Vienna Powszechne Towarzystwo Emerytalne S.A. Vienna Insurance Group Sells 662 Shares of Linde PLC $LIN

Vienna Powszechne Towarzystwo Emerytalne S.A. Vienna Insurance Group decreased its holdings in shares of Linde PLC (NASDAQ:LIN) by 26.4% during the second quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 1,845 shares of the basic materials company’s stock after selling 662 shares during the quarter. Vienna Powszechne Towarzystwo Emerytalne S.A. Vienna Insurance Group’s holdings in Linde were worth $866,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds and other institutional investors have also bought and sold shares of the company. North Capital Inc. bought a new stake in Linde during the 1st quarter valued at $25,000. Abound Financial LLC bought a new stake in Linde during the 1st quarter valued at $41,000. eCIO Inc. bought a new stake in Linde during the 1st quarter valued at $45,000. Clal Insurance Enterprises Holdings Ltd increased its holdings in shares of 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. bought a new position in shares of Linde in the first quarter worth $52,000. Institutional investors own 82.80% of the company’s stock.

Insider Transactions at Linde

In related news, Director Stephen F. Angel sold 50,309 shares of the company’s stock in a transaction 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 transaction, the director directly owned 480,543 shares in the company, valued at approximately $227,479,445.34. The trade was a 9.48% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Company insiders own 0.70% of the company’s stock.

Wall Street Analyst Weigh In

Several research analysts have recently weighed in on the stock. JPMorgan Chase & Co. upped their price target on shares of Linde from $470.00 to $475.00 and gave the stock an “overweight” rating in a report on Monday, August 4th. Weiss Ratings reaffirmed a “buy (b)” rating on shares of Linde in a report on Saturday. UBS Group decreased their price target on shares of Linde from $510.00 to $507.00 and set a “neutral” rating on the stock in a report on Monday, October 6th. Finally, Citigroup upped their price target on shares of Linde from $530.00 to $535.00 and gave the stock a “buy” rating in a report on Monday, October 6th. Two equities research analysts have rated the stock with a Strong Buy rating, eight have assigned a Buy rating and two have issued a Hold rating to the company. Based on data from MarketBeat, the company presently has an average rating of “Buy” and an average target price of $520.00.

Linde Stock Down 0.9%

Shares of NASDAQ:LIN opened at $446.00 on Monday. Linde PLC has a 52-week low of $408.65 and a 52-week high of $486.38. The firm has a fifty day moving average of $470.10 and a 200 day moving average of $464.83. The firm has a market capitalization of $209.13 billion, a PE ratio of 31.72, a price-to-earnings-growth ratio of 2.94 and a beta of 0.93. The company has a debt-to-equity ratio of 0.49, a quick ratio of 0.78 and a current ratio of 0.93.

Linde (NASDAQ:LIN) last announced its earnings results on Friday, August 1st. The basic materials company reported $4.09 earnings per share (EPS) for the quarter, topping the consensus estimate 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 previous year, the business earned $3.85 earnings per share. The firm’s quarterly revenue was up 2.3% compared to the same quarter last year. Linde has set its FY 2025 guidance at 16.300-16.500 EPS. Q3 2025 guidance at 4.100-4.20 EPS. As a group, research analysts anticipate that Linde PLC will post 16.54 EPS for the current fiscal year.

Linde Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Thursday, September 18th. Investors of record on Thursday, September 4th were given a $1.50 dividend. The ex-dividend date was Thursday, September 4th. This represents a $6.00 annualized dividend and a yield of 1.3%. Linde’s payout ratio is 42.67%.

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.