Highland Capital Management LLC Has $2.33 Million Stock Holdings in Linde PLC $LIN

Highland Capital Management LLC cut its holdings in Linde PLC (NASDAQ:LIN) by 1.0% in the 2nd quarter, according to its most recent 13F filing with the SEC. The firm owned 4,968 shares of the basic materials company’s stock after selling 50 shares during the quarter. Highland Capital Management LLC’s holdings in Linde were worth $2,331,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also modified their holdings of the business. Wealthcare Advisory Partners LLC grew its position in shares of Linde by 7.3% in the 2nd quarter. Wealthcare Advisory Partners LLC now owns 2,369 shares of the basic materials company’s stock valued at $1,111,000 after purchasing an additional 161 shares during the period. Hill Island Financial LLC acquired a new position in shares of Linde in the 2nd quarter valued at approximately $227,000. Penobscot Investment Management Company Inc. grew its position in shares of Linde by 2.1% in the 2nd quarter. Penobscot Investment Management Company Inc. now owns 11,226 shares of the basic materials company’s stock valued at $5,267,000 after purchasing an additional 230 shares during the period. AMF Tjanstepension AB grew its position in shares of Linde by 8.0% in the 2nd quarter. AMF Tjanstepension AB now owns 763,645 shares of the basic materials company’s stock valued at $358,287,000 after purchasing an additional 56,766 shares during the period. Finally, Apexium Financial LP grew its position in shares of Linde by 17.4% in the 2nd quarter. Apexium Financial LP now owns 613 shares of the basic materials company’s stock valued at $288,000 after purchasing an additional 91 shares during the period. 82.80% of the stock is currently owned by institutional investors and hedge funds.

Linde Trading Down 0.6%

Shares of Linde stock opened at $466.73 on Friday. Linde PLC has a 12-month low of $408.65 and a 12-month high of $487.49. The stock has a market cap of $218.85 billion, a P/E ratio of 33.20, a P/E/G ratio of 3.08 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 business’s 50 day moving average is $474.57 and its 200-day moving average is $464.34.

Linde (NASDAQ:LIN) last posted 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. The business had revenue of $8.50 billion for the quarter, compared to analyst estimates of $8.35 billion. Linde had a return on equity of 19.09% and a net margin of 20.20%.The firm’s revenue was up 2.3% compared to the same quarter last year. During the same period in the previous year, the firm earned $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 research analysts predict that Linde PLC will post 16.54 earnings per share for the current fiscal year.

Linde Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Thursday, September 18th. Investors of record on Thursday, September 4th were issued 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 dividend yield of 1.3%. Linde’s payout ratio is presently 42.67%.

Analyst Upgrades and Downgrades

Several equities research analysts have commented on LIN shares. JPMorgan Chase & Co. boosted their target price on Linde from $470.00 to $475.00 and gave the company an “overweight” rating in a research note on Monday, August 4th. Citigroup upgraded Linde from a “neutral” rating to a “buy” rating and boosted their target price for the company from $500.00 to $535.00 in a research note on Monday, June 30th. Weiss Ratings restated a “buy (b)” rating on shares of Linde in a research note on Saturday, September 27th. Royal Bank Of Canada started coverage on Linde in a research note on Friday, June 13th. They issued an “outperform” rating and a $576.00 target price on the stock. Finally, UBS Group boosted their target price on Linde from $485.00 to $504.00 and gave the company a “neutral” rating in a research note on Wednesday, July 9th. Two equities research analysts have rated the stock with a Strong Buy rating, eight have issued a Buy rating and two have assigned a Hold rating to the company. According to MarketBeat, the stock presently has a consensus rating of “Buy” and a consensus target price of $519.63.

Insider Buying and Selling at Linde

In related news, Director Stephen F. Angel sold 50,309 shares of the business’s stock in a transaction that occurred on Thursday, August 7th. The stock was sold at an average price of $473.38, for a total transaction of $23,815,274.42. Following the transaction, the director directly owned 480,543 shares of the company’s stock, valued at approximately $227,479,445.34. The trade was a 9.48% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Insiders own 0.70% of the company’s stock.

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.