Mitsubishi UFJ Kokusai Asset Management Co. Ltd. Grows Stake in Linde PLC (LIN)

Mitsubishi UFJ Kokusai Asset Management Co. Ltd. grew its holdings in shares of Linde PLC (NYSE:LIN) by 6.9% in the 1st quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 73,936 shares of the basic materials company’s stock after purchasing an additional 4,801 shares during the quarter. Mitsubishi UFJ Kokusai Asset Management Co. Ltd.’s holdings in Linde were worth $13,008,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds and other institutional investors have also added to or reduced their stakes in the company. Insight Wealth Strategies LLC increased its position in shares of Linde by 3.5% during the 1st 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 during the last quarter. Private Trust Co. NA increased its holdings in Linde by 2.2% in the 1st quarter. Private Trust Co. NA now owns 3,552 shares of the basic materials company’s stock worth $624,000 after acquiring an additional 75 shares in the last quarter. Clarus Wealth Advisors increased its holdings in Linde by 8.5% in the 1st quarter. Clarus Wealth Advisors now owns 1,196 shares of the basic materials company’s stock worth $210,000 after acquiring an additional 94 shares in the last quarter. Private Capital Group LLC increased its holdings in Linde by 9.8% in the 1st quarter. Private Capital Group LLC now owns 1,135 shares of the basic materials company’s stock worth $200,000 after acquiring an additional 101 shares in the last quarter. Finally, Somerset Trust Co increased its holdings in Linde by 1.6% in the 1st quarter. Somerset Trust Co now owns 9,862 shares of the basic materials company’s stock worth $1,735,000 after acquiring an additional 159 shares in the last quarter. 73.90% of the stock is owned by hedge funds and other institutional investors.

In other Linde news, CEO Stephen F. Angel sold 54,994 shares of the company’s stock in a transaction that occurred on Monday, April 8th. The stock was sold at an average price of $184.46, for a total value of $10,144,193.24. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, CFO Matthew J. White sold 7,749 shares of the company’s stock in a transaction that occurred on Friday, February 1st. The stock was sold at an average price of $164.99, for a total value of $1,278,507.51. The disclosure for this sale can be found here. Insiders sold a total of 73,675 shares of company stock valued at $13,419,200 over the last 90 days. 0.23% of the stock is currently owned by corporate insiders.

LIN stock opened at $178.26 on Monday. Linde PLC has a 1-year low of $145.95 and a 1-year high of $185.92. The company has a quick ratio of 1.21, a current ratio of 1.33 and a debt-to-equity ratio of 0.22. The company has a market capitalization of $97.14 billion, a price-to-earnings ratio of 30.47, a price-to-earnings-growth ratio of 1.95 and a beta of 0.78.

Several research firms recently issued reports on LIN. Argus began coverage on shares of Linde in a report on Friday, March 22nd. They issued a “hold” rating and a $175.10 target price for the company. Societe Generale reissued a “buy” rating on shares of Linde in a report on Monday, April 15th. KeyCorp increased their target price on shares of Linde from $188.00 to $205.00 and gave the stock an “overweight” rating in a report on Wednesday, April 3rd. SunTrust Banks increased their target price on shares of Linde to $196.00 and gave the stock a “buy” rating in a report on Thursday, April 4th. They noted that the move was a valuation call. Finally, ValuEngine lowered shares of Linde from a “buy” rating to a “hold” rating in a report on Monday, April 1st. Two equities research analysts have rated the stock with a sell rating, six have issued a hold rating and ten have issued a buy rating to the company. The company currently has a consensus rating of “Hold” and a consensus price target of $188.18.

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Linde Company Profile

Linde plc operates as an industrial gas company in North and South America, Europe, the Middle East, Africa, and the Asia Pacific. The company offers oxygen, nitrogen, argon, rare gases, carbon monoxide, carbon dioxide, helium, hydrogen, electronic gases, specialty gases, and acetylene. It also designs and constructs turnkey process plants, such as olefin, natural gas, air separation, and hydrogen and synthesis gas plants.

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Institutional Ownership by Quarter for Linde (NYSE:LIN)

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