Prosperity Consulting Group LLC Sells 2,951 Shares of Linde PLC $LIN

Prosperity Consulting Group LLC lessened its holdings in Linde PLC (NASDAQ:LIN) by 40.0% during the 2nd quarter, HoldingsChannel.com reports. The fund owned 4,428 shares of the basic materials company’s stock after selling 2,951 shares during the period. Prosperity Consulting Group LLC’s holdings in Linde were worth $2,078,000 at the end of the most recent quarter.

Several other hedge funds also recently bought and sold shares of the business. Price T Rowe Associates Inc. MD grew 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 valued at $4,470,284,000 after acquiring an additional 453,108 shares during the last quarter. Wellington Management Group LLP grew its position in Linde by 18.6% in the 1st 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. Nuveen LLC bought a new position in Linde in the 1st quarter valued at $2,097,793,000. Invesco Ltd. grew its position in Linde by 1.1% in the 1st quarter. Invesco Ltd. now owns 3,859,539 shares of the basic materials company’s stock valued at $1,797,156,000 after acquiring an additional 40,931 shares during the last quarter. Finally, WCM Investment Management LLC grew its position in Linde by 1.9% in the 2nd 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 acquiring an additional 61,829 shares during the last quarter. Institutional investors own 82.80% of the company’s stock.

Linde Trading Up 1.4%

Shares of NASDAQ LIN opened at $417.94 on Wednesday. The company has a debt-to-equity ratio of 0.49, a current ratio of 0.93 and a quick ratio of 0.78. The stock has a market capitalization of $195.98 billion, a P/E ratio of 29.73, a price-to-earnings-growth 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 business has a fifty day moving average price of $462.81 and a 200 day moving average price of $464.08.

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

Linde Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, December 17th. Investors of record on Wednesday, December 3rd will be paid a dividend of $1.50 per share. This represents a $6.00 dividend on an annualized basis and a dividend yield of 1.4%. The ex-dividend date is Wednesday, December 3rd. Linde’s dividend payout ratio is 40.19%.

Wall Street Analysts Forecast Growth

LIN has been the subject of several research reports. Sanford C. Bernstein reiterated an “outperform” rating and issued a $516.00 target price on shares of Linde in a report on Monday. Seaport Res Ptn upgraded Linde from a “hold” rating to a “strong-buy” rating in a report on Monday. UBS Group lowered 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. Citigroup lowered their target price on Linde from $535.00 to $520.00 and set a “buy” rating for the company in a report on Monday. Finally, Weiss Ratings reiterated a “buy (b)” rating on shares of Linde in a report on Wednesday, October 8th. Two investment analysts have rated the stock with a Strong Buy rating, six have issued a Buy rating and two have given a Hold rating to the company’s stock. According to MarketBeat.com, the company presently has an average rating of “Buy” and an average price target of $514.83.

Insider Buying and Selling at Linde

In related news, Director Stephen F. Angel sold 50,309 shares of the company’s stock in a transaction on 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 completion of the sale, the director directly owned 480,543 shares in the company, valued at $227,479,445.34. This represents a 9.48% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available through this link. 0.70% of the stock is owned by company insiders.

About Linde

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.