Sachetta LLC Reduces Position in Linde PLC $LIN

Sachetta LLC decreased its position in Linde PLC (NASDAQ:LIN) by 3.2% during the 2nd quarter, according to its most recent disclosure with the SEC. The fund owned 1,013 shares of the basic materials company’s stock after selling 34 shares during the period. Sachetta LLC’s holdings in Linde were worth $475,000 as of its most recent SEC filing.

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 during the 1st quarter valued at $25,000. Abound Financial LLC bought a new position in shares of Linde during the first quarter valued at about $41,000. eCIO Inc. purchased a new stake in shares of Linde during the first quarter worth about $45,000. Clal Insurance Enterprises Holdings Ltd boosted its holdings in shares of Linde by 445.0% during the first quarter. Clal Insurance Enterprises Holdings Ltd now owns 109 shares of the basic materials company’s stock worth $51,000 after purchasing an additional 89 shares during the period. Finally, Nova Wealth Management Inc. bought a new stake in shares of Linde in the first quarter worth about $52,000. 82.80% of the stock is currently owned by institutional investors.

Insider Buying and Selling at Linde

In other news, Director Stephen F. Angel sold 50,309 shares of the company’s stock in a transaction dated Thursday, August 7th. The shares were sold at an average price of $473.38, for a total value of $23,815,274.42. Following the sale, the director directly owned 480,543 shares of the company’s stock, valued at $227,479,445.34. This represents a 9.48% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. 0.70% of the stock is owned by corporate insiders.

Linde Stock Up 0.4%

Shares of NASDAQ:LIN opened at $468.55 on Tuesday. The firm has a market capitalization of $219.71 billion, a P/E ratio of 33.33, a P/E/G ratio of 3.08 and a beta of 0.93. 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 stock has a 50 day moving average price of $474.59 and a 200-day moving average price of $464.46. Linde PLC has a 52-week low of $408.65 and a 52-week high of $487.49.

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

Linde Announces Dividend

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

Wall Street Analysts Forecast Growth

A number of research analysts have commented on the company. JPMorgan Chase & Co. upped their price target on Linde from $470.00 to $475.00 and gave the company an “overweight” rating in a research report on Monday, August 4th. Citigroup boosted their target price on Linde from $530.00 to $535.00 and gave the company a “buy” rating in a research note on Monday. UBS Group decreased their target price on Linde from $510.00 to $507.00 and set a “neutral” rating for the company in a report on Monday. Weiss Ratings reaffirmed a “buy (b)” rating on shares of Linde in a research note on Saturday, September 27th. 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 price objective on the stock. Two analysts have rated the stock with a Strong Buy rating, eight have issued a Buy rating and two have given a Hold rating to the company’s stock. According to data from MarketBeat, Linde currently has a consensus rating of “Buy” and a consensus target price of $520.00.

Linde Company 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.