Linde plc (NASDAQ:LIN) Shares Sold by Pittenger & Anderson Inc.

Pittenger & Anderson Inc. trimmed its holdings in shares of Linde plc (NASDAQ:LIN) by 0.3% in the fourth quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 23,555 shares of the basic materials company’s stock after selling 67 shares during the period. Pittenger & Anderson Inc.’s holdings in Linde were worth $9,862,000 as of its most recent SEC filing.

A number of other large investors have also recently added to or reduced their stakes in the business. Concord Asset Management LLC VA boosted its holdings in Linde by 0.5% during the fourth quarter. Concord Asset Management LLC VA now owns 4,774 shares of the basic materials company’s stock worth $1,999,000 after buying an additional 23 shares in the last quarter. Salomon & Ludwin LLC boosted its stake in Linde by 14.3% in the 3rd quarter. Salomon & Ludwin LLC now owns 192 shares of the basic materials company’s stock worth $92,000 after purchasing an additional 24 shares during the period. Fourpath Capital Management LLC boosted its stake in Linde by 0.6% in the 4th 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. Greystone Financial Group LLC boosted its stake in Linde by 1.3% in the 3rd 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 during the period. Finally, Romano Brothers AND Company boosted its stake in Linde by 1.3% in the 4th quarter. Romano Brothers AND Company now owns 2,009 shares of the basic materials company’s stock worth $841,000 after purchasing an additional 25 shares during the period. 82.80% of the stock is currently owned by institutional investors.

Insider Buying and Selling

In related news, Director Paula Rosput Reynolds acquired 100 shares of the company’s stock in a transaction dated Thursday, December 12th. The shares were bought at an average price of $441.34 per share, for a total transaction of $44,134.00. Following the acquisition, the director now owns 233 shares in the company, valued at $102,832.22. This trade represents a 75.19 % increase in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through 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 transaction 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. The trade was a 7.88 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 9,503 shares of company stock worth $4,306,843 in the last quarter. 0.60% of the stock is currently owned by company insiders.

Linde Stock Down 0.9 %

Linde stock opened at $457.00 on Monday. The company has a market capitalization of $217.61 billion, a P/E ratio of 33.58, a P/E/G ratio of 2.89 and a beta of 0.94. Linde plc has a 1-year low of $410.69 and a 1-year high of $487.49. The company has a current ratio of 0.89, a quick ratio of 0.81 and a debt-to-equity ratio of 0.39. The firm’s fifty day simple moving average is $434.82 and its 200-day simple moving average is $454.01.

Linde (NASDAQ:LIN) last announced its earnings results on Thursday, February 6th. The basic materials company reported $3.97 EPS for the quarter, topping 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 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

A number of equities analysts recently commented on LIN shares. BMO Capital Markets raised their price objective on shares of Linde from $477.00 to $507.00 and gave the stock an “outperform” rating in a research note on Friday, November 1st. Deutsche Bank Aktiengesellschaft lifted their target price on shares of Linde from $510.00 to $515.00 and gave the company a “buy” 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 company from $480.00 to $515.00 in a research note on Monday, January 13th. Citigroup decreased their target price on shares of Linde from $490.00 to $480.00 and set a “neutral” rating for the company in a research note on Wednesday, December 18th. Finally, Erste Group Bank reissued a “hold” rating on shares of Linde in a research note on Tuesday, November 19th. Four investment analysts have rated the stock with a hold rating and nine have given a buy rating to the company. Based on data from MarketBeat, Linde currently has an average rating of “Moderate Buy” and an average target price of $501.82.

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.