Toronto Dominion Bank lessened its stake in shares of Linde PLC (NYSE:LIN) by 52.7% in the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 308,692 shares of the basic materials company’s stock after selling 343,712 shares during the quarter. Toronto Dominion Bank owned 0.06% of Linde worth $65,476,000 as of its most recent SEC filing.

Other institutional investors also recently added to or reduced their stakes in the company. Mattern Wealth Management LLC boosted its holdings in Linde by 3.1% in the first quarter. Mattern Wealth Management LLC now owns 4,867 shares of the basic materials company’s stock valued at $842,000 after purchasing an additional 145 shares during the period. DeDora Capital Inc. boosted its holdings in shares of Linde by 3.0% in the second quarter. DeDora Capital Inc. now owns 4,955 shares of the basic materials company’s stock valued at $1,051,000 after acquiring an additional 142 shares during the period. Signaturefd LLC raised its position in Linde by 2.9% in the 2nd quarter. Signaturefd LLC now owns 2,542 shares of the basic materials company’s stock valued at $539,000 after purchasing an additional 72 shares during the last quarter. Public Sector Pension Investment Board raised its holdings in shares of Linde by 4.3% in the first quarter. Public Sector Pension Investment Board now owns 175,696 shares of the basic materials company’s stock valued at $30,395,000 after buying an additional 7,300 shares during the last quarter. Finally, Rothschild & Co. Asset Management US Inc. acquired a new stake in shares of Linde during the first quarter worth about $15,709,000. 73.90% of the stock is currently owned by institutional investors and hedge funds.

Shares of Linde stock traded down $1.97 on Wednesday, reaching $248.76. 72,324 shares of the company were exchanged, compared to its average volume of 2,248,653. The company has a debt-to-equity ratio of 0.23, a quick ratio of 0.69 and a current ratio of 0.80. The firm has a market cap of $131.72 billion, a price-to-earnings ratio of 59.19, a P/E/G ratio of 2.93 and a beta of 0.72. Linde PLC has a 1-year low of $146.71 and a 1-year high of $260.49. The company’s 50-day moving average is $247.89 and its two-hundred day moving average is $208.90.

Linde (NYSE:LIN) last released its quarterly earnings data on Thursday, July 30th. The basic materials company reported $1.90 earnings per share for the quarter, topping the Zacks’ consensus estimate of $1.65 by $0.25. The business had revenue of $6.38 billion for the quarter, compared to analysts’ expectations of $6.26 billion. Linde had a net margin of 8.37% and a return on equity of 8.27%. As a group, sell-side analysts forecast that Linde PLC will post 7.77 earnings per share for the current year.

The business also recently disclosed a quarterly dividend, which will be paid on Friday, September 18th. Investors of record on Thursday, September 3rd will be paid a dividend of $0.963 per share. This represents a $3.85 dividend on an annualized basis and a dividend yield of 1.55%. The ex-dividend date is Wednesday, September 2nd. Linde’s dividend payout ratio is currently 52.45%.

LIN has been the subject of several recent research reports. Morgan Stanley increased their price target on Linde from $205.00 to $275.00 and gave the stock an “overweight” rating in a report on Tuesday, July 28th. Deutsche Bank reaffirmed a “buy” rating on shares of Linde in a report on Monday, August 3rd. JPMorgan Chase & Co. upgraded shares of Linde from a “neutral” rating to an “overweight” rating and raised their price objective for the company from $200.00 to $280.00 in a research note on Friday, July 31st. UBS Group restated a “buy” rating on shares of Linde in a report on Thursday, August 6th. Finally, SunTrust Banks boosted their target price on Linde from $215.00 to $250.00 and gave the stock a “buy” rating in a research report on Friday, July 17th. Six equities research analysts have rated the stock with a hold rating and nineteen have issued a buy rating to the company. Linde presently has an average rating of “Buy” and an average target price of $239.11.

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.

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Institutional Ownership by Quarter for Linde (NYSE:LIN)

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