Threadgill Financial LLC Acquires 7,898 Shares of Linde plc (NASDAQ:LIN)

Threadgill Financial LLC increased its holdings in Linde plc (NASDAQ:LIN - Free Report) by 114.9% during the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 14,771 shares of the basic materials company's stock after purchasing an additional 7,898 shares during the quarter. Linde makes up 3.3% of Threadgill Financial LLC's investment portfolio, making the stock its 8th biggest holding. Threadgill Financial LLC's holdings in Linde were worth $6,184,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also bought and sold shares of the company. Kozak & Associates Inc. acquired a new stake in shares of Linde in the 3rd quarter worth about $34,000. Global Wealth Strategies & Associates grew 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. Capital Performance Advisors LLP bought a new position in shares of Linde during the 3rd quarter valued at approximately $43,000. Voisard Asset Management Group Inc. grew its position in shares of Linde by 1,733.3% during the 3rd quarter. Voisard Asset Management Group Inc. now owns 110 shares of the basic materials company's stock valued at $53,000 after acquiring an additional 104 shares during the period. Finally, Beaird Harris Wealth Management LLC boosted its holdings in Linde by 618.8% in the 3rd quarter. Beaird Harris Wealth Management LLC now owns 115 shares of the basic materials company's stock worth $55,000 after buying an additional 99 shares during the period. Institutional investors and hedge funds own 82.80% of the company's stock.

Insider Activity at Linde

In other news, VP Guillermo Bichara sold 4,385 shares of the stock in a transaction dated Wednesday, December 4th. The shares were sold at an average price of $460.73, for a total transaction of $2,020,301.05. Following the sale, the vice president now 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 sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director Paula Rosput Reynolds purchased 100 shares of the company's stock in a transaction on Thursday, December 12th. The stock was bought at an average price of $441.34 per share, for a total transaction of $44,134.00. Following the completion of the purchase, the director now directly owns 233 shares of the company's stock, valued at $102,832.22. The trade was a 75.19 % increase in their ownership of the stock. The disclosure for this purchase can be found here. 0.60% of the stock is currently owned by insiders.

Wall Street Analyst Weigh In

Several research firms have issued reports on LIN. TD Cowen upgraded shares of Linde from a "hold" rating to a "buy" rating and increased their target price for the stock from $480.00 to $515.00 in a research note on Monday. Citigroup cut their price target on shares of Linde from $490.00 to $480.00 and set a "neutral" rating on the stock in a report on Wednesday, December 18th. Mizuho lifted their target price 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. BMO Capital Markets lifted their target price on shares of Linde from $477.00 to $507.00 and gave the company an "outperform" rating in a research note on Friday, November 1st. Finally, Erste Group Bank reaffirmed a "hold" rating on shares of Linde in a research note on Tuesday, November 19th. Five investment 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 presently has an average rating of "Moderate Buy" and an average target price of $495.75.

Linde Price Performance

Linde stock traded up $7.28 during mid-day trading on Monday, reaching $421.43. 2,824,494 shares of the company's stock traded hands, compared to its average volume of 2,523,885. Linde plc has a 12-month low of $396.07 and a 12-month high of $487.49. The company has a market cap of $200.67 billion, a price-to-earnings ratio of 32.00, a PEG ratio of 2.79 and a beta of 0.94. The company has a quick ratio of 0.81, a current ratio of 0.96 and a debt-to-equity ratio of 0.43. The stock has a 50 day moving average of $439.96 and a two-hundred day moving average of $453.30.

Linde (NASDAQ:LIN - Get Free Report) last posted its quarterly earnings results on Thursday, October 31st. The basic materials company reported $3.94 EPS for the quarter, topping analysts' consensus estimates of $3.89 by $0.05. Linde had a net margin of 19.33% and a return on equity of 18.16%. The firm had revenue of $8.36 billion for the quarter, compared to analysts' expectations of $8.39 billion. During the same period in the prior year, the business posted $3.63 earnings per share. The business's revenue for the quarter was up 1.9% on a year-over-year basis. Equities analysts forecast that Linde plc will post 15.48 earnings per share for the current year.

Linde Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, December 17th. Investors of record on Tuesday, December 3rd were given a $1.39 dividend. This represents a $5.56 annualized dividend and a dividend yield of 1.32%. The ex-dividend date was Tuesday, December 3rd. Linde's payout ratio is currently 42.22%.

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.