Pacer Advisors Inc. Has $28.46 Million Stock Position in Linde plc (NASDAQ:LIN)

Pacer Advisors Inc. cut its holdings in Linde plc (NASDAQ:LIN) by 3.5% during the 4th quarter, according to its most recent disclosure with the SEC. The institutional investor owned 67,979 shares of the basic materials company’s stock after selling 2,443 shares during the period. Pacer Advisors Inc.’s holdings in Linde were worth $28,461,000 as of its most recent filing with the SEC.

Other hedge funds have also bought and sold shares of the company. Geode Capital Management LLC grew its holdings in shares of Linde by 1.4% during the 3rd quarter. Geode Capital Management LLC now owns 10,973,175 shares of the basic materials company’s stock worth $5,217,197,000 after purchasing an additional 154,792 shares in the last quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC grew its stake 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 worth $1,567,958,000 after buying an additional 2,592,682 shares in the last quarter. Charles Schwab Investment Management Inc. increased its holdings in Linde by 1.7% in the 3rd quarter. Charles Schwab Investment Management Inc. now owns 3,015,882 shares of the basic materials company’s stock valued at $1,438,154,000 after buying an additional 50,882 shares during the period. Impax Asset Management Group plc raised its position in shares of Linde by 2.4% in the 3rd quarter. Impax Asset Management Group plc now owns 2,374,339 shares of the basic materials company’s stock valued at $1,130,986,000 after buying an additional 56,775 shares in the last quarter. Finally, Nordea Investment Management AB raised its position in shares of Linde by 2.2% in the 4th quarter. Nordea Investment Management AB now owns 2,145,643 shares of the basic materials company’s stock valued at $898,188,000 after buying an additional 46,843 shares in the last quarter. 82.80% of the stock is owned by institutional investors.

Linde Stock Performance

Shares of Linde stock opened at $439.49 on Tuesday. The stock has a market cap of $209.27 billion, a price-to-earnings ratio of 33.37, a P/E/G ratio of 2.74 and a beta of 0.94. 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 plc has a twelve month low of $396.07 and a twelve month high of $487.49. The company’s fifty day moving average is $435.45 and its 200 day moving average is $453.33.

Linde (NASDAQ:LIN) last issued 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. The company 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 business’s quarterly revenue was up 1.9% on a year-over-year basis. During the same quarter in the prior year, the firm posted $3.63 earnings per share. Sell-side analysts forecast that Linde plc will post 15.45 EPS for the current year.

Analysts Set New Price Targets

A number of research analysts recently issued reports on LIN shares. Erste Group Bank reissued a “hold” rating on shares of Linde in a research note on Tuesday, November 19th. Mizuho boosted their price target on Linde from $520.00 to $530.00 and gave the stock an “outperform” rating in a report on Friday, November 1st. Deutsche Bank Aktiengesellschaft upped their price objective on Linde from $510.00 to $515.00 and gave the stock a “buy” rating in a research report on Friday, November 1st. Citigroup decreased their target price on Linde from $490.00 to $480.00 and set a “neutral” rating on the stock in a research report on Wednesday, December 18th. Finally, BMO Capital Markets increased their target price on shares of Linde from $477.00 to $507.00 and gave the stock an “outperform” rating in a report on Friday, November 1st. Four investment analysts have rated the stock with a hold rating and nine have given a buy rating to the stock. According to MarketBeat.com, the company has an average rating of “Moderate Buy” and an average price target of $501.82.

Insider Transactions at Linde

In other news, VP Guillermo Bichara sold 4,385 shares of the business’s stock in a transaction dated Wednesday, December 4th. The stock was sold at an average price of $460.73, for a total value of $2,020,301.05. Following the transaction, the vice president now directly owns 22,776 shares of the company’s stock, valued at $10,493,586.48. The trade was a 16.14 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, Director Paula Rosput Reynolds bought 100 shares of the firm’s stock in a transaction that occurred on Thursday, December 12th. The shares were 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. This trade represents a 75.19 % increase in their ownership of the stock. The disclosure for this purchase can be found here. Corporate insiders own 0.60% of the company’s stock.

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.