Thurston Springer Miller Herd & Titak Inc. Has $3.23 Million Position in Linde plc (NASDAQ:LIN)

Thurston Springer Miller Herd & Titak Inc. lifted its holdings in Linde plc (NASDAQ:LIN - Free Report) by 25.4% in the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 7,709 shares of the basic materials company's stock after buying an additional 1,560 shares during the period. Linde comprises approximately 0.7% of Thurston Springer Miller Herd & Titak Inc.'s portfolio, making the stock its 26th biggest position. Thurston Springer Miller Herd & Titak Inc.'s holdings in Linde were worth $3,227,000 at the end of the most recent quarter.

Several other large investors have also recently bought and sold shares of LIN. Kozak & Associates Inc. purchased a new position in shares of Linde during the 3rd quarter valued at $34,000. Global Wealth Strategies & Associates boosted its position 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. Capital Performance Advisors LLP purchased a new position in Linde in the third quarter valued at about $43,000. Voisard Asset Management Group Inc. increased its position in Linde by 1,733.3% in the 3rd quarter. Voisard Asset Management Group Inc. now owns 110 shares of the basic materials company's stock worth $53,000 after purchasing an additional 104 shares during the last quarter. Finally, Beaird Harris Wealth Management LLC increased its position 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 purchasing an additional 99 shares during the last quarter. 82.80% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

Several brokerages recently commented on LIN. Citigroup lowered their price target on Linde from $490.00 to $480.00 and set a "neutral" rating for the company in a research note on Wednesday, December 18th. TD Cowen raised shares of Linde from a "hold" rating to a "buy" rating and boosted their target price for the stock from $480.00 to $515.00 in a research report on Monday. Erste Group Bank restated a "hold" rating on shares of Linde in a report on Tuesday, November 19th. BMO Capital Markets upped 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. Finally, Mizuho increased their target price on shares of Linde from $520.00 to $530.00 and gave the stock an "outperform" rating in a research report on Friday, November 1st. Five investment analysts have rated the stock with a hold rating and nine have assigned a buy rating to the company. Based on data from MarketBeat.com, the company currently has a consensus rating of "Moderate Buy" and a consensus target price of $495.75.

Insiders Place Their Bets

In related news, Director Paula Rosput Reynolds bought 100 shares of Linde stock in a transaction that occurred on Thursday, December 12th. The stock was acquired 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 owns 233 shares in the company, valued at approximately $102,832.22. This represents a 75.19 % increase in their ownership of the stock. The acquisition was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, VP Guillermo Bichara sold 4,385 shares of Linde stock in a transaction dated 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 sale, the vice president now directly owns 22,776 shares in the company, valued at approximately $10,493,586.48. This trade represents a 16.14 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Company insiders own 0.60% of the company's stock.

Linde Stock Performance

Shares of NASDAQ LIN traded up $0.69 during trading hours on Wednesday, hitting $427.98. 2,202,255 shares of the company's stock were exchanged, compared to its average volume of 2,468,112. The company's 50-day moving average price is $438.67 and its 200-day moving average price is $453.08. Linde plc has a 1-year low of $396.07 and a 1-year high of $487.49. The stock has a market capitalization of $203.79 billion, a price-to-earnings ratio of 32.50, a PEG ratio of 2.79 and a beta of 0.94. The company has a debt-to-equity ratio of 0.43, a current ratio of 0.96 and a quick ratio of 0.81.

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

Linde Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Tuesday, December 17th. Shareholders of record on Tuesday, December 3rd were issued a $1.39 dividend. This represents a $5.56 dividend on an annualized basis and a yield of 1.30%. The ex-dividend date was Tuesday, December 3rd. Linde's dividend payout ratio (DPR) is presently 42.22%.

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.