4,986 Shares in Linde plc (NASDAQ:LIN) Bought by TigerOak Management L.L.C.

TigerOak Management L.L.C. acquired a new position in shares of Linde plc (NASDAQ:LIN) in the fourth quarter, HoldingsChannel.com reports. The fund acquired 4,986 shares of the basic materials company’s stock, valued at approximately $2,087,000. Linde makes up about 0.8% of TigerOak Management L.L.C.’s holdings, making the stock its 24th largest position.

A number of other large investors also recently bought and sold shares of LIN. Synergy Asset Management LLC purchased a new position in Linde in the fourth quarter valued at approximately $25,000. Strategic Financial Concepts LLC acquired a new stake in Linde in the fourth quarter valued at $28,000. Global Wealth Strategies & Associates increased its stake in Linde by 144.8% during the fourth quarter. Global Wealth Strategies & Associates now owns 71 shares of the basic materials company’s stock valued at $30,000 after purchasing an additional 42 shares during the last quarter. Retirement Wealth Solutions LLC bought a new stake in Linde during the fourth quarter valued at $34,000. Finally, Kozak & Associates Inc. increased its stake 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.

Analyst Upgrades and Downgrades

Several equities analysts have recently commented on the stock. TD Cowen upgraded shares of Linde from a “hold” rating to a “buy” rating and upped their price target for the stock from $480.00 to $515.00 in a research report on Monday, January 13th. 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. Erste Group Bank reissued a “hold” rating on shares of Linde in a report on Tuesday, November 19th. Deutsche Bank Aktiengesellschaft upped their price target on shares of Linde from $510.00 to $515.00 and gave the company a “buy” rating in a report on Friday, November 1st. Finally, Mizuho upped their price objective on shares of Linde from $520.00 to $530.00 and gave the company an “outperform” rating in a research note on Friday, November 1st. Four analysts have rated the stock with a hold rating and nine have assigned a buy rating to the company’s stock. Based on data from MarketBeat, Linde presently has a consensus rating of “Moderate Buy” and a consensus target price of $501.82.

Insider Buying and Selling at Linde

In other news, VP Guillermo Bichara sold 4,385 shares of the stock in a transaction that occurred on Wednesday, December 4th. The stock was sold at an average price of $460.73, for a total value of $2,020,301.05. Following the completion of the sale, the vice president now directly owns 22,776 shares of the company’s stock, 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 legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, 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 sale, the vice president now directly owns 25,926 shares of the company’s stock, valued at $11,260,958.10. This represents a 7.88 % 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 worth $4,306,843 over the last 90 days. Insiders own 0.60% of the company’s stock.

Linde Trading Down 0.9 %

NASDAQ:LIN opened at $457.00 on Friday. The stock’s 50 day moving average price is $434.82 and its 200 day moving average price is $453.99. Linde plc has a 52 week low of $410.69 and a 52 week high of $487.49. The company has a market capitalization of $217.61 billion, a P/E ratio of 33.58, 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 quick ratio of 0.81 and a current ratio of 0.89.

Linde (NASDAQ:LIN) last released its quarterly earnings data on Thursday, February 6th. The basic materials company reported $3.97 EPS for the quarter, topping analysts’ consensus estimates of $3.93 by $0.04. Linde had a return on equity of 18.71% and a net margin of 19.89%. On average, research analysts forecast that Linde plc will post 16.55 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.