Linde PLC $LIN Shares Sold by Conning Inc.

Conning Inc. lessened its stake in shares of Linde PLC (NASDAQ:LIN) by 5.1% in the 2nd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 2,829 shares of the basic materials company’s stock after selling 151 shares during the period. Conning Inc.’s holdings in Linde were worth $1,327,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds also recently bought and sold shares of the business. Blue Zone Wealth Advisors LLC raised its holdings in Linde by 5.1% in the 2nd quarter. Blue Zone Wealth Advisors LLC now owns 12,444 shares of the basic materials company’s stock valued at $5,838,000 after acquiring an additional 599 shares during the last quarter. PDS Planning Inc raised its holdings in Linde by 41.7% in the 2nd quarter. PDS Planning Inc now owns 3,878 shares of the basic materials company’s stock valued at $1,819,000 after acquiring an additional 1,141 shares during the last quarter. JB Capital LLC acquired a new stake in Linde in the 2nd quarter valued at about $222,000. Blue Trust Inc. raised its holdings in Linde by 12.2% in the 2nd quarter. Blue Trust Inc. now owns 8,159 shares of the basic materials company’s stock valued at $3,828,000 after acquiring an additional 884 shares during the last quarter. Finally, Fourpath Capital Management LLC raised its holdings in Linde by 1.7% in the 2nd quarter. Fourpath Capital Management LLC now owns 4,210 shares of the basic materials company’s stock valued at $1,975,000 after acquiring an additional 72 shares during the last quarter. Institutional investors and hedge funds own 82.80% of the company’s stock.

Insider Buying and Selling at Linde

In related 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 completion of the transaction, the director owned 480,543 shares of the company’s stock, valued at approximately $227,479,445.34. This trade represents a 9.48% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Insiders own 0.70% of the company’s stock.

Analyst Ratings Changes

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

Linde Stock Down 0.9%

Shares of NASDAQ LIN opened at $453.82 on Friday. The company has a 50 day simple moving average of $474.45 and a 200-day simple moving average of $464.49. The company has a market capitalization of $212.80 billion, a P/E ratio of 32.28, a P/E/G ratio of 3.03 and a beta of 0.93. 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.

Linde (NASDAQ:LIN) last announced its quarterly earnings results on Friday, August 1st. The basic materials company reported $4.09 earnings per share (EPS) 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 the consensus estimate of $8.35 billion. Linde had a net margin of 20.20% and a return on equity of 19.09%. The business’s revenue was up 2.3% compared to the same quarter last year. During the same quarter last 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. On average, equities research analysts predict that Linde PLC will post 16.54 earnings per share for the current year.

Linde Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Thursday, September 18th. Investors of record on Thursday, September 4th were given a dividend of $1.50 per share. The ex-dividend date of this dividend 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 presently 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.