Linde plc (NASDAQ:LIN) Shares Purchased by Timber Creek Capital Management LLC

Timber Creek Capital Management LLC boosted its holdings in shares of Linde plc (NASDAQ:LIN) by 0.8% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 10,147 shares of the basic materials company’s stock after acquiring an additional 83 shares during the period. Timber Creek Capital Management LLC’s holdings in Linde were worth $4,248,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also recently made changes to their positions in the stock. Synergy Asset Management LLC acquired a new position in Linde in the 4th quarter valued at about $25,000. Global Wealth Strategies & Associates raised 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 buying an additional 42 shares during the period. Retirement Wealth Solutions LLC acquired a new position in Linde in the fourth quarter valued at approximately $34,000. Capital Performance Advisors LLP purchased a new position in Linde in the third quarter worth approximately $43,000. Finally, Kozak & Associates Inc. grew its position in Linde by 38.6% in the fourth quarter. Kozak & Associates Inc. now owns 97 shares of the basic materials company’s stock worth $40,000 after acquiring an additional 27 shares during the period. Institutional investors and hedge funds own 82.80% of the company’s stock.

Linde Trading Up 1.9 %

Shares of NASDAQ:LIN opened at $465.83 on Wednesday. The company has a market cap of $221.81 billion, a PE ratio of 34.23, a P/E/G ratio of 3.05 and a beta of 0.94. The company’s 50 day moving average is $435.53 and its two-hundred day moving average is $454.12. Linde plc has a 52 week low of $410.69 and a 52 week high of $487.49. 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 (NASDAQ:LIN) last posted its 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 return on equity of 18.71% and a net margin of 19.89%. Equities analysts predict that Linde plc will post 16.54 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

Several brokerages have recently commented on LIN. TD Cowen raised 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 research note on Monday, January 13th. Mizuho upped 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 increased their price objective 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. Erste Group Bank restated a “hold” rating on shares of Linde in a report on Tuesday, November 19th. Finally, Citigroup cut their target price on shares of Linde from $490.00 to $480.00 and set a “neutral” rating on the stock in a research note on Wednesday, December 18th. Four research analysts have rated the stock with a hold rating and nine have assigned a buy rating to the company. Based on data from MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus target price of $501.82.

Insider Transactions at Linde

In related news, VP Guillermo Bichara sold 4,385 shares of the business’s stock in a transaction on Wednesday, December 4th. The shares were 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 $10,493,586.48. The trade was a 16.14 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, Director Paula Rosput Reynolds acquired 100 shares of the company’s stock in a transaction on Thursday, December 12th. The shares were purchased at an average cost of $441.34 per share, for a total transaction of $44,134.00. Following the acquisition, the director now owns 233 shares of the company’s stock, valued at approximately $102,832.22. The trade was a 75.19 % increase in their position. The disclosure for this purchase can be found here. In the last 90 days, insiders have sold 9,503 shares of company stock valued at $4,306,843. Corporate insiders own 0.60% of the company’s stock.

Linde Company 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.