Sei Investments Co. Sells 122,976 Shares of Linde plc (NASDAQ:LIN)

Sei Investments Co. lowered its stake in Linde plc (NASDAQ:LIN) by 20.5% during the 2nd quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 476,708 shares of the basic materials company’s stock after selling 122,976 shares during the quarter. Sei Investments Co. owned about 0.10% of Linde worth $209,186,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other large investors have also recently made changes to their positions in LIN. Price T Rowe Associates Inc. MD boosted its position in shares of Linde by 1.3% in the fourth quarter. Price T Rowe Associates Inc. MD now owns 10,796,924 shares of the basic materials company’s stock worth $4,434,406,000 after purchasing an additional 141,322 shares during the period. Douglass Winthrop Advisors LLC boosted its holdings in Linde by 2.0% in the 4th quarter. Douglass Winthrop Advisors LLC now owns 5,278 shares of the basic materials company’s stock worth $2,168,000 after buying an additional 104 shares during the period. Portfolio Design Labs LLC bought a new stake in Linde during the fourth quarter valued at about $1,897,000. Cloverfields Capital Group LP bought a new stake in Linde during the fourth quarter valued at about $718,000. Finally, National Bank of Canada FI boosted its stake in shares of Linde by 46.9% in the first quarter. National Bank of Canada FI now owns 48,211 shares of the basic materials company’s stock worth $20,593,000 after acquiring an additional 15,393 shares during the period. 82.80% of the stock is owned by hedge funds and other institutional investors.

Insider Activity at Linde

In other Linde news, VP John Panikar sold 10,025 shares of the company’s stock in a transaction dated Tuesday, September 10th. The shares were sold at an average price of $462.75, for a total value of $4,639,068.75. Following the transaction, the vice president now directly owns 17,584 shares in the company, valued at approximately $8,136,996. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. 0.70% of the stock is currently owned by company insiders.

Linde Trading Up 0.6 %

LIN opened at $471.91 on Friday. The company has a debt-to-equity ratio of 0.43, a quick ratio of 0.80 and a current ratio of 0.95. The stock’s 50 day moving average price is $458.07 and its 200-day moving average price is $449.38. Linde plc has a one year low of $361.02 and a one year high of $479.79. The stock has a market cap of $225.34 billion, a price-to-earnings ratio of 36.61, a P/E/G ratio of 2.97 and a beta of 0.94.

Linde (NASDAQ:LIN) last announced its quarterly earnings data on Friday, August 2nd. The basic materials company reported $3.85 EPS for the quarter, beating the consensus estimate of $3.79 by $0.06. Linde had a return on equity of 17.92% and a net margin of 19.49%. The company had revenue of $8.30 billion for the quarter, compared to the consensus estimate of $8.30 billion. During the same quarter in the prior year, the company posted $3.57 EPS. Linde’s quarterly revenue was up 1.2% on a year-over-year basis. On average, equities analysts forecast that Linde plc will post 15.54 EPS for the current year.

Linde Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Wednesday, September 18th. Investors of record on Wednesday, September 4th were paid a $1.39 dividend. This represents a $5.56 annualized dividend and a yield of 1.18%. The ex-dividend date of this dividend was Wednesday, September 4th. Linde’s dividend payout ratio is presently 43.13%.

Analyst Ratings Changes

Several equities research analysts have recently issued reports on LIN shares. Barclays lifted their price objective on shares of Linde from $460.00 to $510.00 and gave the company an “overweight” rating in a research report on Monday, August 5th. UBS Group dropped their price objective on shares of Linde from $490.00 to $475.00 and set a “neutral” rating for the company in a report on Tuesday, July 9th. Citigroup lifted their target price on Linde from $470.00 to $480.00 and gave the stock a “neutral” rating in a report on Friday, July 12th. JPMorgan Chase & Co. lifted their price objective on Linde from $430.00 to $480.00 and gave the stock an “overweight” rating in a research note on Monday, August 5th. Finally, BMO Capital Markets reiterated an “outperform” rating and set a $477.00 target price on shares of Linde in a research report on Friday, August 30th. Six equities research analysts have rated the stock with a hold rating and seven have assigned a buy rating to the company’s stock. According to data from MarketBeat.com, Linde has a consensus rating of “Moderate Buy” and a consensus target price of $484.18.

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.