Linde plc (NASDAQ:LIN) Shares Sold by Mutual of America Capital Management LLC

Mutual of America Capital Management LLC decreased its position in shares of Linde plc (NASDAQ:LIN) by 4.6% during the 2nd quarter, HoldingsChannel reports. The fund owned 60,625 shares of the basic materials company’s stock after selling 2,950 shares during the quarter. Mutual of America Capital Management LLC’s holdings in Linde were worth $26,603,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also recently bought and sold shares of LIN. D.A. Davidson & CO. raised its holdings in Linde by 0.7% in the 4th quarter. D.A. Davidson & CO. now owns 25,511 shares of the basic materials company’s stock valued at $10,478,000 after buying an additional 167 shares during the period. L.M. Kohn & Company increased its stake in Linde by 61.2% during the fourth quarter. L.M. Kohn & Company now owns 1,096 shares of the basic materials company’s stock worth $450,000 after purchasing an additional 416 shares during the period. Assetmark Inc. increased its stake in Linde by 25.1% during the fourth quarter. Assetmark Inc. now owns 25,844 shares of the basic materials company’s stock worth $10,615,000 after purchasing an additional 5,182 shares during the period. Bard Financial Services Inc. increased its stake in Linde by 26.4% during the fourth quarter. Bard Financial Services Inc. now owns 790 shares of the basic materials company’s stock worth $324,000 after purchasing an additional 165 shares during the period. Finally, Journey Strategic Wealth LLC purchased a new stake in Linde during the fourth quarter worth about $311,000. 82.80% of the stock is currently owned by hedge funds and other institutional investors.

Insiders Place Their Bets

In other Linde news, VP John Panikar sold 10,025 shares of the stock in a transaction on Tuesday, September 10th. The stock was sold at an average price of $462.75, for a total value of $4,639,068.75. Following the completion of the transaction, the vice president now owns 17,584 shares in the company, valued at $8,136,996. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. 0.70% of the stock is currently owned by company insiders.

Analyst Ratings Changes

A number of brokerages have issued reports on LIN. BMO Capital Markets reiterated an “outperform” rating and set a $477.00 price target on shares of Linde in a research note on Friday, August 30th. Citigroup boosted their price target on shares of Linde from $470.00 to $480.00 and gave the stock a “neutral” rating in a research note on Friday, July 12th. Bank of America boosted their price target on shares of Linde from $495.00 to $516.00 and gave the stock a “buy” rating in a research note on Monday, August 5th. Barclays boosted their price target on shares of Linde from $460.00 to $510.00 and gave the stock an “overweight” rating in a research note on Monday, August 5th. Finally, UBS Group cut their target price on shares of Linde from $490.00 to $475.00 and set a “neutral” rating on the stock in a research note on Tuesday, July 9th. Six analysts have rated the stock with a hold rating and seven have given a buy rating to the company. According to MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $484.18.

Linde Price Performance

Linde stock opened at $471.66 on Wednesday. Linde plc has a 12 month low of $361.02 and a 12 month high of $479.79. The company has a debt-to-equity ratio of 0.43, a current ratio of 0.95 and a quick ratio of 0.80. The business has a 50 day simple moving average of $456.12 and a 200-day simple moving average of $449.00. The stock has a market capitalization of $226.72 billion, a PE ratio of 36.59, a price-to-earnings-growth ratio of 2.93 and a beta of 0.94.

Linde (NASDAQ:LIN) last released 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. The firm had revenue of $8.30 billion during the quarter, compared to analysts’ expectations of $8.30 billion. Linde had a return on equity of 17.92% and a net margin of 19.49%. Linde’s revenue was up 1.2% compared to the same quarter last year. During the same quarter in the prior year, the business posted $3.57 earnings per share. Equities analysts predict that Linde plc will post 15.54 earnings per share for the current year.

Linde Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, September 18th. Shareholders of record on Wednesday, September 4th will be given a $1.39 dividend. This represents a $5.56 annualized dividend and a yield of 1.18%. The ex-dividend date of this dividend is Wednesday, September 4th. Linde’s payout ratio is 43.13%.

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.