Logan Capital Management Inc. Reduces Stock Position in Linde PLC $LIN

Logan Capital Management Inc. cut its stake in Linde PLC (NASDAQ:LIN) by 2.9% in the 2nd quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 14,334 shares of the basic materials company’s stock after selling 421 shares during the quarter. Logan Capital Management Inc.’s holdings in Linde were worth $6,725,000 at the end of the most recent quarter.

Other institutional investors have also added to or reduced their stakes in the company. Breakwater Capital Group grew its holdings in Linde by 2.3% during the 2nd quarter. Breakwater Capital Group now owns 980 shares of the basic materials company’s stock valued at $460,000 after buying an additional 22 shares in the last quarter. Canopy Partners LLC boosted its position in shares of Linde by 2.9% in the second quarter. Canopy Partners LLC now owns 788 shares of the basic materials company’s stock valued at $370,000 after acquiring an additional 22 shares during the period. Mitchell Sinkler & Starr PA grew its stake in Linde by 1.9% during the second quarter. Mitchell Sinkler & Starr PA now owns 1,192 shares of the basic materials company’s stock valued at $559,000 after acquiring an additional 22 shares in the last quarter. Clarendon Private LLC grew its stake in Linde by 1.0% during the second quarter. Clarendon Private LLC now owns 2,273 shares of the basic materials company’s stock valued at $1,066,000 after acquiring an additional 22 shares in the last quarter. Finally, Strategy Asset Managers LLC increased its holdings in Linde by 2.8% during the 1st quarter. Strategy Asset Managers LLC now owns 834 shares of the basic materials company’s stock worth $388,000 after acquiring an additional 23 shares during the period. Hedge funds and other institutional investors own 82.80% of the company’s stock.

Wall Street Analyst Weigh In

LIN has been the subject of several analyst reports. Citigroup raised their price target on shares of Linde from $530.00 to $535.00 and gave the company a “buy” rating in a report on Monday, October 6th. JPMorgan Chase & Co. increased their price objective on Linde from $470.00 to $475.00 and gave the stock an “overweight” rating in a research report on Monday, August 4th. Weiss Ratings reissued a “buy (b)” rating on shares of Linde in a research note on Wednesday, October 8th. Finally, UBS Group decreased their target price on Linde from $510.00 to $507.00 and set a “neutral” rating on the stock in a research note on Monday, October 6th. Two investment analysts have rated the stock with a Strong Buy rating, eight have issued a Buy rating and two have assigned a Hold rating to the company’s stock. According to data from MarketBeat.com, Linde currently has an average rating of “Buy” and an average target price of $520.00.

Linde Stock Performance

Linde stock opened at $444.82 on Tuesday. Linde PLC has a fifty-two week low of $408.65 and a fifty-two week high of $486.38. 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 market cap of $208.58 billion, a P/E ratio of 31.64, a price-to-earnings-growth ratio of 2.94 and a beta of 0.93. The firm’s fifty day moving average price is $469.43 and its 200-day moving average price is $464.82.

Linde (NASDAQ:LIN) last announced its earnings results on Friday, August 1st. The basic materials company reported $4.09 earnings per share (EPS) for the quarter, topping the consensus estimate of $4.03 by $0.06. Linde had a net margin of 20.20% and a return on equity of 19.09%. The company had revenue of $8.50 billion during the quarter, compared to analyst estimates of $8.35 billion. During the same period in the previous year, the business earned $3.85 earnings per share. The firm’s quarterly revenue was up 2.3% compared to the same quarter last year. 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 expect that Linde PLC will post 16.54 earnings per share for the current fiscal year.

Linde Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, December 17th. Stockholders of record on Wednesday, December 3rd will be given a dividend of $1.50 per share. The ex-dividend date is Wednesday, December 3rd. This represents a $6.00 annualized dividend and a dividend yield of 1.3%. Linde’s dividend payout ratio is 42.67%.

Insider Buying and Selling at Linde

In related news, Director Stephen F. Angel sold 50,309 shares of the firm’s 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 directly 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 sale was disclosed in a filing with the SEC, which is accessible through this link. Corporate 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.