other hedge funds have also modified their holdings of the company. Helios Capital Management PTE. Ltd. grew its position in Linde by 85.2% during the 4th quarter. Helios Capital Management PTE. Ltd. now owns 2,500 shares of the basic materials company’s stock worth $1,047,000 after acquiring an additional 1,150 shares during the last quarter. Channel Wealth LLC grew its position in Linde by 30.4% during the 4th quarter. Channel Wealth LLC now owns 7,385 shares of the basic materials company’s stock worth $3,092,000 after acquiring an additional 1,723 shares during the last quarter. Nordea Investment Management AB grew its position in Linde by 2.2% during the 4th quarter. Nordea Investment Management AB now owns 2,145,643 shares of the basic materials company’s stock worth $898,188,000 after acquiring an additional 46,843 shares during the last quarter. M&T Bank Corp grew its position in Linde by 6.7% during the 3rd quarter. M&T Bank Corp now owns 79,472 shares of the basic materials company’s stock worth $37,898,000 after acquiring an additional 5,021 shares during the last quarter. Finally, SYM FINANCIAL Corp bought a new stake in Linde during the 4th quarter worth approximately $625,000. 82.80% of the stock is owned by institutional investors and hedge funds.

Insider Buying and Selling

In related news, VP David P. Strauss sold 2,218 shares of the firm’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 sale, the vice president now owns 25,926 shares of the company’s stock, valued at approximately $11,260,958.10. This trade represents a 7.88 % decrease in their position. The sale was disclosed in a filing with the SEC, which can be accessed through this link. Also, Director Paula Rosput Reynolds purchased 100 shares of the company’s stock in a transaction on Thursday, December 12th. The stock was purchased at an average cost of $441.34 per share, for a total transaction of $44,134.00. Following the purchase, 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 disclosure for this purchase can be found here. 0.60% of the stock is currently owned by company insiders.

Analyst Upgrades and Downgrades

LIN has been the topic of a number of research analyst reports. Erste Group Bank restated a “hold” rating on shares of Linde in a research report on Tuesday, November 19th. Deutsche Bank Aktiengesellschaft increased their price objective on Linde from $510.00 to $515.00 and gave the company a “buy” rating in a research report on Friday, November 1st. TD Cowen upgraded 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 report on Monday, January 13th. Mizuho increased their price objective on Linde from $520.00 to $530.00 and gave the company an “outperform” rating in a research report on Friday, November 1st. Finally, BMO Capital Markets increased their price objective on Linde from $477.00 to $507.00 and gave the company an “outperform” rating in a research 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. Based on data from MarketBeat, Linde has a consensus rating of “Moderate Buy” and a consensus target price of $501.82.

Linde Stock Up 1.3 %

NASDAQ:LIN opened at $460.86 on Tuesday. Linde plc has a 12-month low of $410.69 and a 12-month high of $487.49. The company has a quick ratio of 0.81, a current ratio of 0.89 and a debt-to-equity ratio of 0.39. The firm has a market capitalization of $219.44 billion, a P/E ratio of 33.86, a P/E/G ratio of 2.89 and a beta of 0.94. The stock’s fifty day simple moving average is $434.36 and its 200-day simple moving average is $453.66.

Linde (NASDAQ:LIN) last posted its quarterly earnings results 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 return on equity of 18.71% and a net margin of 19.89%. Equities research analysts expect that Linde plc will post 16.55 earnings per share 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.