Mutual of America Capital Management LLC Sells 3,389 Shares of Linde plc (NASDAQ:LIN)

Mutual of America Capital Management LLC lessened its position in Linde plc (NASDAQ:LIN) by 5.0% during the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 64,909 shares of the basic materials company’s stock after selling 3,389 shares during the period. Mutual of America Capital Management LLC’s holdings in Linde were worth $26,659,000 at the end of the most recent reporting period.

Other hedge funds have also recently modified their holdings of the company. Carmel Capital Partners LLC purchased a new stake in Linde in the 3rd quarter worth approximately $26,000. Annapolis Financial Services LLC raised its holdings in Linde by 122.6% in the 3rd quarter. Annapolis Financial Services LLC now owns 69 shares of the basic materials company’s stock worth $26,000 after purchasing an additional 38 shares in the last quarter. Provence Wealth Management Group purchased a new stake in shares of Linde in the 3rd quarter worth about $29,000. FWL Investment Management LLC bought a new stake in shares of Linde during the 4th quarter valued at about $30,000. Finally, Halpern Financial Inc. raised its stake in Linde by 309.5% in the third quarter. Halpern Financial Inc. now owns 86 shares of the basic materials company’s stock worth $32,000 after buying an additional 65 shares in the last quarter. Hedge funds and other institutional investors own 82.80% of the company’s stock.

Insider Buying and Selling at Linde

In other Linde news, VP Sean Durbin sold 5,277 shares of the company’s stock in a transaction dated Tuesday, March 12th. The stock was sold at an average price of $467.39, for a total value of $2,466,417.03. Following the completion of the sale, the vice president now owns 8,151 shares in the company, valued at $3,809,695.89. The sale was disclosed in a document filed with the SEC, which is accessible through this link. In other news, CEO Sanjiv Lamba sold 8,306 shares of the business’s stock in a transaction dated Wednesday, March 6th. The stock was sold at an average price of $462.04, for a total value of $3,837,704.24. Following the transaction, the chief executive officer now directly owns 56,398 shares in the company, valued at $26,058,131.92. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Also, VP Sean Durbin sold 5,277 shares of the stock in a transaction dated Tuesday, March 12th. The stock was sold at an average price of $467.39, for a total value of $2,466,417.03. Following the sale, the vice president now owns 8,151 shares of the company’s stock, valued at approximately $3,809,695.89. The disclosure for this sale can be found here. Insiders sold a total of 78,248 shares of company stock worth $35,811,988 in the last three months. 0.70% of the stock is currently owned by company insiders.

Wall Street Analysts Forecast Growth

LIN has been the subject of a number of research analyst reports. Wells Fargo & Company raised their target price on Linde from $480.00 to $540.00 and gave the company an “overweight” rating in a research note on Thursday. TD Cowen boosted their target price on shares of Linde from $395.00 to $455.00 and gave the company a “market perform” rating in a report on Friday, February 16th. UBS Group lowered shares of Linde from a “buy” rating to a “neutral” rating and increased their price target for the stock from $482.00 to $510.00 in a research note on Wednesday, March 27th. Wolfe Research assumed coverage on shares of Linde in a research note on Friday, March 1st. They set a “peer perform” rating on the stock. Finally, Mizuho raised their target price on shares of Linde from $503.00 to $510.00 and gave the company a “neutral” rating in a research note on Tuesday, March 26th. Seven research analysts have rated the stock with a hold rating and six have assigned a buy rating to the company. According to MarketBeat, Linde has an average rating of “Hold” and a consensus price target of $456.79.

Linde Trading Up 0.6 %

Linde stock opened at $453.00 on Friday. Linde plc has a one year low of $350.60 and a one year high of $477.71. The business’s fifty day moving average is $449.81 and its 200 day moving average is $415.22. The company has a debt-to-equity ratio of 0.33, a current ratio of 0.80 and a quick ratio of 0.67. The stock has a market capitalization of $218.16 billion, a PE ratio of 35.95, a price-to-earnings-growth ratio of 2.94 and a beta of 0.93.

Linde (NASDAQ:LIN) last released its quarterly earnings data on Tuesday, February 6th. The basic materials company reported $3.59 earnings per share for the quarter, beating the consensus estimate of $3.49 by $0.10. The firm had revenue of $8.30 billion during the quarter, compared to analysts’ expectations of $8.04 billion. Linde had a net margin of 18.87% and a return on equity of 17.06%. The firm’s quarterly revenue was up 5.1% on a year-over-year basis. During the same period in the previous year, the company earned $3.16 earnings per share. On average, sell-side analysts predict that Linde plc will post 15.58 EPS for the current year.

Linde Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Thursday, March 28th. Shareholders of record on Thursday, March 14th were issued a $1.39 dividend. This is an increase from Linde’s previous quarterly dividend of $0.88. The ex-dividend date was Wednesday, March 13th. This represents a $5.56 dividend on an annualized basis and a yield of 1.23%. Linde’s dividend payout ratio is currently 44.13%.

About Linde

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.