Price T Rowe Associates Inc. MD Acquires 7,159,363 Shares of Linde PLC (NYSE:LIN)

Price T Rowe Associates Inc. MD increased its holdings in Linde PLC (NYSE:LIN) by 252.0% in the 2nd quarter, Holdings Channel reports. The fund owned 10,000,888 shares of the basic materials company’s stock after buying an additional 7,159,363 shares during the quarter. Price T Rowe Associates Inc. MD’s holdings in Linde were worth $2,008,178,000 as of its most recent SEC filing.

Several other institutional investors have also modified their holdings of the stock. BB&T Corp increased its stake in Linde by 30.0% during the 2nd quarter. BB&T Corp now owns 12,789 shares of the basic materials company’s stock valued at $2,568,000 after purchasing an additional 2,952 shares in the last quarter. Charles Schwab Investment Management Inc. increased its stake in Linde by 0.5% during the 2nd quarter. Charles Schwab Investment Management Inc. now owns 2,352,442 shares of the basic materials company’s stock valued at $472,371,000 after purchasing an additional 12,115 shares in the last quarter. Teacher Retirement System of Texas increased its stake in Linde by 19.4% during the 2nd quarter. Teacher Retirement System of Texas now owns 31,046 shares of the basic materials company’s stock valued at $6,234,000 after purchasing an additional 5,053 shares in the last quarter. Rational Advisors LLC increased its stake in Linde by 619.9% during the 2nd quarter. Rational Advisors LLC now owns 1,339 shares of the basic materials company’s stock valued at $269,000 after purchasing an additional 1,153 shares in the last quarter. Finally, Cutter & CO Brokerage Inc. bought a new stake in Linde during the 2nd quarter valued at about $2,634,000. Institutional investors own 73.81% of the company’s stock.

Shares of NYSE LIN traded down $2.50 during trading on Tuesday, reaching $191.02. 49,103 shares of the company traded hands, compared to its average volume of 1,509,197. The firm has a 50 day simple moving average of $189.25 and a 200-day simple moving average of $188.24. The company has a debt-to-equity ratio of 0.23, a quick ratio of 0.85 and a current ratio of 1.02. Linde PLC has a 52-week low of $145.95 and a 52-week high of $206.82.



Linde (NYSE:LIN) last announced its quarterly earnings results on Monday, August 5th. The basic materials company reported $1.83 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.75 by $0.08. The firm had revenue of $7.20 billion for the quarter, compared to the consensus estimate of $7.16 billion. Linde had a net margin of 19.45% and a return on equity of 12.10%. As a group, analysts anticipate that Linde PLC will post 7.13 EPS for the current year.

The business also recently declared a dividend, which was paid on Tuesday, September 17th. Stockholders of record on Tuesday, September 3rd were issued a dividend of $0.875 per share. The ex-dividend date of this dividend was Friday, August 30th.

A number of research firms have weighed in on LIN. KeyCorp raised their price objective on shares of Linde from $205.00 to $220.00 and gave the company an “overweight” rating in a research note on Tuesday, July 9th. DZ Bank restated a “buy” rating on shares of Linde in a research note on Monday, July 22nd. Zacks Investment Research upgraded shares of Linde from a “hold” rating to a “buy” rating and set a $211.00 price objective for the company in a research note on Thursday, August 8th. Deutsche Bank raised their price objective on shares of Linde from $205.00 to $215.00 and gave the company a “buy” rating in a research note on Tuesday, August 6th. Finally, JPMorgan Chase & Co. raised their price objective on shares of Linde from $206.00 to $208.00 and gave the company an “overweight” rating in a research note on Tuesday, August 6th. Three equities research analysts have rated the stock with a sell rating, four have issued a hold rating and thirteen have given a buy rating to the company’s stock. The company has a consensus rating of “Buy” and a consensus target price of $201.83.

In other news, VP Bernd Hugo Eulitz sold 335 shares of the firm’s stock in a transaction dated Thursday, August 15th. The shares were sold at an average price of $186.43, for a total transaction of $62,454.05. The sale was disclosed in a filing with the SEC, which is accessible through this hyperlink. Company insiders own 0.70% of the company’s stock.

About Linde

Linde plc operates as an industrial gas company in primarily North and South America, Europe, the Middle East, Africa, the Asia Pacific, and South Korea. The company offers oxygen, nitrogen, argon, rare gases, carbon monoxide, carbon dioxide, helium, hydrogen, electronic gases, specialty gases, and acetylene.

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Institutional Ownership by Quarter for Linde (NYSE:LIN)

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