Wilkinson Global Asset Management LLC Sells 1,102 Shares of Linde plc (NASDAQ:LIN)

Wilkinson Global Asset Management LLC cut its position in shares of Linde plc (NASDAQ:LIN) by 0.9% during the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 120,069 shares of the basic materials company’s stock after selling 1,102 shares during the quarter. Linde accounts for 3.1% of Wilkinson Global Asset Management LLC’s portfolio, making the stock its 16th biggest holding. Wilkinson Global Asset Management LLC’s holdings in Linde were worth $50,269,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other large investors have also modified their holdings of LIN. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC lifted its position in shares of 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 period. International Assets Investment Management LLC raised its stake in Linde by 47,830.2% during the third quarter. International Assets Investment Management LLC now owns 936,076 shares of the basic materials company’s stock worth $446,377,000 after acquiring an additional 934,123 shares in the last quarter. Assenagon Asset Management S.A. lifted its holdings in shares of Linde by 2,293.0% during the fourth quarter. Assenagon Asset Management S.A. now owns 782,461 shares of the basic materials company’s stock valued at $327,593,000 after acquiring an additional 749,763 shares during the period. AMF Tjanstepension AB boosted its stake 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 purchasing an additional 408,659 shares in the last quarter. Finally, KBC Group NV boosted its stake in shares of Linde by 131.6% in the 3rd quarter. KBC Group NV now owns 621,444 shares of the basic materials company’s stock valued at $296,342,000 after purchasing an additional 353,136 shares in the last quarter. 82.80% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

LIN has been the subject of several analyst reports. Citigroup cut their price target 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 target price on shares of Linde from $477.00 to $507.00 and gave the company an “outperform” rating in a research note on Friday, November 1st. Mizuho increased their price target on Linde from $520.00 to $530.00 and gave the stock an “outperform” rating in a research report on Friday, November 1st. Deutsche Bank Aktiengesellschaft lifted 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. Finally, Erste Group Bank restated a “hold” rating on shares of Linde in a report on Tuesday, November 19th. Four equities research analysts have rated the stock with a hold rating and nine have issued a buy rating to the company. Based on data from MarketBeat, Linde currently has an average rating of “Moderate Buy” and a consensus target price of $501.82.

Insiders Place Their Bets

In other news, Director Robert L. Wood sold 2,900 shares of the business’s stock in a transaction dated Monday, February 10th. The stock was sold at an average price of $456.26, for a total value of $1,323,154.00. Following the sale, the director now directly owns 14,013 shares in the company, valued at $6,393,571.38. The trade was a 17.15 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. Also, VP David P. Strauss sold 2,218 shares of the business’s stock in a transaction that occurred on Monday, December 16th. The shares were sold at an average price of $434.35, for a total value 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. The trade was a 7.88 % decrease in their position. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 9,503 shares of company stock worth $4,306,843. Insiders own 0.60% of the company’s stock.

Linde Price Performance

Shares of LIN stock opened at $465.83 on Wednesday. The company has a quick ratio of 0.76, a current ratio of 0.89 and a debt-to-equity ratio of 0.39. Linde plc has a 12 month low of $410.69 and a 12 month high of $487.49. The firm has a market cap of $221.81 billion, a price-to-earnings ratio of 34.23, a PEG ratio of 3.05 and a beta of 0.94. The stock has a 50-day moving average price of $435.53 and a 200 day moving average price of $454.12.

Linde (NASDAQ:LIN) last issued its quarterly earnings results on Thursday, February 6th. The basic materials company reported $3.97 EPS for the quarter, topping the consensus estimate of $3.93 by $0.04. Linde had a net margin of 19.89% and a return on equity of 18.71%. Research analysts expect that Linde plc will post 16.54 EPS for the current year.

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.