Mitsubishi UFJ Kokusai Asset Management Co. Ltd. Takes $10.53 Million Position in Linde PLC (LIN)

Mitsubishi UFJ Kokusai Asset Management Co. Ltd. purchased a new position in Linde PLC (NYSE:LIN) during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor purchased 69,135 shares of the basic materials company’s stock, valued at approximately $10,529,000.

Several other hedge funds and other institutional investors also recently bought and sold shares of the company. Saturna Capital CORP bought a new position in shares of Linde in the fourth quarter worth about $34,632,000. Level Four Advisory Services LLC bought a new position in Linde during the 4th quarter worth about $215,000. M&R Capital Management Inc. bought a new position in Linde during the 4th quarter worth about $42,000. PNC Financial Services Group Inc. bought a new position in Linde during the 4th quarter worth about $35,581,000. Finally, Acadian Asset Management LLC bought a new position in Linde during the 4th quarter worth about $105,000. Hedge funds and other institutional investors own 48.46% of the company’s stock.

Get Linde alerts:

Several research analysts have issued reports on the stock. Zacks Investment Research cut shares of Linde from a “hold” rating to a “sell” rating in a report on Tuesday, January 8th. Commerzbank reiterated a “neutral” rating on shares of Linde in a report on Thursday, November 15th. BMO Capital Markets assumed coverage on shares of Linde in a report on Tuesday, November 6th. They set a “market perform” rating on the stock. Sanford C. Bernstein assumed coverage on shares of Linde in a report on Monday, November 5th. They set an “underperform” rating on the stock. Finally, Jefferies Financial Group reiterated a “buy” rating on shares of Linde in a report on Monday, November 12th. Two research analysts have rated the stock with a sell rating, four have issued a hold rating and ten have issued a buy rating to the company’s stock. Linde has a consensus rating of “Buy” and an average target price of $185.20.

In other Linde news, Director Robert L. Wood sold 1,800 shares of the stock in a transaction dated Wednesday, December 19th. The shares were sold at an average price of $158.03, for a total transaction of $284,454.00. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, insider Christian Bruch purchased 693 shares of the firm’s stock in a transaction on Friday, November 23rd. The shares were purchased at an average cost of $156.49 per share, with a total value of $108,447.57. The disclosure for this purchase can be found here. Over the last three months, insiders have sold 15,884 shares of company stock valued at $2,551,222. Insiders own 0.23% of the company’s stock.

LIN stock opened at $170.30 on Thursday. The stock has a market cap of $92.50 billion, a price-to-earnings ratio of 29.11, a PEG ratio of 1.77 and a beta of 0.77. Linde PLC has a one year low of $145.95 and a one year high of $171.01. The company has a quick ratio of 0.70, a current ratio of 0.86 and a debt-to-equity ratio of 0.98.

COPYRIGHT VIOLATION NOTICE: “Mitsubishi UFJ Kokusai Asset Management Co. Ltd. Takes $10.53 Million Position in Linde PLC (LIN)” was posted by Ticker Report and is owned by of Ticker Report. If you are viewing this report on another publication, it was illegally stolen and republished in violation of United States & international copyright laws. The original version of this report can be viewed at https://www.tickerreport.com/banking-finance/4169105/mitsubishi-ufj-kokusai-asset-management-co-ltd-takes-10-53-million-position-in-linde-plc-lin.html.

About Linde

Linde plc operates as an industrial gas and engineering company. The company offers oxygen, nitrogen, argon, rare gases, carbon monoxide, carbon dioxide, helium, hydrogen, electronic gases, specialty gases, acetylene, shielding gases, and noble gases, as well as develops and distributes procedures and systems for gas applications.

Featured Article: What are the risks of holding treasury bonds?

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).