Spectrum Asset Management Inc. NB CA Sells 301 Shares of Linde PLC $LIN

Spectrum Asset Management Inc. NB CA trimmed its holdings in Linde PLC (NASDAQ:LIN) by 3.4% in the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 8,569 shares of the basic materials company’s stock after selling 301 shares during the quarter. Linde comprises about 1.7% of Spectrum Asset Management Inc. NB CA’s investment portfolio, making the stock its 22nd biggest holding. Spectrum Asset Management Inc. NB CA’s holdings in Linde were worth $4,020,000 at the end of the most recent quarter.

Several other hedge funds have also bought and sold shares of the business. Sax Wealth Advisors LLC grew its holdings in Linde by 4.8% in the second quarter. Sax Wealth Advisors LLC now owns 1,354 shares of the basic materials company’s stock worth $635,000 after purchasing an additional 62 shares during the period. Friedenthal Financial purchased a new position in shares of Linde during the second quarter valued at approximately $91,000. Canopy Partners LLC boosted its position in shares of Linde by 2.9% in the 2nd quarter. Canopy Partners LLC now owns 788 shares of the basic materials company’s stock worth $370,000 after purchasing an additional 22 shares in the last quarter. SGL Investment Advisors Inc. grew its stake in shares of Linde by 9.9% in the 2nd quarter. SGL Investment Advisors Inc. now owns 832 shares of the basic materials company’s stock worth $391,000 after buying an additional 75 shares during the last quarter. Finally, Roundview Capital LLC grew its stake in shares of Linde by 1.7% in the 2nd quarter. Roundview Capital LLC now owns 3,860 shares of the basic materials company’s stock worth $1,811,000 after buying an additional 65 shares during the last quarter. Institutional investors own 82.80% of the company’s stock.

Wall Street Analyst Weigh In

LIN has been the subject of a number of recent research reports. UBS Group lowered their price objective on Linde from $510.00 to $507.00 and set a “neutral” rating for the company in a research note on Monday. Weiss Ratings reaffirmed a “buy (b)” rating on shares of Linde in a research report on Saturday, September 27th. Royal Bank Of Canada began coverage on shares of Linde in a research note on Friday, June 13th. They issued an “outperform” rating and a $576.00 price target on the stock. Citigroup increased their price objective on shares of Linde from $530.00 to $535.00 and gave the company a “buy” rating in a research report on Monday. Finally, JPMorgan Chase & Co. raised their price objective on shares of Linde from $470.00 to $475.00 and gave the company an “overweight” rating in a research note on Monday, August 4th. Two equities research analysts have rated the stock with a Strong Buy rating, eight have assigned a Buy rating and two have assigned a Hold rating to the company’s stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Buy” and a consensus target price of $520.00.

Linde Trading Up 0.4%

Shares of NASDAQ:LIN opened at $470.37 on Wednesday. The company has a debt-to-equity ratio of 0.49, a current ratio of 0.93 and a quick ratio of 0.78. Linde PLC has a 1 year low of $408.65 and a 1 year high of $487.49. The company has a market cap of $220.56 billion, a P/E ratio of 33.45, a PEG ratio of 3.09 and a beta of 0.93. The stock’s fifty day moving average price is $474.57 and its 200-day moving average price is $464.50.

Linde (NASDAQ:LIN) last issued its earnings results on Friday, August 1st. The basic materials company reported $4.09 earnings per share for the quarter, topping analysts’ consensus estimates of $4.03 by $0.06. The business had revenue of $8.50 billion during 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%.Linde’s revenue was up 2.3% on a year-over-year basis. During the same quarter in the previous year, the firm earned $3.85 EPS. 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 expect that Linde PLC will post 16.54 earnings per share for the current year.

Linde Announces Dividend

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

Insider Buying and Selling

In other news, Director Stephen F. Angel sold 50,309 shares of the stock in a transaction on Thursday, August 7th. The stock was 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 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 this link. Company insiders own 0.70% of the company’s stock.

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.