Mn Services Vermogensbeheer B.V. decreased its position in Linde PLC (NYSE:LIN) by 6.9% in the second quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 283,193 shares of the basic materials company’s stock after selling 20,900 shares during the quarter. Linde makes up 0.7% of Mn Services Vermogensbeheer B.V.’s portfolio, making the stock its 28th biggest position. Mn Services Vermogensbeheer B.V. owned approximately 0.05% of Linde worth $56,865,000 at the end of the most recent quarter.
Other institutional investors and hedge funds have also recently bought and sold shares of the company. Comerica Securities Inc. acquired a new position in shares of Linde during the fourth quarter worth approximately $309,000. Dimensional Fund Advisors LP acquired a new position in shares of Linde during the fourth quarter worth approximately $126,732,000. Geode Capital Management LLC acquired a new position in shares of Linde during the fourth quarter worth approximately $997,692,000. Two Sigma Advisers LP acquired a new position in shares of Linde during the fourth quarter worth approximately $263,000. Finally, Macquarie Group Ltd. acquired a new position in shares of Linde during the fourth quarter worth approximately $2,024,000. Institutional investors and hedge funds own 73.08% of the company’s stock.
In other news, VP Christian Bruch bought 1,474 shares of the stock in a transaction on Wednesday, May 15th. The stock was purchased at an average price of $179.21 per share, with a total value of $264,155.54. The purchase was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, VP Eduardo F. Menezes sold 19,056 shares of the company’s stock in a transaction that occurred on Friday, May 17th. The shares were sold at an average price of $188.23, for a total transaction of $3,586,910.88. The disclosure for this sale can be found here. 0.70% of the stock is currently owned by corporate insiders.
LIN opened at $187.71 on Monday. The company has a debt-to-equity ratio of 0.22, a quick ratio of 1.20 and a current ratio of 1.35. The company has a market capitalization of $102.29 billion, a P/E ratio of 29.38, a price-to-earnings-growth ratio of 2.02 and a beta of 0.76. The business’s 50 day simple moving average is $201.55. Linde PLC has a fifty-two week low of $145.95 and a fifty-two week high of $206.82.
Linde (NYSE:LIN) last issued its earnings results on Friday, May 10th. The basic materials company reported $1.69 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $1.54 by $0.15. Linde had a net margin of 23.52% and a return on equity of 14.95%. The firm had revenue of $6.94 billion during the quarter, compared to the consensus estimate of $7.03 billion. As a group, equities analysts anticipate that Linde PLC will post 6.95 earnings per share for the current fiscal year.
A number of equities analysts have recently issued reports on LIN shares. UBS Group reiterated a “buy” rating on shares of Linde in a research report on Friday, July 12th. BMO Capital Markets raised shares of Linde from a “market perform” rating to an “outperform” rating and set a $210.00 price target for the company in a research note on Monday, May 13th. Jefferies Financial Group reissued a “buy” rating on shares of Linde in a research note on Friday, June 21st. Zacks Investment Research raised shares of Linde from a “sell” rating to a “hold” rating in a research note on Wednesday, May 15th. Finally, DZ Bank reissued a “buy” rating on shares of Linde in a research note on Monday, July 22nd. One research analyst has rated the stock with a sell rating, six have assigned a hold rating and twelve have given a buy rating to the company. Linde presently has a consensus rating of “Buy” and a consensus target price of $201.01.
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.
See Also: What is systematic risk?
Receive News & Ratings for Linde Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Linde and related companies with MarketBeat.com's FREE daily email newsletter.