Pelham Capital Ltd. Raises Holdings in Linde plc (NASDAQ:LIN)

Pelham Capital Ltd. raised its stake in shares of Linde plc (NASDAQ:LIN) by 4.4% in the fourth quarter, Holdings Channel reports. The institutional investor owned 40,707 shares of the basic materials company’s stock after buying an additional 1,726 shares during the quarter. Linde accounts for about 10.0% of Pelham Capital Ltd.’s holdings, making the stock its 3rd biggest position. Pelham Capital Ltd.’s holdings in Linde were worth $17,043,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds have also added to or reduced their stakes in LIN. Helios Capital Management PTE. Ltd. lifted its position in Linde by 85.2% in the 4th quarter. Helios Capital Management PTE. Ltd. now owns 2,500 shares of the basic materials company’s stock valued at $1,047,000 after acquiring an additional 1,150 shares in the last quarter. Channel Wealth LLC lifted its holdings in shares of 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 lifted 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 purchasing an additional 46,843 shares in the last quarter. M&T Bank Corp boosted its position in shares of 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 last quarter. Finally, SYM FINANCIAL Corp purchased a new position in Linde in the 4th quarter worth about $625,000. 82.80% of the stock is owned by institutional investors.

Insider Activity

In other Linde news, VP Guillermo Bichara sold 4,385 shares of the business’s stock in a transaction on 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 sale, the vice president now owns 22,776 shares in the company, valued at $10,493,586.48. The trade was a 16.14 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, Director Paula Rosput Reynolds acquired 100 shares of the company’s stock in a transaction on Thursday, December 12th. The shares were bought at an average cost of $441.34 per share, with a total value of $44,134.00. Following the acquisition, 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 ownership of the stock. The disclosure for this purchase can be found here. Company insiders own 0.60% of the company’s stock.

Analyst Ratings Changes

LIN has been the topic of a number of recent analyst reports. Mizuho raised their price target on shares of Linde from $520.00 to $530.00 and gave the company an “outperform” rating in a report on Friday, November 1st. Citigroup cut their target price on shares of Linde from $490.00 to $480.00 and set a “neutral” rating for the company in a research report on Wednesday, December 18th. Erste Group Bank reissued a “hold” rating on shares of Linde in a report on Tuesday, November 19th. BMO Capital Markets lifted their price objective on Linde from $477.00 to $507.00 and gave the stock an “outperform” rating in a report on Friday, November 1st. Finally, TD Cowen raised Linde from a “hold” rating to a “buy” rating and increased their target price for the company from $480.00 to $515.00 in a report on Monday, January 13th. Four equities research analysts have rated the stock with a hold rating and nine have issued a buy rating to the company’s stock. According to data from MarketBeat.com, Linde has an average rating of “Moderate Buy” and a consensus target price of $501.82.

Linde Trading Down 1.2 %

Shares of NASDAQ:LIN opened at $455.05 on Friday. Linde plc has a 12-month low of $410.69 and a 12-month high of $487.49. The company has a market cap of $216.68 billion, a PE ratio of 33.43, a price-to-earnings-growth ratio of 2.89 and a beta of 0.94. The stock has a 50 day moving average of $434.36 and a 200 day moving average of $453.55. 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 (NASDAQ:LIN) last announced its quarterly earnings data on Thursday, February 6th. The basic materials company reported $3.97 EPS 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%. As a group, equities research analysts expect that Linde plc will post 16.55 EPS for the current year.

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.