TKG Advisors LLC Acquires 62 Shares of Linde plc (NASDAQ:LIN)

TKG Advisors LLC lifted its holdings in Linde plc (NASDAQ:LIN) by 2.7% in the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 2,390 shares of the basic materials company’s stock after acquiring an additional 62 shares during the period. TKG Advisors LLC’s holdings in Linde were worth $1,050,000 at the end of the most recent reporting period.

Other institutional investors have also recently made changes to their positions in the company. Synergy Asset Management LLC purchased a new stake in Linde in the 4th quarter worth $25,000. Strategic Financial Concepts LLC bought a new position in Linde during the fourth quarter valued at approximately $28,000. Global Wealth Strategies & Associates boosted its position in shares of Linde by 144.8% during the 4th quarter. Global Wealth Strategies & Associates now owns 71 shares of the basic materials company’s stock valued at $30,000 after acquiring an additional 42 shares during the last quarter. Retirement Wealth Solutions LLC purchased a new stake in Linde during the fourth quarter valued at $34,000. Finally, Kozak & Associates Inc. lifted its position in Linde by 38.6% during the fourth quarter. Kozak & Associates Inc. now owns 97 shares of the basic materials company’s stock valued at $40,000 after purchasing an additional 27 shares during the last quarter. Hedge funds and other institutional investors own 82.80% of the company’s stock.

Analysts Set New Price Targets

Several analysts have recently issued reports on the stock. Erste Group Bank restated a “hold” rating on shares of Linde in a research report on Tuesday, November 19th. BMO Capital Markets raised their price objective on Linde from $477.00 to $507.00 and gave the company an “outperform” rating in a research note on Friday, November 1st. Deutsche Bank Aktiengesellschaft boosted their target price on Linde from $510.00 to $515.00 and gave the company a “buy” rating in a research report on Friday, November 1st. Citigroup lowered their price target on Linde from $490.00 to $480.00 and set a “neutral” rating for the company in a research report on Wednesday, December 18th. Finally, TD Cowen upgraded shares of Linde from a “hold” rating to a “buy” rating and upped their price target for the company from $480.00 to $515.00 in a report on Monday, January 13th. Four research analysts have rated the stock with a hold rating and nine have assigned a buy rating to the company. According to MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average target price of $501.82.

Insider Transactions at Linde

In other news, VP Guillermo Bichara sold 4,385 shares of the firm’s stock in a transaction on Wednesday, December 4th. The stock was sold at an average price of $460.73, for a total transaction of $2,020,301.05. Following the sale, 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 ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, Director Robert L. Wood sold 2,900 shares of the firm’s stock in a transaction dated Monday, February 10th. The stock was sold at an average price of $456.26, for a total value of $1,323,154.00. Following the completion of the transaction, the director now owns 14,013 shares in the company, valued at approximately $6,393,571.38. This trade represents a 17.15 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 9,503 shares of company stock valued at $4,306,843 in the last ninety days. 0.60% of the stock is currently owned by company insiders.

Linde Price Performance

Shares of LIN opened at $465.83 on Wednesday. The company has a current ratio of 0.89, a quick ratio of 0.76 and a debt-to-equity ratio of 0.39. Linde plc has a twelve month low of $410.69 and a twelve month high of $487.49. The firm has a market capitalization of $221.81 billion, a price-to-earnings ratio of 34.23, a PEG ratio of 3.05 and a beta of 0.94. The firm’s fifty day simple moving average is $435.53 and its 200-day simple moving average is $454.12.

Linde (NASDAQ:LIN) last released its quarterly earnings results on Thursday, February 6th. The basic materials company reported $3.97 EPS for the quarter, beating the consensus estimate of $3.93 by $0.04. Linde had a net margin of 19.89% and a return on equity of 18.71%. Equities analysts forecast that Linde plc will post 16.54 EPS for the current fiscal year.

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.