TigerOak Management L.L.C. Takes $2.09 Million Position in Linde plc (NASDAQ:LIN)

TigerOak Management L.L.C. acquired a new position in Linde plc (NASDAQ:LIN) during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor acquired 4,986 shares of the basic materials company’s stock, valued at approximately $2,087,000. Linde accounts for approximately 0.8% of TigerOak Management L.L.C.’s investment portfolio, making the stock its 24th biggest position.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. AMF Tjanstepension AB grew its stake in Linde by 108.7% in the 3rd quarter. AMF Tjanstepension AB now owns 784,477 shares of the basic materials company’s stock worth $374,086,000 after acquiring an additional 408,659 shares in the last quarter. Creative Planning boosted its stake in Linde by 16.8% in the third quarter. Creative Planning now owns 60,292 shares of the basic materials company’s stock valued at $28,751,000 after acquiring an additional 8,659 shares in the last quarter. Good Life Advisors LLC acquired a new stake in Linde in the third quarter valued at approximately $255,000. Global Retirement Partners LLC raised its holdings in shares of Linde by 5.8% in the third quarter. Global Retirement Partners LLC now owns 4,185 shares of the basic materials company’s stock worth $1,995,000 after buying an additional 230 shares during the last quarter. Finally, Teamwork Financial Advisors LLC purchased a new position in shares of Linde in the third quarter worth $282,000. 82.80% of the stock is owned by hedge funds and other institutional investors.

Insider Buying and Selling

In other Linde news, VP Guillermo Bichara sold 4,385 shares of the business’s stock in a transaction that occurred on 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 completion of the transaction, the vice president now owns 22,776 shares in the company, valued at $10,493,586.48. The trade was a 16.14 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available at this link. Also, Director Paula Rosput Reynolds purchased 100 shares of the stock in a transaction on Thursday, December 12th. The shares were purchased at an average price of $441.34 per share, with a total value of $44,134.00. Following the acquisition, the director now directly owns 233 shares in the company, valued at $102,832.22. This represents a 75.19 % increase in their ownership of the stock. The disclosure for this purchase can be found here. Insiders have sold a total of 9,503 shares of company stock valued at $4,306,843 in the last ninety days. Company insiders own 0.60% of the company’s stock.

Linde Price Performance

Shares of LIN stock opened at $457.00 on Friday. The firm’s 50-day moving average is $434.82 and its two-hundred day moving average is $453.99. The company has a market capitalization of $217.61 billion, a PE ratio of 33.58, a price-to-earnings-growth ratio of 2.89 and a beta of 0.94. Linde plc has a 12 month low of $410.69 and a 12 month high of $487.49. The company has a debt-to-equity ratio of 0.39, a current ratio of 0.89 and a quick ratio of 0.81.

Linde (NASDAQ:LIN) last released its quarterly earnings results on Thursday, February 6th. The basic materials company reported $3.97 earnings per share (EPS) for the quarter, beating 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%. Analysts predict that Linde plc will post 16.55 earnings per share for the current year.

Wall Street Analysts Forecast Growth

A number of research firms have issued reports on LIN. BMO Capital Markets raised their price target on shares of Linde from $477.00 to $507.00 and gave the stock an “outperform” rating in a report on Friday, November 1st. Mizuho lifted their price objective on shares of Linde from $520.00 to $530.00 and gave the company an “outperform” rating in a report on Friday, November 1st. Erste Group Bank reiterated a “hold” rating on shares of Linde in a research report on Tuesday, November 19th. TD Cowen upgraded shares of Linde from a “hold” rating to a “buy” rating and lifted their target price for the company from $480.00 to $515.00 in a research report on Monday, January 13th. Finally, Citigroup lowered their price target on shares of Linde from $490.00 to $480.00 and set a “neutral” rating on the stock in a research report on Wednesday, December 18th. Four investment analysts have rated the stock with a hold rating and nine have assigned a buy rating to the company’s stock. According to data from MarketBeat.com, Linde has a consensus rating of “Moderate Buy” and a consensus target price of $501.82.

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.