Linde plc (NASDAQ:LIN) Shares Bought by Helios Capital Management PTE. Ltd.

Helios Capital Management PTE. Ltd. lifted its holdings in Linde plc (NASDAQ:LIN) by 85.2% during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). 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 reporting period.

Several other hedge funds also recently made changes to their positions in LIN. Channel Wealth LLC raised its stake in Linde by 30.4% during the 4th 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 during the period. Nordea Investment Management AB grew its holdings in shares of 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 buying an additional 46,843 shares in the last quarter. M&T Bank Corp raised its position 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 buying an additional 5,021 shares during the period. Townsquare Capital LLC lifted its stake in Linde by 16.8% in the 3rd quarter. Townsquare Capital LLC now owns 9,604 shares of the basic materials company’s stock worth $4,580,000 after acquiring an additional 1,383 shares in the last quarter. Finally, Sumitomo Mitsui DS Asset Management Company Ltd boosted its position in Linde by 4.4% during the 3rd quarter. Sumitomo Mitsui DS Asset Management Company Ltd now owns 54,975 shares of the basic materials company’s stock worth $26,215,000 after acquiring an additional 2,312 shares during the period. Institutional investors and hedge funds own 82.80% of the company’s stock.

Wall Street Analysts Forecast Growth

LIN has been the topic of a number of research reports. TD Cowen upgraded Linde from a “hold” rating to a “buy” rating and upped their target price for the company from $480.00 to $515.00 in a report on Monday, January 13th. Deutsche Bank Aktiengesellschaft increased their target price on shares of Linde from $510.00 to $515.00 and gave the stock a “buy” rating in a research report on Friday, November 1st. 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 upped their price target 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. Finally, Citigroup reduced their price objective on Linde from $490.00 to $480.00 and set a “neutral” rating for the company in a research report on Wednesday, December 18th. Four 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, Linde has a consensus rating of “Moderate Buy” and a consensus target price of $501.82.

Insiders Place Their Bets

In other news, VP David P. Strauss sold 2,218 shares of the firm’s stock in a transaction dated Monday, December 16th. The stock was sold at an average price of $434.35, for a total value of $963,388.30. Following the sale, the vice president now directly owns 25,926 shares of the company’s stock, valued at approximately $11,260,958.10. This trade represents a 7.88 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, VP Guillermo Bichara sold 4,385 shares of the firm’s stock in a transaction dated Wednesday, December 4th. The shares were sold at an average price of $460.73, for a total value of $2,020,301.05. Following the completion of the sale, the vice president now directly owns 22,776 shares in the company, valued at approximately $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. Company insiders own 0.60% of the company’s stock.

Linde Trading Up 0.1 %

Linde stock opened at $454.80 on Wednesday. The company has a debt-to-equity ratio of 0.43, a current ratio of 0.96 and a quick ratio of 0.81. The company has a market capitalization of $216.56 billion, a price-to-earnings ratio of 34.53, a PEG ratio of 2.77 and a beta of 0.94. Linde plc has a one year low of $396.07 and a one year high of $487.49. The company’s fifty day moving average price is $434.51 and its two-hundred day moving average price is $453.37.

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.