Trade Alert: The Independent Director Of Linde plc (NYSE:LIN), Franz Fehrenbach, Has Just Spent US$114k Buying 9.0% More Shares

By
Simply Wall St
Published
February 24, 2022
NYSE:LIN
Source: Shutterstock

Potential Linde plc (NYSE:LIN) shareholders may wish to note that the Independent Director, Franz Fehrenbach, recently bought US$114k worth of stock, paying US$303 for each share. Although the purchase only increased their holding by 9.0%, it is still a solid purchase in our view.

View our latest analysis for Linde

Linde Insider Transactions Over The Last Year

Notably, that recent purchase by Independent Director Franz Fehrenbach was not the only time they bought Linde shares this year. They previously made an even bigger purchase of US$121k worth of shares at a price of US$246 per share. Although we like to see insider buying, we note that this large purchase was at significantly below the recent price of US$291. Because the shares were purchased at a lower price, this particular buy doesn't tell us much about how insiders feel about the current share price.

Franz Fehrenbach bought a total of 868.00 shares over the year at an average price of US$271. You can see a visual depiction of insider transactions (by companies and individuals) over the last 12 months, below. By clicking on the graph below, you can see the precise details of each insider transaction!

insider-trading-volume
NYSE:LIN Insider Trading Volume February 24th 2022

There are plenty of other companies that have insiders buying up shares. You probably do not want to miss this free list of growing companies that insiders are buying.

Does Linde Boast High Insider Ownership?

I like to look at how many shares insiders own in a company, to help inform my view of how aligned they are with insiders. I reckon it's a good sign if insiders own a significant number of shares in the company. It's great to see that Linde insiders own 0.2% of the company, worth about US$225m. This kind of significant ownership by insiders does generally increase the chance that the company is run in the interest of all shareholders.

What Might The Insider Transactions At Linde Tell Us?

It is good to see the recent insider purchase. And an analysis of the transactions over the last year also gives us confidence. Along with the high insider ownership, this analysis suggests that insiders are quite bullish about Linde. One for the watchlist, at least! So while it's helpful to know what insiders are doing in terms of buying or selling, it's also helpful to know the risks that a particular company is facing. You'd be interested to know, that we found 1 warning sign for Linde and we suggest you have a look.

Of course Linde may not be the best stock to buy. So you may wish to see this free collection of high quality companies.

For the purposes of this article, insiders are those individuals who report their transactions to the relevant regulatory body. We currently account for open market transactions and private dispositions, but not derivative transactions.

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