Kirtland Hills Capital Management LLC Purchases 58 Shares of Linde plc (NASDAQ:LIN)

Kirtland Hills Capital Management LLC boosted its position in shares of Linde plc (NASDAQ:LIN) by 2.3% during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 2,598 shares of the basic materials company’s stock after purchasing an additional 58 shares during the period. Kirtland Hills Capital Management LLC’s holdings in Linde were worth $1,088,000 as of its most recent SEC filing.

Several other hedge funds also recently added to or reduced their stakes in the company. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC grew its stake in Linde by 372.8% in the 3rd 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 acquiring an additional 2,592,682 shares in the last quarter. Assenagon Asset Management S.A. grew its stake in Linde by 2,293.0% in the 4th quarter. Assenagon Asset Management S.A. now owns 782,461 shares of the basic materials company’s stock worth $327,593,000 after acquiring an additional 749,763 shares in the last quarter. AMF Tjanstepension AB grew its stake in Linde by 108.7% in the 3rd quarter. AMF Tjanstepension AB now owns 784,477 shares of the basic materials company’s stock worth $374,086,000 after acquiring an additional 408,659 shares in the last quarter. KBC Group NV grew its stake in Linde by 131.6% in the 3rd quarter. KBC Group NV now owns 621,444 shares of the basic materials company’s stock worth $296,342,000 after acquiring an additional 353,136 shares in the last quarter. Finally, ING Groep NV grew its stake in Linde by 78.2% in the 3rd quarter. ING Groep NV now owns 598,757 shares of the basic materials company’s stock worth $285,523,000 after acquiring an additional 262,691 shares in the last quarter. 82.80% of the stock is currently owned by institutional investors.

Linde Stock Up 2.0 %

NASDAQ:LIN opened at $467.49 on Wednesday. The firm has a market capitalization of $222.60 billion, a P/E 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 moving average price is $438.23 and its 200-day moving average price is $454.70. The company has a debt-to-equity ratio of 0.39, a current ratio of 0.89 and a quick ratio of 0.76.

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

Insider Activity at Linde

In other Linde news, VP David P. Strauss sold 2,218 shares of the stock in a transaction that occurred on Monday, December 16th. The stock was sold at an average price of $434.35, for a total transaction of $963,388.30. Following the completion of the transaction, the vice president now owns 25,926 shares of the company’s stock, valued at $11,260,958.10. This represents a 7.88 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, Director Robert L. Wood sold 2,900 shares of Linde stock in a transaction that occurred on Monday, February 10th. The stock was sold at an average price of $456.26, for a total value of $1,323,154.00. Following the completion of the sale, the director now directly owns 14,013 shares in the company, valued at $6,393,571.38. This represents a 17.15 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 16,285 shares of company stock worth $7,423,986. 0.60% of the stock is owned by company insiders.

Analyst Upgrades and Downgrades

Several equities research analysts have recently weighed in on the stock. Deutsche Bank Aktiengesellschaft upped their price target on shares of Linde from $510.00 to $515.00 and gave the stock a “buy” rating in a research report on Friday, November 1st. BMO Capital Markets increased their target price 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. Mizuho increased their target price on shares of Linde from $520.00 to $530.00 and gave the company an “outperform” rating in a research report on Friday, November 1st. Citigroup decreased their target price on shares of Linde from $490.00 to $480.00 and set a “neutral” rating for the company in a research report on Wednesday, December 18th. Finally, Erste Group Bank reissued a “hold” rating on shares of Linde in a research report on Tuesday, November 19th. Four research analysts have rated the stock with a hold rating and nine have given a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average price target 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.