Tributary Capital Management LLC Sells 40 Shares of Linde PLC $LIN

Tributary Capital Management LLC lowered its holdings in Linde PLC (NASDAQ:LIN) by 3.1% during the 2nd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 1,260 shares of the basic materials company’s stock after selling 40 shares during the period. Tributary Capital Management LLC’s holdings in Linde were worth $591,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors also recently modified their holdings of the business. North Capital Inc. purchased a new position in Linde during the first quarter valued at approximately $25,000. Abound Financial LLC purchased a new position in Linde during the first quarter valued at approximately $41,000. eCIO Inc. purchased a new position in Linde during the first quarter valued at approximately $45,000. Clal Insurance Enterprises Holdings Ltd grew its stake in Linde by 445.0% during the first quarter. Clal Insurance Enterprises Holdings Ltd now owns 109 shares of the basic materials company’s stock valued at $51,000 after acquiring an additional 89 shares in the last quarter. Finally, Nova Wealth Management Inc. purchased a new position in Linde in the 1st quarter worth approximately $52,000. Institutional investors own 82.80% of the company’s stock.

Insider Buying and Selling

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

Linde Price Performance

Shares of Linde stock opened at $449.92 on Thursday. Linde PLC has a 52-week low of $408.65 and a 52-week high of $486.38. The stock has a market capitalization of $210.97 billion, a price-to-earnings ratio of 32.00, a price-to-earnings-growth ratio of 2.97 and a beta of 0.93. The company has a fifty day moving average of $471.33 and a 200-day moving average of $463.95. The company has a debt-to-equity ratio of 0.49, a quick ratio of 0.78 and a current ratio of 0.93.

Linde (NASDAQ:LIN) last posted its quarterly earnings results on Friday, August 1st. The basic materials company reported $4.09 EPS for the quarter, beating analysts’ consensus estimates of $4.03 by $0.06. Linde had a net margin of 20.20% and a return on equity of 19.09%. The company had revenue of $8.50 billion during the quarter, compared to analyst estimates of $8.35 billion. During the same period in the prior year, the business posted $3.85 EPS. The firm’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. Equities research analysts expect that Linde PLC will post 16.54 EPS for the current year.

Linde Dividend Announcement

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

Analyst Upgrades and Downgrades

Several analysts have recently weighed in on LIN shares. UBS Group lowered their price objective on shares of Linde from $510.00 to $507.00 and set a “neutral” rating on the stock in a research report on Monday, October 6th. JPMorgan Chase & Co. raised their price objective on shares of Linde from $470.00 to $475.00 and gave the company an “overweight” rating in a research report on Monday, August 4th. Weiss Ratings restated a “buy (b)” rating on shares of Linde in a research report on Wednesday, October 8th. Finally, Citigroup raised their price objective on shares of Linde from $530.00 to $535.00 and gave the company a “buy” rating in a research report on Monday, October 6th. Two analysts have rated the stock with a Strong Buy rating, eight have assigned a Buy rating and two have given a Hold rating to the company. According to MarketBeat, the stock has a consensus rating of “Buy” and an average target price of $520.00.

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.