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

Kingswood Wealth Advisors LLC lessened its holdings in shares of Linde plc (NASDAQ:LIN - Free Report) by 66.5% during the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor 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 quarter.

A number of other large investors also recently made changes to their positions in the business. Drive Wealth Management LLC purchased a new position in Linde during the fourth quarter valued at approximately $204,000. Empirical Financial Services LLC d.b.a. Empirical Wealth Management grew its holdings in shares of Linde by 13.1% during the 4th quarter. Empirical Financial Services LLC d.b.a. Empirical Wealth Management now owns 1,502 shares of the basic materials company's stock valued at $629,000 after acquiring an additional 174 shares in the last quarter. Clarendon Private LLC purchased a new position in shares of Linde during the 4th quarter valued at $833,000. Consolidated Investment Group LLC increased its stake in shares of Linde by 48.0% in the fourth quarter. Consolidated Investment Group LLC now owns 7,400 shares of the basic materials company's stock worth $3,099,000 after acquiring an additional 2,400 shares during the last quarter. Finally, Affinity Wealth Management LLC raised its holdings in shares of Linde by 5.4% during the fourth quarter. Affinity Wealth Management LLC now owns 10,913 shares of the basic materials company's stock worth $4,569,000 after acquiring an additional 564 shares in the last quarter. Institutional investors and hedge funds own 82.80% of the company's stock.

Wall Street Analyst Weigh In

Several research analysts have weighed in on the company. Deutsche Bank Aktiengesellschaft upped their target price on Linde from $510.00 to $515.00 and gave the stock a "buy" rating in a research report 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 report on Friday, November 1st. BMO Capital Markets lifted their target price 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. Erste Group Bank restated a "hold" rating on shares of Linde in a research note on Tuesday, November 19th. Finally, TD Cowen raised shares of Linde from a "hold" rating to a "buy" rating and lifted their price objective for the company from $480.00 to $515.00 in a research note on Monday, January 13th. Four investment analysts have rated the stock with a hold rating and nine have issued a buy rating to the stock. Based on data from MarketBeat, the company presently has an average rating of "Moderate Buy" and a consensus target price of $501.82.

Linde Stock Performance

Linde stock traded down $0.26 on Friday, reaching $446.12. 2,816,315 shares of the stock were exchanged, compared to its average volume of 2,370,338. The company has a current ratio of 0.96, a quick ratio of 0.81 and a debt-to-equity ratio of 0.43. Linde plc has a twelve month low of $396.07 and a twelve month high of $487.49. The firm has a fifty day moving average price of $434.72 and a two-hundred day moving average price of $453.17. The stock has a market cap of $212.42 billion, a PE ratio of 33.87, a PEG ratio of 2.72 and a beta of 0.94.

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

Insider Activity

In other news, Director Paula Rosput Reynolds purchased 100 shares of the stock in a transaction that occurred on Thursday, December 12th. The shares were purchased at an average cost of $441.34 per share, for a total transaction of $44,134.00. Following the completion of the purchase, the director now directly owns 233 shares of the company's stock, valued at approximately $102,832.22. The trade was a 75.19 % increase in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, VP Guillermo Bichara sold 4,385 shares of the company's stock in a transaction that occurred on Wednesday, December 4th. The shares were sold at an average price of $460.73, for a total value of $2,020,301.05. Following the completion of the transaction, the vice president now directly owns 22,776 shares of the company's stock, valued at approximately $10,493,586.48. This trade represents a 16.14 % decrease in their position. The disclosure for this sale can be found here. 0.60% of the stock is owned by company insiders.

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.