Mutual of America Capital Management LLC Sells 1,669 Shares of Linde PLC (NASDAQ:LIN)

Mutual of America Capital Management LLC cut its position in Linde PLC (NASDAQ:LIN) by 2.9% in the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 55,366 shares of the basic materials company’s stock after selling 1,669 shares during the quarter. Mutual of America Capital Management LLC’s holdings in Linde were worth $25,781,000 as of its most recent SEC filing.

Other large investors have also recently bought and sold shares of the company. Freemont Capital Pte Ltd acquired a new stake in Linde during the fourth quarter worth approximately $2,128,233,000. GAMMA Investing LLC grew its stake in Linde by 58,312.0% in the first quarter. GAMMA Investing LLC now owns 3,415,935 shares of the basic materials company’s stock valued at $1,590,596,000 after acquiring an additional 3,410,087 shares during the period. Capital World Investors grew its stake in Linde by 34.4% in the fourth quarter. Capital World Investors now owns 11,547,765 shares of the basic materials company’s stock valued at $4,834,631,000 after acquiring an additional 2,957,604 shares during the period. Castlekeep Investment Advisors LLC acquired a new stake in Linde in the fourth quarter valued at approximately $468,360,000. Finally, Universal Beteiligungs und Servicegesellschaft mbH acquired a new stake in Linde in the fourth quarter valued at approximately $386,957,000. 82.80% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

A number of brokerages have commented on LIN. Citigroup raised Linde from a “neutral” rating to a “buy” rating and raised their price objective for the company from $500.00 to $535.00 in a research note on Monday, June 30th. JPMorgan Chase & Co. lifted their target price on Linde from $470.00 to $475.00 and gave the company an “overweight” rating in a research report on Monday. Royal Bank Of Canada began coverage on Linde in a research report on Friday, June 13th. They set an “outperform” rating and a $576.00 target price on the stock. Finally, UBS Group lifted their target price on Linde from $485.00 to $504.00 and gave the company a “neutral” rating in a research report on Wednesday, July 9th. Two analysts have rated the stock with a hold rating, seven have given a buy rating and two have given a strong buy rating to the company. Based on data from MarketBeat.com, Linde presently has a consensus rating of “Buy” and a consensus target price of $519.63.

Linde Price Performance

Shares of NASDAQ LIN opened at $471.48 on Thursday. The stock has a market cap of $221.08 billion, a PE ratio of 33.53, a price-to-earnings-growth ratio of 3.11 and a beta of 0.92. Linde PLC has a fifty-two week low of $408.65 and a fifty-two week high of $487.49. The company has a debt-to-equity ratio of 0.49, a quick ratio of 0.78 and a current ratio of 0.93. The stock has a fifty day moving average of $467.54 and a 200-day moving average of $458.32.

Linde (NASDAQ:LIN) last announced its quarterly earnings results on Friday, August 1st. The basic materials company reported $4.09 earnings per share for the quarter, beating the consensus estimate of $4.03 by $0.06. The company had revenue of $8.50 billion during the quarter, compared to analysts’ expectations of $8.35 billion. Linde had a return on equity of 19.09% and a net margin of 20.20%. The firm’s quarterly revenue was up 2.3% compared to the same quarter last year. During the same period in the previous year, the business earned $3.85 earnings per share. Equities research analysts anticipate that Linde PLC will post 16.54 earnings per share for the current year.

Linde Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Thursday, September 18th. Investors of record on Thursday, September 4th will be given a dividend of $1.50 per share. This represents a $6.00 annualized dividend and a yield of 1.3%. The ex-dividend date is Thursday, September 4th. Linde’s payout ratio is presently 42.67%.

Insider Activity

In other news, VP Sean Durbin sold 7,261 shares of the company’s stock in a transaction dated Thursday, May 22nd. The stock was sold at an average price of $456.42, for a total value of $3,314,065.62. Following the completion of the transaction, the vice president directly owned 8,151 shares in the company, valued at approximately $3,720,279.42. This represents a 47.11% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, VP David P. Strauss sold 1,987 shares of the company’s stock in a transaction dated Friday, May 16th. The stock was sold at an average price of $457.04, for a total value of $908,138.48. Following the completion of the transaction, the vice president owned 22,639 shares of the company’s stock, valued at $10,346,928.56. The trade was a 8.07% decrease in their ownership of the stock. The disclosure for this sale can be found here. 0.70% of the stock is owned by insiders.

Linde Profile

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.