L.M. Kohn & Company Has $677,000 Stock Holdings in Linde PLC $LIN

L.M. Kohn & Company lowered its stake in Linde PLC (NASDAQ:LIN) by 2.8% during the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 1,444 shares of the basic materials company’s stock after selling 42 shares during the period. L.M. Kohn & Company’s holdings in Linde were worth $677,000 at the end of the most recent quarter.

Other hedge funds have also recently added to or reduced their stakes in the company. Nuveen LLC acquired a new position in shares of Linde during the first quarter worth $2,097,793,000. Deutsche Bank AG lifted its holdings in Linde by 172.4% in the first quarter. Deutsche Bank AG now owns 2,407,637 shares of the basic materials company’s stock valued at $1,121,092,000 after buying an additional 1,523,702 shares during the period. Wellington Management Group LLP boosted its position in Linde by 18.6% during the first quarter. Wellington Management Group LLP now owns 7,542,991 shares of the basic materials company’s stock valued at $3,511,751,000 after acquiring an additional 1,182,157 shares during the last quarter. Alecta Tjanstepension Omsesidigt acquired a new stake in Linde during the 1st quarter worth about $233,405,000. Finally, Price T Rowe Associates Inc. MD raised its position in shares of Linde by 5.0% in the 1st quarter. Price T Rowe Associates Inc. MD now owns 9,600,297 shares of the basic materials company’s stock worth $4,470,284,000 after acquiring an additional 453,108 shares in the last quarter. Institutional investors and hedge funds own 82.80% of the company’s stock.

Linde Trading Down 0.5%

LIN opened at $442.72 on Wednesday. Linde PLC has a 1-year low of $408.65 and a 1-year high of $486.38. The company has a current ratio of 0.93, a quick ratio of 0.78 and a debt-to-equity ratio of 0.49. The company has a market cap of $207.60 billion, a P/E ratio of 31.49, a price-to-earnings-growth ratio of 2.94 and a beta of 0.93. The company has a fifty day moving average price of $468.68 and a two-hundred day moving average price of $464.89.

Linde (NASDAQ:LIN) last posted 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. Linde had a net margin of 20.20% and a return on equity of 19.09%. The firm had revenue of $8.50 billion during the quarter, compared to the consensus estimate of $8.35 billion. During the same period in the previous year, the firm posted $3.85 earnings per share. The business’s 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. Analysts predict that Linde PLC will post 16.54 EPS for the current fiscal year.

Linde Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Wednesday, December 17th. Shareholders of record on Wednesday, December 3rd will be paid a $1.50 dividend. This represents a $6.00 annualized dividend and a yield of 1.4%. The ex-dividend date of this dividend is Wednesday, December 3rd. Linde’s payout ratio is 42.67%.

Analyst Upgrades and Downgrades

Several research analysts have recently weighed in on the company. JPMorgan Chase & Co. lifted 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. 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 report on Monday, October 6th. Weiss Ratings reissued a “buy (b)” rating on shares of Linde in a research report on Wednesday, October 8th. Finally, Citigroup lifted their price objective on Linde from $530.00 to $535.00 and gave the stock a “buy” rating in a research report on Monday, October 6th. Two equities research analysts have rated the stock with a Strong Buy rating, eight have given a Buy rating and two have assigned a Hold rating to the stock. According to MarketBeat, Linde has a consensus rating of “Buy” and a consensus price target of $520.00.

Insiders Place Their Bets

In other news, Director Stephen F. Angel sold 50,309 shares of the business’s stock in a transaction dated 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 sale, the director directly owned 480,543 shares of the company’s stock, valued at $227,479,445.34. The trade was a 9.48% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at 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.