Y Intercept Hong Kong Ltd Has $1.83 Million Stock Position in Linde plc (NASDAQ:LIN)

Y Intercept Hong Kong Ltd reduced its stake in shares of Linde plc (NASDAQ:LIN) by 29.1% during the 4th quarter, HoldingsChannel.com reports. The institutional investor owned 4,375 shares of the basic materials company’s stock after selling 1,794 shares during the period. Y Intercept Hong Kong Ltd’s holdings in Linde were worth $1,832,000 as of its most recent SEC filing.

Several other hedge funds have also recently bought and sold shares of the stock. World Equity Group Inc. acquired a new stake in Linde during the 4th quarter worth approximately $281,000. Delta Financial Group Inc. raised its holdings in Linde by 7.1% during the 4th quarter. Delta Financial Group Inc. now owns 1,504 shares of the basic materials company’s stock worth $630,000 after buying an additional 100 shares during the period. MONECO Advisors LLC raised its holdings in Linde by 19.0% during the 4th quarter. MONECO Advisors LLC now owns 1,090 shares of the basic materials company’s stock worth $456,000 after buying an additional 174 shares during the period. Howard Capital Management Inc. raised its holdings in Linde by 3,249.8% during the 4th quarter. Howard Capital Management Inc. now owns 14,471 shares of the basic materials company’s stock worth $6,059,000 after buying an additional 14,039 shares during the period. Finally, Wealthspire Advisors LLC raised its holdings in Linde by 5.4% during the 4th quarter. Wealthspire Advisors LLC now owns 3,209 shares of the basic materials company’s stock worth $1,343,000 after buying an additional 163 shares during the period. 82.80% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

Several equities analysts have recently weighed in on the stock. Citigroup decreased their price target 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 lifted their price objective on shares of Linde from $510.00 to $515.00 and gave the company a “buy” rating in a report on Friday, November 1st. BMO Capital Markets lifted their price objective on shares of Linde from $477.00 to $507.00 and gave the company an “outperform” rating in a report on Friday, November 1st. Mizuho lifted their price objective on shares of Linde from $520.00 to $530.00 and gave the company an “outperform” rating in a report on Friday, November 1st. Finally, Erste Group Bank reiterated a “hold” rating on shares of Linde in a report on Tuesday, November 19th. Four research analysts have rated the stock with a hold rating and nine have issued a buy rating to the company’s stock. Based on data from MarketBeat, the company has an average rating of “Moderate Buy” and an average price target of $501.82.

Insider Buying and Selling 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 shares were sold at an average price of $460.73, for a total value of $2,020,301.05. Following the completion of the sale, the vice president now owns 22,776 shares of the company’s stock, valued at approximately $10,493,586.48. The trade was a 16.14 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, Director Paula Rosput Reynolds bought 100 shares of Linde stock in a transaction dated 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 transaction, the director now owns 233 shares of the company’s stock, valued at $102,832.22. This trade represents a 75.19 % increase in their position. The disclosure for this purchase can be found here. Insiders have sold a total of 16,285 shares of company stock worth $7,423,986 over the last ninety days. Insiders own 0.60% of the company’s stock.

Linde Price Performance

Shares of LIN opened at $467.49 on Wednesday. The company has a market cap of $222.60 billion, a price-to-earnings ratio of 34.35, a PEG ratio of 3.08 and a beta of 0.94. Linde plc has a 1-year low of $410.69 and a 1-year high of $487.49. The company’s fifty day simple moving average is $438.23 and its 200 day simple moving average is $454.70. The company has a current ratio of 0.89, a quick ratio of 0.76 and a debt-to-equity ratio of 0.39.

Linde (NASDAQ:LIN) last released its quarterly earnings data on Thursday, February 6th. The basic materials company reported $3.97 EPS for the quarter, beating the consensus estimate of $3.93 by $0.04. Linde had a net margin of 19.89% and a return on equity of 18.71%. On average, research analysts forecast that Linde plc will post 16.54 earnings per share for the current fiscal year.

Linde Company 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.