Honkamp Krueger Financial Services Inc. Decreases Stock Holdings in Linde PLC (NYSE:LIN)

Honkamp Krueger Financial Services Inc. lowered its stake in shares of Linde PLC (NYSE:LIN) by 5.7% during the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 1,620 shares of the basic materials company’s stock after selling 98 shares during the period. Honkamp Krueger Financial Services Inc.’s holdings in Linde were worth $345,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds also recently added to or reduced their stakes in the company. First Trust Advisors LP boosted its holdings in Linde by 450.4% in the first quarter. First Trust Advisors LP now owns 14,668 shares of the basic materials company’s stock valued at $2,581,000 after purchasing an additional 12,003 shares during the last quarter. Private Advisor Group LLC boosted its holdings in Linde by 18.8% in the second quarter. Private Advisor Group LLC now owns 6,216 shares of the basic materials company’s stock valued at $1,248,000 after purchasing an additional 982 shares during the last quarter. Assetmark Inc. boosted its holdings in Linde by 3,476.0% in the second quarter. Assetmark Inc. now owns 99,913 shares of the basic materials company’s stock valued at $20,063,000 after purchasing an additional 97,119 shares during the last quarter. Balyasny Asset Management LLC boosted its holdings in Linde by 6,821.2% in the second quarter. Balyasny Asset Management LLC now owns 120,290 shares of the basic materials company’s stock valued at $24,154,000 after purchasing an additional 118,552 shares during the last quarter. Finally, Security National Bank of SO Dak boosted its holdings in Linde by 1.8% in the second quarter. Security National Bank of SO Dak now owns 10,371 shares of the basic materials company’s stock valued at $2,082,000 after purchasing an additional 185 shares during the last quarter. 73.29% of the stock is currently owned by hedge funds and other institutional investors.

LIN has been the topic of several recent analyst reports. BMO Capital Markets increased their target price on shares of Linde from $218.00 to $230.00 and gave the stock an “outperform” rating in a research note on Monday, December 2nd. UBS Group increased their target price on shares of Linde from $220.00 to $240.00 and gave the stock a “buy” rating in a research note on Tuesday, December 17th. Pareto Securities raised shares of Linde to a “hold” rating in a research note on Tuesday, December 10th. ValuEngine raised shares of Linde from a “sell” rating to a “hold” rating in a research note on Friday, January 3rd. Finally, Atlantic Securities initiated coverage on shares of Linde in a research note on Wednesday, November 27th. They set an “overweight” rating and a $250.00 target price on the stock. Two research analysts have rated the stock with a sell rating, four have issued a hold rating and twelve have assigned a buy rating to the company’s stock. Linde presently has an average rating of “Buy” and a consensus target price of $215.24.

LIN opened at $211.44 on Thursday. Linde PLC has a twelve month low of $156.21 and a twelve month high of $214.45. The company has a debt-to-equity ratio of 0.21, a quick ratio of 0.75 and a current ratio of 0.90. The company has a 50-day moving average price of $208.34 and a 200 day moving average price of $198.75.

Linde (NYSE:LIN) last released its quarterly earnings results on Tuesday, November 12th. The basic materials company reported $1.94 earnings per share for the quarter, topping the consensus estimate of $1.78 by $0.16. The firm had revenue of $7 billion during the quarter, compared to the consensus estimate of $7.14 billion. Linde had a net margin of 17.59% and a return on equity of 10.68%. As a group, equities analysts forecast that Linde PLC will post 7.3 EPS for the current fiscal year.

The firm also recently disclosed a dividend, which was paid on Tuesday, December 17th. Shareholders of record on Tuesday, December 3rd were issued a $0.875 dividend. The ex-dividend date was Monday, December 2nd.

In other Linde news, EVP Anne K. Roby sold 2,402 shares of the stock in a transaction dated Friday, December 20th. The shares were sold at an average price of $212.17, for a total value of $509,632.34. Following the completion of the sale, the executive vice president now owns 36,433 shares in the company, valued at approximately $7,729,989.61. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, EVP Anne K. Roby sold 1,583 shares of the stock in a transaction dated Monday, November 18th. The shares were sold at an average price of $209.71, for a total transaction of $331,970.93. Following the completion of the sale, the executive vice president now owns 27,218 shares of the company’s stock, valued at approximately $5,707,886.78. The disclosure for this sale can be found here. 0.70% of the stock is currently owned by corporate insiders.

Linde Company Profile

Linde plc operates as an industrial gas company in primarily North and South America, Europe, the Middle East, Africa, the Asia Pacific, and South Korea. The company offers oxygen, nitrogen, argon, rare gases, carbon monoxide, carbon dioxide, helium, hydrogen, electronic gases, specialty gases, and acetylene.

See Also: Why do commodities matter?

Want to see what other hedge funds are holding LIN? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Linde PLC (NYSE:LIN).

Institutional Ownership by Quarter for Linde (NYSE:LIN)

Receive News & Ratings for Linde Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Linde and related companies with MarketBeat.com's FREE daily email newsletter.