Linde PLC (NYSE:LIN) Shares Sold by Zurich Insurance Group Ltd FI

Zurich Insurance Group Ltd FI trimmed its holdings in shares of Linde PLC (NYSE:LIN) by 7.0% during the second quarter, according to its most recent Form 13F filing with the SEC. The firm owned 320,243 shares of the basic materials company’s stock after selling 24,167 shares during the period. Linde accounts for 1.3% of Zurich Insurance Group Ltd FI’s portfolio, making the stock its 11th biggest position. Zurich Insurance Group Ltd FI owned approximately 0.06% of Linde worth $64,377,000 as of its most recent SEC filing.

Several other large investors have also modified their holdings of LIN. Amundi Pioneer Asset Management Inc. raised its holdings in shares of 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 purchasing an additional 4,892,828 shares during the period. Thoroughbred Financial Services LLC raised its holdings in shares of Linde by 20,056.1% during the second quarter. Thoroughbred Financial Services LLC now owns 1,451,036 shares of the basic materials company’s stock worth $145,104,000 after purchasing an additional 1,443,837 shares during the period. Toronto Dominion Bank raised its holdings in shares of Linde by 194.9% during the second quarter. Toronto Dominion Bank now owns 1,106,620 shares of the basic materials company’s stock worth $222,236,000 after purchasing an additional 731,334 shares during the period. BlackRock Inc. increased its holdings in shares of Linde by 2.1% in the 1st quarter. BlackRock Inc. now owns 31,573,871 shares of the basic materials company’s stock worth $5,554,790,000 after acquiring an additional 636,524 shares during the period. Finally, Senator Investment Group LP acquired a new stake in shares of Linde in the 2nd quarter worth about $100,400,000. 73.81% of the stock is currently owned by institutional investors.

LIN has been the topic of a number of analyst reports. Jefferies Financial Group reaffirmed a “buy” rating on shares of Linde in a report on Friday, June 21st. Bank of America increased their price objective on shares of Linde from $180.00 to $184.00 and gave the stock an “underperform” rating in a report on Tuesday, August 6th. KeyCorp increased their price objective on shares of Linde from $205.00 to $220.00 and gave the stock an “overweight” rating in a report on Tuesday, July 9th. ValuEngine cut shares of Linde from a “hold” rating to a “sell” rating in a report on Tuesday, August 6th. Finally, DZ Bank reaffirmed a “buy” rating on shares of Linde in a report on Monday, July 22nd. Three investment analysts have rated the stock with a sell rating, four have issued a hold rating and thirteen have issued a buy rating to the company. The company has an average rating of “Buy” and a consensus target price of $201.83.

LIN traded down $0.33 on Friday, reaching $193.91. The company had a trading volume of 1,499,934 shares, compared to its average volume of 1,456,291. The company has a fifty day moving average of $188.95 and a 200-day moving average of $187.74. The company has a market capitalization of $104.75 billion, a P/E ratio of 30.08, a PEG ratio of 2.13 and a beta of 0.76. The company has a current ratio of 1.02, a quick ratio of 0.85 and a debt-to-equity ratio of 0.23. Linde PLC has a one year low of $145.95 and a one year high of $206.82.

The business also recently announced a dividend, which was paid on Tuesday, September 17th. Investors of record on Tuesday, September 3rd were given a $0.875 dividend. The ex-dividend date of this dividend was Friday, August 30th.

In related news, VP Bernd Hugo Eulitz sold 335 shares of the stock in a transaction dated Thursday, August 15th. The shares were sold at an average price of $186.43, for a total value of $62,454.05. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Corporate insiders own 0.70% of the company’s stock.

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.

Read More: What is a Market Correction?

Institutional Ownership by Quarter for Linde (NYSE:LIN)

Receive News & Ratings for Linde Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Linde and related companies with MarketBeat.com's FREE daily email newsletter.