Rothschild Investment LLC Decreases Stake in Linde plc (NASDAQ:LIN)

Rothschild Investment LLC lowered its stake in shares of Linde plc (NASDAQ:LIN) by 4.6% during the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 8,724 shares of the basic materials company’s stock after selling 420 shares during the quarter. Rothschild Investment LLC’s holdings in Linde were worth $3,652,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in the stock. AMF Tjanstepension AB increased its stake in Linde by 108.7% in the 3rd quarter. AMF Tjanstepension AB now owns 784,477 shares of the basic materials company’s stock valued at $374,086,000 after buying an additional 408,659 shares during the period. Howard Capital Management Group LLC acquired a new position in Linde in the 3rd quarter valued at $252,000. Assenagon Asset Management S.A. increased its stake in Linde by 147.0% in the 3rd quarter. Assenagon Asset Management S.A. now owns 32,698 shares of the basic materials company’s stock valued at $15,592,000 after buying an additional 19,459 shares during the period. Allworth Financial LP increased its stake in Linde by 125.9% in the 3rd quarter. Allworth Financial LP now owns 7,008 shares of the basic materials company’s stock valued at $3,342,000 after buying an additional 3,906 shares during the period. Finally, Arkadios Wealth Advisors increased its stake in Linde by 5.3% in the 3rd quarter. Arkadios Wealth Advisors now owns 1,298 shares of the basic materials company’s stock valued at $619,000 after buying an additional 65 shares during the period. Institutional investors and hedge funds own 82.80% of the company’s stock.

Insiders Place Their Bets

In other Linde news, VP Juergen Nowicki sold 6,782 shares of the firm’s stock in a transaction 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 sale, the vice president now directly owns 14,765 shares in the company, valued at approximately $6,786,289.30. This trade represents a 31.48 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. Also, VP Guillermo Bichara sold 4,385 shares of the firm’s stock in a transaction 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 sale, the vice president now owns 22,776 shares in the company, valued at $10,493,586.48. The trade was a 16.14 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 16,285 shares of company stock valued at $7,423,986 over the last 90 days. 0.60% of the stock is owned by company insiders.

Linde Stock Down 0.8 %

LIN stock opened at $458.00 on Monday. Linde plc has a twelve month low of $410.69 and a twelve month high of $487.49. The company has a current ratio of 0.89, a quick ratio of 0.76 and a debt-to-equity ratio of 0.39. The company has a market capitalization of $218.08 billion, a P/E ratio of 33.65, a PEG ratio of 3.08 and a beta of 0.94. The firm has a 50 day simple moving average of $436.88 and a 200-day simple moving average of $454.48.

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

Wall Street Analyst Weigh In

Several equities analysts have issued reports on the stock. Mizuho boosted their price objective on shares of Linde from $520.00 to $530.00 and gave the company an “outperform” rating in a research note on Friday, November 1st. Citigroup lowered their price target on shares of Linde from $490.00 to $480.00 and set a “neutral” rating on the stock in a research note on Wednesday, December 18th. Erste Group Bank reaffirmed a “hold” rating on shares of Linde in a research note on Tuesday, November 19th. Deutsche Bank Aktiengesellschaft upped their price target on shares of Linde from $510.00 to $515.00 and gave the stock a “buy” rating in a research note on Friday, November 1st. Finally, TD Cowen raised shares of Linde from a “hold” rating to a “buy” rating and increased their price objective for the company from $480.00 to $515.00 in a research note on Monday, January 13th. Four investment analysts have rated the stock with a hold rating and nine have issued a buy rating to the company. Based on data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average price target 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.