TFC Financial Management Inc. Has $95,000 Stock Position in Linde plc (NASDAQ:LIN)

TFC Financial Management Inc. cut its holdings in shares of Linde plc (NASDAQ:LIN) by 10.3% during the fourth quarter, Holdings Channel reports. The fund owned 226 shares of the basic materials company’s stock after selling 26 shares during the quarter. TFC Financial Management Inc.’s holdings in Linde were worth $95,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors have also added to or reduced their stakes in the company. Synergy Asset Management LLC acquired a new position in Linde during the 4th quarter worth approximately $25,000. Kozak & Associates Inc. bought a new stake in shares of Linde in the 3rd quarter valued at $34,000. Global Wealth Strategies & Associates lifted 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 period. Retirement Wealth Solutions LLC acquired a new position in shares of Linde during the 4th quarter valued at $34,000. Finally, Capital Performance Advisors LLP acquired a new position in shares of Linde during the 3rd quarter valued at $43,000. 82.80% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

LIN has been the subject of several analyst reports. Citigroup lowered their target price on shares of Linde from $490.00 to $480.00 and set a “neutral” rating for the company in a report on Wednesday, December 18th. TD Cowen raised shares of Linde from a “hold” rating to a “buy” rating and raised their target price for the company from $480.00 to $515.00 in a research note on Monday, January 13th. Erste Group Bank reissued a “hold” rating on shares of Linde in a research note on Tuesday, November 19th. Deutsche Bank Aktiengesellschaft raised 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. Finally, BMO Capital Markets lifted their price target on shares of Linde from $477.00 to $507.00 and gave the company an “outperform” rating in a report on Friday, November 1st. Four analysts have rated the stock with a hold rating and nine have assigned a buy rating to the stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $501.82.

Linde Price Performance

Shares of NASDAQ LIN opened at $458.56 on Thursday. The company has a debt-to-equity ratio of 0.39, a quick ratio of 0.81 and a current ratio of 0.89. The company has a market cap of $218.35 billion, a PE ratio of 33.69, a P/E/G ratio of 2.89 and a beta of 0.94. The business has a 50-day simple moving average of $434.44 and a two-hundred day simple moving average of $453.86. Linde plc has a fifty-two week low of $410.69 and a fifty-two week 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, topping the consensus estimate of $3.93 by $0.04. Linde had a return on equity of 18.71% and a net margin of 19.89%. As a group, equities analysts expect that Linde plc will post 16.55 EPS for the current fiscal year.

Insider Transactions at Linde

In other Linde news, VP David P. Strauss sold 2,218 shares of Linde stock in a transaction 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 sale, the vice president now owns 25,926 shares in the company, valued at $11,260,958.10. The trade was a 7.88 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, Director Robert L. Wood sold 2,900 shares of the 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 transaction, the director now directly owns 14,013 shares in the company, valued at approximately $6,393,571.38. The trade was a 17.15 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 9,503 shares of company stock valued at $4,306,843 over the last ninety days. Insiders own 0.60% of the company’s stock.

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.