Amalgamated Bank Cuts Stock Holdings in Linde plc (NASDAQ:LIN)

Amalgamated Bank lowered its stake in Linde plc (NASDAQ:LIN) by 4.2% during the 2nd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 97,081 shares of the basic materials company’s stock after selling 4,289 shares during the period. Amalgamated Bank’s holdings in Linde were worth $42,600,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors also recently modified their holdings of LIN. Tredje AP fonden grew its position in Linde by 7.2% during the 2nd quarter. Tredje AP fonden now owns 97,315 shares of the basic materials company’s stock worth $42,703,000 after acquiring an additional 6,500 shares during the last quarter. Mercer Global Advisors Inc. ADV boosted its stake in shares of Linde by 7.3% during the second quarter. Mercer Global Advisors Inc. ADV now owns 29,641 shares of the basic materials company’s stock valued at $13,007,000 after purchasing an additional 2,004 shares during the period. Meridian Wealth Partners LLC grew its holdings in shares of Linde by 5.2% in the second quarter. Meridian Wealth Partners LLC now owns 482 shares of the basic materials company’s stock worth $212,000 after purchasing an additional 24 shares during the last quarter. E Fund Management Co. Ltd. increased its stake in shares of Linde by 6.0% in the second quarter. E Fund Management Co. Ltd. now owns 7,110 shares of the basic materials company’s stock worth $3,120,000 after buying an additional 405 shares during the period. Finally, Bradley Foster & Sargent Inc. CT raised its holdings in Linde by 34.3% during the 2nd quarter. Bradley Foster & Sargent Inc. CT now owns 26,278 shares of the basic materials company’s stock valued at $11,531,000 after buying an additional 6,708 shares during the last quarter. Institutional investors own 82.80% of the company’s stock.

Insider Buying and Selling at Linde

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 sale, the vice president now directly owns 17,584 shares of the company’s stock, valued at $8,136,996. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink. 0.70% of the stock is owned by company insiders.

Linde Stock Performance

Shares of LIN stock opened at $471.66 on Wednesday. The company’s fifty day moving average price is $456.12 and its 200-day moving average price is $449.00. The stock has a market cap of $226.72 billion, a PE ratio of 36.59, a price-to-earnings-growth ratio of 2.93 and a beta of 0.94. The company has a current ratio of 0.95, a quick ratio of 0.80 and a debt-to-equity ratio of 0.43. Linde plc has a 12 month low of $361.02 and a 12 month high of $479.79.

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

Linde Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Wednesday, September 18th. Investors of record on Wednesday, September 4th will be paid 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 payout ratio is currently 43.13%.

Analyst Ratings Changes

A number of equities research analysts have issued reports on LIN shares. Citigroup raised their price target on shares of Linde from $470.00 to $480.00 and gave the stock a “neutral” rating in a report on Friday, July 12th. UBS Group reduced their price target on Linde from $490.00 to $475.00 and set a “neutral” rating on the stock in a report on Tuesday, July 9th. BMO Capital Markets reiterated an “outperform” rating and issued a $477.00 price objective on shares of Linde in a report on Friday, August 30th. JPMorgan Chase & Co. lifted their price objective on Linde from $430.00 to $480.00 and gave the stock an “overweight” rating in a research report on Monday, August 5th. Finally, Barclays upped their target price on Linde from $460.00 to $510.00 and gave the company an “overweight” rating in a report on Monday, August 5th. Six investment analysts have rated the stock with a hold rating and seven have assigned a buy rating to the company’s stock. According to MarketBeat.com, Linde presently has an average rating of “Moderate Buy” and an average target price of $484.18.

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.