Bank Pictet & Cie Europe AG grew its stake in shares of Linde plc (NASDAQ:LIN - Free Report) by 2.8% in the fourth quarter, according to its most recent filing with the Securities & Exchange Commission. The firm owned 68,460 shares of the basic materials company's stock after acquiring an additional 1,876 shares during the period. Bank Pictet & Cie Europe AG's holdings in Linde were worth $28,662,000 at the end of the most recent reporting period.
Other large investors also recently modified their holdings of the company. Synergy Asset Management LLC purchased a new position in Linde in the 4th quarter valued at approximately $25,000. Strategic Financial Concepts LLC bought a new position in shares of Linde in the fourth quarter worth $28,000. Global Wealth Strategies & Associates grew its position in shares of Linde by 144.8% in 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 in the last quarter. Kozak & Associates Inc. bought a new stake in shares of Linde during the 3rd quarter valued at $34,000. Finally, Retirement Wealth Solutions LLC purchased a new stake in Linde during the 4th quarter worth about $34,000. Hedge funds and other institutional investors own 82.80% of the company's stock.
Analyst Ratings Changes
A number of research analysts have weighed in on the company. BMO Capital Markets lifted their target price on Linde from $477.00 to $507.00 and gave the company an "outperform" rating in a report on Friday, November 1st. Citigroup dropped their target price on shares of Linde from $490.00 to $480.00 and set a "neutral" rating for the company in a research report on Wednesday, December 18th. Erste Group Bank reissued a "hold" rating on shares of Linde in a report on Tuesday, November 19th. Mizuho lifted their price objective on shares of Linde from $520.00 to $530.00 and gave the stock an "outperform" rating in a report on Friday, November 1st. Finally, Deutsche Bank Aktiengesellschaft upped their target price on shares of Linde from $510.00 to $515.00 and gave the stock a "buy" rating in a research report on Friday, November 1st. Four research analysts have rated the stock with a hold rating and nine have assigned a buy rating to the company. Based on data from MarketBeat, Linde presently has an average rating of "Moderate Buy" and a consensus price target of $501.82.
View Our Latest Stock Report on Linde
Insider Activity
In other Linde news, VP Guillermo Bichara sold 4,385 shares of the business's stock in a transaction 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 transaction, the vice president now directly owns 22,776 shares of the company's stock, valued at approximately $10,493,586.48. The trade was a 16.14 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director Paula Rosput Reynolds bought 100 shares of the company's stock in a transaction dated Thursday, December 12th. The stock was bought at an average cost of $441.34 per share, with a total value of $44,134.00. Following the completion of the transaction, the director now owns 233 shares in the company, valued at approximately $102,832.22. This trade represents a 75.19 % increase in their position. The disclosure for this purchase can be found here. Over the last ninety days, insiders sold 9,503 shares of company stock valued at $4,306,843. Insiders own 0.60% of the company's stock.
Linde Trading Down 0.8 %
LIN stock traded down $3.76 during trading on Wednesday, hitting $462.07. 1,883,751 shares of the company traded hands, compared to its average volume of 2,288,375. 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 company has a 50-day moving average of $435.53 and a 200-day moving average of $454.12. The firm has a market capitalization of $220.02 billion, a PE ratio of 33.95, a P/E/G ratio of 3.05 and a beta of 0.94. Linde plc has a 1 year low of $410.69 and a 1 year high of $487.49.
Linde (NASDAQ:LIN - Get Free Report) last issued its earnings results on Thursday, February 6th. The basic materials company reported $3.97 EPS for the quarter, topping the consensus estimate 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 16.54 earnings per share for the current fiscal year.
Linde Profile
(
Free Report)
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.
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