Linde PLC (NYSE:LIN) Shares Bought by Signaturefd LLC
Signaturefd LLC grew its stake in shares of Linde PLC (NYSE:LIN) by 43.4% during the second quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 2,361 shares of the basic materials company’s stock after purchasing an additional 714 shares during the quarter. Signaturefd LLC’s holdings in Linde were worth $474,000 as of its most recent filing with the Securities and Exchange Commission.
A number of other hedge funds also recently added to or reduced their stakes in the business. BlackRock Inc. raised its holdings in Linde by 2.1% during the first quarter. BlackRock Inc. now owns 31,573,871 shares of the basic materials company’s stock worth $5,554,790,000 after purchasing an additional 636,524 shares in the last quarter. FMR LLC increased its holdings in shares of Linde by 4.6% in the 1st quarter. FMR LLC now owns 8,219,013 shares of the basic materials company’s stock valued at $1,440,632,000 after acquiring an additional 364,348 shares during the period. Geode Capital Management LLC acquired a new position in shares of Linde in the 4th quarter valued at $997,692,000. Northern Trust Corp increased its holdings in shares of Linde by 0.8% in the 1st quarter. Northern Trust Corp now owns 6,335,841 shares of the basic materials company’s stock valued at $1,114,665,000 after acquiring an additional 47,575 shares during the period. Finally, Amundi Pioneer Asset Management Inc. increased its holdings in shares of Linde by 33,491.9% in the 1st quarter. Amundi Pioneer Asset Management Inc. now owns 4,907,437 shares of the basic materials company’s stock valued at $863,366,000 after acquiring an additional 4,892,828 shares during the period. 72.69% of the stock is currently owned by institutional investors.
In other Linde news, CEO Stephen F. Angel sold 56,574 shares of the firm’s stock in a transaction on Thursday, June 6th. The stock was sold at an average price of $197.27, for a total transaction of $11,160,352.98. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, VP Christian Bruch acquired 1,474 shares of the stock in a transaction on Wednesday, May 15th. The shares were bought at an average price of $179.21 per share, for a total transaction of $264,155.54. The disclosure for this purchase can be found here. 0.70% of the stock is owned by corporate insiders.
Linde (NYSE:LIN) last posted its quarterly earnings data on Friday, May 10th. The basic materials company reported $1.69 earnings per share for the quarter, topping the consensus estimate of $1.54 by $0.15. Linde had a return on equity of 11.05% and a net margin of 19.47%. The company had revenue of $6.94 billion during the quarter, compared to analysts’ expectations of $7.03 billion. As a group, sell-side analysts predict that Linde PLC will post 7.1 earnings per share for the current fiscal year.
A number of equities analysts have recently commented on the stock. Societe Generale reaffirmed a “buy” rating on shares of Linde in a report on Monday, April 15th. ValuEngine cut shares of Linde from a “hold” rating to a “sell” rating in a report on Tuesday, August 6th. KeyCorp lifted their target price on shares of Linde from $205.00 to $220.00 and gave the company an “overweight” rating in a report on Tuesday, July 9th. Zacks Investment Research raised shares of Linde from a “hold” rating to a “buy” rating and set a $211.00 price objective on the stock in a research note on Thursday, August 8th. Finally, Barclays boosted their price objective on shares of Linde from $180.00 to $195.00 and gave the company an “equal weight” rating in a research note on Tuesday, May 14th. Three equities research analysts have rated the stock with a sell rating, four have given a hold rating and thirteen have assigned a buy rating to the company. The stock has an average rating of “Buy” and a consensus price target of $201.83.
Linde plc operates as an industrial gas company in primarily North and South America, Europe, the Middle East, Africa, the Asia Pacific, and South Korea. The company offers oxygen, nitrogen, argon, rare gases, carbon monoxide, carbon dioxide, helium, hydrogen, electronic gases, specialty gases, and acetylene.
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