Linde PLC (NASDAQ:LIN) Holdings Trimmed by Lbp Am Sa

Lbp Am Sa trimmed its position in shares of Linde PLC (NASDAQ:LIN - Free Report) by 4.0% during the 2nd quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 363,962 shares of the basic materials company's stock after selling 15,285 shares during the period. Linde accounts for 2.4% of Lbp Am Sa's investment portfolio, making the stock its 8th biggest holding. Lbp Am Sa owned 0.08% of Linde worth $170,764,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Generali Investments CEE investicni spolecnost a.s. grew its position in Linde by 10.1% during the 2nd quarter. Generali Investments CEE investicni spolecnost a.s. now owns 1,892 shares of the basic materials company's stock worth $888,000 after purchasing an additional 173 shares in the last quarter. PGGM Investments grew its holdings in shares of Linde by 104.1% during the 2nd quarter. PGGM Investments now owns 304,112 shares of the basic materials company's stock valued at $142,683,000 after acquiring an additional 155,100 shares in the last quarter. Emerald Advisors LLC grew its holdings in shares of Linde by 12.6% during the 2nd quarter. Emerald Advisors LLC now owns 726 shares of the basic materials company's stock valued at $341,000 after acquiring an additional 81 shares in the last quarter. Park Place Capital Corp grew its holdings in shares of Linde by 11.7% during the 2nd quarter. Park Place Capital Corp now owns 1,646 shares of the basic materials company's stock valued at $785,000 after acquiring an additional 173 shares in the last quarter. Finally, G&S Capital LLC grew its holdings in shares of Linde by 96.2% during the 2nd quarter. G&S Capital LLC now owns 5,320 shares of the basic materials company's stock valued at $2,496,000 after acquiring an additional 2,609 shares in the last quarter. 82.80% of the stock is currently owned by hedge funds and other institutional investors.

Insiders Place Their Bets

In other news, VP David P. Strauss sold 1,987 shares of Linde stock in a transaction dated Friday, May 16th. The shares were sold at an average price of $457.04, for a total value of $908,138.48. Following the completion of the transaction, the vice president owned 22,639 shares of the company's stock, valued at $10,346,928.56. This trade represents a 8.07% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available at this link. Also, VP Sean Durbin sold 7,261 shares of Linde stock in a transaction dated Thursday, May 22nd. The shares were sold at an average price of $456.42, for a total transaction of $3,314,065.62. Following the completion of the transaction, the vice president directly owned 8,151 shares of the company's stock, valued at approximately $3,720,279.42. This trade represents a 47.11% decrease in their position. The disclosure for this sale can be found here. 0.70% of the stock is currently owned by company insiders.

Linde Price Performance

Shares of LIN traded up $1.24 during mid-day trading on Tuesday, hitting $471.67. 629,370 shares of the company traded hands, compared to its average volume of 2,157,622. Linde PLC has a one year low of $408.65 and a one year high of $487.49. The company has a current ratio of 0.94, a quick ratio of 0.80 and a debt-to-equity ratio of 0.45. The business has a 50-day moving average of $464.65 and a 200 day moving average of $454.60. The stock has a market capitalization of $222.02 billion, a price-to-earnings ratio of 34.25, a PEG ratio of 3.28 and a beta of 0.96.

Linde (NASDAQ:LIN - Get Free Report) last announced its quarterly earnings data on Thursday, May 1st. The basic materials company reported $3.95 earnings per share for the quarter, beating the consensus estimate of $3.92 by $0.03. The business had revenue of $8.11 billion for the quarter, compared to analyst estimates of $8.24 billion. Linde had a net margin of 20.02% and a return on equity of 18.95%. Linde's revenue was up .1% compared to the same quarter last year. During the same period in the prior year, the business posted $3.75 earnings per share. As a group, equities analysts expect that Linde PLC will post 16.54 earnings per share for the current fiscal year.

Linde Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, June 18th. Investors of record on Wednesday, June 4th were issued a dividend of $1.50 per share. The ex-dividend date of this dividend was Wednesday, June 4th. This represents a $6.00 dividend on an annualized basis and a dividend yield of 1.27%. Linde's payout ratio is 43.57%.

Wall Street Analysts Forecast Growth

LIN has been the subject of a number of recent research reports. UBS Group upped their price objective on shares of Linde from $485.00 to $504.00 and gave the stock a "neutral" rating in a report on Wednesday, July 9th. Sanford C. Bernstein upgraded shares of Linde to a "strong-buy" rating in a report on Thursday, April 3rd. Citigroup upgraded shares of Linde from a "neutral" rating to a "buy" rating and upped their price objective for the stock from $500.00 to $535.00 in a report on Monday, June 30th. Argus upgraded shares of Linde to a "strong-buy" rating in a report on Tuesday, April 8th. Finally, Royal Bank Of Canada initiated coverage on shares of Linde in a report on Friday, June 13th. They issued an "outperform" rating and a $576.00 price objective for the company. Two analysts have rated the stock with a hold rating, nine have given a buy rating and two have given a strong buy rating to the company. According to data from MarketBeat, Linde presently has an average rating of "Buy" and a consensus target price of $518.80.

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.

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