University of Texas Texas AM Investment Management Co. Reduces Holdings in Linde PLC $LIN

University of Texas Texas AM Investment Management Co. trimmed its position in shares of Linde PLC (NASDAQ:LIN) by 41.1% in the 2nd quarter, Holdings Channel reports. The firm owned 3,650 shares of the basic materials company’s stock after selling 2,550 shares during the period. University of Texas Texas AM Investment Management Co.’s holdings in Linde were worth $1,713,000 at the end of the most recent reporting period.

Other large investors also recently added to or reduced their stakes in the company. Bartlett & CO. Wealth Management LLC grew its holdings in Linde by 1.3% in the 2nd quarter. Bartlett & CO. Wealth Management LLC now owns 249,742 shares of the basic materials company’s stock valued at $117,174,000 after buying an additional 3,230 shares in the last quarter. Truist Financial Corp grew its holdings in Linde by 75.0% in the 1st quarter. Truist Financial Corp now owns 193,563 shares of the basic materials company’s stock valued at $90,131,000 after buying an additional 82,952 shares in the last quarter. Freedom Day Solutions LLC grew its holdings in Linde by 9.6% in the 1st quarter. Freedom Day Solutions LLC now owns 6,102 shares of the basic materials company’s stock valued at $2,841,000 after buying an additional 535 shares in the last quarter. Meiji Yasuda Asset Management Co Ltd. grew its holdings in Linde by 25.9% in the 1st quarter. Meiji Yasuda Asset Management Co Ltd. now owns 23,558 shares of the basic materials company’s stock valued at $10,970,000 after buying an additional 4,839 shares in the last quarter. Finally, Exane Asset Management purchased a new stake in Linde in the 1st quarter valued at $295,000. 82.80% of the stock is currently owned by hedge funds and other institutional investors.

Insider Transactions at Linde

In related news, Director Stephen F. Angel sold 50,309 shares of the stock in a transaction dated 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 owned 480,543 shares of the company’s stock, valued at approximately $227,479,445.34. This represents a 9.48% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Insiders own 0.70% of the company’s stock.

Linde Stock Performance

NASDAQ LIN opened at $446.00 on Friday. The stock has a market cap of $209.13 billion, a PE ratio of 31.72, a P/E/G ratio of 2.94 and a beta of 0.93. The company has a current ratio of 0.93, a quick ratio of 0.78 and a debt-to-equity ratio of 0.49. Linde PLC has a twelve month low of $408.65 and a twelve month high of $486.38. The stock has a fifty day simple moving average of $470.10 and a 200-day simple moving average of $464.69.

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, topping analysts’ consensus estimates of $4.03 by $0.06. The business had revenue of $8.50 billion during the quarter, compared to analysts’ expectations of $8.35 billion. Linde had a return on equity of 19.09% and a net margin of 20.20%.The company’s revenue was up 2.3% compared to the same quarter last year. During the same period in the prior year, the business posted $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. Equities analysts anticipate that Linde PLC will post 16.54 earnings per share for the current year.

Linde Announces Dividend

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

Wall Street Analyst Weigh In

Several analysts have issued reports on the company. JPMorgan Chase & Co. upped their target price on Linde from $470.00 to $475.00 and gave the company an “overweight” rating in a report on Monday, August 4th. Citigroup upped their target price on Linde from $530.00 to $535.00 and gave the company a “buy” rating in a report on Monday, October 6th. UBS Group dropped their target price on Linde from $510.00 to $507.00 and set a “neutral” rating for the company in a report on Monday, October 6th. Finally, Weiss Ratings reiterated a “buy (b)” rating on shares of Linde in a report on Saturday. Two equities research analysts have rated the stock with a Strong Buy rating, eight have issued a Buy rating and two have issued a Hold rating to the company. According to MarketBeat, the stock has an average rating of “Buy” and a consensus price target 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.