Linde plc (NASDAQ:LIN) Stock Position Lowered by Fiera Capital Corp

Fiera Capital Corp lowered its position in shares of Linde plc (NASDAQ:LIN) by 5.8% in the 4th quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 446,865 shares of the basic materials company’s stock after selling 27,310 shares during the quarter. Fiera Capital Corp owned 0.09% of Linde worth $187,089,000 at the end of the most recent quarter.

A number of other hedge funds have also recently bought and sold shares of the company. Synergy Asset Management LLC acquired a new position in Linde in the fourth quarter worth approximately $25,000. Kozak & Associates Inc. bought a new stake in shares of Linde during the 3rd quarter worth $34,000. Global Wealth Strategies & Associates grew its holdings in shares of Linde by 144.8% in the 4th quarter. Global Wealth Strategies & Associates now owns 71 shares of the basic materials company’s stock worth $30,000 after acquiring an additional 42 shares during the last quarter. Retirement Wealth Solutions LLC acquired a new stake in shares of Linde during the fourth quarter worth $34,000. Finally, Capital Performance Advisors LLP purchased a new stake in shares of Linde during the third quarter valued at $43,000. 82.80% of the stock is owned by institutional investors and hedge funds.

Linde Trading Down 0.5 %

Linde stock opened at $458.56 on Thursday. Linde plc has a 12 month low of $410.69 and a 12 month 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. The stock has a market cap of $218.35 billion, a P/E ratio of 33.69, a P/E/G ratio of 2.89 and a beta of 0.94. The company’s fifty day simple moving average is $434.44 and its 200-day simple moving average is $453.86.

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, sell-side analysts forecast that Linde plc will post 16.55 EPS for the current fiscal year.

Insider Activity at Linde

In other Linde news, VP Guillermo Bichara sold 4,385 shares of the firm’s stock in a transaction dated 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 transaction, the vice president now directly owns 22,776 shares in the company, valued at $10,493,586.48. This trade represents a 16.14 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Also, VP David P. Strauss sold 2,218 shares of the business’s stock in a transaction dated Monday, December 16th. The stock was 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 directly owns 25,926 shares of the company’s stock, valued at $11,260,958.10. This represents a 7.88 % decrease in their position. The disclosure for this sale can be found here. In the last quarter, insiders sold 9,503 shares of company stock valued at $4,306,843. 0.60% of the stock is owned by corporate insiders.

Wall Street Analyst Weigh In

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

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.