Mitchell Capital Management Co. Cuts Holdings in Linde PLC $LIN

Mitchell Capital Management Co. trimmed its holdings in shares of Linde PLC (NASDAQ:LIN) by 12.1% during the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 4,931 shares of the basic materials company’s stock after selling 678 shares during the quarter. Mitchell Capital Management Co.’s holdings in Linde were worth $2,293,000 as of its most recent SEC filing.

Several other institutional investors also recently bought and sold shares of the business. Clarendon Private LLC increased its holdings in Linde by 1.0% during the second quarter. Clarendon Private LLC now owns 2,273 shares of the basic materials company’s stock valued at $1,066,000 after buying an additional 22 shares during the period. Mitchell Sinkler & Starr PA increased its holdings in Linde by 1.9% during the second quarter. Mitchell Sinkler & Starr PA now owns 1,192 shares of the basic materials company’s stock valued at $559,000 after buying an additional 22 shares during the period. CWM LLC increased its holdings in Linde by 2.1% during the second quarter. CWM LLC now owns 11,417 shares of the basic materials company’s stock valued at $5,357,000 after buying an additional 233 shares during the period. Vanguard Personalized Indexing Management LLC increased its holdings in Linde by 14.7% during the second quarter. Vanguard Personalized Indexing Management LLC now owns 57,814 shares of the basic materials company’s stock valued at $27,132,000 after buying an additional 7,401 shares during the period. Finally, Concurrent Investment Advisors LLC increased its holdings in Linde by 12.9% during the second quarter. Concurrent Investment Advisors LLC now owns 10,001 shares of the basic materials company’s stock valued at $4,692,000 after buying an additional 1,140 shares during the period. 82.80% of the stock is owned by hedge funds and other institutional investors.

Insider Activity at Linde

In other news, Director Stephen F. Angel sold 50,309 shares of Linde stock in a transaction 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 completion of the sale, 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 transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. Insiders own 0.70% of the company’s stock.

Linde Trading Down 0.9%

NASDAQ:LIN opened at $453.82 on Monday. Linde PLC has a 12 month low of $408.65 and a 12 month high of $487.49. The firm has a fifty day simple moving average of $474.45 and a 200-day simple moving average of $464.51. The company has a current ratio of 0.93, a quick ratio of 0.78 and a debt-to-equity ratio of 0.49. The company has a market capitalization of $212.80 billion, a P/E ratio of 32.28, a PEG ratio of 3.00 and a beta of 0.93.

Linde (NASDAQ:LIN) last posted its quarterly earnings data on Friday, August 1st. The basic materials company reported $4.09 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 business 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 business’s revenue for the quarter 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. On average, equities research analysts anticipate that Linde PLC will post 16.54 earnings per share for the current year.

Linde Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Thursday, September 18th. Stockholders of record on Thursday, September 4th were 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 was Thursday, September 4th. Linde’s payout ratio is presently 42.67%.

Wall Street Analysts Forecast Growth

Several brokerages recently issued reports on LIN. Weiss Ratings reissued a “buy (b)” rating on shares of Linde in a report on Wednesday, October 8th. JPMorgan Chase & Co. lifted 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. Citigroup lifted 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. Finally, UBS Group cut 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. Two equities research analysts have rated the stock with a Strong Buy rating, eight have given a Buy rating and two have given a Hold rating to the company. According to MarketBeat.com, the company has a consensus rating of “Buy” and a consensus price target of $520.00.

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.