Forvis Mazars Wealth Advisors LLC Sells 50 Shares of Linde plc (NASDAQ:LIN)

Forvis Mazars Wealth Advisors LLC decreased its position in Linde plc (NASDAQ:LIN) by 7.3% during the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 636 shares of the basic materials company’s stock after selling 50 shares during the period. Forvis Mazars Wealth Advisors LLC’s holdings in Linde were worth $266,000 at the end of the most recent quarter.

Other hedge funds have also added to or reduced their stakes in the company. Synergy Asset Management LLC bought a new position in Linde during the fourth quarter worth about $25,000. Strategic Financial Concepts LLC bought a new position in Linde during the fourth quarter worth about $28,000. Global Wealth Strategies & Associates boosted its holdings in Linde by 144.8% during the fourth quarter. Global Wealth Strategies & Associates now owns 71 shares of the basic materials company’s stock worth $30,000 after buying an additional 42 shares during the last quarter. Retirement Wealth Solutions LLC bought a new position in Linde during the fourth quarter worth about $34,000. Finally, Kozak & Associates Inc. boosted its holdings in Linde by 38.6% during the fourth quarter. Kozak & Associates Inc. now owns 97 shares of the basic materials company’s stock worth $40,000 after buying an additional 27 shares during the last quarter. Institutional investors own 82.80% of the company’s stock.

Linde Stock Up 0.1 %

Shares of Linde stock opened at $458.53 on Tuesday. The business’s 50 day simple moving average is $437.49 and its 200 day simple moving average is $454.56. Linde plc has a 52-week low of $410.69 and a 52-week high of $487.49. The firm has a market cap of $218.33 billion, a PE ratio of 33.69, a P/E/G ratio of 3.08 and a beta of 0.94. The company has a debt-to-equity ratio of 0.39, a quick ratio of 0.76 and a current ratio of 0.89.

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 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, analysts predict that Linde plc will post 16.54 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

A number of equities analysts have issued reports on the company. BMO Capital Markets raised their target price on Linde from $477.00 to $507.00 and gave the stock an “outperform” rating in a report on Friday, November 1st. Erste Group Bank restated a “hold” rating on shares of Linde in a report on Tuesday, November 19th. Deutsche Bank Aktiengesellschaft raised their target price on Linde from $510.00 to $515.00 and gave the stock a “buy” rating in a report on Friday, November 1st. Citigroup dropped their price target on Linde from $490.00 to $480.00 and set a “neutral” rating on the stock in a research report on Wednesday, December 18th. Finally, Mizuho raised their price target on Linde from $520.00 to $530.00 and gave the stock 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 stock. Based on data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average price target of $501.82.

Insider Activity at Linde

In other Linde news, VP Juergen Nowicki sold 6,782 shares of the firm’s stock in a transaction that occurred on Thursday, February 20th. The stock was sold at an average price of $459.62, for a total value of $3,117,142.84. Following the completion of the transaction, the vice president now directly owns 14,765 shares in the company, valued at $6,786,289.30. This trade represents a 31.48 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, VP Guillermo Bichara sold 4,385 shares of the firm’s stock in a transaction that occurred 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 transaction, the vice president now owns 22,776 shares of the company’s stock, 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. In the last quarter, insiders have sold 16,285 shares of company stock valued at $7,423,986. 0.60% of the stock is owned by insiders.

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.