Linde PLC (NASDAQ:LIN) Shares Sold by Premier Fund Managers Ltd

Premier Fund Managers Ltd trimmed its stake in shares of Linde PLC (NASDAQ:LIN) by 1.5% in the first quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 47,755 shares of the basic materials company’s stock after selling 704 shares during the period. Premier Fund Managers Ltd’s holdings in Linde were worth $21,921,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors also recently modified their holdings of the company. Treasurer of the State of North Carolina lifted its position in shares of Linde by 0.6% during the 4th quarter. Treasurer of the State of North Carolina now owns 211,395 shares of the basic materials company’s stock valued at $88,505,000 after acquiring an additional 1,320 shares during the period. Prosperity Consulting Group LLC raised its position in shares of Linde by 4.5% during the 4th quarter. Prosperity Consulting Group LLC now owns 7,788 shares of the basic materials company’s stock worth $3,261,000 after purchasing an additional 332 shares during the last quarter. Jump Financial LLC raised its position in shares of Linde by 300.3% during the 4th quarter. Jump Financial LLC now owns 26,150 shares of the basic materials company’s stock worth $10,948,000 after purchasing an additional 19,618 shares during the last quarter. Groupama Asset Managment raised its position in shares of Linde by 23.0% during the 4th quarter. Groupama Asset Managment now owns 22,235 shares of the basic materials company’s stock worth $9,287,000 after purchasing an additional 4,162 shares during the last quarter. Finally, Taurus Asset Management LLC raised its position in shares of Linde by 0.9% during the 4th quarter. Taurus Asset Management LLC now owns 55,009 shares of the basic materials company’s stock worth $23,031,000 after purchasing an additional 484 shares during the last quarter. 82.80% of the stock is currently owned by institutional investors and hedge funds.

Insider Buying and Selling at Linde

In other news, VP David P. Strauss sold 1,987 shares of the business’s stock in a transaction on Friday, May 16th. The shares were sold at an average price of $457.04, for a total transaction of $908,138.48. Following the completion of the sale, the vice president directly owned 22,639 shares of the company’s stock, valued at $10,346,928.56. The trade was a 8.07% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, VP Sean Durbin sold 7,261 shares of the business’s stock in a transaction on Thursday, May 22nd. The shares were sold at an average price of $456.42, for a total transaction of $3,314,065.62. Following the sale, the vice president directly owned 8,151 shares of the company’s stock, valued at $3,720,279.42. This represents a 47.11% decrease in their ownership of the stock. The disclosure for this sale can be found here. 0.70% of the stock is owned by insiders.

Wall Street Analyst Weigh In

Several research analysts recently issued reports on LIN shares. UBS Group lifted their price objective on Linde from $485.00 to $504.00 and gave the stock a “neutral” rating in a research report on Wednesday, July 9th. Royal Bank Of Canada started coverage on Linde in a research report on Friday, June 13th. They set an “outperform” rating and a $576.00 price objective for the company. Argus upgraded Linde to a “strong-buy” rating in a research report on Tuesday, April 8th. Sanford C. Bernstein upgraded Linde to a “strong-buy” rating in a research report on Thursday, April 3rd. Finally, Citigroup upgraded Linde from a “neutral” rating to a “buy” rating and lifted their price objective for the stock from $500.00 to $535.00 in a research report on Monday, June 30th. Two equities research analysts have rated the stock with a hold rating, nine have issued a buy rating and two have issued a strong buy rating to the company’s stock. Based on data from MarketBeat, Linde has an average rating of “Buy” and an average price target of $518.80.

Linde Trading Down 1.1%

Shares of LIN opened at $467.46 on Tuesday. The stock has a fifty day moving average of $466.67 and a two-hundred day moving average of $456.90. The company has a debt-to-equity ratio of 0.45, a quick ratio of 0.80 and a current ratio of 0.94. The company has a market capitalization of $220.04 billion, a PE ratio of 33.95, a price-to-earnings-growth ratio of 3.34 and a beta of 0.96. Linde PLC has a fifty-two week low of $408.65 and a fifty-two week high of $487.49.

Linde (NASDAQ:LIN) last issued its quarterly earnings results on Thursday, May 1st. The basic materials company reported $3.95 earnings per share for the quarter, beating the consensus estimate of $3.92 by $0.03. Linde had a return on equity of 18.95% and a net margin of 20.02%. The company had revenue of $8.11 billion during the quarter, compared to the consensus estimate of $8.24 billion. During the same period in the previous year, the firm posted $3.75 EPS. Linde’s revenue was up .1% on a year-over-year basis. As a group, analysts forecast that Linde PLC will post 16.54 EPS for the current year.

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.