Silver Oak Securities Incorporated Reduces Position in Linde plc (NASDAQ:LIN)

Silver Oak Securities Incorporated reduced its stake in shares of Linde plc (NASDAQ:LIN) by 38.6% during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 1,207 shares of the basic materials company’s stock after selling 758 shares during the period. Silver Oak Securities Incorporated’s holdings in Linde were worth $504,000 as of its most recent SEC filing.

A number of other large investors have also made changes to their positions in the stock. Geneva Partners LLC acquired a new stake in Linde during the fourth quarter worth about $209,000. Bleakley Financial Group LLC increased its holdings in shares of Linde by 0.8% during the 4th quarter. Bleakley Financial Group LLC now owns 13,058 shares of the basic materials company’s stock worth $5,467,000 after buying an additional 103 shares during the last quarter. Choreo LLC increased its holdings in shares of Linde by 3.9% during the 4th quarter. Choreo LLC now owns 17,202 shares of the basic materials company’s stock worth $7,186,000 after buying an additional 648 shares during the last quarter. Money Concepts Capital Corp purchased a new stake in shares of Linde during the 4th quarter valued at approximately $440,000. Finally, Country Club Bank lifted its holdings in Linde by 20.7% in the fourth quarter. Country Club Bank now owns 4,640 shares of the basic materials company’s stock valued at $1,938,000 after acquiring an additional 795 shares during the last quarter. 82.80% of the stock is currently owned by hedge funds and other institutional investors.

Linde Stock Down 1.2 %

Shares of NASDAQ LIN opened at $455.05 on Friday. The stock has a market cap of $216.68 billion, a P/E ratio of 34.55, a PEG ratio of 2.77 and a beta of 0.94. The business’s fifty day simple moving average is $434.48 and its 200-day simple moving average is $453.49. Linde plc has a 12-month low of $410.69 and a 12-month high of $487.49. The company has a current ratio of 0.96, a quick ratio of 0.81 and a debt-to-equity ratio of 0.43.

Linde (NASDAQ:LIN) last announced its quarterly earnings data on Thursday, February 6th. The basic materials company reported $3.97 earnings per share (EPS) for the quarter, beating the consensus estimate of $3.93 by $0.04. Linde had a return on equity of 18.16% and a net margin of 19.33%. As a group, equities analysts predict that Linde plc will post 15.45 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

Several equities research analysts have issued reports on the company. BMO Capital Markets raised their target price on Linde from $477.00 to $507.00 and gave the stock an “outperform” rating in a research note on Friday, November 1st. Deutsche Bank Aktiengesellschaft boosted their price objective on shares of Linde from $510.00 to $515.00 and gave the company a “buy” rating in a report on Friday, November 1st. Citigroup dropped their price target on shares of Linde from $490.00 to $480.00 and set a “neutral” rating for the company in a research report on Wednesday, December 18th. Mizuho upped their price objective on shares of Linde from $520.00 to $530.00 and gave the stock an “outperform” rating in a report on Friday, November 1st. Finally, TD Cowen upgraded shares of Linde from a “hold” rating to a “buy” rating and lifted their target price for the company from $480.00 to $515.00 in a report on Monday, January 13th. Four investment analysts have rated the stock with a hold rating and nine have assigned a buy rating to the stock. According to MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $501.82.

Insiders Place Their Bets

In other Linde news, Director Paula Rosput Reynolds bought 100 shares of the firm’s stock in a transaction that occurred on Thursday, December 12th. The stock was purchased at an average price of $441.34 per share, for a total transaction of $44,134.00. Following the completion of the purchase, the director now directly owns 233 shares in the company, valued at $102,832.22. This trade represents a 75.19 % increase in their ownership of the stock. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, VP David P. Strauss sold 2,218 shares of the stock in a transaction that occurred on Monday, December 16th. The shares were sold at an average price of $434.35, for a total transaction of $963,388.30. Following the completion of the transaction, 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 disclosure for this sale can be found here. 0.60% of the stock is currently owned by company insiders.

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.