Deane Retirement Strategies Inc. Sells 4,410 Shares of Linde plc (NASDAQ:LIN)

Deane Retirement Strategies Inc. lowered its position in shares of Linde plc (NASDAQ:LIN) by 66.5% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 2,224 shares of the basic materials company’s stock after selling 4,410 shares during the quarter. Deane Retirement Strategies Inc.’s holdings in Linde were worth $931,000 as of its most recent SEC filing.

Other large investors have also recently bought and sold shares of the company. Trifecta Capital Advisors LLC boosted its stake in shares of Linde by 16.9% during the third quarter. Trifecta Capital Advisors LLC now owns 145 shares of the basic materials company’s stock valued at $69,000 after purchasing an additional 21 shares during the period. Prentice Wealth Management LLC raised its holdings in Linde by 1.7% during the 3rd quarter. Prentice Wealth Management LLC now owns 1,367 shares of the basic materials company’s stock valued at $652,000 after buying an additional 23 shares during the last quarter. Quotient Wealth Partners LLC boosted its position in Linde by 0.9% during the 3rd quarter. Quotient Wealth Partners LLC now owns 2,706 shares of the basic materials company’s stock valued at $1,290,000 after buying an additional 23 shares during the period. Regent Peak Wealth Advisors LLC grew its holdings in Linde by 1.3% in the 3rd quarter. Regent Peak Wealth Advisors LLC now owns 1,831 shares of the basic materials company’s stock worth $873,000 after acquiring an additional 23 shares during the last quarter. Finally, CVA Family Office LLC increased its position in shares of Linde by 2.9% in the third quarter. CVA Family Office LLC now owns 851 shares of the basic materials company’s stock valued at $406,000 after acquiring an additional 24 shares during the period. 82.80% of the stock is currently owned by institutional investors and hedge funds.

Insider Buying and Selling at Linde

In other news, Director Paula Rosput Reynolds bought 100 shares of the stock in a transaction on Thursday, December 12th. The shares were bought at an average price of $441.34 per share, with a total value of $44,134.00. Following the completion of the acquisition, the director now owns 233 shares in the company, valued at $102,832.22. The trade was a 75.19 % increase in their ownership of the stock. The acquisition was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, VP Guillermo Bichara sold 4,385 shares of the firm’s stock in a transaction dated Wednesday, December 4th. The stock was sold at an average price of $460.73, for a total value of $2,020,301.05. Following the completion of the transaction, the vice president now directly owns 22,776 shares in the company, valued at $10,493,586.48. The trade was a 16.14 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Company insiders own 0.60% of the company’s stock.

Linde Price Performance

Shares of NASDAQ LIN opened at $435.51 on Wednesday. The company has a 50 day moving average of $435.27 and a 200 day moving average of $453.36. 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 twelve month low of $396.07 and a twelve month high of $487.49. The firm has a market cap of $207.37 billion, a P/E ratio of 33.07, a PEG ratio of 2.74 and a beta of 0.94.

Linde (NASDAQ:LIN) last posted its quarterly earnings results on Thursday, October 31st. The basic materials company reported $3.94 earnings per share for the quarter, topping the consensus estimate of $3.89 by $0.05. Linde had a return on equity of 18.16% and a net margin of 19.33%. The firm had revenue of $8.36 billion during the quarter, compared to analysts’ expectations of $8.39 billion. During the same quarter in the previous year, the business earned $3.63 earnings per share. The company’s revenue was up 1.9% on a year-over-year basis. As a group, research analysts expect that Linde plc will post 15.45 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

Several research firms recently issued reports on LIN. Citigroup cut their target price on Linde from $490.00 to $480.00 and set a “neutral” rating on the stock in a research note on Wednesday, December 18th. Erste Group Bank reiterated a “hold” rating on shares of Linde in a report on Tuesday, November 19th. Mizuho lifted their target price on shares of Linde from $520.00 to $530.00 and gave the company an “outperform” rating in a research note on Friday, November 1st. Deutsche Bank Aktiengesellschaft boosted their price target on shares of Linde from $510.00 to $515.00 and gave the company a “buy” rating in a research report on Friday, November 1st. Finally, TD Cowen upgraded Linde from a “hold” rating to a “buy” rating and upped their target price for the stock from $480.00 to $515.00 in a report on Monday, January 13th. Four research analysts have rated the stock with a hold rating and nine have issued a buy rating to the stock. According to MarketBeat.com, Linde presently has an average rating of “Moderate Buy” and an average target price of $501.82.

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.