Timber Creek Capital Management LLC Increases Position in Linde plc (NASDAQ:LIN)

Timber Creek Capital Management LLC increased its stake in shares of Linde plc (NASDAQ:LIN) by 0.8% during the fourth quarter, HoldingsChannel.com reports. 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 as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors have also recently added to or reduced their stakes in the company. Synergy Asset Management LLC acquired a new stake in shares of Linde in the 4th quarter worth $25,000. Strategic Financial Concepts LLC purchased a new position in Linde during the fourth quarter worth about $28,000. Global Wealth Strategies & Associates lifted its position in Linde by 144.8% in 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 period. Retirement Wealth Solutions LLC purchased a new stake in Linde in the 4th quarter valued at approximately $34,000. Finally, Kozak & Associates Inc. increased its position in Linde by 38.6% during the 4th quarter. Kozak & Associates Inc. now owns 97 shares of the basic materials company’s stock worth $40,000 after purchasing an additional 27 shares during the period. Institutional investors and hedge funds own 82.80% of the company’s stock.

Analyst Upgrades and Downgrades

LIN has been the subject of several research analyst reports. Deutsche Bank Aktiengesellschaft increased their price objective on Linde from $510.00 to $515.00 and gave the stock a “buy” rating in a research report on Friday, November 1st. BMO Capital Markets boosted their price objective on shares of Linde from $477.00 to $507.00 and gave the stock an “outperform” rating in a report on Friday, November 1st. TD Cowen raised shares of Linde from a “hold” rating to a “buy” rating and increased their target price for the company from $480.00 to $515.00 in a report on Monday, January 13th. Erste Group Bank reissued a “hold” rating on shares of Linde in a research note on Tuesday, November 19th. Finally, Citigroup reduced their price objective on Linde from $490.00 to $480.00 and set a “neutral” rating for the company in a report on Wednesday, December 18th. Four investment analysts have rated the stock with a hold rating and nine have given a buy rating to the company. According to data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $501.82.

Insider Transactions at Linde

In related news, 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 transaction 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. This represents a 17.15 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Also, VP David P. Strauss sold 2,218 shares of the firm’s stock in a transaction dated 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 directly 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 disclosure for this sale can be found here. Insiders sold a total of 9,503 shares of company stock worth $4,306,843 over the last ninety days. 0.60% of the stock is currently owned by corporate insiders.

Linde Stock Performance

Linde stock opened at $465.83 on Wednesday. The company has a debt-to-equity ratio of 0.39, a quick ratio of 0.76 and a current ratio of 0.89. Linde plc has a fifty-two week low of $410.69 and a fifty-two week high of $487.49. The stock has a fifty day moving average of $435.53 and a two-hundred day moving average of $454.12. The company has a market capitalization of $221.81 billion, a price-to-earnings ratio of 34.23, a PEG ratio of 3.05 and a beta of 0.94.

Linde (NASDAQ:LIN) last posted 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, analysts anticipate that Linde plc will post 16.54 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.