Calamos Advisors LLC Sells 240 Shares of Linde plc (NASDAQ:LIN)

Calamos Advisors LLC decreased its position in shares of Linde plc (NASDAQ:LIN) by 0.1% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 232,820 shares of the basic materials company’s stock after selling 240 shares during the period. Calamos Advisors LLC’s holdings in Linde were worth $97,475,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also recently modified their holdings of LIN. Synergy Asset Management LLC purchased a new stake in shares of Linde during the 4th quarter worth $25,000. Global Wealth Strategies & Associates boosted its stake in shares of Linde by 144.8% in 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. Kozak & Associates Inc. acquired a new stake in Linde during the third quarter worth about $34,000. Retirement Wealth Solutions LLC purchased a new stake in Linde in the 4th quarter worth approximately $34,000. Finally, Hanson & Doremus Investment Management grew its position in Linde by 34.2% during the fourth quarter. Hanson & Doremus Investment Management now owns 98 shares of the basic materials company’s stock valued at $41,000 after buying an additional 25 shares during the period. 82.80% of the stock is currently owned by institutional investors.

Insider Buying and Selling

In other news, Director Paula Rosput Reynolds bought 100 shares of the business’s stock in a transaction dated Thursday, December 12th. The shares were purchased at an average price of $441.34 per share, for a total transaction of $44,134.00. Following the completion of the acquisition, the director now owns 233 shares of the company’s stock, valued at approximately $102,832.22. This trade represents a 75.19 % increase in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at this hyperlink. Also, VP Guillermo Bichara sold 4,385 shares of the business’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 transaction, the vice president now directly owns 22,776 shares in the company, valued at $10,493,586.48. This trade represents a 16.14 % decrease in their ownership of the stock. The disclosure for this sale can be found here. 0.60% of the stock is currently owned by company insiders.

Linde Stock Performance

NASDAQ LIN opened at $454.21 on Tuesday. The firm has a market cap of $216.28 billion, a P/E ratio of 34.49, a price-to-earnings-growth ratio of 2.77 and a beta of 0.94. Linde plc has a 12-month low of $396.07 and a 12-month high of $487.49. The company has a quick ratio of 0.81, a current ratio of 0.96 and a debt-to-equity ratio of 0.43. The company’s 50 day moving average is $434.54 and its 200-day moving average is $453.31.

Wall Street Analyst Weigh In

A number of research firms have commented on LIN. TD Cowen upgraded Linde from a “hold” rating to a “buy” rating and upped their price target for the stock from $480.00 to $515.00 in a research note on Monday, January 13th. Mizuho increased their price objective on Linde from $520.00 to $530.00 and gave the stock an “outperform” rating in a report on Friday, November 1st. BMO Capital Markets raised their price objective 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. Deutsche Bank Aktiengesellschaft boosted their price target on shares of Linde from $510.00 to $515.00 and gave the company a “buy” rating in a research report on Friday, November 1st. Finally, Citigroup lowered their target price on Linde from $490.00 to $480.00 and set a “neutral” rating for the company in a report on Wednesday, December 18th. Four analysts have rated the stock with a hold rating and nine have issued a buy rating to the stock. According to data from MarketBeat, Linde has an average rating of “Moderate Buy” and a consensus target price of $501.82.

About Linde

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.