Second Half Financial Partners LLC Cuts Holdings in Linde PLC $LIN

Second Half Financial Partners LLC reduced its stake in Linde PLC (NASDAQ:LIN) by 4.5% in the 2nd quarter, Holdings Channel reports. The firm owned 633 shares of the basic materials company’s stock after selling 30 shares during the quarter. Second Half Financial Partners LLC’s holdings in Linde were worth $297,000 as of its most recent SEC filing.

Other large investors have also recently added to or reduced their stakes in the company. North Capital Inc. acquired a new stake in Linde in the 1st quarter valued at $25,000. Abound Financial LLC acquired a new stake in Linde in the 1st quarter valued at $41,000. eCIO Inc. acquired a new stake in Linde in the 1st quarter valued at $45,000. Clal Insurance Enterprises Holdings Ltd increased its holdings in Linde by 445.0% in the 1st quarter. Clal Insurance Enterprises Holdings Ltd now owns 109 shares of the basic materials company’s stock valued at $51,000 after purchasing an additional 89 shares in the last quarter. Finally, Nova Wealth Management Inc. acquired a new stake in Linde in the 1st quarter valued at $52,000. 82.80% of the stock is currently owned by institutional investors and hedge funds.

Linde Stock Down 0.9%

Shares of Linde stock opened at $453.82 on Friday. The business has a 50-day moving average of $474.45 and a 200-day moving average of $464.51. The company has a debt-to-equity ratio of 0.49, a current ratio of 0.93 and a quick ratio of 0.78. The company has a market capitalization of $212.80 billion, a PE ratio of 32.28, a P/E/G ratio of 3.00 and a beta of 0.93. Linde PLC has a 1-year low of $408.65 and a 1-year high of $487.49.

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, beating the consensus estimate of $4.03 by $0.06. The company had revenue of $8.50 billion during the quarter, compared to the consensus estimate of $8.35 billion. Linde had a return on equity of 19.09% and a net margin of 20.20%.The company’s revenue was up 2.3% on a year-over-year basis. During the same period last year, the firm earned $3.85 earnings per share. 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, equities analysts forecast that Linde PLC will post 16.54 EPS for the current fiscal year.

Linde Dividend Announcement

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 dividend of $1.50 per share. The ex-dividend date of this dividend was Thursday, September 4th. This represents a $6.00 annualized dividend and a dividend yield of 1.3%. Linde’s dividend payout ratio (DPR) is presently 42.67%.

Insider Activity at Linde

In other news, Director Stephen F. Angel sold 50,309 shares of the stock in a transaction dated 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 transaction, the director owned 480,543 shares of the company’s stock, valued at approximately $227,479,445.34. This trade represents a 9.48% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Insiders own 0.70% of the company’s stock.

Analyst Upgrades and Downgrades

Several analysts recently issued reports on LIN shares. UBS Group lowered their price target on Linde from $510.00 to $507.00 and set a “neutral” rating for the company in a report on Monday, October 6th. JPMorgan Chase & Co. increased their price target on Linde from $470.00 to $475.00 and gave the company an “overweight” rating in a report on Monday, August 4th. Weiss Ratings restated a “buy (b)” rating on shares of Linde in a research note on Wednesday. Finally, Citigroup raised their target price on Linde from $530.00 to $535.00 and gave the company a “buy” rating in a research note 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 assigned a Hold rating to the stock. According to MarketBeat, Linde has a consensus rating of “Buy” and an average price target of $520.00.

Linde 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.