Catalyst Capital Advisors LLC Sells 76 Shares of Linde PLC $LIN

Catalyst Capital Advisors LLC decreased its holdings in Linde PLC (NASDAQ:LIN) by 20.8% in the second quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 290 shares of the basic materials company’s stock after selling 76 shares during the period. Catalyst Capital Advisors LLC’s holdings in Linde were worth $136,000 at the end of the most recent reporting period.

Other hedge funds have also recently made changes to their positions in the company. North Capital Inc. bought a new position in shares of Linde in the first quarter worth about $25,000. Abound Financial LLC purchased a new stake in shares of Linde in the first quarter worth about $41,000. eCIO Inc. purchased a new stake in shares of Linde in the first quarter worth about $45,000. Clal Insurance Enterprises Holdings Ltd lifted its position in shares of Linde by 445.0% in the first quarter. Clal Insurance Enterprises Holdings Ltd now owns 109 shares of the basic materials company’s stock worth $51,000 after buying an additional 89 shares in the last quarter. Finally, Nova Wealth Management Inc. purchased a new stake in shares of Linde in the first quarter worth about $52,000. Institutional investors own 82.80% of the company’s stock.

Linde Trading Down 0.9%

Shares of LIN stock opened at $446.00 on Friday. Linde PLC has a 1 year low of $408.65 and a 1 year high of $486.38. 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 stock’s 50 day simple moving average is $470.10 and its two-hundred day simple moving average is $464.34. The company has a market cap of $209.13 billion, a PE ratio of 31.72, a price-to-earnings-growth ratio of 2.97 and a beta of 0.93.

Linde (NASDAQ:LIN) last issued its quarterly earnings data on Friday, August 1st. The basic materials company reported $4.09 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $4.03 by $0.06. Linde had a return on equity of 19.09% and a net margin of 20.20%.The business had revenue of $8.50 billion for the quarter, compared to the consensus estimate of $8.35 billion. During the same period in the prior year, the business posted $3.85 earnings per share. The company’s quarterly 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. Research analysts predict 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. Shareholders 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 yield of 1.3%. Linde’s dividend payout ratio is 42.67%.

Insider Transactions at Linde

In other news, Director Stephen F. Angel sold 50,309 shares of the stock in a transaction that occurred on 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 sale, the director directly owned 480,543 shares in the company, valued at approximately $227,479,445.34. This represents a 9.48% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. 0.70% of the stock is currently owned by company insiders.

Analysts Set New Price Targets

A number of research firms recently commented on LIN. JPMorgan Chase & Co. boosted their target price on Linde from $470.00 to $475.00 and gave the stock an “overweight” rating in a research report on Monday, August 4th. UBS Group decreased their target price on Linde from $510.00 to $507.00 and set a “neutral” rating on the stock in a research report on Monday, October 6th. Citigroup boosted their target price on Linde from $530.00 to $535.00 and gave the stock a “buy” rating in a research report on Monday, October 6th. Finally, Weiss Ratings reiterated a “buy (b)” rating on shares of Linde in a research report on Wednesday, October 8th. Two equities research 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 company’s stock. Based on data from MarketBeat.com, Linde presently has an average rating of “Buy” and an average target price of $520.00.

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.