Transcend Capital Advisors LLC Sells 197 Shares of Linde PLC $LIN

Transcend Capital Advisors LLC cut its stake in Linde PLC (NASDAQ:LIN) by 7.4% in the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 2,450 shares of the basic materials company’s stock after selling 197 shares during the period. Transcend Capital Advisors LLC’s holdings in Linde were worth $1,150,000 as of its most recent SEC filing.

A number of other hedge funds have also recently bought and sold shares of LIN. Bessemer Group Inc. lifted its holdings in shares of Linde by 5.9% during the 2nd quarter. Bessemer Group Inc. now owns 18,864 shares of the basic materials company’s stock worth $8,850,000 after acquiring an additional 1,055 shares during the period. GoalVest Advisory LLC lifted its holdings in shares of Linde by 105.9% during the 2nd quarter. GoalVest Advisory LLC now owns 140 shares of the basic materials company’s stock worth $66,000 after acquiring an additional 72 shares during the period. Ashton Thomas Private Wealth LLC lifted its holdings in shares of Linde by 5.5% during the 2nd quarter. Ashton Thomas Private Wealth LLC now owns 6,992 shares of the basic materials company’s stock worth $3,281,000 after acquiring an additional 362 shares during the period. Solstein Capital LLC lifted its holdings in shares of Linde by 208.3% during the 2nd quarter. Solstein Capital LLC now owns 148 shares of the basic materials company’s stock worth $69,000 after acquiring an additional 100 shares during the period. Finally, Riverwater Partners LLC lifted its holdings in shares of Linde by 4.1% during the 2nd quarter. Riverwater Partners LLC now owns 1,560 shares of the basic materials company’s stock worth $732,000 after acquiring an additional 61 shares during the period. 82.80% of the stock is owned by institutional investors.

Insider Activity at Linde

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 transaction of $23,815,274.42. Following 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 is available through this link. 0.70% of the stock is owned by company insiders.

Linde Trading Down 0.3%

Shares of Linde stock opened at $444.82 on Tuesday. The stock has a market capitalization of $208.58 billion, a P/E ratio of 31.64, a price-to-earnings-growth ratio of 2.94 and a beta of 0.93. 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 company has a 50-day simple moving average of $469.43 and a 200 day simple moving average of $464.82. Linde PLC has a 12-month low of $408.65 and a 12-month high of $486.38.

Linde (NASDAQ:LIN) last announced its earnings results on Friday, August 1st. The basic materials company reported $4.09 earnings per share for the quarter, topping 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 the consensus estimate of $8.35 billion. During the same period in the previous year, the firm posted $3.85 earnings per share. The company’s 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. Research analysts expect that Linde PLC will post 16.54 earnings per share for the current fiscal year.

Linde Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Wednesday, December 17th. Stockholders of record on Wednesday, December 3rd will be paid a dividend of $1.50 per share. This represents a $6.00 annualized dividend and a dividend yield of 1.3%. The ex-dividend date of this dividend is Wednesday, December 3rd. Linde’s dividend payout ratio is 42.67%.

Analyst Ratings Changes

A number of equities analysts have recently commented on the stock. Weiss Ratings reaffirmed a “buy (b)” rating on shares of Linde in a report on Wednesday, October 8th. JPMorgan Chase & Co. raised their price objective on shares of Linde from $470.00 to $475.00 and gave the stock an “overweight” rating in a report on Monday, August 4th. Citigroup raised their price objective on shares of Linde from $530.00 to $535.00 and gave the stock a “buy” rating in a report on Monday, October 6th. Finally, UBS Group dropped their target price on shares of Linde from $510.00 to $507.00 and set a “neutral” rating for the company in a research report on Monday, October 6th. Two investment analysts have rated the stock with a Strong Buy rating, eight have given a Buy rating and two have issued a Hold rating to the stock. According to data from MarketBeat, Linde currently has an average rating of “Buy” and a consensus price target of $520.00.

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.