Mutual of America Capital Management LLC Has $23.88 Million Stock Holdings in Linde plc (NASDAQ:LIN)

Mutual of America Capital Management LLC decreased its holdings in shares of Linde plc (NASDAQ:LIN) by 3.6% during the 4th quarter, HoldingsChannel.com reports. The institutional investor owned 57,035 shares of the basic materials company’s stock after selling 2,154 shares during the period. Mutual of America Capital Management LLC’s holdings in Linde were worth $23,879,000 as of its most recent SEC filing.

Several other institutional investors have also recently bought and sold shares of the business. Synergy Asset Management LLC bought a new stake in shares of Linde in the 4th quarter worth $25,000. Strategic Financial Concepts LLC bought a new stake in shares of Linde in the 4th quarter worth $28,000. Global Wealth Strategies & Associates grew its stake in shares of Linde by 144.8% in the 4th quarter. Global Wealth Strategies & Associates now owns 71 shares of the basic materials company’s stock worth $30,000 after acquiring an additional 42 shares in the last quarter. Retirement Wealth Solutions LLC bought a new stake in shares of Linde in the 4th quarter worth $34,000. Finally, Kozak & Associates Inc. grew its stake in shares of Linde by 38.6% in the 4th quarter. Kozak & Associates Inc. now owns 97 shares of the basic materials company’s stock worth $40,000 after acquiring an additional 27 shares in the last quarter. Institutional investors and hedge funds own 82.80% of the company’s stock.

Analysts Set New Price Targets

Several research firms have recently issued reports on LIN. Deutsche Bank Aktiengesellschaft upped 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. Erste Group Bank reiterated a “hold” rating on shares of Linde in a research note on Tuesday, November 19th. BMO Capital Markets upped their target price on shares of Linde from $477.00 to $507.00 and gave the stock an “outperform” rating in a research note on Friday, November 1st. Citigroup reduced their price target on shares of Linde from $490.00 to $480.00 and set a “neutral” rating for the company in a research report on Wednesday, December 18th. Finally, Mizuho increased their price target on shares of Linde from $520.00 to $530.00 and gave the company an “outperform” rating in a research report on Friday, November 1st. Four research analysts have rated the stock with a hold rating and nine have assigned a buy rating to the company. Based on data from MarketBeat, Linde has a consensus rating of “Moderate Buy” and an average price target of $501.82.

Insiders Place Their Bets

In other Linde news, VP David P. Strauss sold 2,218 shares of the stock in a transaction that occurred on Monday, December 16th. The shares were sold at an average price of $434.35, for a total value of $963,388.30. Following the sale, the vice president now directly owns 25,926 shares in the company, valued at $11,260,958.10. This represents a 7.88 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, Director Paula Rosput Reynolds purchased 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, with a total value of $44,134.00. Following the completion of the acquisition, the director now owns 233 shares in the company, valued at approximately $102,832.22. This trade represents a 75.19 % increase in their ownership of the stock. The disclosure for this purchase can be found here. Insiders sold a total of 16,285 shares of company stock worth $7,423,986 in the last quarter. 0.60% of the stock is owned by company insiders.

Linde Price Performance

NASDAQ LIN opened at $467.05 on Friday. The company has a market cap of $222.39 billion, a PE ratio of 34.32, a price-to-earnings-growth ratio of 3.08 and a beta of 0.94. The company has a quick ratio of 0.76, a current ratio of 0.89 and a debt-to-equity ratio of 0.39. The firm’s 50-day simple moving average is $440.68 and its two-hundred day simple moving average is $454.93. Linde plc has a 52 week low of $410.69 and a 52 week high of $487.49.

Linde (NASDAQ:LIN) last released its quarterly earnings data 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 net margin of 19.89% and a return on equity of 18.71%. Research analysts predict that Linde plc will post 16.54 earnings per share for the current year.

Linde Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, March 27th. Investors of record on Thursday, March 13th will be issued a dividend of $1.50 per share. This is a boost from Linde’s previous quarterly dividend of $1.39. The ex-dividend date of this dividend is Thursday, March 13th. This represents a $6.00 dividend on an annualized basis and a yield of 1.28%. Linde’s dividend payout ratio is 44.09%.

Linde 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.