River & Mercantile Asset Management LLP Buys New Holdings in Linde PLC (NYSE:LIN)

River & Mercantile Asset Management LLP bought a new stake in Linde PLC (NYSE:LIN) in the second quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund bought 920 shares of the basic materials company’s stock, valued at approximately $185,000.

A number of other institutional investors have also recently modified their holdings of LIN. Price T Rowe Associates Inc. MD increased its holdings in Linde by 252.0% during the 2nd quarter. Price T Rowe Associates Inc. MD now owns 10,000,888 shares of the basic materials company’s stock worth $2,008,178,000 after purchasing an additional 7,159,363 shares in the last quarter. FMR LLC increased its holdings in Linde by 4.6% during the 1st quarter. FMR LLC now owns 8,219,013 shares of the basic materials company’s stock worth $1,440,632,000 after purchasing an additional 364,348 shares in the last quarter. Amundi Pioneer Asset Management Inc. increased its holdings in Linde by 41.2% during the 2nd quarter. Amundi Pioneer Asset Management Inc. now owns 6,929,763 shares of the basic materials company’s stock worth $1,391,497,000 after purchasing an additional 2,022,326 shares in the last quarter. Nuveen Asset Management LLC increased its holdings in Linde by 4,412.8% during the 2nd quarter. Nuveen Asset Management LLC now owns 6,687,706 shares of the basic materials company’s stock worth $1,342,890,000 after purchasing an additional 6,539,513 shares in the last quarter. Finally, Northern Trust Corp increased its holdings in Linde by 1.1% during the 2nd quarter. Northern Trust Corp now owns 6,407,044 shares of the basic materials company’s stock worth $1,286,535,000 after purchasing an additional 71,203 shares in the last quarter. 73.81% of the stock is owned by institutional investors and hedge funds.

In related news, VP Bernd Hugo Eulitz sold 335 shares of the company’s stock in a transaction that occurred on Thursday, August 15th. The stock was sold at an average price of $186.43, for a total value of $62,454.05. The transaction was disclosed in a filing with the SEC, which is available at this hyperlink. 0.70% of the stock is currently owned by corporate insiders.

Shares of NYSE LIN opened at $194.25 on Friday. Linde PLC has a twelve month low of $145.95 and a twelve month high of $206.82. The stock’s 50 day moving average price is $189.04 and its 200-day moving average price is $189.75. 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 (NYSE:LIN) last announced its earnings results on Monday, August 5th. The basic materials company reported $1.83 earnings per share for the quarter, topping analysts’ consensus estimates of $1.75 by $0.08. Linde had a return on equity of 12.10% and a net margin of 19.45%. The firm had revenue of $7.20 billion for the quarter, compared to the consensus estimate of $7.16 billion. As a group, research analysts anticipate that Linde PLC will post 7.13 EPS for the current fiscal year.

The company also recently disclosed a dividend, which was paid on Tuesday, September 17th. Investors of record on Tuesday, September 3rd were paid a $0.875 dividend. The ex-dividend date was Friday, August 30th.

A number of brokerages have commented on LIN. JPMorgan Chase & Co. boosted their price objective on Linde from $206.00 to $208.00 and gave the stock an “overweight” rating in a report on Tuesday, August 6th. Sanford C. Bernstein reissued a “sell” rating on shares of Linde in a report on Thursday, July 18th. Bank of America boosted their price objective on Linde from $180.00 to $184.00 and gave the stock an “underperform” rating in a report on Tuesday, August 6th. Jefferies Financial Group reissued a “buy” rating on shares of Linde in a report on Friday, June 21st. Finally, KeyCorp boosted their target price on Linde from $205.00 to $220.00 and gave the stock an “overweight” rating in a research note on Tuesday, July 9th. Three equities research analysts have rated the stock with a sell rating, four have issued a hold rating and thirteen have issued a buy rating to the stock. The stock presently has a consensus rating of “Buy” and a consensus price target of $201.83.

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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