Mutual of America Capital Management LLC Has $28.23 Million Position in Linde plc (NASDAQ:LIN)

Mutual of America Capital Management LLC cut its position in Linde plc (NASDAQ:LIN) by 2.4% in the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 59,189 shares of the basic materials company’s stock after selling 1,436 shares during the quarter. Mutual of America Capital Management LLC’s holdings in Linde were worth $28,225,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Summit Securities Group LLC bought a new position in shares of Linde during the second quarter worth approximately $28,000. Strategic Financial Concepts LLC acquired a new stake in Linde during the second quarter worth approximately $33,000. Kozak & Associates Inc. bought a new position in Linde during the 3rd quarter worth $34,000. J.Safra Asset Management Corp bought a new position in Linde during the 2nd quarter worth $42,000. Finally, Capital Performance Advisors LLP acquired a new position in Linde in the 3rd quarter valued at $43,000. 82.80% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

A number of research analysts recently commented on the company. JPMorgan Chase & Co. raised their price target on Linde from $430.00 to $480.00 and gave the stock an “overweight” rating in a research report on Monday, August 5th. Barclays increased their price objective on shares of Linde from $460.00 to $510.00 and gave the stock an “overweight” rating in a research note on Monday, August 5th. Deutsche Bank Aktiengesellschaft boosted their target price on shares of Linde from $510.00 to $515.00 and gave the company a “buy” rating in a research report on Friday, November 1st. BMO Capital Markets increased their price target on shares of Linde from $477.00 to $507.00 and gave the stock an “outperform” rating in a research report on Friday, November 1st. Finally, Bank of America boosted their price objective on shares of Linde from $495.00 to $516.00 and gave the company a “buy” rating in a research report on Monday, August 5th. Six equities research analysts have rated the stock with a hold rating and eight have assigned a buy rating to the company’s stock. According to data from MarketBeat, Linde has an average rating of “Moderate Buy” and an average target price of $490.75.

Insider Activity

In other Linde news, VP John Panikar sold 10,025 shares of the business’s stock in a transaction on Tuesday, September 10th. The shares were sold at an average price of $462.75, for a total transaction of $4,639,068.75. Following the completion of the sale, the vice president now owns 17,584 shares in the company, valued at approximately $8,136,996. The trade was a 36.31 % decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. 0.60% of the stock is owned by company insiders.

Linde Trading Down 1.0 %

NASDAQ LIN opened at $449.10 on Friday. The business’s fifty day moving average is $470.08 and its 200 day moving average is $452.72. Linde plc has a twelve month low of $396.07 and a twelve month high of $487.49. The company has a market cap of $213.84 billion, a price-to-earnings ratio of 34.10, a price-to-earnings-growth ratio of 2.88 and a beta of 0.94. The company has a quick ratio of 0.81, a current ratio of 0.96 and a debt-to-equity ratio of 0.43.

Linde (NASDAQ:LIN) last issued its quarterly earnings results on Thursday, October 31st. The basic materials company reported $3.94 EPS for the quarter, topping analysts’ consensus estimates of $3.89 by $0.05. The company had revenue of $8.36 billion for the quarter, compared to analyst estimates of $8.39 billion. Linde had a net margin of 19.33% and a return on equity of 18.16%. Linde’s revenue was up 1.9% compared to the same quarter last year. During the same quarter in the previous year, the business earned $3.63 earnings per share. As a group, sell-side analysts expect that Linde plc will post 15.48 EPS for the current fiscal year.

Linde Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, December 17th. Shareholders of record on Tuesday, December 3rd will be issued a dividend of $1.39 per share. The ex-dividend date is Tuesday, December 3rd. This represents a $5.56 dividend on an annualized basis and a yield of 1.24%. Linde’s payout ratio is currently 42.22%.

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.