International Assets Investment Management LLC Trims Holdings in Linde PLC $LIN

International Assets Investment Management LLC decreased its holdings in Linde PLC (NASDAQ:LIN) by 13.8% during the second quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 910 shares of the basic materials company’s stock after selling 146 shares during the period. International Assets Investment Management LLC’s holdings in Linde were worth $427,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds and other institutional investors have also bought and sold shares of the business. Wealthstream Advisors Inc. purchased a new stake in Linde in the second quarter worth $214,000. Signature Estate & Investment Advisors LLC raised its holdings in shares of Linde by 8.4% in the second quarter. Signature Estate & Investment Advisors LLC now owns 620 shares of the basic materials company’s stock valued at $291,000 after acquiring an additional 48 shares in the last quarter. Curbstone Financial Management Corp raised its holdings in shares of Linde by 15.5% in the second quarter. Curbstone Financial Management Corp now owns 1,194 shares of the basic materials company’s stock valued at $560,000 after acquiring an additional 160 shares in the last quarter. Nicholson Wealth Management Group LLC raised its holdings in shares of Linde by 1.9% in the second quarter. Nicholson Wealth Management Group LLC now owns 4,045 shares of the basic materials company’s stock valued at $1,898,000 after acquiring an additional 77 shares in the last quarter. Finally, Stratos Wealth Partners LTD. raised its holdings in shares of Linde by 8.5% in the second quarter. Stratos Wealth Partners LTD. now owns 7,157 shares of the basic materials company’s stock valued at $3,358,000 after acquiring an additional 559 shares in the last quarter. Hedge funds and other institutional investors own 82.80% of the company’s stock.

Wall Street Analyst Weigh In

Several research firms recently weighed in on LIN. Citigroup lifted their price objective on Linde from $530.00 to $535.00 and gave the company a “buy” rating in a report on Monday, October 6th. Weiss Ratings reiterated a “buy (b)” rating on shares of Linde in a research note on Wednesday, October 8th. UBS Group cut their target price on Linde from $510.00 to $507.00 and set a “neutral” rating on the stock in a research note on Monday, October 6th. Finally, JPMorgan Chase & Co. lifted 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. Two investment analysts have rated the stock with a Strong Buy rating, eight have issued a Buy rating and two have given a Hold rating to the company. According to MarketBeat, the stock currently has a consensus rating of “Buy” and a consensus price target of $520.00.

Linde Stock Down 0.0%

Shares of LIN opened at $449.92 on Thursday. 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 PLC has a one year low of $408.65 and a one year high of $486.38. The stock has a market capitalization of $210.97 billion, a price-to-earnings ratio of 32.00, a PEG ratio of 2.97 and a beta of 0.93. The stock has a 50 day moving average price of $471.33 and a 200 day moving average price of $463.95.

Linde (NASDAQ:LIN) last issued its quarterly earnings results 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 return on equity of 19.09% and a net margin of 20.20%.The firm had revenue of $8.50 billion during the quarter, compared to analysts’ expectations of $8.35 billion. During the same period in the previous year, the business earned $3.85 earnings per share. The firm’s revenue for the quarter was up 2.3% on a year-over-year basis. 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 forecast that Linde PLC will post 16.54 earnings per share for the current fiscal year.

Linde Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Thursday, September 18th. Shareholders of record on Thursday, September 4th were paid 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 yield of 1.3%. Linde’s payout ratio is 42.67%.

Insiders Place Their Bets

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

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.