Meiji Yasuda Life Insurance Co Sells 484 Shares of Linde plc (NASDAQ:LIN)

Meiji Yasuda Life Insurance Co decreased its holdings in shares of Linde plc (NASDAQ:LINFree Report) by 4.7% during the second quarter, according to the company in its most recent disclosure with the SEC. The fund owned 9,834 shares of the basic materials company’s stock after selling 484 shares during the quarter. Meiji Yasuda Life Insurance Co’s holdings in Linde were worth $4,315,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also recently modified their holdings of LIN. Members Trust Co raised its holdings in shares of Linde by 3.7% during the first quarter. Members Trust Co now owns 646 shares of the basic materials company’s stock worth $300,000 after purchasing an additional 23 shares during the last quarter. Regent Peak Wealth Advisors LLC increased its stake in shares of Linde by 1.3% during the first quarter. Regent Peak Wealth Advisors LLC now owns 1,787 shares of the basic materials company’s stock worth $830,000 after purchasing an additional 23 shares in the last quarter. Johnson Financial Group Inc. raised its holdings in shares of Linde by 44.4% during the fourth quarter. Johnson Financial Group Inc. now owns 78 shares of the basic materials company’s stock valued at $32,000 after acquiring an additional 24 shares during the last quarter. Valued Wealth Advisors LLC grew its holdings in shares of Linde by 49.0% during the first quarter. Valued Wealth Advisors LLC now owns 73 shares of the basic materials company’s stock worth $34,000 after buying an additional 24 shares in the last quarter. Finally, CNB Bank grew its stake in Linde by 2.9% during the 1st quarter. CNB Bank now owns 847 shares of the basic materials company’s stock valued at $393,000 after acquiring an additional 24 shares in the last quarter. 82.80% of the stock is currently owned by hedge funds and other institutional investors.

Insider Buying and Selling

In other news, VP John Panikar sold 10,025 shares of the stock in a transaction on Tuesday, September 10th. The stock was sold at an average price of $462.75, for a total value of $4,639,068.75. Following the completion of the sale, the vice president now owns 17,584 shares in the company, valued at $8,136,996. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Company insiders own 0.70% of the company’s stock.

Analysts Set New Price Targets

A number of brokerages recently issued reports on LIN. BMO Capital Markets reissued an “outperform” rating and issued a $477.00 price objective on shares of Linde in a report on Friday, August 30th. Citigroup boosted their price objective on Linde from $470.00 to $480.00 and gave the company a “neutral” rating in a report on Friday, July 12th. Bank of America increased their target price on shares of Linde from $495.00 to $516.00 and gave the stock a “buy” rating in a report on Monday, August 5th. Barclays increased their price target on Linde from $460.00 to $510.00 and gave the company an “overweight” rating in a research report on Monday, August 5th. Finally, UBS Group decreased their price objective on shares of Linde from $490.00 to $475.00 and set a “neutral” rating for the company in a research report on Tuesday, July 9th. Six equities research analysts have rated the stock with a hold rating and seven have given a buy rating to the stock. According to MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $484.18.

View Our Latest Analysis on LIN

Linde Stock Performance

Shares of NASDAQ LIN opened at $471.66 on Wednesday. Linde plc has a 52-week low of $361.02 and a 52-week high of $479.79. The stock has a market capitalization of $226.72 billion, a price-to-earnings ratio of 36.59, a PEG ratio of 2.93 and a beta of 0.94. The company has a quick ratio of 0.80, a current ratio of 0.95 and a debt-to-equity ratio of 0.43. The stock’s fifty day simple moving average is $456.12 and its 200 day simple moving average is $449.00.

Linde (NASDAQ:LINGet Free Report) last posted its quarterly earnings data on Friday, August 2nd. The basic materials company reported $3.85 earnings per share (EPS) for the quarter, topping the consensus estimate of $3.79 by $0.06. Linde had a return on equity of 17.92% and a net margin of 19.49%. The firm had revenue of $8.30 billion for the quarter, compared to the consensus estimate of $8.30 billion. During the same quarter in the previous year, the company earned $3.57 EPS. The business’s revenue for the quarter was up 1.2% compared to the same quarter last year. As a group, sell-side analysts forecast that Linde plc will post 15.54 earnings per share for the current fiscal year.

Linde Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Wednesday, September 18th. Investors of record on Wednesday, September 4th will be given a $1.39 dividend. The ex-dividend date of this dividend is Wednesday, September 4th. This represents a $5.56 annualized dividend and a dividend yield of 1.18%. Linde’s dividend payout ratio (DPR) is presently 43.13%.

Linde Company Profile

(Free Report)

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.

Featured Stories

Want to see what other hedge funds are holding LIN? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Linde plc (NASDAQ:LINFree Report).

Institutional Ownership by Quarter for Linde (NASDAQ:LIN)

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.