Compagnie Lombard Odier SCmA Increases Stock Position in Linde plc (NASDAQ:LIN)

Compagnie Lombard Odier SCmA lifted its holdings in shares of Linde plc (NASDAQ:LIN) by 1.4% in the fourth quarter, according to its most recent filing with the SEC. The firm owned 508,546 shares of the basic materials company’s stock after acquiring an additional 7,266 shares during the period. Linde makes up about 3.1% of Compagnie Lombard Odier SCmA’s investment portfolio, making the stock its 8th biggest position. Compagnie Lombard Odier SCmA’s holdings in Linde were worth $212,913,000 at the end of the most recent quarter.

Several other institutional investors have also made changes to their positions in the business. Arcus Capital Partners LLC acquired a new stake in Linde in the 4th quarter valued at $883,000. Figure 8 Investment Strategies LLC bought a new position in shares of Linde during the fourth quarter valued at $2,456,000. Avestar Capital LLC grew its holdings in shares of Linde by 10.3% in the 4th quarter. Avestar Capital LLC now owns 4,432 shares of the basic materials company’s stock worth $1,856,000 after purchasing an additional 414 shares during the last quarter. Hemington Wealth Management increased its position in shares of Linde by 24.1% during the 4th quarter. Hemington Wealth Management now owns 139 shares of the basic materials company’s stock worth $58,000 after purchasing an additional 27 shares in the last quarter. Finally, Van ECK Associates Corp lifted its holdings in Linde by 740.9% during the 4th quarter. Van ECK Associates Corp now owns 94,125 shares of the basic materials company’s stock valued at $39,407,000 after purchasing an additional 82,931 shares during the last quarter. 82.80% of the stock is currently owned by institutional investors and hedge funds.

Linde Stock Performance

Linde stock opened at $461.05 on Friday. The company has a market cap of $219.53 billion, a PE ratio of 33.88, a PEG ratio of 2.89 and a beta of 0.94. 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 company’s 50-day moving average is $434.42 and its two-hundred day moving average is $453.89.

Linde (NASDAQ:LIN) last announced its quarterly earnings data on Thursday, February 6th. The basic materials company reported $3.97 earnings per share for the quarter, beating 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%. Equities analysts anticipate that Linde plc will post 16.55 earnings per share for the current year.

Insider Transactions at Linde

In other 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 completion of the sale, the director now directly owns 14,013 shares of the company’s stock, 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 SEC, which is available through this hyperlink. Also, VP David P. Strauss sold 2,218 shares of the stock in a transaction that occurred on Monday, December 16th. The shares were sold at an average price of $434.35, for a total transaction of $963,388.30. Following the completion of the sale, the vice president now owns 25,926 shares in the company, valued at $11,260,958.10. This represents a 7.88 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 9,503 shares of company stock worth $4,306,843 in the last three months. Insiders own 0.60% of the company’s stock.

Analyst Ratings Changes

Several analysts have weighed in on the stock. Mizuho upped their price objective on shares of Linde from $520.00 to $530.00 and gave the stock an “outperform” rating in a research note on Friday, November 1st. Citigroup decreased their price target on Linde from $490.00 to $480.00 and set a “neutral” rating on the stock in a research report on Wednesday, December 18th. 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. TD Cowen upgraded Linde from a “hold” rating to a “buy” rating and increased their target price for the stock from $480.00 to $515.00 in a report on Monday, January 13th. Finally, Erste Group Bank reiterated a “hold” rating on shares of Linde in a research report on Tuesday, November 19th. Four research analysts have rated the stock with a hold rating and nine have issued a buy rating to the company. According to MarketBeat, Linde currently has an average rating of “Moderate Buy” and a consensus price target of $501.82.

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.