Linde plc (NASDAQ:LIN) Shares Purchased by Bank Pictet & Cie Europe AG

Bank Pictet & Cie Europe AG grew its stake in shares of Linde plc (NASDAQ:LIN) by 1.1% during the third quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 66,584 shares of the basic materials company’s stock after buying an additional 702 shares during the quarter. Bank Pictet & Cie Europe AG’s holdings in Linde were worth $31,751,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors also recently made changes to their positions in the company. Retirement Group LLC bought a new stake in Linde during the first quarter worth approximately $25,000. Summit Securities Group LLC acquired a new position in shares of Linde during the 2nd quarter valued at $28,000. Kozak & Associates Inc. bought a new stake in shares of Linde in the 3rd quarter worth $34,000. Valued Wealth Advisors LLC lifted its holdings in shares of Linde by 49.0% in the first quarter. Valued Wealth Advisors LLC now owns 73 shares of the basic materials company’s stock valued at $34,000 after buying an additional 24 shares during the period. Finally, J.Safra Asset Management Corp bought a new position in Linde during the second quarter valued at about $42,000. 82.80% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

LIN has been the topic of several research reports. BMO Capital Markets reiterated an “outperform” rating and issued a $477.00 price target on shares of Linde in a research report on Friday, August 30th. JPMorgan Chase & Co. raised their target price on shares of Linde from $430.00 to $480.00 and gave the stock an “overweight” rating in a report on Monday, August 5th. Bank of America lifted their price target on shares of Linde from $495.00 to $516.00 and gave the stock a “buy” rating in a research report on Monday, August 5th. Barclays increased their price objective on Linde from $460.00 to $510.00 and gave the company an “overweight” rating in a research report on Monday, August 5th. Finally, UBS Group decreased their target price on Linde from $490.00 to $475.00 and set a “neutral” rating on the stock in a report on Tuesday, July 9th. Six analysts have rated the stock with a hold rating and seven have given a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus price target of $484.18.

Linde Price Performance

LIN opened at $481.95 on Wednesday. The firm has a market capitalization of $230.13 billion, a P/E ratio of 36.68, a PEG ratio of 3.08 and a beta of 0.94. The stock has a fifty day moving average of $471.01 and a 200-day moving average of $450.80. The company has a quick ratio of 0.80, a current ratio of 0.95 and a debt-to-equity ratio of 0.43. Linde plc has a 12-month low of $361.02 and a 12-month high of $487.49.

Linde (NASDAQ:LIN) last announced its quarterly earnings data on Friday, August 2nd. The basic materials company reported $3.85 earnings per share (EPS) for the quarter, topping the consensus estimate of $3.79 by $0.06. Linde had a return on equity of 17.92% and a net margin of 19.49%. The firm had revenue of $8.30 billion during the quarter, compared to the consensus estimate of $8.30 billion. During the same period in the prior year, the business earned $3.57 EPS. The business’s revenue for the quarter was up 1.2% on a year-over-year basis. Equities analysts forecast that Linde plc will post 15.52 EPS for the current fiscal year.

Linde Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Wednesday, September 18th. Investors of record on Wednesday, September 4th were issued a dividend of $1.39 per share. This represents a $5.56 annualized dividend and a dividend yield of 1.15%. The ex-dividend date of this dividend was Wednesday, September 4th. Linde’s dividend payout ratio is currently 42.31%.

Insider Activity at Linde

In other Linde news, VP John Panikar sold 10,025 shares of the stock in a transaction that occurred on Tuesday, September 10th. The shares were sold at an average price of $462.75, for a total value of $4,639,068.75. Following the completion of the sale, the vice president now owns 17,584 shares in the company, valued at $8,136,996. This represents a 0.00 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. 0.60% of the stock is currently owned by 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.