Linde PLC $LIN Shares Sold by Bank of New York Mellon Corp

Bank of New York Mellon Corp lowered its position in shares of Linde PLC (NASDAQ:LIN) by 5.3% during the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 5,981,462 shares of the basic materials company’s stock after selling 335,437 shares during the quarter. Linde accounts for about 0.5% of Bank of New York Mellon Corp’s holdings, making the stock its 26th largest position. Bank of New York Mellon Corp owned approximately 1.27% of Linde worth $2,806,383,000 at the end of the most recent reporting period.

Other large investors also recently made changes to their positions in the company. Price T Rowe Associates Inc. MD lifted its position in 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 buying an additional 453,108 shares in the last quarter. Wellington Management Group LLP raised its holdings in shares of 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 worth $3,511,751,000 after acquiring an additional 1,182,157 shares in the last quarter. Nuveen LLC purchased a new stake in shares of Linde during the first quarter worth $2,097,793,000. Invesco Ltd. raised its holdings in shares of Linde by 1.1% during the first quarter. Invesco Ltd. now owns 3,859,539 shares of the basic materials company’s stock worth $1,797,156,000 after acquiring an additional 40,931 shares in the last quarter. Finally, WCM Investment Management LLC boosted its position in Linde by 1.9% during the second quarter. WCM Investment Management LLC now owns 3,401,590 shares of the basic materials company’s stock valued at $1,577,624,000 after purchasing an additional 61,829 shares during the last quarter. Institutional investors and hedge funds own 82.80% of the company’s stock.

Linde Stock Performance

NASDAQ:LIN opened at $418.68 on Monday. The firm has a market capitalization of $196.32 billion, a PE ratio of 29.78, a PEG ratio of 2.85 and a beta of 0.93. 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 firm’s fifty day simple moving average is $465.40 and its 200 day simple moving average is $464.60.

Linde (NASDAQ:LIN) last released its quarterly earnings results on Friday, October 31st. The basic materials company reported $4.21 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $4.18 by $0.03. The company had revenue of $8.62 billion during the quarter, compared to analysts’ expectations of $8.62 billion. Linde had a net margin of 20.20% and a return on equity of 19.09%. The business’s quarterly revenue was up 2.9% compared to the same quarter last year. During the same period in the prior year, the company earned $3.94 earnings per share. Linde has set its FY 2025 guidance at 16.350-16.450 EPS. Q4 2025 guidance at 4.100-4.200 EPS. On average, sell-side analysts anticipate that Linde PLC will post 16.54 EPS for the current year.

Linde Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, December 17th. Shareholders of record on Wednesday, December 3rd will be given 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 currently 40.19%.

Insider Activity at Linde

In other news, Director Stephen F. Angel sold 50,309 shares of the stock in a transaction that occurred on Thursday, August 7th. The stock was sold at an average price of $473.38, for a total value 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 approximately $227,479,445.34. This represents a 9.48% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. 0.70% of the stock is currently owned by company insiders.

Wall Street Analyst Weigh In

Several brokerages have weighed in on LIN. JPMorgan Chase & Co. raised their price target on Linde from $470.00 to $475.00 and gave the stock an “overweight” rating in a research note on Monday, August 4th. UBS Group lowered their price target on Linde from $510.00 to $507.00 and set a “neutral” rating for the company in a research note on Monday, October 6th. Weiss Ratings reaffirmed a “buy (b)” rating on shares of Linde in a research report on Wednesday, October 8th. Finally, Citigroup lifted their target price on shares of Linde from $530.00 to $535.00 and gave the company a “buy” rating in a research note on Monday, October 6th. Two investment analysts have rated the stock with a Strong Buy rating, five have issued a Buy rating and two have issued a Hold rating to the company. According to MarketBeat.com, Linde has a consensus rating of “Buy” and an average target price of $521.60.

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.