Kirtland Hills Capital Management LLC Raises Holdings in Linde plc (NASDAQ:LIN)

Kirtland Hills Capital Management LLC raised its stake in Linde plc (NASDAQ:LIN) by 2.3% in the 4th quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 2,598 shares of the basic materials company’s stock after buying an additional 58 shares during the quarter. Kirtland Hills Capital Management LLC’s holdings in Linde were worth $1,088,000 at the end of the most recent quarter.

Several other large investors also recently added to or reduced their stakes in the stock. Wrapmanager Inc. grew its holdings in Linde by 1.3% in the 4th quarter. Wrapmanager Inc. now owns 1,693 shares of the basic materials company’s stock valued at $709,000 after buying an additional 22 shares in the last quarter. Concord Asset Management LLC VA grew its holdings in Linde by 0.5% in the 4th quarter. Concord Asset Management LLC VA now owns 4,774 shares of the basic materials company’s stock valued at $1,999,000 after buying an additional 23 shares in the last quarter. Salomon & Ludwin LLC grew its holdings in Linde by 14.3% in the 3rd quarter. Salomon & Ludwin LLC now owns 192 shares of the basic materials company’s stock valued at $92,000 after buying an additional 24 shares in the last quarter. Fourpath Capital Management LLC grew its holdings in Linde by 0.6% in the 4th quarter. Fourpath Capital Management LLC now owns 4,138 shares of the basic materials company’s stock valued at $1,732,000 after buying an additional 24 shares in the last quarter. Finally, Romano Brothers AND Company grew its holdings in Linde by 1.3% in the 4th quarter. Romano Brothers AND Company now owns 2,009 shares of the basic materials company’s stock valued at $841,000 after buying an additional 25 shares in the last quarter. 82.80% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

A number of equities analysts have recently weighed in on LIN shares. Deutsche Bank Aktiengesellschaft increased their price target on Linde from $510.00 to $515.00 and gave the stock a “buy” rating in a report on Friday, November 1st. Erste Group Bank reiterated a “hold” rating on shares of Linde in a report on Tuesday, November 19th. Citigroup lowered their price target on Linde from $490.00 to $480.00 and set a “neutral” rating for the company in a report on Wednesday, December 18th. Mizuho increased their price target on Linde from $520.00 to $530.00 and gave the stock an “outperform” rating in a report on Friday, November 1st. Finally, BMO Capital Markets increased their target price on Linde from $477.00 to $507.00 and gave the stock an “outperform” rating in a research note on Friday, November 1st. Four research analysts have rated the stock with a hold rating and nine have issued a buy rating to the stock. Based on data from MarketBeat.com, Linde has a consensus rating of “Moderate Buy” and a consensus target price of $501.82.

Insider Buying and Selling

In other Linde news, VP Juergen Nowicki sold 6,782 shares of Linde stock in a transaction that occurred on Thursday, February 20th. The stock was 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 in the company, valued at approximately $6,786,289.30. This trade represents a 31.48 % decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed 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 shares were sold at an average price of $456.26, for a total value of $1,323,154.00. Following the completion of the transaction, the director now owns 14,013 shares in the company, valued at $6,393,571.38. This trade represents a 17.15 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 16,285 shares of company stock worth $7,423,986 in the last quarter. 0.60% of the stock is owned by insiders.

Linde Price Performance

LIN stock opened at $467.49 on Wednesday. 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 plc has a 1 year low of $410.69 and a 1 year high of $487.49. The firm has a market capitalization of $222.60 billion, a P/E ratio of 34.35, a P/E/G ratio of 3.08 and a beta of 0.94. The business’s 50-day moving average is $438.23 and its two-hundred day moving average is $454.70.

Linde (NASDAQ:LIN) last issued 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%. Analysts anticipate that Linde plc will post 16.54 earnings per share for the current fiscal year.

About Linde

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.