Linde plc (NASDAQ:LIN) is Compagnie Lombard Odier SCmA’s 8th Largest Position

Compagnie Lombard Odier SCmA boosted its position in shares of Linde plc (NASDAQ:LIN) by 1.4% during the 4th quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 508,546 shares of the basic materials company’s stock after purchasing an additional 7,266 shares during the period. Linde accounts for 3.1% of Compagnie Lombard Odier SCmA’s investment portfolio, making the stock its 8th biggest holding. Compagnie Lombard Odier SCmA owned 0.11% of Linde worth $212,913,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in LIN. Helios Capital Management PTE. Ltd. lifted its position in shares of Linde by 85.2% in the fourth quarter. Helios Capital Management PTE. Ltd. now owns 2,500 shares of the basic materials company’s stock worth $1,047,000 after purchasing an additional 1,150 shares in the last quarter. Channel Wealth LLC lifted its position in Linde by 30.4% in the 4th quarter. Channel Wealth LLC now owns 7,385 shares of the basic materials company’s stock worth $3,092,000 after buying an additional 1,723 shares in the last quarter. Nordea Investment Management AB boosted its stake in shares of Linde by 2.2% during the 4th quarter. Nordea Investment Management AB now owns 2,145,643 shares of the basic materials company’s stock valued at $898,188,000 after buying an additional 46,843 shares during the period. M&T Bank Corp grew its holdings in shares of Linde by 6.7% during the 3rd quarter. M&T Bank Corp now owns 79,472 shares of the basic materials company’s stock valued at $37,898,000 after acquiring an additional 5,021 shares in the last quarter. Finally, SYM FINANCIAL Corp purchased a new position in shares of Linde during the 4th quarter valued at $625,000. 82.80% of the stock is currently owned by hedge funds and other institutional investors.

Linde Price Performance

Shares of Linde stock opened at $461.05 on Friday. The company has a current ratio of 0.89, a quick ratio of 0.81 and a debt-to-equity ratio of 0.39. The firm has a fifty day simple moving average of $434.42 and a 200-day simple moving average of $453.89. The stock has a market capitalization of $219.53 billion, a price-to-earnings ratio of 33.88, a PEG ratio of 2.89 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) last released its earnings results on Thursday, February 6th. The basic materials company reported $3.97 earnings per share for the quarter, topping analysts’ consensus estimates of $3.93 by $0.04. Linde had a net margin of 19.89% and a return on equity of 18.71%. On average, sell-side analysts expect that Linde plc will post 16.55 earnings per share for the current year.

Analyst Ratings Changes

A number of analysts recently issued reports on LIN shares. BMO Capital Markets lifted their price objective on Linde from $477.00 to $507.00 and gave the company an “outperform” rating in a research report on Friday, November 1st. Citigroup reduced their price target on Linde from $490.00 to $480.00 and set a “neutral” rating for the company in a report on Wednesday, December 18th. Deutsche Bank Aktiengesellschaft increased their price objective on Linde from $510.00 to $515.00 and gave the stock a “buy” rating in a report on Friday, November 1st. TD Cowen upgraded shares of Linde from a “hold” rating to a “buy” rating and lifted their target price for the company from $480.00 to $515.00 in a research note on Monday, January 13th. Finally, Erste Group Bank reissued a “hold” rating on shares of Linde in a research report on Tuesday, November 19th. Four equities research analysts have rated the stock with a hold rating and nine have assigned a buy rating to the stock. According to data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus target price of $501.82.

Insider Activity at Linde

In related news, Director Paula Rosput Reynolds acquired 100 shares of the company’s stock in a transaction dated Thursday, December 12th. The shares were bought at an average price of $441.34 per share, for a total transaction of $44,134.00. Following the acquisition, the director now owns 233 shares in the company, valued at $102,832.22. This trade represents a 75.19 % increase in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, VP Guillermo Bichara sold 4,385 shares of the stock in a transaction dated 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 completion of the sale, the vice president now 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 disclosure for this sale can be found here. Insiders sold a total of 9,503 shares of company stock worth $4,306,843 in the last 90 days. 0.60% of the stock is owned by company 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.