Linde plc (NASDAQ:LIN) Shares Sold by Valeo Financial Advisors LLC

Valeo Financial Advisors LLC decreased its position in shares of Linde plc (NASDAQ:LIN) by 9.0% during the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 4,267 shares of the basic materials company’s stock after selling 420 shares during the quarter. Valeo Financial Advisors LLC’s holdings in Linde were worth $1,787,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors and hedge funds have also recently modified their holdings of LIN. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC boosted its position in shares of 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 acquiring an additional 2,592,682 shares during the last quarter. International Assets Investment Management LLC boosted its position in shares of Linde by 47,830.2% during the 3rd quarter. International Assets Investment Management LLC now owns 936,076 shares of the basic materials company’s stock valued at $446,377,000 after acquiring an additional 934,123 shares during the last quarter. Assenagon Asset Management S.A. boosted its position in shares of 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 valued at $327,593,000 after acquiring an additional 749,763 shares during the last quarter. AMF Tjanstepension AB boosted its position in shares of Linde by 108.7% during the 3rd quarter. AMF Tjanstepension AB now owns 784,477 shares of the basic materials company’s stock valued at $374,086,000 after acquiring an additional 408,659 shares during the last quarter. Finally, KBC Group NV boosted its position in shares of Linde by 131.6% during the 3rd quarter. KBC Group NV now owns 621,444 shares of the basic materials company’s stock valued at $296,342,000 after acquiring an additional 353,136 shares during the last quarter. Institutional investors and hedge funds own 82.80% of the company’s stock.

Linde Stock Down 0.9 %

Shares of NASDAQ:LIN opened at $457.00 on Friday. The company has a debt-to-equity ratio of 0.39, a current ratio of 0.89 and a quick ratio of 0.81. The firm has a market capitalization of $217.61 billion, a PE ratio of 33.58, a price-to-earnings-growth ratio of 2.89 and a beta of 0.94. The firm’s 50-day moving average is $434.82 and its two-hundred day moving average is $453.99. Linde plc has a 1 year low of $410.69 and a 1 year 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, topping analysts’ consensus estimates of $3.93 by $0.04. Linde had a net margin of 19.89% and a return on equity of 18.71%. Analysts predict that Linde plc will post 16.55 EPS for the current year.

Analyst Ratings Changes

LIN has been the topic of several recent research reports. TD Cowen raised shares of Linde from a “hold” rating to a “buy” rating and boosted their price target for the company from $480.00 to $515.00 in a research report on Monday, January 13th. Citigroup decreased 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. Erste Group Bank reaffirmed a “hold” rating on shares of Linde in a research report on Tuesday, November 19th. BMO Capital Markets upped their target price 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, Mizuho upped their target price on shares of Linde from $520.00 to $530.00 and gave the company an “outperform” rating in a research report on Friday, November 1st. Four investment analysts have rated the stock with a hold rating and nine have assigned a buy rating to the company’s stock. According to MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average target price of $501.82.

Insider Buying and Selling

In related news, Director Robert L. Wood sold 2,900 shares of the company’s stock in a transaction that occurred on Monday, February 10th. The shares were sold at an average price of $456.26, for a total transaction of $1,323,154.00. Following the sale, the director now directly owns 14,013 shares in the company, valued at approximately $6,393,571.38. This represents a 17.15 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, VP Guillermo Bichara sold 4,385 shares of the company’s stock in a transaction that occurred on 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 sale, the vice president now owns 22,776 shares in the company, valued at $10,493,586.48. The trade was a 16.14 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 9,503 shares of company stock worth $4,306,843. Company insiders own 0.60% of the company’s stock.

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.