Bryant Woods Investment Advisors LLC Sells 31 Shares of Linde plc (NASDAQ:LIN)

Bryant Woods Investment Advisors LLC decreased its holdings in Linde plc (NASDAQ:LIN) by 1.1% in the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 2,820 shares of the basic materials company’s stock after selling 31 shares during the period. Linde comprises approximately 0.6% of Bryant Woods Investment Advisors LLC’s investment portfolio, making the stock its 18th biggest holding. Bryant Woods Investment Advisors LLC’s holdings in Linde were worth $1,181,000 as of its most recent SEC filing.

A number of other hedge funds also recently bought and sold shares of LIN. Kathmere Capital Management LLC purchased a new stake in shares of Linde during the 2nd quarter worth $556,000. MidWestOne Financial Group Inc. raised its holdings in Linde by 5.4% in the second quarter. MidWestOne Financial Group Inc. now owns 728 shares of the basic materials company’s stock worth $319,000 after purchasing an additional 37 shares in the last quarter. Ascent Group LLC lifted its position in shares of Linde by 27.9% during the second quarter. Ascent Group LLC now owns 6,354 shares of the basic materials company’s stock valued at $2,788,000 after buying an additional 1,387 shares during the last quarter. Creative Planning lifted its position in shares of Linde by 8.5% during the second quarter. Creative Planning now owns 51,633 shares of the basic materials company’s stock valued at $22,657,000 after buying an additional 4,036 shares during the last quarter. Finally, Copperwynd Financial LLC boosted its holdings in shares of Linde by 5.0% in the 2nd quarter. Copperwynd Financial LLC now owns 564 shares of the basic materials company’s stock valued at $256,000 after buying an additional 27 shares in the last quarter. Hedge funds and other institutional investors own 82.80% of the company’s stock.

Insider Transactions at Linde

In related news, Director Paula Rosput Reynolds bought 100 shares of the business’s stock in a transaction on Thursday, December 12th. The stock was acquired at an average cost of $441.34 per share, with a total value of $44,134.00. Following the purchase, the director now directly owns 233 shares of the company’s stock, valued at $102,832.22. The trade was a 75.19 % increase in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. Also, VP David P. Strauss sold 2,218 shares of the firm’s 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 owns 25,926 shares of the company’s stock, valued at approximately $11,260,958.10. The trade was a 7.88 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Corporate insiders own 0.60% of the company’s stock.

Wall Street Analyst Weigh In

Several research firms recently commented on LIN. Citigroup reduced their price objective 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. TD Cowen raised 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 report on Monday, January 13th. Mizuho raised their price objective on Linde from $520.00 to $530.00 and gave the stock an “outperform” rating in a research report on Friday, November 1st. Erste Group Bank reaffirmed a “hold” rating on shares of Linde in a research report on Tuesday, November 19th. Finally, BMO Capital Markets raised their price target on Linde from $477.00 to $507.00 and gave the stock an “outperform” rating in a report on Friday, November 1st. Four research analysts have rated the stock with a hold rating and nine have assigned a buy rating to the stock. According to MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $501.82.

Linde Trading Down 0.4 %

Linde stock opened at $439.25 on Monday. The stock has a 50-day moving average price of $435.45 and a 200 day moving average price of $453.20. The company has a market capitalization of $209.15 billion, a price-to-earnings ratio of 33.35, a price-to-earnings-growth ratio of 2.74 and a beta of 0.94. Linde plc has a 52 week low of $396.07 and a 52 week 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.

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

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.