Helios Capital Management PTE. Ltd. Acquires 1,150 Shares of Linde plc (NASDAQ:LIN)

Helios Capital Management PTE. Ltd. grew its holdings in shares of Linde plc (NASDAQ:LIN - Free Report) by 85.2% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 2,500 shares of the basic materials company's stock after purchasing an additional 1,150 shares during the period. Helios Capital Management PTE. Ltd.'s holdings in Linde were worth $1,047,000 at the end of the most recent quarter.

A number of other institutional investors also recently bought and sold shares of the stock. Mather Group LLC. grew its stake in Linde by 4.6% in the 4th quarter. Mather Group LLC. now owns 5,017 shares of the basic materials company's stock valued at $2,100,000 after acquiring an additional 221 shares during the period. Calamos Wealth Management LLC grew its holdings in shares of Linde by 0.3% in the fourth quarter. Calamos Wealth Management LLC now owns 35,038 shares of the basic materials company's stock valued at $14,669,000 after purchasing an additional 107 shares in the last quarter. Patron Partners LLC increased its holdings in Linde by 6.5% during the 4th quarter. Patron Partners LLC now owns 1,682 shares of the basic materials company's stock worth $704,000 after purchasing an additional 103 shares during the period. Trust Point Inc. lifted its position in shares of Linde by 1.9% during the 4th quarter. Trust Point Inc. now owns 3,402 shares of the basic materials company's stock worth $1,424,000 after purchasing an additional 62 shares during the last quarter. Finally, Fourpath Capital Management LLC raised its holdings in Linde by 0.6% during the fourth quarter. Fourpath Capital Management LLC now owns 4,138 shares of the basic materials company's stock worth $1,732,000 after purchasing an additional 24 shares in the last quarter. 82.80% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

LIN has been the topic of several recent research reports. BMO Capital Markets boosted their price target on Linde from $477.00 to $507.00 and gave the company an "outperform" rating in a research report on Friday, November 1st. TD Cowen raised shares of Linde from a "hold" rating to a "buy" rating and boosted their target price for the company from $480.00 to $515.00 in a research note on Monday, January 13th. Deutsche Bank Aktiengesellschaft lifted their price objective on Linde from $510.00 to $515.00 and gave the company a "buy" rating in a research report on Friday, November 1st. Citigroup cut their price target on shares of Linde from $490.00 to $480.00 and set a "neutral" rating on the stock in a research note on Wednesday, December 18th. Finally, Erste Group Bank restated a "hold" rating on shares of Linde in a report on Tuesday, November 19th. Four analysts have rated the stock with a hold rating and nine have issued a buy rating to the stock. According to MarketBeat.com, the company currently has a consensus rating of "Moderate Buy" and an average price target of $501.82.

Linde Stock Down 0.2 %

NASDAQ LIN traded down $1.10 during trading hours on Wednesday, hitting $453.70. 2,696,503 shares of the company traded hands, compared to its average volume of 2,404,924. Linde plc has a twelve month low of $410.69 and a twelve month high of $487.49. The stock has a market capitalization of $216.03 billion, a price-to-earnings ratio of 34.45, a P/E/G ratio of 2.77 and a beta of 0.94. The business's 50-day moving average is $434.48 and its 200-day moving average is $453.44. The company has a debt-to-equity ratio of 0.43, a quick ratio of 0.81 and a current ratio of 0.96.

Insider Activity

In related news, VP Guillermo Bichara sold 4,385 shares of Linde 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 transaction, the vice president now owns 22,776 shares of the company's stock, valued at $10,493,586.48. The trade was a 16.14 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at 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 stock was sold at an average price of $434.35, for a total value of $963,388.30. Following the completion of the transaction, the vice president now owns 25,926 shares in the company, valued at $11,260,958.10. The trade was a 7.88 % decrease in their position. The disclosure for this sale can be found here. 0.60% of the stock is owned by corporate insiders.

Linde 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.