Jennison Associates LLC Purchases 282,628 Shares of Linde PLC (NYSE:LIN)

Share on StockTwits

Jennison Associates LLC increased its position in Linde PLC (NYSE:LIN) by 76.7% in the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 651,242 shares of the basic materials company’s stock after buying an additional 282,628 shares during the quarter. Jennison Associates LLC owned 0.12% of Linde worth $130,769,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other large investors have also recently added to or reduced their stakes in the stock. Great Valley Advisor Group Inc. lifted its position in Linde by 2.3% in the 2nd quarter. Great Valley Advisor Group Inc. now owns 2,285 shares of the basic materials company’s stock worth $459,000 after buying an additional 51 shares during the last quarter. Enterprise Financial Services Corp lifted its position in Linde by 26.0% in the 2nd quarter. Enterprise Financial Services Corp now owns 262 shares of the basic materials company’s stock worth $53,000 after buying an additional 54 shares during the last quarter. MAI Capital Management lifted its position in Linde by 4.4% in the 1st quarter. MAI Capital Management now owns 1,388 shares of the basic materials company’s stock worth $244,000 after buying an additional 58 shares during the last quarter. Lee Financial Co lifted its position in Linde by 0.9% in the 1st quarter. Lee Financial Co now owns 6,872 shares of the basic materials company’s stock worth $1,209,000 after buying an additional 60 shares during the last quarter. Finally, Telemus Capital LLC lifted its position in Linde by 1.4% in the 1st quarter. Telemus Capital LLC now owns 5,370 shares of the basic materials company’s stock worth $945,000 after buying an additional 75 shares during the last quarter. Institutional investors own 72.65% of the company’s stock.

Shares of LIN traded down $2.87 during mid-day trading on Friday, hitting $184.26. 1,388,777 shares of the company’s stock traded hands, compared to its average volume of 2,028,996. The company has a quick ratio of 0.85, a current ratio of 1.02 and a debt-to-equity ratio of 0.23. Linde PLC has a 1 year low of $145.95 and a 1 year high of $206.82. The firm has a market capitalization of $101.97 billion, a P/E ratio of 29.28, a PEG ratio of 2.08 and a beta of 0.76. The business’s 50-day moving average price is $196.23 and its 200-day moving average price is $185.09.

The firm also recently announced a dividend, which will be paid on Tuesday, September 17th. Stockholders of record on Tuesday, September 3rd will be paid a dividend of $0.875 per share. The ex-dividend date of this dividend is Friday, August 30th.

In other news, VP Bernd Hugo Eulitz sold 335 shares of the business’s stock in a transaction that occurred on Thursday, August 15th. The stock was sold at an average price of $186.43, for a total transaction of $62,454.05. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. Also, CEO Stephen F. Angel sold 56,574 shares of the business’s stock in a transaction that occurred on Thursday, June 6th. The shares were sold at an average price of $197.27, for a total value of $11,160,352.98. The disclosure for this sale can be found here. 0.70% of the stock is currently owned by insiders.

LIN has been the subject of several recent research reports. UBS Group reiterated a “buy” rating on shares of Linde in a research report on Friday, July 12th. Jefferies Financial Group reiterated a “buy” rating on shares of Linde in a research report on Friday, June 21st. ValuEngine downgraded Linde from a “hold” rating to a “sell” rating in a research report on Tuesday, August 6th. BMO Capital Markets upgraded Linde from a “market perform” rating to an “outperform” rating and set a $210.00 price objective for the company in a research report on Monday, May 13th. Finally, JPMorgan Chase & Co. boosted their price objective on Linde from $206.00 to $208.00 and gave the company an “overweight” rating in a research report on Tuesday, August 6th. Three equities research analysts have rated the stock with a sell rating, four have assigned a hold rating and thirteen have issued a buy rating to the stock. Linde presently has a consensus rating of “Buy” and an average target price of $201.83.

Linde Company Profile

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.

Further Reading: Google Finance

Want to see what other hedge funds are holding LIN? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Linde PLC (NYSE:LIN).

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.



Latest News

EZCORP  Stock Price Down 11.5%
EZCORP Stock Price Down 11.5%
Opera  Stock Price Down 7.5%
Opera Stock Price Down 7.5%
Lexicon Pharmaceuticals  Trading Down 9.2%
Lexicon Pharmaceuticals Trading Down 9.2%
Hi-Crush  Trading Down 6.8%
Hi-Crush Trading Down 6.8%
Spi Energy  Trading Down 12.2%
Spi Energy Trading Down 12.2%
Dynagas LNG Partners  Trading Down 8.3%
Dynagas LNG Partners Trading Down 8.3%


© 2006-2019 Ticker Report