Perpetual Ltd Divests Significant Stakes in Medtronic and Linde

Perpetual Ltd has significantly reduced its holdings in Medtronic PLC (MDT) and Linde PLC (LIN) during the latest reporting period. The firm sold 97,299 shares of Medtronic, representing an 88% reduction in its position. Even more substantial was the divestment from Linde, where Perpetual liquidated 96.7% of its holdings by selling 162,059 shares. Despite these major sales, broader institutional sentiment remains mixed as Temasek Holdings and the National Pension Service increased their stakes in Linde. Analysts maintain a "Moderate Buy" consensus for both companies, suggesting Perpetual's move may be a strategic portfolio rebalancing rather than a reflection of deteriorating fundamentals. Both MDT and LIN continue to show positive financial outlooks and consistent dividend growth.