Amalgamated Bank Has $48.84 Million Stock Position in Linde plc (NASDAQ:LIN)

Amalgamated Bank lowered its position in shares of Linde plc (NASDAQ:LIN) by 4.9% during the 4th quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 118,909 shares of the basic materials company’s stock after selling 6,134 shares during the quarter. Amalgamated Bank’s holdings in Linde were worth $48,837,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds and other institutional investors have also recently modified their holdings of LIN. Winder Pte. Ltd. purchased a new position in Linde in the 3rd quarter valued at approximately $1,892,774,000. J.P. Morgan Private Wealth Advisors LLC bought a new position in Linde in the 3rd quarter worth about $168,636,000. International Assets Investment Management LLC increased its stake in Linde by 33,201.7% in the fourth quarter. International Assets Investment Management LLC now owns 411,942 shares of the basic materials company’s stock valued at $169,189,000 after acquiring an additional 410,705 shares during the last quarter. Nordea Investment Management AB raised its position in Linde by 17.8% during the third quarter. Nordea Investment Management AB now owns 2,592,343 shares of the basic materials company’s stock valued at $973,865,000 after purchasing an additional 391,153 shares in the last quarter. Finally, Alphinity Investment Management Pty Ltd lifted its stake in Linde by 53.1% during the third quarter. Alphinity Investment Management Pty Ltd now owns 1,033,116 shares of the basic materials company’s stock worth $384,681,000 after purchasing an additional 358,492 shares during the last quarter. Hedge funds and other institutional investors own 82.80% of the company’s stock.

Linde Stock Performance

Shares of LIN stock traded down $23.00 during midday trading on Thursday, hitting $419.62. The company had a trading volume of 5,247,836 shares, compared to its average volume of 2,218,316. The stock has a market cap of $202.08 billion, a price-to-earnings ratio of 33.30, a PEG ratio of 2.88 and a beta of 0.94. The company has a debt-to-equity ratio of 0.33, a current ratio of 0.80 and a quick ratio of 0.67. The company’s 50 day simple moving average is $456.50 and its 200 day simple moving average is $422.40. Linde plc has a 52-week low of $350.60 and a 52-week high of $477.71.

Linde (NASDAQ:LIN) last posted its quarterly earnings data on Thursday, May 2nd. The basic materials company reported $3.75 earnings per share for the quarter, beating analysts’ consensus estimates of $3.68 by $0.07. The firm had revenue of $8.10 billion for the quarter, compared to analyst estimates of $8.38 billion. Linde had a net margin of 18.87% and a return on equity of 17.06%. Linde’s quarterly revenue was down 1.1% on a year-over-year basis. During the same period last year, the firm posted $3.42 EPS. Research analysts anticipate that Linde plc will post 15.58 earnings per share for the current fiscal year.

Linde Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, June 18th. Investors of record on Tuesday, June 4th will be issued a dividend of $1.39 per share. This represents a $5.56 dividend on an annualized basis and a yield of 1.33%. The ex-dividend date of this dividend is Tuesday, June 4th. Linde’s dividend payout ratio is presently 44.13%.

Analyst Ratings Changes

A number of equities analysts have commented on LIN shares. Seaport Res Ptn cut Linde from a “buy” rating to a “neutral” rating in a research note on Monday, January 8th. Citigroup cut Linde from a “buy” rating to a “neutral” rating and upped their price objective for the stock from $475.00 to $500.00 in a report on Wednesday, April 10th. Stifel Nicolaus cut shares of Linde from a “buy” rating to a “hold” rating and set a $429.00 price target on the stock. in a research report on Monday, January 22nd. TD Cowen lifted their price objective on shares of Linde from $395.00 to $455.00 and gave the stock a “market perform” rating in a research note on Friday, February 16th. Finally, Wells Fargo & Company upped their target price on shares of Linde from $480.00 to $540.00 and gave the company an “overweight” rating in a research report on Thursday, April 11th. Six analysts have rated the stock with a hold rating and seven have issued a buy rating to the stock. According to MarketBeat.com, Linde has a consensus rating of “Moderate Buy” and a consensus price target of $460.00.

Insider Activity

In other Linde news, VP Sean Durbin sold 5,277 shares of Linde stock in a transaction on Tuesday, March 12th. The shares were sold at an average price of $467.39, for a total value of $2,466,417.03. Following the transaction, the vice president now owns 8,151 shares in the company, valued at approximately $3,809,695.89. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. In other news, CEO Sanjiv Lamba sold 8,306 shares of the firm’s stock in a transaction on Wednesday, March 6th. The shares were sold at an average price of $462.04, for a total value of $3,837,704.24. Following the sale, the chief executive officer now owns 56,398 shares in the company, valued at $26,058,131.92. The sale was disclosed in a filing with the SEC, which is available at this hyperlink. Also, VP Sean Durbin sold 5,277 shares of the company’s stock in a transaction on Tuesday, March 12th. The shares were sold at an average price of $467.39, for a total value of $2,466,417.03. Following the completion of the transaction, the vice president now owns 8,151 shares of the company’s stock, valued at $3,809,695.89. The disclosure for this sale can be found here. In the last three months, insiders sold 78,248 shares of company stock worth $35,811,988. Company insiders own 0.70% of the company’s stock.

Linde Company 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.