Janney Capital Management LLC Trims Stake in Linde PLC $LIN

Janney Capital Management LLC reduced its position in Linde PLC (NASDAQ:LIN) by 1.9% during the second quarter, HoldingsChannel.com reports. The firm owned 20,784 shares of the basic materials company’s stock after selling 393 shares during the period. Janney Capital Management LLC’s holdings in Linde were worth $9,752,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. North Capital Inc. purchased a new stake in Linde in the 1st quarter worth about $25,000. Abound Financial LLC purchased a new stake in Linde in the 1st quarter worth about $41,000. eCIO Inc. purchased a new stake in Linde in the 1st quarter worth about $45,000. Clal Insurance Enterprises Holdings Ltd grew its stake in Linde by 445.0% in the 1st quarter. Clal Insurance Enterprises Holdings Ltd now owns 109 shares of the basic materials company’s stock worth $51,000 after acquiring an additional 89 shares in the last quarter. Finally, Nova Wealth Management Inc. purchased a new position in shares of Linde during the first quarter worth approximately $52,000. 82.80% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

A number of brokerages have recently commented on LIN. JPMorgan Chase & Co. raised their target price on shares of Linde from $470.00 to $475.00 and gave the stock an “overweight” rating in a research report on Monday, August 4th. Citigroup raised shares of Linde from a “neutral” rating to a “buy” rating and raised their target price for the stock from $500.00 to $535.00 in a research report on Monday, June 30th. UBS Group raised their target price on shares of Linde from $485.00 to $504.00 and gave the stock a “neutral” rating in a research report on Wednesday, July 9th. Finally, Royal Bank Of Canada began coverage on shares of Linde in a research report on Friday, June 13th. They set an “outperform” rating and a $576.00 target price on the stock. Two equities research analysts have rated the stock with a Strong Buy rating, seven have given a Buy rating and two have given a Hold rating to the company. According to data from MarketBeat.com, Linde currently has an average rating of “Buy” and an average price target of $519.63.

Insider Activity

In other news, Director Stephen F. Angel sold 50,309 shares of the stock in a transaction that occurred on Thursday, August 7th. The shares were sold at an average price of $473.38, for a total transaction of $23,815,274.42. Following the transaction, the director directly owned 480,543 shares in the company, valued at approximately $227,479,445.34. This trade represents a 9.48% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Corporate insiders own 0.70% of the company’s stock.

Linde Price Performance

NASDAQ LIN opened at $476.49 on Tuesday. The company has a debt-to-equity ratio of 0.49, a quick ratio of 0.78 and a current ratio of 0.93. The firm’s 50 day moving average price is $474.74 and its 200-day moving average price is $464.11. Linde PLC has a 52-week low of $408.65 and a 52-week high of $487.49. The company has a market cap of $223.43 billion, a PE ratio of 33.89, a P/E/G ratio of 3.13 and a beta of 0.95.

Linde (NASDAQ:LIN) last released its quarterly earnings data on Friday, August 1st. The basic materials company reported $4.09 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $4.03 by $0.06. Linde had a net margin of 20.20% and a return on equity of 19.09%. The firm had revenue of $8.50 billion for the quarter, compared to the consensus estimate of $8.35 billion. During the same period last year, the firm earned $3.85 earnings per share. The company’s quarterly revenue was up 2.3% on a year-over-year basis. Linde has set its FY 2025 guidance at 16.300-16.500 EPS. Q3 2025 guidance at 4.100-4.20 EPS. Sell-side analysts forecast that Linde PLC will post 16.54 EPS for the current fiscal year.

Linde Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Thursday, September 18th. Stockholders of record on Thursday, September 4th were paid a dividend of $1.50 per share. The ex-dividend date was Thursday, September 4th. This represents a $6.00 dividend on an annualized basis and a dividend yield of 1.3%. Linde’s dividend payout ratio (DPR) is currently 42.67%.

Linde Profile

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.