Linde PLC $LIN Holdings Decreased by AustralianSuper Pty Ltd

AustralianSuper Pty Ltd lessened its stake in Linde PLC (NASDAQ:LIN) by 24.9% in the second quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor owned 12,389 shares of the basic materials company’s stock after selling 4,106 shares during the period. AustralianSuper Pty Ltd’s holdings in Linde were worth $5,813,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors also recently made changes to their positions in the stock. Bartlett & CO. Wealth Management LLC increased its stake in shares of Linde by 1.3% during the second quarter. Bartlett & CO. Wealth Management LLC now owns 249,742 shares of the basic materials company’s stock valued at $117,174,000 after acquiring an additional 3,230 shares during the period. Truist Financial Corp boosted its stake in Linde by 75.0% during the 1st quarter. Truist Financial Corp now owns 193,563 shares of the basic materials company’s stock valued at $90,131,000 after purchasing an additional 82,952 shares in the last quarter. Freedom Day Solutions LLC increased its position in shares of Linde by 9.6% during the 1st quarter. Freedom Day Solutions LLC now owns 6,102 shares of the basic materials company’s stock valued at $2,841,000 after purchasing an additional 535 shares during the period. Meiji Yasuda Asset Management Co Ltd. raised its stake in shares of Linde by 25.9% in the 1st quarter. Meiji Yasuda Asset Management Co Ltd. now owns 23,558 shares of the basic materials company’s stock worth $10,970,000 after buying an additional 4,839 shares in the last quarter. Finally, Exane Asset Management acquired a new stake in shares of Linde in the first quarter valued at $295,000. 82.80% of the stock is currently owned by institutional investors.

Insider Activity

In other news, Director Stephen F. Angel sold 50,309 shares of the stock in a transaction 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 completion of the sale, the director owned 480,543 shares in the company, valued at $227,479,445.34. This represents 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 link. 0.70% of the stock is owned by insiders.

Linde Price Performance

NASDAQ LIN opened at $444.82 on Tuesday. The company has a current ratio of 0.93, a quick ratio of 0.78 and a debt-to-equity ratio of 0.49. Linde PLC has a 1 year low of $408.65 and a 1 year high of $486.38. The company has a market cap of $208.58 billion, a PE ratio of 31.64, a PEG ratio of 2.94 and a beta of 0.93. The stock’s 50-day moving average price is $469.43 and its two-hundred day moving average price is $464.82.

Linde (NASDAQ:LIN) last released its earnings results on Friday, August 1st. The basic materials company reported $4.09 earnings per share 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 for the quarter, compared to the consensus estimate of $8.35 billion. During the same period last year, the firm posted $3.85 earnings per share. The firm’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. On average, analysts predict that Linde PLC will post 16.54 EPS for the current year.

Linde Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Wednesday, December 17th. Shareholders of record on Wednesday, December 3rd will be paid a dividend of $1.50 per share. This represents a $6.00 annualized dividend and a yield of 1.3%. The ex-dividend date of this dividend is Wednesday, December 3rd. Linde’s payout ratio is 42.67%.

Analyst Upgrades and Downgrades

A number of research analysts recently issued reports on the company. UBS Group lowered their target price on Linde from $510.00 to $507.00 and set a “neutral” rating on the stock in a report on Monday, October 6th. JPMorgan Chase & Co. lifted their price objective on shares of Linde from $470.00 to $475.00 and gave the stock an “overweight” rating in a research note on Monday, August 4th. Weiss Ratings reiterated a “buy (b)” rating on shares of Linde in a report on Wednesday, October 8th. Finally, Citigroup raised their target price on shares of Linde from $530.00 to $535.00 and gave the stock a “buy” rating in a report on Monday, October 6th. Two research analysts have rated the stock with a Strong Buy rating, eight have issued a Buy rating and two have issued a Hold rating to the stock. According to data from MarketBeat.com, the stock currently has a consensus 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.