Highland Capital Management LLC Has $2.33 Million Stock Position in Linde PLC $LIN

Highland Capital Management LLC cut its stake in shares of Linde PLC (NASDAQ:LIN) by 1.0% in the second quarter, according to the company in its most recent disclosure with the SEC. The firm owned 4,968 shares of the basic materials company’s stock after selling 50 shares during the quarter. Highland Capital Management LLC’s holdings in Linde were worth $2,331,000 as of its most recent filing with the SEC.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. Bartlett & CO. Wealth Management LLC lifted its holdings in shares of Linde by 1.3% during the second quarter. Bartlett & CO. Wealth Management LLC now owns 249,742 shares of the basic materials company’s stock valued at $117,174,000 after acquiring an additional 3,230 shares during the period. Truist Financial Corp lifted its holdings in shares of Linde by 75.0% during the first quarter. Truist Financial Corp now owns 193,563 shares of the basic materials company’s stock valued at $90,131,000 after acquiring an additional 82,952 shares during the period. Freedom Day Solutions LLC raised its holdings in shares of Linde by 9.6% in the first 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 during the last quarter. Meiji Yasuda Asset Management Co Ltd. raised its holdings in shares of Linde by 25.9% in the first 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 during the last quarter. Finally, Hourglass Capital LLC bought a new position in shares of Linde in the first quarter valued at about $935,000. 82.80% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

A number of research firms recently issued reports on LIN. UBS Group lifted their price target on Linde from $485.00 to $504.00 and gave the company a “neutral” rating in a report on Wednesday, July 9th. Royal Bank Of Canada began coverage on Linde in a research report on Friday, June 13th. They issued an “outperform” rating and a $576.00 price objective for the company. Citigroup upgraded Linde from a “neutral” rating to a “buy” rating and lifted their price objective for the stock from $500.00 to $535.00 in a research report on Monday, June 30th. Weiss Ratings reiterated a “buy (b)” rating on shares of Linde in a research report on Saturday, September 27th. Finally, 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. Two investment analysts have rated the stock with a Strong Buy rating, eight have assigned a Buy rating and two have assigned a Hold rating to the company. Based on data from MarketBeat, the stock has a consensus rating of “Buy” and an average target price of $519.63.

Insider Activity

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

Linde Price Performance

Linde stock opened at $466.73 on Friday. The firm has a market capitalization of $218.85 billion, a P/E ratio of 33.20, a PEG ratio of 3.08 and a beta of 0.93. Linde PLC has a 1 year low of $408.65 and a 1 year high of $487.49. The business has a 50-day moving average of $474.57 and a 200-day moving average of $464.34. 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 (NASDAQ:LIN) last posted 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. The company had revenue of $8.50 billion during the quarter, compared to analyst estimates of $8.35 billion. Linde had a return on equity of 19.09% and a net margin of 20.20%.The company’s revenue for the quarter was up 2.3% compared to the same quarter last year. During the same period in the previous year, the company earned $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. On average, equities analysts anticipate that Linde PLC will post 16.54 EPS for the current year.

Linde Announces Dividend

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

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.