Kingswood Wealth Advisors LLC Sells 2,356 Shares of Linde plc (NASDAQ:LIN)

Kingswood Wealth Advisors LLC lessened its stake in shares of Linde plc (NASDAQ:LIN) by 66.5% in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 1,188 shares of the basic materials company’s stock after selling 2,356 shares during the quarter. Kingswood Wealth Advisors LLC’s holdings in Linde were worth $497,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also modified their holdings of the stock. EP Wealth Advisors LLC raised its position in Linde by 5.3% in the 2nd quarter. EP Wealth Advisors LLC now owns 2,463 shares of the basic materials company’s stock valued at $1,081,000 after purchasing an additional 124 shares during the last quarter. Cetera Investment Advisers raised its position in Linde by 4.6% in the 2nd quarter. Cetera Investment Advisers now owns 51,244 shares of the basic materials company’s stock valued at $22,487,000 after purchasing an additional 2,231 shares during the last quarter. Creekside Partners bought a new position in Linde in the 2nd quarter valued at $369,000. Sanctuary Advisors LLC bought a new position in Linde in the 2nd quarter valued at $18,573,000. Finally, Heritage Wealth Management Inc. bought a new position in Linde in the 2nd quarter valued at $471,000. Institutional investors own 82.80% of the company’s stock.

Insider Buying and Selling

In other Linde news, Director Paula Rosput Reynolds bought 100 shares of the firm’s stock in a transaction on Thursday, December 12th. The stock was purchased at an average cost of $441.34 per share, with a total value of $44,134.00. Following the completion of the purchase, the director now owns 233 shares in the company, valued at approximately $102,832.22. The trade was a 75.19 % increase in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at the SEC website. Also, VP David P. Strauss sold 2,218 shares of the business’s stock in a transaction dated Monday, December 16th. The shares were sold at an average price of $434.35, for a total value of $963,388.30. Following the completion of the transaction, the vice president now directly owns 25,926 shares of the company’s stock, valued at approximately $11,260,958.10. The trade was a 7.88 % decrease in their ownership of the stock. The disclosure for this sale can be found here. 0.60% of the stock is owned by insiders.

Linde Stock Up 1.8 %

Shares of Linde stock opened at $446.38 on Friday. The company has a quick ratio of 0.81, a current ratio of 0.96 and a debt-to-equity ratio of 0.43. Linde plc has a 12 month low of $396.07 and a 12 month high of $487.49. The business has a fifty day simple moving average of $434.86 and a 200 day simple moving average of $453.22. The stock has a market cap of $212.55 billion, a PE ratio of 33.89, a price-to-earnings-growth ratio of 2.74 and a beta of 0.94.

Linde (NASDAQ:LIN) last announced its quarterly earnings data on Thursday, October 31st. The basic materials company reported $3.94 EPS for the quarter, topping analysts’ consensus estimates of $3.89 by $0.05. Linde had a return on equity of 18.16% and a net margin of 19.33%. The business had revenue of $8.36 billion during the quarter, compared to analysts’ expectations of $8.39 billion. During the same period in the previous year, the firm earned $3.63 earnings per share. The firm’s quarterly revenue was up 1.9% compared to the same quarter last year. Research analysts predict that Linde plc will post 15.45 EPS for the current year.

Wall Street Analysts Forecast Growth

LIN has been the subject of several research analyst reports. BMO Capital Markets lifted their price objective on Linde from $477.00 to $507.00 and gave the company an “outperform” rating in a research report on Friday, November 1st. Deutsche Bank Aktiengesellschaft lifted their price objective on Linde from $510.00 to $515.00 and gave the company a “buy” rating in a research report on Friday, November 1st. Citigroup dropped their target price on Linde from $490.00 to $480.00 and set a “neutral” rating for the company in a research report on Wednesday, December 18th. TD Cowen upgraded Linde from a “hold” rating to a “buy” rating and boosted their target price for the stock from $480.00 to $515.00 in a research report on Monday, January 13th. Finally, Mizuho boosted their target price on Linde from $520.00 to $530.00 and gave the stock an “outperform” rating in a research report on Friday, November 1st. Four equities research analysts have rated the stock with a hold rating and nine have issued a buy rating to the stock. According to data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $501.82.

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.