Caitong International Asset Management Co. Ltd Has $43,000 Stock Holdings in Linde PLC $LIN

Caitong International Asset Management Co. Ltd trimmed its position in Linde PLC (NASDAQ:LIN) by 68.2% during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 92 shares of the basic materials company’s stock after selling 197 shares during the period. Caitong International Asset Management Co. Ltd’s holdings in Linde were worth $43,000 at the end of the most recent quarter.

Several other hedge funds have also recently bought and sold shares of LIN. Price T Rowe Associates Inc. MD raised its holdings in Linde by 5.0% during the 1st quarter. Price T Rowe Associates Inc. MD now owns 9,600,297 shares of the basic materials company’s stock worth $4,470,284,000 after buying an additional 453,108 shares during the period. Wellington Management Group LLP raised its holdings in Linde by 18.6% during the 1st quarter. Wellington Management Group LLP now owns 7,542,991 shares of the basic materials company’s stock worth $3,511,751,000 after buying an additional 1,182,157 shares during the period. Nuveen LLC acquired a new stake in Linde during the 1st quarter worth approximately $2,097,793,000. Invesco Ltd. raised its holdings in Linde by 1.1% during the 1st quarter. Invesco Ltd. now owns 3,859,539 shares of the basic materials company’s stock worth $1,797,156,000 after buying an additional 40,931 shares during the period. Finally, WCM Investment Management LLC raised its holdings in Linde by 1.9% during the 2nd quarter. WCM Investment Management LLC now owns 3,401,590 shares of the basic materials company’s stock worth $1,577,624,000 after buying an additional 61,829 shares during the period. 82.80% of the stock is currently owned by institutional investors and hedge funds.

Insiders Place Their Bets

In other Linde news, Director Stephen F. Angel sold 50,309 shares of the company’s stock in a transaction on Thursday, August 7th. The shares were sold at an average price of $473.38, for a total value of $23,815,274.42. Following the transaction, the director directly owned 480,543 shares in the company, valued at $227,479,445.34. The trade was a 9.48% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Insiders own 0.70% of the company’s stock.

Linde Stock Performance

Shares of LIN stock opened at $446.00 on Friday. The company’s fifty day simple moving average is $470.10 and its 200-day simple moving average is $464.69. 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 firm has a market cap of $209.13 billion, a PE ratio of 31.72, a P/E/G ratio of 2.94 and a beta of 0.93. Linde PLC has a 12 month low of $408.65 and a 12 month high of $486.38.

Linde (NASDAQ:LIN) last issued its earnings results on Friday, August 1st. The basic materials company reported $4.09 earnings per share for the quarter, topping analysts’ consensus estimates of $4.03 by $0.06. The business had revenue of $8.50 billion for the quarter, compared to the consensus estimate of $8.35 billion. Linde had a net margin of 20.20% and a return on equity of 19.09%. The firm’s revenue for the quarter was up 2.3% on a year-over-year basis. During the same period in the previous year, the company 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. Equities research analysts expect that Linde PLC will post 16.54 EPS for the current fiscal year.

Linde Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Thursday, September 18th. Investors of record on Thursday, September 4th were issued a dividend of $1.50 per share. This represents a $6.00 dividend on an annualized basis and a yield of 1.3%. The ex-dividend date was Thursday, September 4th. Linde’s payout ratio is presently 42.67%.

Analyst Ratings Changes

Several analysts have commented on LIN shares. JPMorgan Chase & Co. raised their target price on shares of Linde from $470.00 to $475.00 and gave the stock an “overweight” rating in a report on Monday, August 4th. UBS Group lowered their price objective 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. Citigroup boosted their price objective on shares of 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 reissued a “buy (b)” rating on shares of Linde in a research report on Saturday. Two investment analysts have rated the stock with a Strong Buy rating, eight have assigned a Buy rating and two have assigned a Hold rating to the company’s stock. According to MarketBeat.com, Linde currently has a consensus rating of “Buy” and a consensus price target 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.