TBH Global Asset Management LLC Acquires 98 Shares of Linde plc (NASDAQ:LIN)

TBH Global Asset Management LLC lifted its holdings in shares of Linde plc (NASDAQ:LIN) by 9.8% during the fourth quarter, HoldingsChannel reports. The firm owned 1,098 shares of the basic materials company’s stock after acquiring an additional 98 shares during the quarter. TBH Global Asset Management LLC’s holdings in Linde were worth $460,000 as of its most recent SEC filing.

Other institutional investors have also modified their holdings of the company. AMF Tjanstepension AB raised its holdings in shares of 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 acquiring an additional 408,659 shares during the period. Howard Capital Management Group LLC acquired a new stake in shares of Linde in the 3rd quarter valued at about $252,000. Raleigh Capital Management Inc. raised its stake in shares of Linde by 8.9% in the 3rd quarter. Raleigh Capital Management Inc. now owns 737 shares of the basic materials company’s stock valued at $351,000 after purchasing an additional 60 shares during the period. Sequoia Financial Advisors LLC lifted its holdings in shares of Linde by 6.8% in the third quarter. Sequoia Financial Advisors LLC now owns 11,572 shares of the basic materials company’s stock valued at $5,518,000 after purchasing an additional 735 shares in the last quarter. Finally, BLB&B Advisors LLC boosted its position in shares of Linde by 1.7% during the third quarter. BLB&B Advisors LLC now owns 17,477 shares of the basic materials company’s stock worth $8,334,000 after buying an additional 297 shares during the period. Institutional investors own 82.80% of the company’s stock.

Insider Activity

In related news, VP David P. Strauss sold 2,218 shares of the stock in a transaction that occurred on Monday, December 16th. The shares were sold at an average price of $434.35, for a total value of $963,388.30. Following the completion of the transaction, the vice president now owns 25,926 shares of the company’s stock, valued at $11,260,958.10. This represents a 7.88 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, VP Guillermo Bichara sold 4,385 shares of the business’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 directly owns 22,776 shares in the company, valued at approximately $10,493,586.48. The trade was a 16.14 % decrease in their position. The disclosure for this sale can be found here. In the last quarter, insiders have sold 9,503 shares of company stock worth $4,306,843. Insiders own 0.60% of the company’s stock.

Analyst Ratings Changes

A number of brokerages recently issued reports on LIN. BMO Capital Markets lifted their target price on Linde from $477.00 to $507.00 and gave the company an “outperform” rating in a research report on Friday, November 1st. Citigroup cut their price objective on shares of Linde from $490.00 to $480.00 and set a “neutral” rating on the stock in a research report on Wednesday, December 18th. Mizuho raised their target price on shares of 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 boosted their price target 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. Finally, TD Cowen upgraded Linde from a “hold” rating to a “buy” rating and raised their price objective 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 issued a buy rating to the company’s stock. According to MarketBeat, the company currently has an average rating of “Moderate Buy” and an average price target of $501.82.

Linde Price Performance

LIN stock opened at $462.07 on Thursday. The company’s 50-day moving average price is $435.96 and its two-hundred day moving average price is $454.18. The firm has a market cap of $220.02 billion, a P/E ratio of 33.95, a P/E/G ratio of 3.05 and a beta of 0.94. The company has a quick ratio of 0.76, a current ratio of 0.89 and a debt-to-equity ratio of 0.39. Linde plc has a 12 month low of $410.69 and a 12 month high of $487.49.

Linde (NASDAQ:LIN) last announced its quarterly earnings data on Thursday, February 6th. The basic materials company reported $3.97 earnings per share (EPS) 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%. On average, analysts anticipate that Linde plc will post 16.54 earnings per share for the current fiscal year.

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.