Linde plc (NASDAQ:LIN) Shares Sold by J. W. Coons Advisors LLC

J. W. Coons Advisors LLC lessened its holdings in shares of Linde plc (NASDAQ:LIN) by 1.1% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 3,213 shares of the basic materials company’s stock after selling 35 shares during the period. J. W. Coons Advisors LLC’s holdings in Linde were worth $1,345,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. Helios Capital Management PTE. Ltd. grew its holdings in Linde by 85.2% during the fourth quarter. Helios Capital Management PTE. Ltd. now owns 2,500 shares of the basic materials company’s stock worth $1,047,000 after acquiring an additional 1,150 shares during the period. Channel Wealth LLC grew its holdings in Linde by 30.4% in the fourth quarter. Channel Wealth LLC now owns 7,385 shares of the basic materials company’s stock valued at $3,092,000 after purchasing an additional 1,723 shares during the last quarter. M&T Bank Corp grew its holdings in Linde by 6.7% in the third quarter. M&T Bank Corp now owns 79,472 shares of the basic materials company’s stock valued at $37,898,000 after purchasing an additional 5,021 shares during the last quarter. Nordea Investment Management AB grew its holdings in Linde by 2.2% in the fourth quarter. Nordea Investment Management AB now owns 2,145,643 shares of the basic materials company’s stock valued at $898,188,000 after purchasing an additional 46,843 shares during the last quarter. Finally, SYM FINANCIAL Corp acquired a new stake in Linde in the fourth quarter valued at $625,000. Institutional investors and hedge funds own 82.80% of the company’s stock.

Linde Stock Performance

NASDAQ LIN opened at $458.00 on Monday. The business’s 50-day moving average price is $436.88 and its 200 day moving average price is $454.48. Linde plc has a twelve month low of $410.69 and a twelve month high of $487.49. The company has a market capitalization of $218.08 billion, a PE ratio of 33.65, a price-to-earnings-growth ratio of 3.08 and a beta of 0.94. The company has a current ratio of 0.89, a quick ratio of 0.76 and a debt-to-equity ratio of 0.39.

Linde (NASDAQ:LIN) last released its earnings results on Thursday, February 6th. The basic materials company reported $3.97 earnings per share for the quarter, topping the consensus estimate of $3.93 by $0.04. Linde had a return on equity of 18.71% and a net margin of 19.89%. On average, research analysts predict that Linde plc will post 16.54 earnings per share for the current year.

Insiders Place Their Bets

In other news, Director Paula Rosput Reynolds purchased 100 shares of the company’s stock in a transaction on Thursday, December 12th. The stock was bought at an average cost of $441.34 per share, for a total transaction of $44,134.00. Following the completion of the purchase, the director now directly owns 233 shares of the company’s stock, valued at $102,832.22. The trade was a 75.19 % increase in their position. The purchase was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, VP David P. Strauss sold 2,218 shares of the company’s stock in a transaction dated Monday, December 16th. The stock was sold at an average price of $434.35, for a total value of $963,388.30. Following the sale, the vice president now owns 25,926 shares of the company’s stock, valued at $11,260,958.10. This represents a 7.88 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 16,285 shares of company stock worth $7,423,986 over the last three months. 0.60% of the stock is owned by insiders.

Wall Street Analyst Weigh In

Several research firms have weighed in on LIN. BMO Capital Markets upped 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. Citigroup lowered their target price on Linde from $490.00 to $480.00 and set a “neutral” rating on the stock in a report on Wednesday, December 18th. Erste Group Bank reissued a “hold” rating on shares of Linde in a report on Tuesday, November 19th. TD Cowen raised Linde from a “hold” rating to a “buy” rating and upped their target price for the company from $480.00 to $515.00 in a report on Monday, January 13th. Finally, Deutsche Bank Aktiengesellschaft upped their target price on Linde from $510.00 to $515.00 and gave the company a “buy” rating in a report on Friday, November 1st. Four equities research analysts have rated the stock with a hold rating and nine have given a buy rating to the company’s stock. According to data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus target price 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.