Linde PLC $LIN Shares Sold by Asset Management One Co. Ltd.

Asset Management One Co. Ltd. lowered its stake in shares of Linde PLC (NASDAQ:LIN) by 0.1% during the second quarter, Holdings Channel reports. The fund owned 208,670 shares of the basic materials company’s stock after selling 184 shares during the quarter. Asset Management One Co. Ltd.’s holdings in Linde were worth $97,904,000 at the end of the most recent reporting period.

Other large investors have also made changes to their positions in the company. Bartlett & CO. Wealth Management LLC boosted its stake 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 last quarter. Truist Financial Corp boosted its stake 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 last quarter. Freedom Day Solutions LLC boosted its stake in shares of Linde by 9.6% during 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 acquiring an additional 535 shares during the last quarter. Meiji Yasuda Asset Management Co Ltd. boosted its stake in shares of Linde by 25.9% during 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 acquiring an additional 4,839 shares during the last quarter. Finally, Exane Asset Management acquired a new stake in shares of Linde during the first quarter valued at $295,000. Institutional investors and hedge funds own 82.80% of the company’s stock.

Analyst Upgrades and Downgrades

A number of brokerages have issued reports on LIN. Weiss Ratings reissued a “buy (b)” rating on shares of Linde in a research note on Wednesday, October 8th. 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 raised their price target on Linde from $530.00 to $535.00 and gave the stock a “buy” rating in a research note on Monday, October 6th. Finally, JPMorgan Chase & Co. raised their price target on Linde from $470.00 to $475.00 and gave the stock an “overweight” rating in a research note on Monday, August 4th. Two 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 target price of $520.00.

Linde Stock Performance

Linde stock opened at $450.08 on Friday. The stock’s 50-day moving average is $470.78 and its 200-day moving average is $464.12. The company has a market cap of $211.05 billion, a price-to-earnings ratio of 32.01, a price-to-earnings-growth ratio of 2.97 and a beta of 0.93. The company has a debt-to-equity ratio of 0.49, a current ratio of 0.93 and a quick ratio of 0.78. Linde PLC has a 12 month low of $408.65 and a 12 month high of $486.38.

Linde (NASDAQ:LIN) last released its quarterly earnings data on Friday, August 1st. The basic materials company reported $4.09 EPS for the quarter, topping analysts’ consensus estimates of $4.03 by $0.06. The company 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 company’s quarterly revenue was up 2.3% compared to the same quarter last year. During the same period last year, the business posted $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 analysts anticipate that Linde PLC will post 16.54 earnings per share for the current year.

Linde Dividend Announcement

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

Insider Activity at Linde

In other news, Director Stephen F. Angel sold 50,309 shares of the firm’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 in the company, valued at $227,479,445.34. This trade represents a 9.48% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. 0.70% of the stock is currently owned by company 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.