Bank of Nova Scotia Trims Stock Holdings in Linde PLC (NYSE:LIN)

Bank of Nova Scotia lessened its position in Linde PLC (NYSE:LIN) by 5.7% in the second quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 136,833 shares of the basic materials company’s stock after selling 8,269 shares during the quarter. Bank of Nova Scotia’s holdings in Linde were worth $25,613,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in LIN. Barrow Hanley Mewhinney & Strauss LLC lifted its position in shares of Linde by 0.5% in the second quarter. Barrow Hanley Mewhinney & Strauss LLC now owns 1,700,180 shares of the basic materials company’s stock valued at $341,396,000 after acquiring an additional 8,833 shares in the last quarter. Parametric Portfolio Associates LLC lifted its position in shares of Linde by 4.4% in the second quarter. Parametric Portfolio Associates LLC now owns 1,442,650 shares of the basic materials company’s stock worth $289,684,000 after buying an additional 60,536 shares in the last quarter. MML Investors Services LLC lifted its position in shares of Linde by 11.0% in the second quarter. MML Investors Services LLC now owns 10,996 shares of the basic materials company’s stock worth $2,208,000 after buying an additional 1,086 shares in the last quarter. Toronto Dominion Bank lifted its position in shares of Linde by 194.9% in the second quarter. Toronto Dominion Bank now owns 1,106,620 shares of the basic materials company’s stock worth $222,236,000 after buying an additional 731,334 shares in the last quarter. Finally, Impax Asset Management Group plc lifted its position in shares of Linde by 13.4% in the second quarter. Impax Asset Management Group plc now owns 723,369 shares of the basic materials company’s stock worth $145,252,000 after buying an additional 85,297 shares in the last quarter. Institutional investors own 73.81% of the company’s stock.

A number of equities research analysts recently commented on LIN shares. Jefferies Financial Group reiterated a “buy” rating on shares of Linde in a research report on Friday, June 21st. DZ Bank reiterated a “buy” rating on shares of Linde in a research report on Monday, July 22nd. Deutsche Bank boosted their target price on Linde from $205.00 to $215.00 and gave the stock a “buy” rating in a research report on Tuesday, August 6th. ValuEngine downgraded Linde from a “hold” rating to a “sell” rating in a research report on Tuesday, August 6th. Finally, Zacks Investment Research upgraded Linde from a “hold” rating to a “buy” rating and set a $211.00 target price on the stock in a research report on Thursday, August 8th. Three analysts have rated the stock with a sell rating, four have given a hold rating and thirteen have issued a buy rating to the company. The company has a consensus rating of “Buy” and an average target price of $201.83.

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

LIN opened at $191.55 on Friday. The stock has a market cap of $104.76 billion, a price-to-earnings ratio of 30.09, a P/E/G ratio of 2.13 and a beta of 0.76. The stock’s 50 day moving average price is $189.48 and its 200-day moving average price is $188.70. Linde PLC has a one year low of $145.95 and a one year high of $206.82. The company has a debt-to-equity ratio of 0.23, a quick ratio of 0.85 and a current ratio of 1.02.

Linde (NYSE:LIN) last released its earnings results on Monday, August 5th. The basic materials company reported $1.83 EPS for the quarter, beating analysts’ consensus estimates of $1.75 by $0.08. The firm had revenue of $7.20 billion for the quarter, compared to analysts’ expectations of $7.16 billion. Linde had a return on equity of 12.10% and a net margin of 19.45%. As a group, analysts predict that Linde PLC will post 7.13 earnings per share for the current fiscal year.

The firm also recently announced a dividend, which was paid on Tuesday, September 17th. Stockholders of record on Tuesday, September 3rd were paid a dividend of $0.875 per share. The ex-dividend date of this dividend was 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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