Sentry Investment Management LLC Has $830,000 Holdings in Linde plc (NASDAQ:LIN)

Sentry Investment Management LLC grew its holdings in shares of Linde plc (NASDAQ:LIN) by 47.9% in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 1,982 shares of the basic materials company’s stock after acquiring an additional 642 shares during the quarter. Sentry Investment Management LLC’s holdings in Linde were worth $830,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also recently made changes to their positions in LIN. Helios Capital Management PTE. Ltd. boosted its holdings in shares of Linde by 85.2% during the 4th quarter. Helios Capital Management PTE. Ltd. now owns 2,500 shares of the basic materials company’s stock valued at $1,047,000 after acquiring an additional 1,150 shares in the last quarter. Channel Wealth LLC raised its position in Linde by 30.4% in the fourth quarter. Channel Wealth LLC now owns 7,385 shares of the basic materials company’s stock valued at $3,092,000 after purchasing an additional 1,723 shares during the last quarter. M&T Bank Corp boosted its stake in shares of Linde by 6.7% during the third quarter. M&T Bank Corp now owns 79,472 shares of the basic materials company’s stock valued at $37,898,000 after purchasing an additional 5,021 shares in the last quarter. Nordea Investment Management AB grew its holdings in shares of Linde by 2.2% during the fourth quarter. Nordea Investment Management AB now owns 2,145,643 shares of the basic materials company’s stock worth $898,188,000 after purchasing an additional 46,843 shares during the last quarter. Finally, SYM FINANCIAL Corp acquired a new position in shares of Linde in the fourth quarter valued at approximately $625,000. Institutional investors own 82.80% of the company’s stock.

Linde Stock Up 0.1 %

Linde stock opened at $458.53 on Tuesday. The company has a quick ratio of 0.76, a current ratio of 0.89 and a debt-to-equity ratio of 0.39. The company has a market capitalization of $218.33 billion, a PE ratio of 33.69, a PEG ratio of 3.08 and a beta of 0.94. The firm’s fifty day moving average is $437.49 and its 200 day moving average is $454.56. Linde plc has a 12-month low of $410.69 and a 12-month high of $487.49.

Linde (NASDAQ:LIN) last released its quarterly earnings data on Thursday, February 6th. The basic materials company reported $3.97 earnings per share (EPS) 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, sell-side analysts predict that Linde plc will post 16.54 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

Several equities research analysts recently commented on the stock. Deutsche Bank Aktiengesellschaft lifted their target price 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. Mizuho boosted their price objective on shares of Linde from $520.00 to $530.00 and gave the stock an “outperform” rating in a research note on Friday, November 1st. Erste Group Bank reaffirmed a “hold” rating on shares of Linde in a research note on Tuesday, November 19th. 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, BMO Capital Markets boosted their price target on shares of Linde from $477.00 to $507.00 and gave the stock an “outperform” rating in a research report on Friday, November 1st. Four analysts have rated the stock with a hold rating and nine have assigned a buy rating to the company. According to data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $501.82.

Insiders Place Their Bets

In other Linde news, VP Guillermo Bichara sold 4,385 shares of the company’s stock in a transaction on Wednesday, December 4th. The shares were sold at an average price of $460.73, for a total transaction of $2,020,301.05. Following the transaction, the vice president now owns 22,776 shares in the company, valued at approximately $10,493,586.48. This represents a 16.14 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, Director Paula Rosput Reynolds acquired 100 shares of Linde stock in a transaction dated Thursday, December 12th. The shares were acquired at an average price of $441.34 per share, with a total value of $44,134.00. Following the completion of the acquisition, 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 ownership of the stock. The disclosure for this purchase can be found here. Over the last quarter, insiders have sold 16,285 shares of company stock worth $7,423,986. Corporate insiders own 0.60% of the company’s stock.

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.