Linde plc (NASDAQ:LIN) Shares Sold by Lee Financial Co

Lee Financial Co lessened its position in shares of Linde plc (NASDAQ:LIN) by 1.8% during the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 2,999 shares of the basic materials company’s stock after selling 56 shares during the period. Lee Financial Co’s holdings in Linde were worth $1,256,000 as of its most recent SEC filing.

Several other hedge funds also recently made changes to their positions in the company. Concord Asset Management LLC VA lifted its stake in Linde by 0.5% in the fourth quarter. Concord Asset Management LLC VA now owns 4,774 shares of the basic materials company’s stock valued at $1,999,000 after acquiring an additional 23 shares during the last quarter. Salomon & Ludwin LLC raised its holdings in shares of Linde by 14.3% during the 3rd quarter. Salomon & Ludwin LLC now owns 192 shares of the basic materials company’s stock valued at $92,000 after purchasing an additional 24 shares in the last quarter. Fourpath Capital Management LLC lifted its stake in shares of Linde by 0.6% in the 4th quarter. Fourpath Capital Management LLC now owns 4,138 shares of the basic materials company’s stock valued at $1,732,000 after purchasing an additional 24 shares during the last quarter. Greystone Financial Group LLC boosted its holdings in Linde by 1.3% in the third quarter. Greystone Financial Group LLC now owns 2,013 shares of the basic materials company’s stock worth $960,000 after purchasing an additional 25 shares in the last quarter. Finally, Romano Brothers AND Company increased its position in Linde by 1.3% during the fourth quarter. Romano Brothers AND Company now owns 2,009 shares of the basic materials company’s stock worth $841,000 after buying an additional 25 shares during the last quarter. Institutional investors and hedge funds own 82.80% of the company’s stock.

Analyst Ratings Changes

A number of analysts have weighed in on the company. TD Cowen raised Linde from a “hold” rating to a “buy” rating and boosted their price target for the stock from $480.00 to $515.00 in a research report on Monday, January 13th. Citigroup decreased their target price on Linde from $490.00 to $480.00 and set a “neutral” rating for the company in a research report on Wednesday, December 18th. Erste Group Bank reissued a “hold” rating on shares of Linde in a research report on Tuesday, November 19th. BMO Capital Markets upped their price objective on shares of Linde from $477.00 to $507.00 and gave the stock an “outperform” rating in a report on Friday, November 1st. Finally, Mizuho lifted their target price on shares of Linde from $520.00 to $530.00 and gave the stock an “outperform” rating in a report on Friday, November 1st. Four investment analysts have rated the stock with a hold rating and nine have issued a buy rating to the stock. According to data from MarketBeat, Linde currently has a consensus rating of “Moderate Buy” and an average target price of $501.82.

Insider Transactions at Linde

In related news, VP Guillermo Bichara sold 4,385 shares of the firm’s stock in a transaction that occurred on Wednesday, December 4th. The stock was sold at an average price of $460.73, for a total transaction of $2,020,301.05. Following the completion of the transaction, the vice president now owns 22,776 shares in the company, valued at $10,493,586.48. This trade represents a 16.14 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, Director Robert L. Wood sold 2,900 shares of the business’s stock in a transaction on Monday, February 10th. The shares were sold at an average price of $456.26, for a total value of $1,323,154.00. Following the completion of the sale, the director now directly owns 14,013 shares in the company, valued at approximately $6,393,571.38. This represents a 17.15 % decrease in their position. The disclosure for this sale can be found here. In the last three months, insiders sold 9,503 shares of company stock valued at $4,306,843. Company insiders own 0.60% of the company’s stock.

Linde Trading Down 0.9 %

Shares of LIN opened at $457.00 on Friday. The stock’s 50-day moving average price is $434.82 and its 200 day moving average price is $453.99. 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 $217.61 billion, a price-to-earnings ratio of 33.58, a P/E/G ratio of 2.89 and a beta of 0.94. Linde plc has a 12-month low of $410.69 and a 12-month high of $487.49.

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

About Linde

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.