Linde plc (NASDAQ:LIN) Shares Sold by Baldwin Wealth Partners LLC MA

Baldwin Wealth Partners LLC MA trimmed its holdings in shares of Linde plc (NASDAQ:LIN) by 17.6% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 556 shares of the basic materials company’s stock after selling 119 shares during the period. Baldwin Wealth Partners LLC MA’s holdings in Linde were worth $233,000 at the end of the most recent quarter.

Other large investors have also made changes to their positions in the company. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC lifted its position in Linde by 372.8% during the third 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 purchasing an additional 2,592,682 shares during the period. International Assets Investment Management LLC lifted its holdings in shares of Linde by 47,830.2% in the 3rd quarter. International Assets Investment Management LLC now owns 936,076 shares of the basic materials company’s stock valued at $446,377,000 after buying an additional 934,123 shares during the period. Assenagon Asset Management S.A. boosted its stake in shares of Linde by 2,293.0% in the fourth quarter. Assenagon Asset Management S.A. now owns 782,461 shares of the basic materials company’s stock worth $327,593,000 after buying an additional 749,763 shares during the last quarter. AMF Tjanstepension AB grew its holdings in Linde by 108.7% during the third quarter. AMF Tjanstepension AB now owns 784,477 shares of the basic materials company’s stock worth $374,086,000 after acquiring an additional 408,659 shares during the period. Finally, KBC Group NV raised its position in Linde by 131.6% during the third quarter. KBC Group NV now owns 621,444 shares of the basic materials company’s stock valued at $296,342,000 after acquiring an additional 353,136 shares in the last quarter. 82.80% of the stock is owned by hedge funds and other institutional investors.

Linde Stock Performance

NASDAQ LIN opened at $439.49 on Tuesday. The company has a debt-to-equity ratio of 0.43, a quick ratio of 0.81 and a current ratio of 0.96. The stock’s fifty day moving average is $435.45 and its two-hundred day moving average is $453.33. The firm has a market capitalization of $209.27 billion, a P/E ratio of 33.37, a price-to-earnings-growth ratio of 2.74 and a beta of 0.94. Linde plc has a fifty-two week low of $396.07 and a fifty-two week high of $487.49.

Linde (NASDAQ:LIN) last announced its quarterly earnings results on Thursday, October 31st. The basic materials company reported $3.94 earnings per share for the quarter, beating the consensus estimate of $3.89 by $0.05. Linde had a net margin of 19.33% and a return on equity of 18.16%. The firm had revenue of $8.36 billion for the quarter, compared to analysts’ expectations of $8.39 billion. During the same quarter in the previous year, the company posted $3.63 EPS. The company’s revenue was up 1.9% compared to the same quarter last year. On average, research analysts anticipate that Linde plc will post 15.45 earnings per share for the current year.

Insider Transactions at Linde

In related news, VP Guillermo Bichara sold 4,385 shares of the firm’s stock in a transaction dated Wednesday, December 4th. The stock was 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 position. The sale was disclosed in a legal filing with the SEC, which is available through this link. Also, VP David P. Strauss sold 2,218 shares of the 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 sale, the vice president now directly owns 25,926 shares in the company, valued at $11,260,958.10. This represents a 7.88 % decrease in their position. The disclosure for this sale can be found here. Company insiders own 0.60% of the company’s stock.

Analyst Upgrades and Downgrades

A number of research analysts have weighed in on LIN shares. BMO Capital Markets upped their price objective on shares of Linde from $477.00 to $507.00 and gave the stock an “outperform” rating in a research report on Friday, November 1st. Mizuho boosted their price target on shares of Linde from $520.00 to $530.00 and gave the stock an “outperform” rating in a report on Friday, November 1st. 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 report on Monday, January 13th. Citigroup cut 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 reaffirmed 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. According to MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus price target 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.