Ingalls & Snyder LLC Has $3.16 Million Stock Holdings in Linde plc (NASDAQ:LIN)

Ingalls & Snyder LLC cut its holdings in Linde plc (NASDAQ:LIN) by 2.0% in the fourth quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 7,538 shares of the basic materials company’s stock after selling 157 shares during the quarter. Ingalls & Snyder LLC’s holdings in Linde were worth $3,156,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also modified their holdings of LIN. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC raised its stake 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 valued at $1,567,958,000 after purchasing an additional 2,592,682 shares during the last quarter. International Assets Investment Management LLC grew its holdings in shares of Linde by 47,830.2% in the 3rd quarter. International Assets Investment Management LLC now owns 936,076 shares of the basic materials company’s stock worth $446,377,000 after purchasing an additional 934,123 shares during the last quarter. Assenagon Asset Management S.A. lifted its position in Linde by 2,293.0% during the 4th quarter. Assenagon Asset Management S.A. now owns 782,461 shares of the basic materials company’s stock worth $327,593,000 after buying an additional 749,763 shares in the last quarter. AMF Tjanstepension AB lifted its position in Linde by 108.7% during the 3rd quarter. AMF Tjanstepension AB now owns 784,477 shares of the basic materials company’s stock worth $374,086,000 after buying an additional 408,659 shares in the last quarter. Finally, KBC Group NV lifted its position in Linde by 131.6% during the 3rd quarter. KBC Group NV now owns 621,444 shares of the basic materials company’s stock worth $296,342,000 after buying an additional 353,136 shares in the last quarter. 82.80% of the stock is currently owned by institutional investors and hedge funds.

Insider Activity at Linde

In related news, Director Paula Rosput Reynolds acquired 100 shares of Linde stock in a transaction dated Thursday, December 12th. The shares were acquired at an average cost of $441.34 per share, for a total transaction of $44,134.00. Following the completion of the purchase, the director now owns 233 shares in the company, valued at approximately $102,832.22. The trade was a 75.19 % increase in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Also, VP Guillermo Bichara sold 4,385 shares of the firm’s stock in a transaction 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 completion of the sale, the vice president now owns 22,776 shares in the company, valued at approximately $10,493,586.48. This represents a 16.14 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 9,503 shares of company stock worth $4,306,843 in the last 90 days. Corporate insiders own 0.60% of the company’s stock.

Linde Trading Down 0.5 %

LIN opened at $458.56 on Thursday. The stock’s fifty day moving average is $434.44 and its two-hundred day moving average is $453.86. The company has a market capitalization of $218.35 billion, a P/E ratio of 33.69, a PEG ratio of 2.89 and a beta of 0.94. Linde plc has a 52 week low of $410.69 and a 52 week high of $487.49. The company has a quick ratio of 0.81, a current ratio of 0.89 and a debt-to-equity ratio of 0.39.

Linde (NASDAQ:LIN) last released its quarterly earnings data on Thursday, February 6th. The basic materials company reported $3.97 earnings per share 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%. Analysts forecast that Linde plc will post 16.55 earnings per share for the current year.

Wall Street Analysts Forecast Growth

A number of research analysts have issued reports on the stock. Deutsche Bank Aktiengesellschaft upped their target price 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. Citigroup cut their target price on shares of Linde from $490.00 to $480.00 and set a “neutral” rating on the stock in a research report on Wednesday, December 18th. TD Cowen upgraded shares of Linde from a “hold” rating to a “buy” rating and increased their price target for the company from $480.00 to $515.00 in a research report on Monday, January 13th. BMO Capital Markets increased their price target on shares of Linde from $477.00 to $507.00 and gave the company an “outperform” rating in a research report on Friday, November 1st. Finally, Erste Group Bank reissued a “hold” rating on shares of Linde in a research note on Tuesday, November 19th. Four equities research analysts have rated the stock with a hold rating and nine have assigned a buy rating to the company. According to MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus price target 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.