Tokio Marine Asset Management Co. Ltd. Increases Stock Holdings in Linde PLC (NYSE:LIN)

Tokio Marine Asset Management Co. Ltd. lifted its stake in shares of Linde PLC (NYSE:LIN) by 2.6% during the 2nd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 8,431 shares of the basic materials company’s stock after buying an additional 211 shares during the period. Tokio Marine Asset Management Co. Ltd.’s holdings in Linde were worth $1,693,000 at the end of the most recent quarter.

Several other large investors also recently made changes to their positions in the stock. BlackRock Inc. boosted its position in shares of Linde by 2.1% during the first quarter. BlackRock Inc. now owns 31,573,871 shares of the basic materials company’s stock valued at $5,554,790,000 after buying an additional 636,524 shares during the last quarter. FMR LLC lifted its holdings in Linde by 4.6% during the first quarter. FMR LLC now owns 8,219,013 shares of the basic materials company’s stock worth $1,440,632,000 after acquiring an additional 364,348 shares during the period. Geode Capital Management LLC bought a new stake in Linde during the fourth quarter worth $997,692,000. Northern Trust Corp lifted its holdings in Linde by 0.8% during the first quarter. Northern Trust Corp now owns 6,335,841 shares of the basic materials company’s stock worth $1,114,665,000 after acquiring an additional 47,575 shares during the period. Finally, Amundi Pioneer Asset Management Inc. lifted its holdings in Linde by 33,491.9% during the first quarter. Amundi Pioneer Asset Management Inc. now owns 4,907,437 shares of the basic materials company’s stock worth $863,366,000 after acquiring an additional 4,892,828 shares during the period. 73.08% of the stock is currently owned by institutional investors.

A number of analysts recently commented on LIN shares. Zacks Investment Research upgraded Linde from a “sell” rating to a “hold” rating in a report on Wednesday, May 15th. Societe Generale reiterated a “buy” rating on shares of Linde in a report on Monday, April 15th. BMO Capital Markets upgraded Linde from a “market perform” rating to an “outperform” rating and set a $210.00 price target on the stock in a report on Monday, May 13th. DZ Bank reiterated a “buy” rating on shares of Linde in a report on Monday, July 22nd. Finally, UBS Group reiterated a “buy” rating on shares of Linde in a report on Friday, July 12th. One analyst has rated the stock with a sell rating, six have assigned a hold rating and twelve have given a buy rating to the company’s stock. Linde has an average rating of “Buy” and a consensus target price of $201.01.

In other news, VP Eduardo F. Menezes sold 19,056 shares of Linde 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 sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, VP Christian Bruch purchased 1,474 shares of Linde stock in a transaction dated Wednesday, May 15th. The stock was bought at an average price of $179.21 per share, with a total value of $264,155.54. The disclosure for this purchase can be found here. Insiders own 0.70% of the company’s stock.

Shares of LIN traded up $2.42 during mid-day trading on Monday, hitting $190.14. The stock had a trading volume of 2,029,217 shares, compared to its average volume of 1,533,726. The company has a market capitalization of $102.29 billion, a price-to-earnings ratio of 29.38, a P/E/G ratio of 2.02 and a beta of 0.76. The stock’s fifty day moving average price is $201.55. The company has a debt-to-equity ratio of 0.22, a quick ratio of 1.20 and a current ratio of 1.35. Linde PLC has a 52 week low of $145.95 and a 52 week high of $206.82.

Linde (NYSE:LIN) last issued its earnings results on Friday, May 10th. The basic materials company reported $1.69 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $1.54 by $0.15. The firm had revenue of $6.94 billion for 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%. As a group, research analysts predict that Linde PLC will post 6.95 earnings per share for the current year.

About Linde

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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