Rhumbline Advisers Has $367.50 Million Stock Position in Linde plc (NASDAQ:LIN)

Rhumbline Advisers lowered its stake in Linde plc (NASDAQ:LIN) by 0.3% during the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 877,767 shares of the basic materials company’s stock after selling 2,472 shares during the quarter. Rhumbline Advisers’ holdings in Linde were worth $367,495,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds also recently made changes to their positions in LIN. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC grew its holdings in shares of Linde by 372.8% in the 3rd quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 3,288,088 shares of the basic materials company’s stock valued at $1,567,958,000 after acquiring an additional 2,592,682 shares in the last quarter. International Assets Investment Management LLC grew its holdings in Linde by 47,830.2% during the third quarter. International Assets Investment Management LLC now owns 936,076 shares of the basic materials company’s stock worth $446,377,000 after purchasing an additional 934,123 shares during the period. Assenagon Asset Management S.A. lifted its position in shares of Linde by 2,293.0% in the fourth quarter. Assenagon Asset Management S.A. now owns 782,461 shares of the basic materials company’s stock valued at $327,593,000 after buying an additional 749,763 shares during the last quarter. AMF Tjanstepension AB boosted its stake in shares of Linde by 108.7% during the 3rd quarter. AMF Tjanstepension AB now owns 784,477 shares of the basic materials company’s stock worth $374,086,000 after acquiring an additional 408,659 shares during the period. Finally, KBC Group NV increased its holdings in shares of Linde by 131.6% during the 3rd quarter. KBC Group NV now owns 621,444 shares of the basic materials company’s stock worth $296,342,000 after acquiring an additional 353,136 shares during the last quarter. Institutional investors and hedge funds own 82.80% of the company’s stock.

Linde Trading Down 0.9 %

Shares of LIN stock opened at $457.00 on Friday. The stock has a market cap of $217.61 billion, a P/E ratio of 33.58, a price-to-earnings-growth ratio of 2.89 and a beta of 0.94. Linde plc has a 1 year low of $410.69 and a 1 year high of $487.49. The company has a current ratio of 0.89, a quick ratio of 0.81 and a debt-to-equity ratio of 0.39. The stock has a 50 day simple moving average of $434.67 and a 200 day simple moving average of $453.94.

Linde (NASDAQ:LIN) last released its earnings results on Thursday, February 6th. The basic materials company reported $3.97 earnings per share for the quarter, beating analysts’ consensus estimates of $3.93 by $0.04. Linde had a return on equity of 18.71% and a net margin of 19.89%. On average, research analysts predict that Linde plc will post 16.55 earnings per share for the current fiscal year.

Analyst Ratings Changes

Several equities research analysts have issued reports on the company. TD Cowen raised Linde from a “hold” rating to a “buy” rating and raised their price target for the company from $480.00 to $515.00 in a report on Monday, January 13th. Deutsche Bank Aktiengesellschaft raised their target price on shares of Linde from $510.00 to $515.00 and gave the stock a “buy” rating in a research note on Friday, November 1st. Citigroup decreased their price target on shares of Linde from $490.00 to $480.00 and set a “neutral” rating on the stock in a research note on Wednesday, December 18th. BMO Capital Markets increased their price target on shares of Linde from $477.00 to $507.00 and gave the company an “outperform” rating in a report on Friday, November 1st. Finally, Erste Group Bank restated a “hold” rating on shares of Linde in a report on Tuesday, November 19th. Four analysts have rated the stock with a hold rating and nine have assigned a buy rating to the stock. According to MarketBeat, the company has a consensus rating of “Moderate Buy” and an average target price of $501.82.

Insiders Place Their Bets

In other Linde news, Director Paula Rosput Reynolds bought 100 shares of the business’s stock in a transaction on Thursday, December 12th. The stock was purchased at an average cost of $441.34 per share, for a total transaction of $44,134.00. Following the completion of the purchase, the director now directly owns 233 shares of the company’s stock, valued at approximately $102,832.22. This trade represents a 75.19 % increase in their ownership of the stock. The acquisition was disclosed in a filing with the SEC, which is available through the SEC website. Also, Director Robert L. Wood sold 2,900 shares of Linde stock in a transaction on Monday, February 10th. The shares were sold at an average price of $456.26, for a total value of $1,323,154.00. Following the completion of the transaction, the director now owns 14,013 shares in the company, valued at approximately $6,393,571.38. The trade was a 17.15 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 9,503 shares of company stock worth $4,306,843 over the last ninety days. Corporate insiders own 0.60% of the company’s stock.

Linde Company 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.