Ieq Capital LLC Sells 6,987 Shares of Linde plc (NASDAQ:LIN)

Ieq Capital LLC decreased its position in Linde plc (NASDAQ:LIN) by 25.2% during the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 20,789 shares of the basic materials company’s stock after selling 6,987 shares during the quarter. Ieq Capital LLC’s holdings in Linde were worth $8,704,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other large investors have also added to or reduced their stakes in the company. AMF Tjanstepension AB lifted its holdings in shares of Linde by 108.7% in the 3rd quarter. AMF Tjanstepension AB now owns 784,477 shares of the basic materials company’s stock valued at $374,086,000 after acquiring an additional 408,659 shares during the last quarter. Howard Capital Management Group LLC bought a new stake in shares of Linde in the 3rd quarter valued at approximately $252,000. Private Advisor Group LLC lifted its stake in shares of Linde by 0.3% in the 3rd quarter. Private Advisor Group LLC now owns 20,199 shares of the basic materials company’s stock valued at $9,632,000 after purchasing an additional 56 shares during the last quarter. Wallington Asset Management LLC boosted its holdings in shares of Linde by 3.1% in the 3rd quarter. Wallington Asset Management LLC now owns 70,805 shares of the basic materials company’s stock worth $33,764,000 after purchasing an additional 2,106 shares during the period. Finally, Fulcrum Capital LLC increased its position in shares of Linde by 0.6% during the 3rd quarter. Fulcrum Capital LLC now owns 13,764 shares of the basic materials company’s stock valued at $6,564,000 after purchasing an additional 82 shares during the last quarter. Institutional investors own 82.80% of the company’s stock.

Wall Street Analyst Weigh In

LIN has been the subject of a number of analyst reports. Deutsche Bank Aktiengesellschaft raised 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. Citigroup lowered their target price on shares of Linde from $490.00 to $480.00 and set a “neutral” rating for the company in a report on Wednesday, December 18th. BMO Capital Markets lifted their price target on shares of Linde from $477.00 to $507.00 and gave the stock an “outperform” rating in a research note on Friday, November 1st. Erste Group Bank restated a “hold” rating on shares of Linde in a research report on Tuesday, November 19th. Finally, Mizuho increased their price target on Linde from $520.00 to $530.00 and gave the stock an “outperform” rating in a report on Friday, November 1st. Four equities research analysts have rated the stock with a hold rating and nine have given a buy rating to the stock. According to data from MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus price target of $501.82.

Linde Stock Down 0.0 %

Shares of NASDAQ LIN opened at $461.90 on Friday. Linde plc has a 52-week low of $410.69 and a 52-week high of $487.49. The firm has a market capitalization of $219.94 billion, a price-to-earnings ratio of 33.94, a PEG ratio of 3.11 and a beta of 0.94. The stock has a 50 day moving average price of $436.43 and a 200 day moving average price of $454.23. 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 issued its earnings results on Thursday, February 6th. The basic materials company reported $3.97 earnings per share 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%. Sell-side analysts expect that Linde plc will post 16.54 earnings per share for the current year.

Insiders Place Their Bets

In other Linde news, VP David P. Strauss sold 2,218 shares of the company’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 owns 25,926 shares in the company, valued at $11,260,958.10. This represents a 7.88 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Also, VP Guillermo Bichara sold 4,385 shares of the stock in a transaction on Wednesday, December 4th. The shares were sold at an average price of $460.73, for a total value of $2,020,301.05. Following the sale, the vice president now directly owns 22,776 shares in the company, valued at $10,493,586.48. This trade represents a 16.14 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 9,503 shares of company stock worth $4,306,843 in the last three months. Corporate insiders own 0.60% of the company’s stock.

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.