Linde plc (NASDAQ:LIN) is Threadgill Financial LLC’s 8th Largest Position

Threadgill Financial LLC grew its position in shares of Linde plc (NASDAQ:LIN) by 114.9% during the fourth quarter, HoldingsChannel reports. The institutional investor owned 14,771 shares of the basic materials company’s stock after purchasing an additional 7,898 shares during the period. Linde comprises 3.3% of Threadgill Financial LLC’s investment portfolio, making the stock its 8th largest position. Threadgill Financial LLC’s holdings in Linde were worth $6,184,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds also recently made changes to their positions in the company. Czech National Bank increased its holdings in Linde by 5.4% in the 4th quarter. Czech National Bank now owns 103,241 shares of the basic materials company’s stock worth $43,224,000 after buying an additional 5,314 shares in the last quarter. RMR Wealth Builders grew its stake in shares of Linde by 8.2% in the fourth quarter. RMR Wealth Builders now owns 3,807 shares of the basic materials company’s stock worth $1,594,000 after acquiring an additional 287 shares during the period. Sugarloaf Wealth Management LLC grew its stake in shares of Linde by 9.8% in the fourth quarter. Sugarloaf Wealth Management LLC now owns 528 shares of the basic materials company’s stock worth $221,000 after acquiring an additional 47 shares during the period. Hilltop National Bank raised its holdings in shares of Linde by 3.1% during the fourth quarter. Hilltop National Bank now owns 984 shares of the basic materials company’s stock valued at $412,000 after purchasing an additional 30 shares during the last quarter. Finally, Fortitude Family Office LLC lifted its position in Linde by 23.9% during the fourth quarter. Fortitude Family Office LLC now owns 140 shares of the basic materials company’s stock valued at $59,000 after purchasing an additional 27 shares during the period. Institutional investors own 82.80% of the company’s stock.

Linde Trading Down 1.4 %

LIN stock opened at $414.15 on Monday. Linde plc has a twelve month low of $396.07 and a twelve month high of $487.49. The stock has a market capitalization of $197.20 billion, a price-to-earnings ratio of 31.45, a price-to-earnings-growth ratio of 2.79 and a beta of 0.94. The company has a quick ratio of 0.81, a current ratio of 0.96 and a debt-to-equity ratio of 0.43. The firm’s fifty day simple moving average is $439.96 and its two-hundred day simple moving average is $453.30.

Linde (NASDAQ:LIN) last issued its quarterly earnings results on Thursday, October 31st. The basic materials company reported $3.94 EPS for the quarter, beating the consensus estimate of $3.89 by $0.05. Linde had a net margin of 19.33% and a return on equity of 18.16%. The company had revenue of $8.36 billion for the quarter, compared to the consensus estimate of $8.39 billion. During the same period in the prior year, the firm posted $3.63 EPS. The firm’s revenue was up 1.9% compared to the same quarter last year. As a group, analysts anticipate that Linde plc will post 15.48 earnings per share for the current year.

Linde Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Tuesday, December 17th. Stockholders of record on Tuesday, December 3rd were issued a $1.39 dividend. The ex-dividend date was Tuesday, December 3rd. This represents a $5.56 annualized dividend and a dividend yield of 1.34%. Linde’s payout ratio is 42.22%.

Analyst Ratings Changes

A number of research firms have weighed in on LIN. BMO Capital Markets increased their target price on Linde from $477.00 to $507.00 and gave the company an “outperform” rating in a report on Friday, November 1st. Mizuho increased their target price on shares of Linde from $520.00 to $530.00 and gave the stock an “outperform” rating in a report on Friday, November 1st. Erste Group Bank reiterated a “hold” rating on shares of Linde in a research report on Tuesday, November 19th. Citigroup lowered their price objective on Linde from $490.00 to $480.00 and set a “neutral” rating on the stock in a research report on Wednesday, December 18th. Finally, Deutsche Bank Aktiengesellschaft boosted their target price on shares of Linde from $510.00 to $515.00 and gave the stock a “buy” rating in a report on Friday, November 1st. Six analysts have rated the stock with a hold rating and eight have given a buy rating to the stock. Based on data from MarketBeat, Linde presently has an average rating of “Moderate Buy” and an average target price of $490.75.

Insider Buying and Selling

In related news, VP David P. Strauss sold 2,218 shares of the business’s stock in a transaction that occurred on Monday, December 16th. The stock was sold at an average price of $434.35, for a total value of $963,388.30. Following the completion of the sale, the vice president now owns 25,926 shares in the company, valued at approximately $11,260,958.10. The trade was a 7.88 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director Paula Rosput Reynolds acquired 100 shares of the company’s stock in a transaction that occurred on Thursday, December 12th. The stock was purchased at an average cost of $441.34 per share, for a total transaction of $44,134.00. Following the purchase, the director now owns 233 shares of the company’s stock, valued at $102,832.22. This represents a 75.19 % increase in their ownership of the stock. The disclosure for this purchase can be found here. 0.60% of the stock is owned by corporate insiders.

Linde 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.