Linde plc (NASDAQ:LIN) Shares Purchased by TFG Advisers LLC

TFG Advisers LLC boosted its position in Linde plc (NASDAQ:LIN) by 2.0% in the 4th quarter, Holdings Channel reports. The firm owned 3,712 shares of the basic materials company’s stock after acquiring an additional 73 shares during the quarter. TFG Advisers LLC’s holdings in Linde were worth $1,554,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC grew its holdings in Linde by 372.8% in the 3rd quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 3,288,088 shares of the basic materials company’s stock valued at $1,567,958,000 after buying an additional 2,592,682 shares in the last quarter. International Assets Investment Management LLC boosted its position in shares of Linde by 47,830.2% during the 3rd quarter. International Assets Investment Management LLC now owns 936,076 shares of the basic materials company’s stock valued at $446,377,000 after acquiring an additional 934,123 shares during the last quarter. Assenagon Asset Management S.A. grew its holdings in shares of Linde by 2,293.0% in the fourth quarter. Assenagon Asset Management S.A. now owns 782,461 shares of the basic materials company’s stock valued at $327,593,000 after purchasing an additional 749,763 shares during the period. AMF Tjanstepension AB increased its position in Linde by 108.7% during the third quarter. AMF Tjanstepension AB now owns 784,477 shares of the basic materials company’s stock worth $374,086,000 after purchasing an additional 408,659 shares during the last quarter. Finally, KBC Group NV increased its position in Linde by 131.6% during the third quarter. KBC Group NV now owns 621,444 shares of the basic materials company’s stock worth $296,342,000 after purchasing an additional 353,136 shares during the last quarter. Hedge funds and other institutional investors own 82.80% of the company’s stock.

Analyst Ratings Changes

LIN has been the subject of several analyst reports. Erste Group Bank reissued a “hold” rating on shares of Linde in a research note on Tuesday, November 19th. Citigroup lowered their price objective on Linde from $490.00 to $480.00 and set a “neutral” rating for the company in a research report on Wednesday, December 18th. Mizuho lifted their target price on Linde from $520.00 to $530.00 and gave the company an “outperform” rating in a research report on Friday, November 1st. 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. Finally, BMO Capital Markets raised their price objective on 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 given a buy rating to the company. Based on data from MarketBeat, Linde has an average rating of “Moderate Buy” and an average target price of $501.82.

Linde Stock Performance

NASDAQ LIN opened at $455.05 on Friday. The company has a market cap of $216.68 billion, a P/E ratio of 33.43, a P/E/G ratio of 2.89 and a beta of 0.94. The company has a debt-to-equity ratio of 0.39, a current ratio of 0.89 and a quick ratio of 0.81. Linde plc has a 1-year low of $410.69 and a 1-year high of $487.49. The stock has a 50-day moving average of $434.48 and a two-hundred day moving average of $453.49.

Linde (NASDAQ:LIN) last announced its quarterly earnings data on Thursday, February 6th. The basic materials company reported $3.97 earnings per share for the quarter, beating 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, analysts anticipate that Linde plc will post 16.55 EPS for the current year.

Insider Transactions at Linde

In other Linde news, Director Paula Rosput Reynolds bought 100 shares of the firm’s stock in a transaction dated Thursday, December 12th. The stock was acquired at an average price of $441.34 per share, for a total transaction of $44,134.00. Following the completion of the purchase, the director now owns 233 shares of the company’s stock, valued at approximately $102,832.22. This represents a 75.19 % increase in their ownership of the stock. The acquisition 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 business’s stock in a transaction dated 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 owns 22,776 shares in the company, valued at $10,493,586.48. This trade represents a 16.14 % decrease in their position. The disclosure for this sale can be found here. Corporate insiders own 0.60% of the company’s stock.

Linde Company Profile

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.