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

Kintegral Advisory LLC trimmed its holdings in Linde plc (NASDAQ:LIN) by 4.4% in the fourth quarter, HoldingsChannel.com reports. The institutional investor owned 11,104 shares of the basic materials company’s stock after selling 517 shares during the period. Kintegral Advisory LLC’s holdings in Linde were worth $4,649,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. AMF Tjanstepension AB boosted its position in Linde by 108.7% during the third quarter. AMF Tjanstepension AB now owns 784,477 shares of the basic materials company’s stock worth $374,086,000 after purchasing an additional 408,659 shares during the period. Howard Capital Management Group LLC bought a new position in shares of Linde in the third quarter valued at about $252,000. Private Advisor Group LLC lifted its stake in shares of Linde by 0.3% during the 3rd quarter. Private Advisor Group LLC now owns 20,199 shares of the basic materials company’s stock worth $9,632,000 after buying an additional 56 shares during the last quarter. International Assets Investment Management LLC boosted its holdings in shares of Linde by 47,830.2% during the 3rd quarter. International Assets Investment Management LLC now owns 936,076 shares of the basic materials company’s stock worth $446,377,000 after buying an additional 934,123 shares during the period. Finally, Romano Brothers AND Company grew its stake in Linde by 10.9% in the 3rd quarter. Romano Brothers AND Company now owns 1,984 shares of the basic materials company’s stock valued at $946,000 after buying an additional 195 shares during the last quarter. 82.80% of the stock is currently owned by institutional investors.

Insider Buying and Selling

In related news, Director Paula Rosput Reynolds acquired 100 shares of the stock in a transaction that occurred on Thursday, December 12th. The stock was acquired at an average cost of $441.34 per share, for a total transaction of $44,134.00. Following the transaction, the director now directly owns 233 shares in the company, valued at $102,832.22. This trade represents a 75.19 % increase in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, VP David P. Strauss sold 2,218 shares of the firm’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 transaction of $963,388.30. Following the completion of the sale, the vice president now owns 25,926 shares in the company, valued at $11,260,958.10. This represents a 7.88 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 16,285 shares of company stock worth $7,423,986 in the last ninety days. 0.60% of the stock is owned by insiders.

Wall Street Analysts Forecast Growth

Several equities research analysts have issued reports on the stock. TD Cowen upgraded shares of Linde from a “hold” rating to a “buy” rating and raised their price objective for the stock from $480.00 to $515.00 in a research report on Monday, January 13th. Deutsche Bank Aktiengesellschaft boosted their price target on Linde from $510.00 to $515.00 and gave the company a “buy” rating in a research note on Friday, November 1st. Mizuho increased their price objective on Linde from $520.00 to $530.00 and gave the stock an “outperform” rating in a research report on Friday, November 1st. Erste Group Bank reissued a “hold” rating on shares of Linde in a report on Tuesday, November 19th. Finally, BMO Capital Markets upped their price target 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 stock. According to MarketBeat, Linde has a consensus rating of “Moderate Buy” and a consensus price target of $501.82.

Linde Price Performance

Shares of NASDAQ:LIN opened at $458.00 on Friday. The firm has a 50 day moving average of $436.88 and a 200-day moving average of $454.33. Linde plc has a 12 month low of $410.69 and a 12 month high of $487.49. The company has a current ratio of 0.89, a quick ratio of 0.76 and a debt-to-equity ratio of 0.39. The stock has a market capitalization of $218.08 billion, a PE ratio of 33.65, a PEG ratio of 3.08 and a beta of 0.94.

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

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.