Helios Capital Management PTE. Ltd. Has $1.05 Million Stock Holdings in Linde plc (NASDAQ:LIN)

Helios Capital Management PTE. Ltd. increased its position in shares of Linde plc (NASDAQ:LIN) by 85.2% during the fourth quarter, Holdings Channel reports. The institutional investor owned 2,500 shares of the basic materials company’s stock after purchasing an additional 1,150 shares during the quarter. Helios Capital Management PTE. Ltd.’s holdings in Linde were worth $1,047,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors have also added to or reduced their stakes in the company. Synergy Asset Management LLC bought a new position in Linde during the fourth quarter worth about $25,000. Global Wealth Strategies & Associates lifted its stake in Linde by 144.8% during the fourth quarter. Global Wealth Strategies & Associates now owns 71 shares of the basic materials company’s stock worth $30,000 after purchasing an additional 42 shares during the period. Kozak & Associates Inc. bought a new position in Linde during the third quarter worth about $34,000. Retirement Wealth Solutions LLC bought a new position in Linde during the fourth quarter worth about $34,000. Finally, Hanson & Doremus Investment Management lifted its stake in Linde by 34.2% during the fourth quarter. Hanson & Doremus Investment Management now owns 98 shares of the basic materials company’s stock worth $41,000 after purchasing an additional 25 shares during the period. 82.80% of the stock is owned by institutional investors and hedge funds.

Insiders Place Their Bets

In other Linde news, VP David P. Strauss sold 2,218 shares of Linde stock in a transaction 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 of the company’s stock, valued at approximately $11,260,958.10. The trade was a 7.88 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, VP Guillermo Bichara sold 4,385 shares of Linde stock in a transaction on Wednesday, December 4th. The stock was sold at an average price of $460.73, for a total transaction of $2,020,301.05. Following the sale, the vice president now directly owns 22,776 shares of the company’s stock, valued at $10,493,586.48. This represents a 16.14 % decrease in their position. The disclosure for this sale can be found here. Company insiders own 0.60% of the company’s stock.

Analyst Ratings Changes

A number of research analysts have recently issued reports on LIN shares. 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. 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 note on Wednesday, December 18th. 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. Deutsche Bank Aktiengesellschaft lifted their target price on shares of Linde from $510.00 to $515.00 and gave the company a “buy” rating in a research note on Friday, November 1st. Finally, 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. Four analysts have rated the stock with a hold rating and nine have issued a buy rating to the company’s stock. According to MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $501.82.

Linde Stock Performance

LIN stock opened at $454.80 on Wednesday. The company has a 50 day moving average price of $434.51 and a 200 day moving average price of $453.37. The company has a debt-to-equity ratio of 0.43, a current ratio of 0.96 and a quick ratio of 0.81. Linde plc has a fifty-two week low of $396.07 and a fifty-two week high of $487.49. The stock has a market capitalization of $216.56 billion, a PE ratio of 34.53, a price-to-earnings-growth ratio of 2.77 and a beta of 0.94.

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.