Kintegral Advisory LLC Has $4.65 Million Stock Position in Linde plc (NASDAQ:LIN)

Kintegral Advisory LLC lowered its position in shares of Linde plc (NASDAQ:LIN) by 4.4% in the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 11,104 shares of the basic materials company’s stock after selling 517 shares during the quarter. Kintegral Advisory LLC’s holdings in Linde were worth $4,649,000 at the end of the most recent reporting period.

Several other large investors have also made changes to their positions in the company. Redmond Asset Management LLC acquired a new position in Linde in the fourth quarter valued at approximately $216,000. Prentice Wealth Management LLC raised its position in shares of Linde by 5.9% during the 4th quarter. Prentice Wealth Management LLC now owns 1,447 shares of the basic materials company’s stock valued at $606,000 after acquiring an additional 80 shares during the last quarter. Indie Asset Partners LLC lifted its stake in shares of Linde by 10.3% in the 4th quarter. Indie Asset Partners LLC now owns 598 shares of the basic materials company’s stock valued at $250,000 after purchasing an additional 56 shares during the period. Greystone Financial Group LLC boosted its position in shares of Linde by 804.2% in the 4th quarter. Greystone Financial Group LLC now owns 18,202 shares of the basic materials company’s stock worth $7,621,000 after purchasing an additional 16,189 shares during the last quarter. Finally, Bradley Foster & Sargent Inc. CT grew its stake in shares of Linde by 30.5% during the fourth quarter. Bradley Foster & Sargent Inc. CT now owns 33,880 shares of the basic materials company’s stock worth $14,185,000 after purchasing an additional 7,928 shares during the period. Institutional investors and hedge funds own 82.80% of the company’s stock.

Linde Stock Performance

LIN opened at $458.00 on Friday. The company has a debt-to-equity ratio of 0.39, a current ratio of 0.89 and a quick ratio of 0.76. The company has a market capitalization of $218.08 billion, a price-to-earnings ratio of 33.65, a P/E/G ratio of 3.08 and a beta of 0.94. The business’s 50-day moving average price is $436.88 and its two-hundred day moving average price is $454.33. Linde plc has a 1 year low of $410.69 and a 1 year high of $487.49.

Linde (NASDAQ:LIN) last announced its earnings results on Thursday, February 6th. The basic materials company reported $3.97 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $3.93 by $0.04. Linde had a return on equity of 18.71% and a net margin of 19.89%. Equities analysts expect that Linde plc will post 16.54 EPS for the current fiscal year.

Insider Transactions at Linde

In related news, Director Paula Rosput Reynolds bought 100 shares of the stock in a transaction that occurred on Thursday, December 12th. The shares were acquired at an average price of $441.34 per share, with a total value of $44,134.00. Following the completion of the transaction, the director now owns 233 shares in the company, 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 can be accessed through the SEC website. Also, VP Juergen Nowicki sold 6,782 shares of the stock in a transaction that occurred on Thursday, February 20th. The shares were sold at an average price of $459.62, for a total value of $3,117,142.84. Following the transaction, the vice president now directly owns 14,765 shares of the company’s stock, valued at $6,786,289.30. This trade represents a 31.48 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 16,285 shares of company stock valued at $7,423,986 over the last 90 days. 0.60% of the stock is owned by corporate insiders.

Wall Street Analysts Forecast Growth

Several equities analysts have weighed in on LIN shares. Mizuho increased their target price on Linde from $520.00 to $530.00 and gave the company an “outperform” rating in a research note on Friday, November 1st. Erste Group Bank reissued a “hold” rating on shares of Linde in a research note on Tuesday, November 19th. Citigroup lowered their target price 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 shares of Linde from a “hold” rating to a “buy” rating and lifted their price target for the stock from $480.00 to $515.00 in a research report on Monday, January 13th. Finally, BMO Capital Markets upped their price objective on shares of Linde from $477.00 to $507.00 and gave the company an “outperform” rating in a research report on Friday, November 1st. Four research analysts have rated the stock with a hold rating and nine have given a buy rating to the company’s stock. According to data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average target price of $501.82.

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.