TD Asset Management Inc Has $440.29 Million Holdings in Linde plc (NASDAQ:LIN)

TD Asset Management Inc decreased its position in shares of Linde plc (NASDAQ:LIN) by 1.0% in the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 1,003,361 shares of the basic materials company’s stock after selling 10,564 shares during the period. TD Asset Management Inc owned 0.21% of Linde worth $440,285,000 at the end of the most recent quarter.

Other hedge funds also recently bought and sold shares of the company. FineMark National Bank & Trust lifted its holdings in shares of Linde by 2.6% during the second quarter. FineMark National Bank & Trust now owns 15,742 shares of the basic materials company’s stock worth $6,908,000 after buying an additional 395 shares during the last quarter. Carmichael Hill & Associates Inc. acquired a new position in Linde during the 2nd quarter valued at $88,000. Belpointe Asset Management LLC raised its stake in Linde by 3.1% during the 2nd quarter. Belpointe Asset Management LLC now owns 2,225 shares of the basic materials company’s stock valued at $976,000 after purchasing an additional 66 shares during the last quarter. Markel Group Inc. boosted its holdings in Linde by 9.1% in the 2nd quarter. Markel Group Inc. now owns 143,500 shares of the basic materials company’s stock valued at $62,969,000 after purchasing an additional 12,000 shares during the period. Finally, Strategy Asset Managers LLC increased its holdings in shares of Linde by 5.4% during the 2nd quarter. Strategy Asset Managers LLC now owns 873 shares of the basic materials company’s stock worth $383,000 after purchasing an additional 45 shares during the period. 82.80% of the stock is currently owned by institutional investors.

Linde Stock Down 1.1 %

LIN opened at $466.71 on Thursday. The firm has a market cap of $222.85 billion, a price-to-earnings ratio of 36.63, a PEG ratio of 3.00 and a beta of 0.94. The company has a debt-to-equity ratio of 0.43, a quick ratio of 0.80 and a current ratio of 0.95. The firm’s 50-day simple moving average is $450.31 and its 200-day simple moving average is $447.57. Linde plc has a twelve month low of $361.02 and a twelve month high of $479.79.

Linde (NASDAQ:LIN) last issued its quarterly earnings data on Friday, August 2nd. The basic materials company reported $3.85 earnings per share for the quarter, topping the consensus estimate of $3.79 by $0.06. Linde had a net margin of 19.49% and a return on equity of 17.92%. The firm had revenue of $8.30 billion for the quarter, compared to analysts’ expectations of $8.30 billion. During the same period in the prior year, the firm earned $3.57 earnings per share. The company’s quarterly revenue was up 1.2% compared to the same quarter last year. Equities research analysts anticipate that Linde plc will post 15.54 EPS for the current fiscal year.

Linde Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, September 18th. Shareholders of record on Wednesday, September 4th will be given a $1.39 dividend. The ex-dividend date of this dividend is Wednesday, September 4th. This represents a $5.56 annualized dividend and a yield of 1.19%. Linde’s payout ratio is 43.13%.

Wall Street Analyst Weigh In

Several equities research analysts recently weighed in on the stock. Barclays increased their target price on shares of Linde from $460.00 to $510.00 and gave the company an “overweight” rating in a research note on Monday, August 5th. JPMorgan Chase & Co. lifted their price objective on Linde from $430.00 to $480.00 and gave the stock an “overweight” rating in a report on Monday, August 5th. UBS Group lowered their price objective on Linde from $490.00 to $475.00 and set a “neutral” rating on the stock in a research report on Tuesday, July 9th. Citigroup raised their target price on Linde from $470.00 to $480.00 and gave the stock a “neutral” rating in a research report on Friday, July 12th. Finally, Bank of America boosted their price target on shares of Linde from $495.00 to $516.00 and gave the company a “buy” rating in a report on Monday, August 5th. Six research analysts have rated the stock with a hold rating and seven have given a buy rating to the stock. According to data from MarketBeat.com, Linde currently has a consensus rating of “Moderate Buy” and a consensus price target of $484.18.

About Linde

Linde plc operates as an industrial gas company in the Americas, Europe, the Middle East, Africa, Asia, and South Pacific. It offers atmospheric gases, including oxygen, nitrogen, argon, and rare gases; and process gases, such as carbon dioxide, helium, hydrogen, electronic gases, specialty gases, and acetylene.