Dover Advisors LLC Sells 40 Shares of Linde plc (NASDAQ:LIN)

Dover Advisors LLC decreased its stake in Linde plc (NASDAQ:LIN) by 1.7% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 2,366 shares of the basic materials company’s stock after selling 40 shares during the period. Dover Advisors LLC’s holdings in Linde were worth $991,000 at the end of the most recent quarter.

A number of other hedge funds have also recently added to or reduced their stakes in the stock. Geode Capital Management LLC raised its holdings in Linde by 1.4% in the 3rd quarter. Geode Capital Management LLC now owns 10,973,175 shares of the basic materials company’s stock valued at $5,217,197,000 after buying an additional 154,792 shares during the last quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC increased its position in Linde by 372.8% in 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 period. Charles Schwab Investment Management Inc. raised its stake in shares of Linde by 1.7% during the third quarter. Charles Schwab Investment Management Inc. now owns 3,015,882 shares of the basic materials company’s stock valued at $1,438,154,000 after acquiring an additional 50,882 shares during the last quarter. Impax Asset Management Group plc raised its stake in shares of Linde by 2.4% during the third quarter. Impax Asset Management Group plc now owns 2,374,339 shares of the basic materials company’s stock valued at $1,130,986,000 after acquiring an additional 56,775 shares during the last quarter. Finally, Nordea Investment Management AB lifted its holdings in shares of Linde by 2.2% during the fourth quarter. Nordea Investment Management AB now owns 2,145,643 shares of the basic materials company’s stock worth $898,188,000 after purchasing an additional 46,843 shares during the period. Institutional investors and hedge funds own 82.80% of the company’s stock.

Linde Stock Down 0.8 %

Linde stock opened at $458.00 on Monday. The company has a market capitalization of $218.08 billion, a PE ratio of 33.65, a PEG ratio of 3.08 and a beta of 0.94. Linde plc has a 12-month low of $410.69 and a 12-month high of $487.49. The firm’s fifty day moving average is $436.88 and its 200 day moving average is $454.48. The company has a quick ratio of 0.76, a current ratio of 0.89 and a debt-to-equity ratio of 0.39.

Linde (NASDAQ:LIN) last announced its quarterly earnings data on Thursday, February 6th. The basic materials company reported $3.97 earnings per share for the quarter, beating 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%. As a group, sell-side analysts predict that Linde plc will post 16.54 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

A number of analysts recently weighed in on LIN shares. TD Cowen raised Linde from a “hold” rating to a “buy” rating and raised their target price for the stock from $480.00 to $515.00 in a research report on Monday, January 13th. BMO Capital Markets raised their price objective on Linde from $477.00 to $507.00 and gave the stock an “outperform” rating in a research report on Friday, November 1st. Mizuho upped their target price on Linde from $520.00 to $530.00 and gave the company an “outperform” rating in a report on Friday, November 1st. Erste Group Bank reissued a “hold” rating on shares of Linde in a research report on Tuesday, November 19th. Finally, Deutsche Bank Aktiengesellschaft boosted their price target on shares of Linde from $510.00 to $515.00 and gave the stock a “buy” rating in a research report on Friday, November 1st. Four 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 stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $501.82.

Insider Buying and Selling

In other news, VP Guillermo Bichara sold 4,385 shares of Linde stock in a transaction dated Wednesday, December 4th. The shares were sold at an average price of $460.73, for a total transaction of $2,020,301.05. Following the completion of 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 sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, VP Juergen Nowicki sold 6,782 shares of the business’s stock in a transaction dated Thursday, February 20th. The stock was sold at an average price of $459.62, for a total transaction of $3,117,142.84. Following the sale, the vice president now directly owns 14,765 shares of the company’s stock, valued at approximately $6,786,289.30. The trade was a 31.48 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last three months, insiders have sold 16,285 shares of company stock valued at $7,423,986. 0.60% of the stock is owned by company insiders.

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.