Sava Infond d.o.o. Sells 35 Shares of Linde PLC $LIN

Sava Infond d.o.o. lowered its stake in shares of Linde PLC (NASDAQ:LIN) by 0.7% during the second quarter, Holdings Channel.com reports. The institutional investor owned 5,270 shares of the basic materials company’s stock after selling 35 shares during the quarter. Sava Infond d.o.o.’s holdings in Linde were worth $2,473,000 at the end of the most recent quarter.

Other hedge funds also recently modified their holdings of the company. North Capital Inc. acquired a new stake in shares of Linde during the first quarter worth about $25,000. Abound Financial LLC acquired a new stake in shares of Linde during the first quarter worth about $41,000. eCIO Inc. acquired a new stake in shares of Linde during the first quarter worth about $45,000. Clal Insurance Enterprises Holdings Ltd raised its position in shares of Linde by 445.0% during the first quarter. Clal Insurance Enterprises Holdings Ltd now owns 109 shares of the basic materials company’s stock worth $51,000 after purchasing an additional 89 shares during the period. Finally, Nova Wealth Management Inc. acquired a new stake in shares of Linde during the first quarter worth about $52,000. Institutional investors and hedge funds own 82.80% of the company’s stock.

Analyst Upgrades and Downgrades

LIN has been the topic of a number of research analyst reports. Royal Bank Of Canada initiated coverage on Linde in a research report on Friday, June 13th. They set an “outperform” rating and a $576.00 price target on the stock. UBS Group raised their price target on Linde from $485.00 to $504.00 and gave the stock a “neutral” rating in a research report on Wednesday, July 9th. Weiss Ratings reissued a “buy (b)” rating on shares of Linde in a research report on Saturday, September 27th. Citigroup raised Linde from a “neutral” rating to a “buy” rating and lifted their target price for the company from $500.00 to $535.00 in a research report on Monday, June 30th. Finally, JPMorgan Chase & Co. lifted their target price on Linde from $470.00 to $475.00 and gave the company an “overweight” rating in a research report on Monday, August 4th. Two analysts have rated the stock with a Strong Buy rating, eight have given a Buy rating and two have issued a Hold rating to the company’s stock. Based on data from MarketBeat, the stock has an average rating of “Buy” and a consensus target price of $519.63.

Insider Buying and Selling at Linde

In other Linde news, Director Stephen F. Angel sold 50,309 shares of the business’s stock in a transaction that occurred 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 transaction, the director owned 480,543 shares of the company’s stock, valued at $227,479,445.34. The trade was a 9.48% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. 0.70% of the stock is owned by company insiders.

Linde Stock Down 0.6%

NASDAQ:LIN opened at $466.73 on Friday. The firm has a market capitalization of $218.85 billion, a price-to-earnings ratio of 33.20, a price-to-earnings-growth ratio of 3.10 and a beta of 0.93. Linde PLC has a twelve month low of $408.65 and a twelve month high of $487.49. The stock’s 50 day moving average price is $474.57 and its two-hundred day moving average price is $464.31. The company has a quick ratio of 0.78, a current ratio of 0.93 and a debt-to-equity ratio of 0.49.

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, topping the consensus estimate of $4.03 by $0.06. The firm had revenue of $8.50 billion for 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 business’s quarterly revenue was up 2.3% on a year-over-year basis. During the same quarter in the previous year, the firm 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. Equities research analysts expect that Linde PLC will post 16.54 earnings per share for the current fiscal year.

Linde Dividend Announcement

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

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.