Barings LLC Sells 856 Shares of Linde plc (NYSE:LIN)

Barings LLC cut its stake in Linde plc (NYSE:LIN) by 1.7% in the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 51,015 shares of the basic materials company’s stock after selling 856 shares during the quarter. Barings LLC’s holdings in Linde were worth $14,749,000 at the end of the most recent quarter.

Several other institutional investors have also modified their holdings of the stock. Legal & General Group Plc boosted its holdings in shares of Linde by 3.8% during the 2nd quarter. Legal & General Group Plc now owns 2,918,560 shares of the basic materials company’s stock valued at $843,769,000 after acquiring an additional 106,989 shares during the last quarter. Natixis Advisors L.P. boosted its holdings in shares of Linde by 25.7% in the second quarter. Natixis Advisors L.P. now owns 151,432 shares of the basic materials company’s stock worth $43,779,000 after buying an additional 30,972 shares during the last quarter. Scotia Capital Inc. boosted its holdings in shares of Linde by 81.3% in the second quarter. Scotia Capital Inc. now owns 3,925 shares of the basic materials company’s stock worth $1,135,000 after buying an additional 1,760 shares during the last quarter. SeaCrest Wealth Management LLC purchased a new position in shares of Linde in the second quarter worth approximately $227,000. Finally, Guyasuta Investment Advisors Inc. raised its stake in Linde by 1.4% during the 2nd quarter. Guyasuta Investment Advisors Inc. now owns 101,629 shares of the basic materials company’s stock worth $29,381,000 after acquiring an additional 1,401 shares during the period. Institutional investors own 72.10% of the company’s stock.

Several brokerages recently weighed in on LIN. HSBC boosted their price target on shares of Linde from $272.00 to $333.00 and gave the stock a “buy” rating in a research report on Thursday, June 3rd. UBS Group reissued a “buy” rating on shares of Linde in a research note on Monday, August 23rd. Deutsche Bank Aktiengesellschaft boosted their target price on shares of Linde from $345.00 to $350.00 and gave the company a “buy” rating in a research note on Monday, August 2nd. Morgan Stanley reissued a “buy” rating on shares of Linde in a research note on Monday, September 6th. Finally, Wells Fargo & Company upped their price objective on shares of Linde from $340.00 to $360.00 and gave the stock an “overweight” rating in a research note on Tuesday, August 3rd. Two research analysts have rated the stock with a hold rating and sixteen have assigned a buy rating to the company’s stock. According to data from MarketBeat, the stock presently has a consensus rating of “Buy” and an average price target of $337.36.

Shares of NYSE:LIN traded down $10.57 during midday trading on Tuesday, reaching $298.64. 42,155 shares of the company’s stock were exchanged, compared to its average volume of 1,790,029. The firm’s 50 day simple moving average is $307.81 and its two-hundred day simple moving average is $295.31. The company has a debt-to-equity ratio of 0.21, a current ratio of 0.71 and a quick ratio of 0.60. The stock has a market cap of $154.22 billion, a price-to-earnings ratio of 49.63, a P/E/G ratio of 2.70 and a beta of 0.78. Linde plc has a fifty-two week low of $214.14 and a fifty-two week high of $317.03.

Linde (NYSE:LIN) last released its quarterly earnings data on Friday, July 30th. The basic materials company reported $2.70 EPS for the quarter, topping analysts’ consensus estimates of $2.53 by $0.17. Linde had a return on equity of 10.54% and a net margin of 11.37%. The company had revenue of $7.58 billion for the quarter, compared to the consensus estimate of $7.38 billion. During the same period last year, the business posted $1.90 EPS. The company’s quarterly revenue was up 18.9% compared to the same quarter last year. Equities research analysts predict that Linde plc will post 10.44 earnings per share for the current fiscal year.

The business also recently disclosed a quarterly dividend, which was paid on Friday, September 17th. Stockholders of record on Friday, September 3rd were paid a $1.06 dividend. The ex-dividend date of this dividend was Thursday, September 2nd. This represents a $4.24 annualized dividend and a dividend yield of 1.42%. Linde’s dividend payout ratio is currently 51.52%.

Linde Company Profile

Linde Plc engages in the production and distribution of industrial gases. It operates through the following segments: Americas; Europe, Middle East, and Africa (EMEA); Asia and South Pacific (APAC); Engineering; and Other. The America segment operates production facilities in the U.S., Canada, Mexico, and Brazil.

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Institutional Ownership by Quarter for Linde (NYSE:LIN)

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