Shelton Capital Management Has $35.94 Million Stake in Linde PLC $LIN

Shelton Capital Management trimmed its stake in Linde PLC (NASDAQ:LIN) by 2.3% in the second quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 76,603 shares of the basic materials company’s stock after selling 1,785 shares during the quarter. Linde accounts for 0.8% of Shelton Capital Management’s portfolio, making the stock its 14th largest position. Shelton Capital Management’s holdings in Linde were worth $35,941,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in LIN. Prossimo Advisors LLC grew its holdings in shares of Linde by 7.7% during the 2nd quarter. Prossimo Advisors LLC now owns 1,600 shares of the basic materials company’s stock valued at $751,000 after acquiring an additional 115 shares in the last quarter. Orleans Capital Management Corp LA increased its position in Linde by 4.2% in the 2nd quarter. Orleans Capital Management Corp LA now owns 3,115 shares of the basic materials company’s stock worth $1,461,000 after purchasing an additional 125 shares during the last quarter. BLI Banque de Luxembourg Investments raised its stake in shares of Linde by 296.2% during the 2nd quarter. BLI Banque de Luxembourg Investments now owns 20,600 shares of the basic materials company’s stock worth $9,547,000 after purchasing an additional 15,400 shares in the last quarter. First National Advisers LLC lifted its holdings in shares of Linde by 1.0% during the 2nd quarter. First National Advisers LLC now owns 9,671 shares of the basic materials company’s stock valued at $4,537,000 after buying an additional 92 shares during the last quarter. Finally, West Family Investments Inc. grew its stake in shares of Linde by 44.3% in the 2nd quarter. West Family Investments Inc. now owns 2,908 shares of the basic materials company’s stock valued at $1,364,000 after buying an additional 893 shares in the last quarter. 82.80% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

A number of analysts have issued reports on LIN shares. JPMorgan Chase & Co. reduced their target price on shares of Linde from $475.00 to $455.00 and set an “overweight” rating for the company in a research note on Monday, November 3rd. UBS Group lowered their target price 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. Sanford C. Bernstein restated an “outperform” rating and set a $516.00 target price on shares of Linde in a report on Monday, November 3rd. Royal Bank Of Canada decreased their price target on shares of Linde from $576.00 to $540.00 and set an “outperform” rating for the company in a report on Thursday, November 6th. Finally, Seaport Res Ptn upgraded shares of Linde from a “hold” rating to a “strong-buy” rating in a report on Monday, November 3rd. Two equities research analysts have rated the stock with a Strong Buy rating, six have given a Buy rating and one has issued a Hold rating to the company. Based on data from MarketBeat.com, the company currently has a consensus rating of “Buy” and a consensus target price of $508.83.

Linde Trading Up 0.6%

Shares of NASDAQ:LIN opened at $410.33 on Monday. Linde PLC has a 12-month low of $406.09 and a 12-month high of $486.38. The business has a 50 day moving average of $441.05 and a 200-day moving average of $459.75. The company has a quick ratio of 0.78, a current ratio of 0.93 and a debt-to-equity ratio of 0.49. The stock has a market cap of $191.60 billion, a PE ratio of 29.18, a P/E/G ratio of 2.85 and a beta of 0.91.

Linde (NASDAQ:LIN) last released its quarterly earnings results on Friday, October 31st. The basic materials company reported $4.21 earnings per share for the quarter, topping the consensus estimate of $4.18 by $0.03. The business 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 revenue for the quarter was up 2.9% compared to the same quarter last year. During the same period last year, the firm 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. As a group, equities research analysts forecast that Linde PLC will post 16.54 earnings per share for the current year.

Linde Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Wednesday, December 17th. Investors of record on Wednesday, December 3rd will be paid a $1.50 dividend. This represents a $6.00 annualized dividend and a dividend yield of 1.5%. The ex-dividend date is Wednesday, December 3rd. Linde’s payout ratio is 40.19%.

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.