Asset Management One Co. Ltd. Has $82.73 Million Stake in Linde plc (NASDAQ:LIN)

Asset Management One Co. Ltd. lessened its stake in shares of Linde plc (NASDAQ:LIN) by 0.4% during the fourth quarter, according to its most recent filing with the Securities & Exchange Commission. The firm owned 195,592 shares of the basic materials company’s stock after selling 703 shares during the period. Asset Management One Co. Ltd.’s holdings in Linde were worth $82,732,000 at the end of the most recent reporting period.

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

Insider Buying and Selling

In other Linde news, 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 sale, the vice president now owns 22,776 shares of the company’s stock, valued at $10,493,586.48. This trade represents a 16.14 % decrease in their position. The sale was disclosed in a legal 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 shares were sold at an average price of $434.35, for a total value of $963,388.30. Following the transaction, the vice president now owns 25,926 shares in the company, valued at approximately $11,260,958.10. This represents a 7.88 % decrease in their position. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 9,503 shares of company stock worth $4,306,843. Corporate insiders own 0.60% of the company’s stock.

Wall Street Analyst Weigh In

LIN has been the topic of a number of recent research reports. BMO Capital Markets raised their target price on Linde from $477.00 to $507.00 and gave the company an “outperform” rating in a report on Friday, November 1st. Mizuho increased their target price on shares of Linde from $520.00 to $530.00 and gave the company an “outperform” rating in a report on Friday, November 1st. Citigroup reduced their target price on Linde from $490.00 to $480.00 and set a “neutral” rating for the company in a report on Wednesday, December 18th. Erste Group Bank reaffirmed a “hold” rating on shares of Linde in a research report on Tuesday, November 19th. Finally, TD Cowen raised shares of Linde from a “hold” rating to a “buy” rating and increased their target price for the company from $480.00 to $515.00 in a research report on Monday, January 13th. Four equities research analysts have rated the stock with a hold rating and nine have issued a buy rating to the stock. Based on data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $501.82.

Linde Stock Up 0.5 %

LIN stock opened at $461.05 on Friday. The stock has a 50-day simple moving average of $434.42 and a two-hundred day simple moving average of $453.89. 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 $219.53 billion, a PE ratio of 33.88, a PEG ratio of 2.89 and a beta of 0.94. Linde plc has a twelve month low of $410.69 and a twelve month high of $487.49.

Linde (NASDAQ:LIN) last issued its quarterly earnings results on Thursday, February 6th. The basic materials company reported $3.97 earnings per share (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%. On average, equities analysts predict that Linde plc will post 16.55 EPS for the current fiscal year.

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.