Linde PLC $LIN Shares Sold by Mutual of America Capital Management LLC

Mutual of America Capital Management LLC lowered its stake in Linde PLC (NASDAQ:LIN) by 2.5% in the 2nd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 53,977 shares of the basic materials company’s stock after selling 1,389 shares during the quarter. Mutual of America Capital Management LLC’s holdings in Linde were worth $25,325,000 at the end of the most recent quarter.

Several other institutional investors have also bought and sold shares of LIN. North Capital Inc. acquired a new stake in Linde in the first quarter worth about $25,000. Abound Financial LLC acquired a new stake in Linde in the first quarter worth about $41,000. eCIO Inc. acquired a new stake in Linde in the first quarter worth about $45,000. Clal Insurance Enterprises Holdings Ltd lifted its holdings in Linde by 445.0% in 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 Linde in the first quarter worth about $52,000. Institutional investors and hedge funds own 82.80% of the company’s stock.

Wall Street Analyst Weigh In

LIN has been the subject of a number of research analyst reports. Weiss Ratings reissued a “buy (b)” rating on shares of Linde in a report on Wednesday, October 8th. Citigroup upped their price target on shares of Linde from $530.00 to $535.00 and gave the company a “buy” rating in a report on Monday, October 6th. UBS Group cut their price target on shares of Linde from $510.00 to $507.00 and set a “neutral” rating for the company in a report on Monday, October 6th. Finally, JPMorgan Chase & Co. upped their price target on shares of Linde from $470.00 to $475.00 and gave the company an “overweight” rating in a report on Monday, August 4th. Two research 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 stock. Based on data from MarketBeat, the company currently has an average rating of “Buy” and an average target price of $520.00.

Insider Buying and Selling

In other Linde news, Director Stephen F. Angel sold 50,309 shares of the company’s stock in a transaction dated 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 of the company’s stock, valued at approximately $227,479,445.34. This represents a 9.48% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Corporate insiders own 0.70% of the company’s stock.

Linde Price Performance

LIN stock opened at $450.89 on Friday. 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 PLC has a one year low of $408.65 and a one year high of $487.27. The firm has a market capitalization of $211.43 billion, a PE ratio of 32.07, a P/E/G ratio of 2.98 and a beta of 0.93. The firm has a 50-day moving average of $472.69 and a two-hundred day moving average of $464.07.

Linde (NASDAQ:LIN) last posted its quarterly earnings data 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 firm earned $3.85 earnings per share. The business’s quarterly revenue was up 2.3% on a year-over-year basis. 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 forecast that Linde PLC will post 16.54 earnings per share for the current year.

Linde Announces Dividend

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

Linde 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.