TBH Global Asset Management LLC Has $911,000 Position in Linde PLC (NASDAQ:LIN)

TBH Global Asset Management LLC grew its holdings in Linde PLC (NASDAQ:LIN - Free Report) by 78.1% during the first quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 1,956 shares of the basic materials company's stock after purchasing an additional 858 shares during the quarter. TBH Global Asset Management LLC's holdings in Linde were worth $911,000 as of its most recent filing with the SEC.

A number of other institutional investors and hedge funds also recently bought and sold shares of the business. Knuff & Co LLC increased its stake in Linde by 8.8% during the 4th quarter. Knuff & Co LLC now owns 272 shares of the basic materials company's stock worth $114,000 after acquiring an additional 22 shares during the period. New Age Alpha Advisors LLC increased its stake in Linde by 34.9% during the 4th quarter. New Age Alpha Advisors LLC now owns 85 shares of the basic materials company's stock worth $36,000 after acquiring an additional 22 shares during the period. Austin Wealth Management LLC increased its stake in Linde by 5.3% during the 4th quarter. Austin Wealth Management LLC now owns 479 shares of the basic materials company's stock worth $209,000 after acquiring an additional 24 shares during the period. Personal CFO Solutions LLC increased its stake in Linde by 0.8% during the 4th quarter. Personal CFO Solutions LLC now owns 3,116 shares of the basic materials company's stock worth $1,305,000 after acquiring an additional 25 shares during the period. Finally, Rockingstone Advisors LLC increased its stake in Linde by 0.3% during the 1st quarter. Rockingstone Advisors LLC now owns 8,340 shares of the basic materials company's stock worth $3,883,000 after acquiring an additional 25 shares during the period. Institutional investors and hedge funds own 82.80% of the company's stock.

Analysts Set New Price Targets

A number of equities analysts have commented on the company. Argus upgraded Linde to a "strong-buy" rating in a research note on Tuesday, April 8th. Sanford C. Bernstein upgraded Linde to a "strong-buy" rating in a research note on Thursday, April 3rd. Finally, Royal Bank Of Canada assumed coverage on Linde in a research note on Friday, June 13th. They set an "outperform" rating and a $576.00 price objective on the stock. Three investment analysts have rated the stock with a hold rating, eight have assigned a buy rating and two have assigned a strong buy rating to the company's stock. According to MarketBeat.com, Linde presently has an average rating of "Moderate Buy" and a consensus price target of $510.40.

Insider Activity at Linde

In other Linde news, VP David P. Strauss sold 1,987 shares of Linde stock in a transaction dated Friday, May 16th. The stock was sold at an average price of $457.04, for a total transaction of $908,138.48. Following the transaction, the vice president now directly owns 22,639 shares of the company's stock, valued at approximately $10,346,928.56. The trade was a 8.07% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, VP Sean Durbin sold 7,261 shares of Linde stock in a transaction dated Thursday, May 22nd. The stock was sold at an average price of $456.42, for a total value of $3,314,065.62. Following the transaction, the vice president now directly owns 8,151 shares in the company, valued at $3,720,279.42. The trade was a 47.11% decrease in their ownership of the stock. The disclosure for this sale can be found here. 0.70% of the stock is currently owned by company insiders.

Linde Price Performance

Shares of LIN stock traded down $0.67 during trading hours on Friday, reaching $463.79. The company's stock had a trading volume of 2,634,344 shares, compared to its average volume of 1,972,547. The firm's 50 day simple moving average is $458.94 and its 200-day simple moving average is $449.70. The company has a market capitalization of $218.32 billion, a price-to-earnings ratio of 33.68, a PEG ratio of 3.27 and a beta of 0.97. Linde PLC has a fifty-two week low of $408.65 and a fifty-two week high of $487.49. The company has a quick ratio of 0.80, a current ratio of 0.94 and a debt-to-equity ratio of 0.45.

Linde (NASDAQ:LIN - Get Free Report) last issued its earnings results on Thursday, May 1st. The basic materials company reported $3.95 earnings per share for the quarter, beating analysts' consensus estimates of $3.92 by $0.03. Linde had a return on equity of 18.95% and a net margin of 20.02%. The firm had revenue of $8.11 billion for the quarter, compared to the consensus estimate of $8.24 billion. During the same quarter last year, the business posted $3.75 EPS. The company's revenue was up .1% compared to the same quarter last year. Sell-side analysts forecast that Linde PLC will post 16.54 earnings per share for the current year.

Linde Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Wednesday, June 18th. Investors of record on Wednesday, June 4th were issued a dividend of $1.50 per share. This represents a $6.00 annualized dividend and a dividend yield of 1.29%. The ex-dividend date of this dividend was Wednesday, June 4th. Linde's dividend payout ratio (DPR) is 43.57%.

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.