Banque Pictet & Cie SA trimmed its stake in Linde plc (NASDAQ:LIN - Free Report) by 7.4% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 107,622 shares of the basic materials company's stock after selling 8,577 shares during the period. Banque Pictet & Cie SA's holdings in Linde were worth $45,058,000 as of its most recent SEC filing.
Other large investors have also recently modified their holdings of the company. V Square Quantitative Management LLC lifted its position in Linde by 2.0% during the fourth quarter. V Square Quantitative Management LLC now owns 9,598 shares of the basic materials company's stock valued at $4,018,000 after buying an additional 186 shares during the period. Compagnie Lombard Odier SCmA raised its holdings in Linde by 1.4% in the 4th quarter. Compagnie Lombard Odier SCmA now owns 508,546 shares of the basic materials company's stock worth $212,913,000 after acquiring an additional 7,266 shares during the last quarter. Arcus Capital Partners LLC purchased a new position in shares of Linde in the fourth quarter worth $883,000. Figure 8 Investment Strategies LLC bought a new position in Linde during the 4th quarter valued at about $2,456,000. Finally, Avestar Capital LLC lifted its position in Linde by 10.3% during the fourth quarter. Avestar Capital LLC now owns 4,432 shares of the basic materials company's stock valued at $1,856,000 after purchasing an additional 414 shares during the period. Institutional investors own 82.80% of the company's stock.
Insider Buying and Selling
In other news, Director Robert L. Wood sold 2,900 shares of the business's stock in a transaction on Monday, February 10th. The shares were sold at an average price of $456.26, for a total transaction of $1,323,154.00. Following the completion of the sale, the director now directly owns 14,013 shares of the company's stock, valued at approximately $6,393,571.38. The trade was a 17.15 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, VP David P. Strauss sold 2,218 shares of the firm's stock in a transaction dated Monday, December 16th. The stock was sold at an average price of $434.35, for a total transaction of $963,388.30. Following the completion of the transaction, the vice president now directly owns 25,926 shares in the company, valued at $11,260,958.10. This represents a 7.88 % decrease in their position. The disclosure for this sale can be found here. In the last ninety days, insiders sold 9,503 shares of company stock valued at $4,306,843. Company insiders own 0.60% of the company's stock.
Wall Street Analyst Weigh In
Several research analysts have issued reports on LIN shares. Mizuho raised their target price on Linde from $520.00 to $530.00 and gave the stock an "outperform" rating in a research report on Friday, November 1st. TD Cowen raised Linde from a "hold" rating to a "buy" rating and lifted their price objective for the company from $480.00 to $515.00 in a research report on Monday, January 13th. Erste Group Bank restated a "hold" rating on shares of Linde in a research note on Tuesday, November 19th. BMO Capital Markets upped their price target on shares of Linde from $477.00 to $507.00 and gave the stock an "outperform" rating in a research report on Friday, November 1st. Finally, Citigroup decreased their price objective 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 equities research analysts have rated the stock with a hold rating and nine have assigned a buy rating to the stock. Based on data from MarketBeat, Linde currently has an average rating of "Moderate Buy" and a consensus target price of $501.82.
Check Out Our Latest Stock Report on Linde
Linde Price Performance
NASDAQ LIN traded up $8.83 during trading on Tuesday, hitting $465.83. 2,808,502 shares of the stock traded hands, compared to its average volume of 2,301,429. The company has a quick ratio of 0.81, a current ratio of 0.89 and a debt-to-equity ratio of 0.39. Linde plc has a 12-month low of $410.69 and a 12-month high of $487.49. The firm has a 50-day simple moving average of $435.11 and a 200-day simple moving average of $454.04. The company has a market capitalization of $221.81 billion, a P/E ratio of 34.23, a price-to-earnings-growth ratio of 2.89 and a beta of 0.94.
Linde (NASDAQ:LIN - Get Free Report) last announced its earnings results on Thursday, February 6th. The basic materials company reported $3.97 earnings per share (EPS) for the quarter, beating 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%. As a group, analysts predict that Linde plc will post 16.55 EPS for the current year.
About Linde
(
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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