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

Thurston Springer Miller Herd & Titak Inc. raised its position in shares of Linde plc (NASDAQ:LIN) by 25.4% during the fourth quarter, HoldingsChannel.com reports. The fund owned 7,709 shares of the basic materials company’s stock after buying an additional 1,560 shares during the quarter. Linde accounts for about 0.7% of Thurston Springer Miller Herd & Titak Inc.’s holdings, making the stock its 26th biggest position. Thurston Springer Miller Herd & Titak Inc.’s holdings in Linde were worth $3,227,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds have also recently made changes to their positions in LIN. Trifecta Capital Advisors LLC lifted its position in shares of Linde by 16.9% during the 3rd quarter. Trifecta Capital Advisors LLC now owns 145 shares of the basic materials company’s stock valued at $69,000 after acquiring an additional 21 shares during the period. Prentice Wealth Management LLC raised its holdings in shares of Linde by 1.7% during the third quarter. Prentice Wealth Management LLC now owns 1,367 shares of the basic materials company’s stock valued at $652,000 after purchasing an additional 23 shares during the period. Quotient Wealth Partners LLC boosted its position in shares of Linde by 0.9% during the 3rd quarter. Quotient Wealth Partners LLC now owns 2,706 shares of the basic materials company’s stock worth $1,290,000 after purchasing an additional 23 shares in the last quarter. Regent Peak Wealth Advisors LLC boosted its position in shares of Linde by 1.3% during the 3rd quarter. Regent Peak Wealth Advisors LLC now owns 1,831 shares of the basic materials company’s stock worth $873,000 after purchasing an additional 23 shares in the last quarter. Finally, Meridian Wealth Partners LLC grew its stake in shares of Linde by 5.2% in the 2nd quarter. Meridian Wealth Partners LLC now owns 482 shares of the basic materials company’s stock valued at $212,000 after buying an additional 24 shares during the period. 82.80% of the stock is owned by institutional investors.

Insider Transactions at Linde

In other Linde 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 completion of the transaction, the vice president now owns 22,776 shares in the company, valued at $10,493,586.48. This trade 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 is available through this link. Also, VP David P. Strauss sold 2,218 shares of the business’s stock in a transaction that occurred on Monday, December 16th. The shares were sold at an average price of $434.35, for a total transaction of $963,388.30. Following the completion of the sale, the vice president now directly owns 25,926 shares in the company, valued at approximately $11,260,958.10. This trade represents a 7.88 % decrease in their position. The disclosure for this sale can be found here. 0.60% of the stock is currently owned by company insiders.

Analyst Ratings Changes

Several research analysts have issued reports on LIN shares. BMO Capital Markets increased their price target on Linde from $477.00 to $507.00 and gave the stock an “outperform” rating in a report on Friday, November 1st. Mizuho increased their target price on Linde from $520.00 to $530.00 and gave the stock an “outperform” rating in a report on Friday, November 1st. Citigroup decreased their price target on shares of 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 raised their price objective for the company from $480.00 to $515.00 in a research note on Monday. Finally, Erste Group Bank reissued a “hold” rating on shares of Linde in a research report on Tuesday, November 19th. Five equities research analysts have rated the stock with a hold rating and nine have given a buy rating to the company. Based on data from MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus price target of $495.75.

Linde Stock Performance

Shares of LIN opened at $427.29 on Wednesday. The stock has a 50 day moving average of $438.67 and a 200 day moving average of $453.08. The company has a market capitalization of $203.46 billion, a price-to-earnings ratio of 32.44, a PEG ratio of 2.79 and a beta of 0.94. Linde plc has a 12 month low of $396.07 and a 12 month high of $487.49. The company has a current ratio of 0.96, a quick ratio of 0.81 and a debt-to-equity ratio of 0.43.

Linde (NASDAQ:LIN) last announced its earnings results on Thursday, October 31st. The basic materials company reported $3.94 earnings per share (EPS) for the quarter, beating the consensus estimate of $3.89 by $0.05. The firm had revenue of $8.36 billion during the quarter, compared to analyst estimates of $8.39 billion. Linde had a return on equity of 18.16% and a net margin of 19.33%. The business’s revenue was up 1.9% compared to the same quarter last year. During the same period last year, the firm posted $3.63 EPS. As a group, sell-side analysts forecast that Linde plc will post 15.48 earnings per share for the current year.

Linde Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Tuesday, December 17th. Stockholders of record on Tuesday, December 3rd were given a dividend of $1.39 per share. This represents a $5.56 dividend on an annualized basis and a dividend yield of 1.30%. The ex-dividend date was Tuesday, December 3rd. Linde’s dividend payout ratio is currently 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.