Linde plc (NASDAQ:LIN) Shares Sold by Yousif Capital Management LLC

Yousif Capital Management LLC lowered its holdings in shares of Linde plc (NASDAQ:LIN) by 2.6% in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 83,622 shares of the basic materials company’s stock after selling 2,268 shares during the period. Yousif Capital Management LLC’s holdings in Linde were worth $35,010,000 as of its most recent SEC filing.

Other large investors have also recently bought and sold shares of the company. Synergy Asset Management LLC acquired a new stake in shares of Linde in the 4th quarter worth $25,000. Global Wealth Strategies & Associates lifted its stake in shares of Linde by 144.8% in the 4th quarter. Global Wealth Strategies & Associates now owns 71 shares of the basic materials company’s stock worth $30,000 after acquiring an additional 42 shares during the period. Kozak & Associates Inc. acquired a new stake in shares of Linde in the 3rd quarter worth $34,000. Retirement Wealth Solutions LLC acquired a new stake in shares of Linde in the 4th quarter worth $34,000. Finally, Hanson & Doremus Investment Management lifted its stake in shares of Linde by 34.2% in the 4th quarter. Hanson & Doremus Investment Management now owns 98 shares of the basic materials company’s stock worth $41,000 after acquiring an additional 25 shares during the period. Institutional investors and hedge funds own 82.80% of the company’s stock.

Insider Activity

In other news, VP David P. Strauss sold 2,218 shares of the business’s stock in a transaction that occurred on Monday, December 16th. The shares were sold at an average price of $434.35, for a total value of $963,388.30. Following the completion of the transaction, the vice president now owns 25,926 shares of the company’s stock, valued at $11,260,958.10. The trade was a 7.88 % decrease 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 Guillermo Bichara sold 4,385 shares of the business’s stock in a transaction that occurred on 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 of the company’s stock, valued at approximately $10,493,586.48. This represents a 16.14 % decrease in their position. The disclosure for this sale can be found here. Company insiders own 0.60% of the company’s stock.

Linde Stock Performance

Shares of LIN opened at $454.80 on Wednesday. The company has a current ratio of 0.96, a quick ratio of 0.81 and a debt-to-equity ratio of 0.43. The stock has a market cap of $216.56 billion, a P/E ratio of 34.53, a PEG ratio of 2.77 and a beta of 0.94. The company has a 50-day moving average of $434.51 and a two-hundred day moving average of $453.37. Linde plc has a 12-month low of $396.07 and a 12-month high of $487.49.

Wall Street Analysts Forecast Growth

Several research firms have recently commented on LIN. Mizuho raised their target price on shares of Linde from $520.00 to $530.00 and gave the stock an “outperform” rating in a research note on Friday, November 1st. Erste Group Bank restated a “hold” rating on shares of Linde in a research note on Tuesday, November 19th. 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. Deutsche Bank Aktiengesellschaft raised their price objective on shares of Linde from $510.00 to $515.00 and gave the company a “buy” rating in a research note on Friday, November 1st. Finally, BMO Capital Markets raised their price objective on shares of Linde from $477.00 to $507.00 and gave the company an “outperform” rating in a research note on Friday, November 1st. Four investment analysts have rated the stock with a hold rating and nine have assigned a buy rating to the company’s stock. According to data from MarketBeat.com, the stock presently has a consensus 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.