Courier Capital LLC Sells 99 Shares of Linde PLC $LIN

Courier Capital LLC cut its holdings in shares of Linde PLC (NASDAQ:LIN) by 0.6% during the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 16,186 shares of the basic materials company’s stock after selling 99 shares during the quarter. Courier Capital LLC’s holdings in Linde were worth $7,594,000 as of its most recent SEC filing.

A number of other hedge funds have also recently added to or reduced their stakes in LIN. Brighton Jones LLC bought a new position in Linde during the 4th quarter worth $2,752,000. Revolve Wealth Partners LLC increased its stake in Linde by 14.1% during the 4th quarter. Revolve Wealth Partners LLC now owns 777 shares of the basic materials company’s stock worth $325,000 after acquiring an additional 96 shares during the period. GAMMA Investing LLC increased its stake in Linde by 25.4% during the 1st quarter. GAMMA Investing LLC now owns 7,336 shares of the basic materials company’s stock worth $3,416,000 after acquiring an additional 1,488 shares during the period. Wealth Enhancement Advisory Services LLC increased its stake in Linde by 6.7% during the 1st quarter. Wealth Enhancement Advisory Services LLC now owns 61,427 shares of the basic materials company’s stock worth $28,603,000 after acquiring an additional 3,838 shares during the period. Finally, Ritholtz Wealth Management increased its stake in Linde by 13.8% during the 1st quarter. Ritholtz Wealth Management now owns 5,279 shares of the basic materials company’s stock worth $2,458,000 after acquiring an additional 641 shares during the period. Institutional investors own 82.80% of the company’s stock.

Analysts Set New Price Targets

Several brokerages have recently issued reports on LIN. UBS Group decreased their price target on Linde from $510.00 to $507.00 and set a “neutral” rating on the stock in a research note on Monday, October 6th. Citigroup lifted their price target on Linde from $530.00 to $535.00 and gave the company a “buy” rating in a research note on Monday, October 6th. JPMorgan Chase & Co. boosted 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. Finally, Weiss Ratings restated a “buy (b)” rating on shares of Linde in a research report on Wednesday, October 8th. Two research analysts have rated the stock with a Strong Buy rating, eight have issued a Buy rating and two have given a Hold rating to the company. Based on data from MarketBeat.com, the stock currently has an average rating of “Buy” and an average price target of $520.00.

Linde Stock Up 0.6%

Shares of LIN opened at $456.64 on Tuesday. The company has a market capitalization of $214.12 billion, a PE ratio of 32.48, a PEG ratio of 3.00 and a beta of 0.93. Linde PLC has a 12 month low of $408.65 and a 12 month high of $487.49. The stock’s 50-day moving average price is $474.23 and its two-hundred day moving average price is $464.49. 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 announced its earnings results on Friday, August 1st. The basic materials company reported $4.09 EPS 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 the consensus estimate 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% compared to the same quarter last year. During the same period in the previous year, the business 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, 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. Shareholders of record on Thursday, September 4th were issued 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 yield of 1.3%. Linde’s payout ratio is presently 42.67%.

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 value of $23,815,274.42. Following the transaction, the director directly 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 sale 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 corporate insiders.

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.