State of New Jersey Common Pension Fund D Sells 10,000 Shares of Linde PLC (NYSE:LIN)

State of New Jersey Common Pension Fund D cut its holdings in shares of Linde PLC (NYSE:LIN) by 50.0% during the second quarter, Holdings Channel.com reports. The firm owned 10,000 shares of the basic materials company’s stock after selling 10,000 shares during the period. State of New Jersey Common Pension Fund D’s holdings in Linde were worth $2,008,000 as of its most recent SEC filing.

A number of other large investors have also recently bought and sold shares of the stock. MAI Capital Management boosted its holdings in Linde by 4.4% in the first quarter. MAI Capital Management now owns 1,388 shares of the basic materials company’s stock worth $244,000 after purchasing an additional 58 shares during the period. Lee Financial Co raised its stake in shares of Linde by 0.9% during the first quarter. Lee Financial Co now owns 6,872 shares of the basic materials company’s stock valued at $1,209,000 after purchasing an additional 60 shares in the last quarter. Insight Wealth Strategies LLC raised its stake in shares of Linde by 3.5% during the first quarter. Insight Wealth Strategies LLC now owns 1,860 shares of the basic materials company’s stock valued at $327,000 after purchasing an additional 63 shares in the last quarter. Telemus Capital LLC raised its stake in shares of Linde by 1.4% during the first quarter. Telemus Capital LLC now owns 5,370 shares of the basic materials company’s stock valued at $945,000 after purchasing an additional 75 shares in the last quarter. Finally, Alera Investment Advisors LLC raised its stake in shares of Linde by 50.9% during the first quarter. Alera Investment Advisors LLC now owns 243 shares of the basic materials company’s stock valued at $43,000 after purchasing an additional 82 shares in the last quarter. 73.07% of the stock is owned by institutional investors.

Several brokerages have commented on LIN. BMO Capital Markets upgraded shares of Linde from a “market perform” rating to an “outperform” rating and set a $210.00 price target on the stock in a research report on Monday, May 13th. JPMorgan Chase & Co. lifted their price target on Linde from $189.00 to $206.00 and gave the stock an “overweight” rating in a research note on Friday, June 7th. Barclays lifted their price target on Linde from $180.00 to $195.00 and gave the stock an “equal weight” rating in a research note on Tuesday, May 14th. Sanford C. Bernstein reaffirmed a “sell” rating on shares of Linde in a research note on Thursday, July 18th. Finally, Zacks Investment Research raised Linde from a “sell” rating to a “hold” rating in a research note on Wednesday, May 15th. One research analyst has rated the stock with a sell rating, six have given a hold rating and twelve have assigned a buy rating to the company’s stock. The company currently has a consensus rating of “Buy” and an average price target of $201.01.

In other Linde news, VP Christian Bruch bought 1,474 shares of the firm’s stock in a transaction dated 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 purchase was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, VP Eduardo F. Menezes sold 19,056 shares of the stock in a transaction on Friday, May 17th. The stock was sold at an average price of $188.23, for a total value of $3,586,910.88. The disclosure for this sale can be found here. Corporate insiders own 0.70% of the company’s stock.

Shares of NYSE LIN traded down $3.39 during trading hours on Friday, reaching $187.03. The stock had a trading volume of 1,048,277 shares, compared to its average volume of 1,184,515. The stock has a fifty day moving average price of $201.85. The company has a current ratio of 1.35, a quick ratio of 1.20 and a debt-to-equity ratio of 0.22. The company has a market capitalization of $107.07 billion, a P/E ratio of 30.75, a price-to-earnings-growth ratio of 2.12 and a beta of 0.77. Linde PLC has a twelve month low of $145.95 and a twelve month high of $206.82.

Linde (NYSE:LIN) last issued its earnings results on Friday, May 10th. The basic materials company reported $1.69 EPS for the quarter, beating analysts’ consensus estimates of $1.54 by $0.15. The business had revenue of $6.94 billion during the quarter, compared to analyst estimates of $7.03 billion. Linde had a return on equity of 14.95% and a net margin of 23.52%. Research analysts predict that Linde PLC will post 6.95 earnings per share for the current year.

Linde Profile

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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Institutional Ownership by Quarter for Linde (NYSE:LIN)

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