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

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ETRADE Capital Management LLC grew its stake in Linde PLC (NYSE:LIN) by 3.7% in the 2nd quarter, according to its most recent filing with the SEC. The firm owned 28,662 shares of the basic materials company’s stock after buying an additional 1,023 shares during the quarter. ETRADE Capital Management LLC’s holdings in Linde were worth $5,755,000 as of its most recent filing with the SEC.

A number of other hedge funds have also bought and sold shares of the stock. Comerica Securities Inc. bought a new stake in shares of Linde in the fourth quarter worth approximately $309,000. Moors & Cabot Inc. bought a new stake in shares of Linde in the first quarter worth approximately $274,000. Cornerstone Advisors Inc. grew its stake in shares of Linde by 8.4% in the first quarter. Cornerstone Advisors Inc. now owns 1,308 shares of the basic materials company’s stock worth $230,000 after acquiring an additional 101 shares during the period. First Allied Advisory Services Inc. grew its stake in shares of Linde by 26.0% in the first quarter. First Allied Advisory Services Inc. now owns 2,707 shares of the basic materials company’s stock worth $478,000 after acquiring an additional 559 shares during the period. Finally, CIBC Asset Management Inc grew its stake in shares of Linde by 11.7% in the first quarter. CIBC Asset Management Inc now owns 36,939 shares of the basic materials company’s stock worth $6,499,000 after acquiring an additional 3,880 shares during the period. Hedge funds and other institutional investors own 73.79% of the company’s stock.

Shares of LIN traded up $3.45 on Thursday, reaching $191.06. The company’s stock had a trading volume of 46,205 shares, compared to its average volume of 1,735,812. The company has a debt-to-equity ratio of 0.23, a current ratio of 1.02 and a quick ratio of 0.85. Linde PLC has a 12-month low of $145.95 and a 12-month high of $206.82. The stock has a market capitalization of $100.92 billion, a P/E ratio of 28.98, a PEG ratio of 2.05 and a beta of 0.76. The stock’s 50 day simple moving average is $190.09 and its two-hundred day simple moving average is $187.07.

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

In other Linde news, VP Bernd Hugo Eulitz sold 335 shares of Linde stock in a transaction that occurred on Thursday, August 15th. The shares were sold at an average price of $186.43, for a total transaction of $62,454.05. The sale was disclosed in a filing with the SEC, which is accessible through this link. 0.70% of the stock is owned by insiders.

A number of analysts have recently commented on the stock. DZ Bank reiterated a “buy” rating on shares of Linde in a research note on Monday, July 22nd. UBS Group reiterated a “buy” rating on shares of Linde in a research note on Friday, July 12th. JPMorgan Chase & Co. lifted their price target on shares of Linde from $206.00 to $208.00 and gave the stock an “overweight” rating in a research note on Tuesday, August 6th. Jefferies Financial Group reiterated a “buy” rating on shares of Linde in a research note on Friday, June 21st. Finally, ValuEngine lowered shares of Linde from a “hold” rating to a “sell” rating in a research note on Tuesday, August 6th. Three research analysts have rated the stock with a sell rating, four have issued a hold rating and thirteen have issued a buy rating to the company. The stock has a consensus rating of “Buy” and a consensus 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.

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Institutional Ownership by Quarter for Linde (NYSE:LIN)

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