Compagnie Lombard Odier SCmA Purchases 7,266 Shares of Linde plc (NASDAQ:LIN)

Compagnie Lombard Odier SCmA raised its position in shares of Linde plc (NASDAQ:LIN - Free Report) by 1.4% during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 508,546 shares of the basic materials company's stock after purchasing an additional 7,266 shares during the quarter. Linde accounts for about 3.1% of Compagnie Lombard Odier SCmA's investment portfolio, making the stock its 8th largest position. Compagnie Lombard Odier SCmA owned approximately 0.11% of Linde worth $212,913,000 at the end of the most recent reporting period.

Several other large investors have also added to or reduced their stakes in LIN. Trifecta Capital Advisors LLC lifted its stake in Linde by 16.9% in the third quarter. Trifecta Capital Advisors LLC now owns 145 shares of the basic materials company's stock worth $69,000 after acquiring an additional 21 shares during the period. Concord Asset Management LLC VA lifted its stake in Linde by 0.5% in the fourth quarter. Concord Asset Management LLC VA now owns 4,774 shares of the basic materials company's stock worth $1,999,000 after acquiring an additional 23 shares during the period. Salomon & Ludwin LLC lifted its stake in Linde by 14.3% in the third quarter. Salomon & Ludwin LLC now owns 192 shares of the basic materials company's stock worth $92,000 after acquiring an additional 24 shares during the period. Fourpath Capital Management LLC lifted its stake in Linde by 0.6% in the fourth quarter. Fourpath Capital Management LLC now owns 4,138 shares of the basic materials company's stock worth $1,732,000 after acquiring an additional 24 shares during the period. Finally, Greystone Financial Group LLC lifted its stake in Linde by 1.3% in the third quarter. Greystone Financial Group LLC now owns 2,013 shares of the basic materials company's stock worth $960,000 after acquiring an additional 25 shares during the period. Hedge funds and other institutional investors own 82.80% of the company's stock.

Analysts Set New Price Targets

Several analysts have commented on the stock. BMO Capital Markets increased their price target on shares of Linde from $477.00 to $507.00 and gave the company an "outperform" rating in a research 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 report on Wednesday, December 18th. Mizuho increased their price target on shares of Linde from $520.00 to $530.00 and gave the company an "outperform" rating in a research report on Friday, November 1st. Deutsche Bank Aktiengesellschaft increased their price target on shares of Linde from $510.00 to $515.00 and gave the company a "buy" rating in a research report on Friday, November 1st. Finally, Erste Group Bank reissued a "hold" rating on shares of Linde in a research report on Tuesday, November 19th. Four investment analysts have rated the stock with a hold rating and nine have given a buy rating to the stock. According to MarketBeat, the stock presently has a consensus rating of "Moderate Buy" and a consensus price target of $501.82.

Insider Buying and Selling

In other news, Director Paula Rosput Reynolds acquired 100 shares of the company's stock in a transaction dated Thursday, December 12th. The shares were acquired at an average price of $441.34 per share, with a total value of $44,134.00. Following the purchase, the director now directly owns 233 shares of the company's stock, valued at $102,832.22. This trade represents a 75.19 % increase in their ownership of the stock. The purchase was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, VP Guillermo Bichara sold 4,385 shares of the firm's stock in a transaction that occurred on Wednesday, December 4th. The stock was sold at an average price of $460.73, for a total transaction of $2,020,301.05. Following the sale, the vice president now directly owns 22,776 shares in the company, valued at $10,493,586.48. The trade was a 16.14 % decrease in their position. The disclosure for this sale can be found here. In the last quarter, insiders have sold 9,503 shares of company stock worth $4,306,843. 0.60% of the stock is owned by company insiders.

Linde Stock Performance

Shares of Linde stock traded up $8.83 during midday trading on Tuesday, hitting $465.83. The company had a trading volume of 2,808,502 shares, compared to its average volume of 2,301,429. The stock has a market cap of $221.81 billion, a price-to-earnings ratio of 34.23, a PEG ratio of 2.89 and a beta of 0.94. The company has a quick ratio of 0.81, a current ratio of 0.89 and a debt-to-equity ratio of 0.39. The company has a fifty day simple moving average of $435.11 and a 200 day simple moving average of $454.04. Linde plc has a 12-month low of $410.69 and a 12-month high of $487.49.

Linde (NASDAQ:LIN - Get Free Report) last issued its quarterly earnings results on Thursday, February 6th. The basic materials company reported $3.97 earnings per share 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%. As a group, analysts predict that Linde plc will post 16.55 earnings per share for the current fiscal year.

About Linde

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.