ETRADE Capital Management LLC Raises Stake in Linde PLC (NYSE:LIN)

ETRADE Capital Management LLC grew its stake in shares of Linde PLC (NYSE:LIN) by 3.7% in the second quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 28,662 shares of the basic materials company’s stock after purchasing an additional 1,023 shares during the quarter. ETRADE Capital Management LLC’s holdings in Linde were worth $5,755,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds also recently modified their holdings of LIN. Krane Funds Advisors LLC purchased a new stake in shares of Linde during the second quarter valued at $25,000. Israel Discount Bank of New York purchased a new stake in shares of Linde during the first quarter valued at $35,000. Alera Investment Advisors LLC boosted its stake in shares of Linde by 50.9% during the first quarter. Alera Investment Advisors LLC now owns 243 shares of the basic materials company’s stock valued at $43,000 after purchasing an additional 82 shares during the period. Ruggie Capital Group purchased a new stake in shares of Linde during the second quarter valued at $48,000. Finally, Ibex Wealth Advisors purchased a new stake in shares of Linde during the second quarter valued at $50,000. 73.79% of the stock is owned by hedge funds and other institutional investors.

A number of brokerages have recently issued reports on LIN. Deutsche Bank boosted their target price on shares of Linde from $205.00 to $215.00 and gave the company a “buy” rating in a research note on Tuesday, August 6th. UBS Group reaffirmed a “buy” rating on shares of Linde in a research note on Friday, July 12th. KeyCorp upped their price objective on shares of Linde from $205.00 to $220.00 and gave the stock an “overweight” rating in a research note on Tuesday, July 9th. ValuEngine lowered shares of Linde from a “hold” rating to a “sell” rating in a research note on Tuesday, August 6th. Finally, Bank of America upped their price objective on shares of Linde from $180.00 to $184.00 and gave the stock an “underperform” rating in a research note on Tuesday, August 6th. Three 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 company. The stock presently has an average rating of “Buy” and an average price target of $201.83.

In other Linde 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 transaction of $62,454.05. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Corporate insiders own 0.70% of the company’s stock.

Shares of LIN stock traded up $3.45 during mid-day trading on Thursday, hitting $191.06. 46,205 shares of the stock traded hands, compared to its average volume of 1,735,812. The stock has a market cap of $100.92 billion, a P/E ratio of 28.98, a P/E/G ratio of 2.05 and a beta of 0.76. The stock’s fifty day moving average is $190.09 and its two-hundred day moving average is $187.07. Linde PLC has a 52-week low of $145.95 and a 52-week high of $206.82. The company has a debt-to-equity ratio of 0.23, a current ratio of 1.02 and a quick ratio of 0.85.

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

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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