Banque Pictet & Cie SA Has $45.06 Million Holdings in Linde plc (NASDAQ:LIN)

Banque Pictet & Cie SA cut its holdings in Linde plc (NASDAQ:LINFree Report) by 7.4% during the 4th quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 107,622 shares of the basic materials company’s stock after selling 8,577 shares during the quarter. Banque Pictet & Cie SA’s holdings in Linde were worth $45,058,000 at the end of the most recent reporting period.

Other large investors have also bought and sold shares of the company. Synergy Asset Management LLC acquired a new stake in Linde in the fourth quarter valued at about $25,000. Strategic Financial Concepts LLC acquired a new stake in Linde in the fourth quarter valued at about $28,000. Global Wealth Strategies & Associates boosted its stake in 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 buying an additional 42 shares in the last quarter. Kozak & Associates Inc. acquired a new stake in Linde in the third quarter valued at about $34,000. Finally, Retirement Wealth Solutions LLC acquired a new stake in shares of Linde during the fourth quarter valued at about $34,000. 82.80% of the stock is owned by institutional investors and hedge funds.

Linde Stock Up 0.5 %

LIN stock opened at $461.05 on Friday. The stock’s fifty day simple moving average is $434.42 and its two-hundred day simple moving average is $453.89. The company has a current ratio of 0.89, a quick ratio of 0.81 and a debt-to-equity ratio of 0.39. Linde plc has a 1-year low of $410.69 and a 1-year high of $487.49. The stock has a market cap of $219.53 billion, a P/E ratio of 33.88, a P/E/G ratio of 2.89 and a beta of 0.94.

Linde (NASDAQ:LINGet Free Report) last issued its quarterly earnings results on Thursday, February 6th. The basic materials company reported $3.97 EPS for the quarter, beating analysts’ consensus estimates of $3.93 by $0.04. Linde had a return on equity of 18.71% and a net margin of 19.89%. Analysts expect that Linde plc will post 16.55 EPS for the current year.

Analysts Set New Price Targets

A number of brokerages have recently commented on LIN. BMO Capital Markets lifted their price target on Linde from $477.00 to $507.00 and gave the company an “outperform” rating in a research note on Friday, November 1st. TD Cowen raised Linde from a “hold” rating to a “buy” rating and lifted their price target for the company from $480.00 to $515.00 in a research note on Monday, January 13th. Erste Group Bank reissued a “hold” rating on shares of Linde in a research note on Tuesday, November 19th. Deutsche Bank Aktiengesellschaft lifted their price target on Linde from $510.00 to $515.00 and gave the company a “buy” rating in a research note on Friday, November 1st. Finally, Mizuho lifted their price target on Linde from $520.00 to $530.00 and gave the company an “outperform” rating in a research note on Friday, November 1st. Four equities research analysts have rated the stock with a hold rating and nine have assigned a buy rating to the company. According to MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $501.82.

Get Our Latest Research Report on Linde

Insider Activity at Linde

In other Linde news, Director Robert L. Wood sold 2,900 shares of the company’s stock in a transaction dated Monday, February 10th. The stock was sold at an average price of $456.26, for a total value of $1,323,154.00. Following the transaction, the director now directly owns 14,013 shares in the company, valued at $6,393,571.38. This represents a 17.15 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, VP Guillermo Bichara sold 4,385 shares of the company’s stock in a transaction dated Wednesday, December 4th. The stock was sold at an average price of $460.73, for a total value 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 represents a 16.14 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last three months, insiders have sold 9,503 shares of company stock worth $4,306,843. 0.60% of the stock is owned by company insiders.

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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Institutional Ownership by Quarter for Linde (NASDAQ:LIN)

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