Bank Pictet & Cie Europe AG Has $28.66 Million Stock Holdings in Linde plc (NASDAQ:LIN)

Bank Pictet & Cie Europe AG increased its position in shares of Linde plc (NASDAQ:LIN) by 2.8% during the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 68,460 shares of the basic materials company’s stock after buying an additional 1,876 shares during the quarter. Bank Pictet & Cie Europe AG’s holdings in Linde were worth $28,662,000 at the end of the most recent quarter.

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

Insider Buying and Selling at Linde

In other Linde news, VP Guillermo Bichara sold 4,385 shares of the company’s stock in a transaction on 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 in the company, valued at approximately $10,493,586.48. The trade was a 16.14 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, Director Paula Rosput Reynolds bought 100 shares of the company’s stock in a transaction on 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 transaction, the director now directly owns 233 shares in the company, valued at approximately $102,832.22. The trade was a 75.19 % increase in their position. The disclosure for this purchase can be found here. In the last 90 days, insiders sold 9,503 shares of company stock worth $4,306,843. Insiders own 0.60% of the company’s stock.

Analyst Ratings Changes

A number of equities research analysts have weighed in on the company. Deutsche Bank Aktiengesellschaft lifted their price objective on Linde from $510.00 to $515.00 and gave the company 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. BMO Capital Markets lifted their target price on shares of Linde from $477.00 to $507.00 and gave the company an “outperform” rating in a research note on Friday, November 1st. Mizuho lifted their target price on shares of Linde from $520.00 to $530.00 and gave the company an “outperform” rating in a research note on Friday, November 1st. Finally, Erste Group Bank reiterated a “hold” rating on shares of Linde in a research note 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 MarketBeat, Linde has a consensus rating of “Moderate Buy” and a consensus target price of $501.82.

Linde Stock Performance

LIN stock opened at $457.00 on Friday. The company has a debt-to-equity ratio of 0.39, a current ratio of 0.89 and a quick ratio of 0.81. The company has a 50 day moving average price of $434.67 and a 200 day moving average price of $453.94. Linde plc has a fifty-two week low of $410.69 and a fifty-two week high of $487.49. The stock has a market capitalization of $217.61 billion, a PE ratio of 33.58, a price-to-earnings-growth ratio of 2.89 and a beta of 0.94.

Linde (NASDAQ:LIN) last posted its quarterly earnings data 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%. Analysts forecast that Linde plc will post 16.55 EPS for the current year.

Linde Company 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.