4,986 Shares in Linde plc (NASDAQ:LIN) Bought by TigerOak Management L.L.C.

TigerOak Management L.L.C. acquired a new position in shares of Linde plc (NASDAQ:LIN - Free Report) in the 4th quarter, according to its most recent filing with the Securities & Exchange Commission. The fund acquired 4,986 shares of the basic materials company's stock, valued at approximately $2,087,000. Linde accounts for about 0.8% of TigerOak Management L.L.C.'s holdings, making the stock its 24th largest position.

A number of other institutional investors and hedge funds have also added to or reduced their stakes in the business. Congress Asset Management Co. increased its stake in Linde by 0.4% during the 4th quarter. Congress Asset Management Co. now owns 39,358 shares of the basic materials company's stock valued at $16,478,000 after buying an additional 161 shares during the period. Roxbury Financial LLC acquired a new position in shares of Linde during the fourth quarter valued at approximately $103,000. Aveo Capital Partners LLC increased its stake in shares of Linde by 5.2% during the fourth quarter. Aveo Capital Partners LLC now owns 709 shares of the basic materials company's stock valued at $297,000 after acquiring an additional 35 shares during the period. Empire Life Investments Inc. bought a new stake in Linde during the fourth quarter worth approximately $2,722,000. Finally, Nations Financial Group Inc. IA ADV lifted its position in Linde by 3.4% in the fourth quarter. Nations Financial Group Inc. IA ADV now owns 8,041 shares of the basic materials company's stock worth $3,367,000 after purchasing an additional 261 shares during the period. 82.80% of the stock is owned by institutional investors.

Insider Buying and Selling at Linde

In other Linde news, Director Robert L. Wood sold 2,900 shares of the firm's 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 $6,393,571.38. This trade represents a 17.15 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Also, VP Guillermo Bichara sold 4,385 shares of the company's 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 owns 22,776 shares of the company's stock, valued at approximately $10,493,586.48. This trade represents a 16.14 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 9,503 shares of company stock valued at $4,306,843 in the last quarter. Company insiders own 0.60% of the company's stock.

Linde Stock Down 0.8 %

NASDAQ:LIN traded down $3.76 during trading hours on Wednesday, hitting $462.07. 1,883,751 shares of the company's stock traded hands, compared to its average volume of 2,288,375. Linde plc has a twelve month low of $410.69 and a twelve month high of $487.49. The firm has a market cap of $220.02 billion, a P/E ratio of 33.95, a P/E/G ratio of 3.05 and a beta of 0.94. The company has a debt-to-equity ratio of 0.39, a quick ratio of 0.76 and a current ratio of 0.89. The stock's fifty day moving average price is $435.53 and its two-hundred day moving average price is $454.12.

Linde (NASDAQ:LIN - Get Free Report) last posted its quarterly earnings results on Thursday, February 6th. The basic materials company reported $3.97 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $3.93 by $0.04. Linde had a net margin of 19.89% and a return on equity of 18.71%. On average, research analysts expect that Linde plc will post 16.54 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

Several analysts have recently weighed in on LIN shares. BMO Capital Markets upped their price objective on Linde from $477.00 to $507.00 and gave the company an "outperform" rating in a report on Friday, November 1st. Citigroup cut their price target 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. Mizuho boosted their target price on shares of Linde from $520.00 to $530.00 and gave the stock an "outperform" rating in a report on Friday, November 1st. Erste Group Bank restated a "hold" rating on shares of Linde in a report on Tuesday, November 19th. Finally, Deutsche Bank Aktiengesellschaft upped their price target on Linde from $510.00 to $515.00 and gave the company a "buy" rating in a report on Friday, November 1st. Four research analysts have rated the stock with a hold rating and nine have issued a buy rating to the stock. According to MarketBeat.com, the company currently has an average rating of "Moderate Buy" and a consensus target price of $501.82.

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.