Northern Financial Advisors Inc Sells 234 Shares of Linde plc (NASDAQ:LIN)

Northern Financial Advisors Inc trimmed its stake in Linde plc (NASDAQ:LIN) by 18.1% in the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 1,058 shares of the basic materials company’s stock after selling 234 shares during the period. Northern Financial Advisors Inc’s holdings in Linde were worth $443,000 at the end of the most recent reporting period.

A number of other institutional investors also recently bought and sold shares of the stock. Trifecta Capital Advisors LLC increased its position in Linde by 16.9% in the third quarter. Trifecta Capital Advisors LLC now owns 145 shares of the basic materials company’s stock worth $69,000 after buying an additional 21 shares in the last quarter. Concord Asset Management LLC VA raised its stake in Linde by 0.5% during the 4th quarter. Concord Asset Management LLC VA now owns 4,774 shares of the basic materials company’s stock worth $1,999,000 after acquiring an additional 23 shares during the period. Salomon & Ludwin LLC lifted its holdings in Linde by 14.3% during the third quarter. Salomon & Ludwin LLC now owns 192 shares of the basic materials company’s stock valued at $92,000 after purchasing an additional 24 shares in the last quarter. Fourpath Capital Management LLC boosted its position in shares of Linde by 0.6% in the fourth quarter. Fourpath Capital Management LLC now owns 4,138 shares of the basic materials company’s stock worth $1,732,000 after purchasing an additional 24 shares during the period. Finally, Greystone Financial Group LLC increased its stake in shares of Linde by 1.3% in the third quarter. Greystone Financial Group LLC now owns 2,013 shares of the basic materials company’s stock worth $960,000 after purchasing an additional 25 shares in the last quarter. 82.80% of the stock is owned by institutional investors.

Insider Transactions at Linde

In other Linde news, Director Robert L. Wood sold 2,900 shares of the firm’s stock in a transaction dated Monday, February 10th. The shares were sold at an average price of $456.26, for a total value of $1,323,154.00. Following the completion of the sale, the director now owns 14,013 shares of the company’s stock, valued at $6,393,571.38. This trade represents a 17.15 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. 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 transaction, the vice president now owns 25,926 shares of the company’s stock, valued at $11,260,958.10. This trade represents a 7.88 % decrease in their position. The disclosure for this sale can be found here. In the last 90 days, insiders sold 9,503 shares of company stock worth $4,306,843. 0.60% of the stock is currently owned by company insiders.

Linde Price Performance

Linde stock opened at $461.05 on Friday. 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. The firm’s fifty day moving average is $434.42 and its 200 day moving average is $453.89. The company has a market cap of $219.53 billion, a price-to-earnings ratio of 33.88, a PEG ratio of 2.89 and a beta of 0.94.

Linde (NASDAQ:LIN) last announced its earnings results 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 net margin of 19.89% and a return on equity of 18.71%. Sell-side analysts forecast that Linde plc will post 16.55 EPS for the current fiscal year.

Analyst Ratings Changes

LIN has been the subject of several recent analyst reports. Mizuho upped their target price on shares of Linde from $520.00 to $530.00 and gave the stock an “outperform” rating in a report on Friday, November 1st. TD Cowen raised Linde from a “hold” rating to a “buy” rating and upped their price objective for the stock from $480.00 to $515.00 in a research note on Monday, January 13th. Citigroup decreased their target price on Linde from $490.00 to $480.00 and set a “neutral” rating on the stock in a research note on Wednesday, December 18th. Deutsche Bank Aktiengesellschaft upped their price target on Linde from $510.00 to $515.00 and gave the stock a “buy” rating in a research note on Friday, November 1st. Finally, BMO Capital Markets increased their price objective on shares of Linde from $477.00 to $507.00 and gave the company an “outperform” rating in a report on Friday, November 1st. Four 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, the stock has an average rating of “Moderate Buy” and an average price target of $501.82.

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.