Quotient Wealth Partners LLC Decreases Position in Linde plc (NASDAQ:LIN)

Quotient Wealth Partners LLC cut its stake in shares of Linde plc (NASDAQ:LIN) by 12.3% during the 4th quarter, HoldingsChannel.com reports. The fund owned 2,372 shares of the basic materials company’s stock after selling 334 shares during the period. Quotient Wealth Partners LLC’s holdings in Linde were worth $993,000 as of its most recent SEC filing.

Other large investors also recently bought and sold shares of the company. Geode Capital Management LLC raised its stake in shares of Linde by 1.4% in the 3rd quarter. Geode Capital Management LLC now owns 10,973,175 shares of the basic materials company’s stock valued at $5,217,197,000 after purchasing an additional 154,792 shares in the last quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC lifted its holdings in Linde by 372.8% during 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 buying an additional 2,592,682 shares during the last quarter. Charles Schwab Investment Management Inc. grew its position in shares of Linde by 1.7% in the 3rd quarter. Charles Schwab Investment Management Inc. now owns 3,015,882 shares of the basic materials company’s stock worth $1,438,154,000 after acquiring an additional 50,882 shares in the last quarter. Impax Asset Management Group plc increased its holdings in shares of Linde by 2.4% in the 3rd quarter. Impax Asset Management Group plc now owns 2,374,339 shares of the basic materials company’s stock valued at $1,130,986,000 after acquiring an additional 56,775 shares during the last quarter. Finally, Nordea Investment Management AB raised its position in shares of 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 valued at $898,188,000 after acquiring an additional 46,843 shares in the last quarter. Institutional investors and hedge funds own 82.80% of the company’s stock.

Insider Activity

In related news, VP David P. Strauss sold 2,218 shares of the firm’s stock in a transaction that occurred on Monday, December 16th. The stock was sold at an average price of $434.35, for a total value of $963,388.30. Following the transaction, the vice president now directly 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 legal filing with the Securities & Exchange Commission, which is accessible through this link. Also, VP Guillermo Bichara sold 4,385 shares of the stock in a transaction that occurred 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 transaction, the vice president now owns 22,776 shares in the company, valued at approximately $10,493,586.48. This trade represents a 16.14 % decrease in their position. The disclosure for this sale can be found here. 0.60% of the stock is owned by corporate insiders.

Analyst Upgrades and Downgrades

Several analysts have weighed in on the stock. 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 research note on Wednesday, December 18th. Erste Group Bank reiterated a “hold” rating on shares of Linde in a research note on Tuesday, November 19th. Mizuho lifted their target price on 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 raised their price target on Linde from $510.00 to $515.00 and gave the stock a “buy” rating in a report on Friday, November 1st. Finally, TD Cowen upgraded shares of Linde from a “hold” rating to a “buy” rating and raised their price target for the company from $480.00 to $515.00 in a research note on Monday, January 13th. Four equities research analysts have rated the stock with a hold rating and nine have given a buy rating to the company. According to MarketBeat.com, Linde has an average rating of “Moderate Buy” and a consensus target price of $501.82.

Linde Stock Down 1.2 %

Shares of Linde stock opened at $455.05 on Friday. The company has a market cap of $216.68 billion, a P/E ratio of 33.43, a P/E/G ratio of 2.89 and a beta of 0.94. Linde plc has a 1 year low of $410.69 and a 1 year high of $487.49. The company has a current ratio of 0.89, a quick ratio of 0.81 and a debt-to-equity ratio of 0.39. The stock has a 50-day moving average price of $434.36 and a 200 day moving average price of $453.55.

Linde (NASDAQ:LIN) last issued its earnings results on Thursday, February 6th. The basic materials company reported $3.97 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $3.93 by $0.04. Linde had a net margin of 19.89% and a return on equity of 18.71%. As a group, analysts expect that Linde plc will post 16.55 EPS for the current fiscal 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.