Relyea Zuckerberg Hanson LLC Trims Stake in Linde PLC $LIN

Relyea Zuckerberg Hanson LLC cut its holdings in shares of Linde PLC (NASDAQ:LIN) by 4.0% in the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 1,790 shares of the basic materials company’s stock after selling 75 shares during the quarter. Relyea Zuckerberg Hanson LLC’s holdings in Linde were worth $840,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds and other institutional investors have also recently modified their holdings of the business. Duncan Williams Asset Management LLC boosted its stake in Linde by 21.5% during the second quarter. Duncan Williams Asset Management LLC now owns 2,135 shares of the basic materials company’s stock worth $1,002,000 after buying an additional 378 shares during the period. Valeo Financial Advisors LLC lifted its holdings in shares of Linde by 5.2% in the 2nd quarter. Valeo Financial Advisors LLC now owns 4,365 shares of the basic materials company’s stock worth $2,048,000 after acquiring an additional 214 shares during the last quarter. Knights of Columbus Asset Advisors LLC boosted its position in shares of Linde by 0.8% during the 2nd quarter. Knights of Columbus Asset Advisors LLC now owns 26,993 shares of the basic materials company’s stock worth $12,665,000 after purchasing an additional 209 shares during the period. Plimoth Trust Co. LLC increased its holdings in Linde by 0.4% in the 2nd quarter. Plimoth Trust Co. LLC now owns 6,814 shares of the basic materials company’s stock valued at $3,197,000 after purchasing an additional 28 shares during the last quarter. Finally, Global Assets Advisory LLC purchased a new stake in Linde in the second quarter valued at approximately $441,000. 82.80% of the stock is owned by institutional investors and hedge funds.

Linde Price Performance

LIN stock opened at $466.73 on Monday. The business has a 50 day moving average price of $474.57 and a 200 day moving average price of $464.39. 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 stock has a market cap of $218.85 billion, a price-to-earnings ratio of 33.20, a PEG ratio of 3.08 and a beta of 0.93. Linde PLC has a fifty-two week low of $408.65 and a fifty-two week high of $487.49.

Linde (NASDAQ:LIN) last issued its quarterly earnings data on Friday, August 1st. The basic materials company reported $4.09 earnings per share 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 business had revenue of $8.50 billion during the quarter, compared to the consensus estimate of $8.35 billion. During the same quarter in the previous year, the firm earned $3.85 EPS. The company’s 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. Equities research analysts anticipate that Linde PLC will post 16.54 earnings per share for the current fiscal year.

Linde Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Thursday, September 18th. Stockholders of record on Thursday, September 4th were given a dividend of $1.50 per share. The ex-dividend date 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 42.67%.

Insider Buying and Selling at Linde

In related news, Director Stephen F. Angel sold 50,309 shares of the company’s stock in a transaction dated Thursday, August 7th. The stock was 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 position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Insiders own 0.70% of the company’s stock.

Analyst Ratings Changes

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

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.