Linde PLC $LIN Stock Position Cut by Fulton Breakefield Broenniman LLC

Fulton Breakefield Broenniman LLC lessened its stake in Linde PLC (NASDAQ:LIN) by 0.9% in the second quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor owned 46,436 shares of the basic materials company’s stock after selling 415 shares during the period. Linde accounts for 1.5% of Fulton Breakefield Broenniman LLC’s portfolio, making the stock its 21st biggest holding. Fulton Breakefield Broenniman LLC’s holdings in Linde were worth $21,787,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors and hedge funds have also recently bought and sold shares of the stock. Price T Rowe Associates Inc. MD grew its position in Linde by 5.0% in the 1st quarter. Price T Rowe Associates Inc. MD now owns 9,600,297 shares of the basic materials company’s stock valued at $4,470,284,000 after buying an additional 453,108 shares in the last quarter. Wellington Management Group LLP boosted its position in shares of Linde by 18.6% during the 1st quarter. Wellington Management Group LLP now owns 7,542,991 shares of the basic materials company’s stock valued at $3,511,751,000 after purchasing an additional 1,182,157 shares in the last quarter. Nuveen LLC bought a new position in shares of Linde during the 1st quarter valued at about $2,097,793,000. Invesco Ltd. boosted its position in shares of Linde by 1.1% during the 1st quarter. Invesco Ltd. now owns 3,859,539 shares of the basic materials company’s stock valued at $1,797,156,000 after purchasing an additional 40,931 shares in the last quarter. Finally, WCM Investment Management LLC boosted its position in shares of Linde by 0.3% during the 1st quarter. WCM Investment Management LLC now owns 3,339,761 shares of the basic materials company’s stock valued at $1,533,318,000 after purchasing an additional 9,870 shares in the last quarter. Institutional investors own 82.80% of the company’s stock.

Linde Price Performance

LIN stock opened at $467.83 on Thursday. 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 $487.49. The firm has a market capitalization of $219.37 billion, a PE ratio of 33.27, a P/E/G ratio of 3.11 and a beta of 0.93. The firm has a 50-day moving average of $474.60 and a two-hundred day moving average of $464.52.

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 business also recently declared a quarterly dividend, which was paid on Thursday, September 18th. Stockholders of record on Thursday, September 4th were given 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 of this dividend was Thursday, September 4th. Linde’s dividend payout ratio is 42.67%.

Wall Street Analysts Forecast Growth

Several equities analysts have recently weighed in on the stock. Royal Bank Of Canada assumed coverage on shares of Linde in a research report on Friday, June 13th. They set an “outperform” rating and a $576.00 price objective for the company. 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. UBS Group reduced their price objective on shares of Linde from $510.00 to $507.00 and set a “neutral” rating for the company in a research report on Monday. 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. Finally, Weiss Ratings restated a “buy (b)” rating on shares of Linde in a research report on Wednesday. Two equities research analysts have rated the stock with a Strong Buy rating, eight have given a Buy rating and two have given a Hold rating to the company. According to data from MarketBeat.com, Linde has an average rating of “Buy” and an average target price of $520.00.

Insider Activity

In other news, Director Stephen F. Angel sold 50,309 shares of the stock in a transaction that occurred on Thursday, August 7th. The shares were sold at an average price of $473.38, for a total value 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 $227,479,445.34. This represents a 9.48% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. 0.70% of the stock is owned by company insiders.

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.