Rossby Financial LCC Lowers Stock Holdings in Linde PLC $LIN

Rossby Financial LCC reduced its position in Linde PLC (NASDAQ:LIN) by 2.4% in the 2nd quarter, according to its most recent filing with the SEC. The firm owned 1,090 shares of the basic materials company’s stock after selling 27 shares during the period. Rossby Financial LCC’s holdings in Linde were worth $511,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. North Capital Inc. purchased a new stake in shares of Linde during the 1st quarter valued at $25,000. Abound Financial LLC purchased a new stake in shares of Linde during the 1st quarter valued at $41,000. eCIO Inc. purchased a new stake in shares of Linde during the 1st quarter valued at $45,000. Clal Insurance Enterprises Holdings Ltd grew its stake in shares of Linde by 445.0% during the 1st quarter. Clal Insurance Enterprises Holdings Ltd now owns 109 shares of the basic materials company’s stock valued at $51,000 after buying an additional 89 shares during the period. Finally, Nova Wealth Management Inc. purchased a new stake in shares of Linde during the 1st quarter valued at $52,000. 82.80% of the stock is owned by hedge funds and other institutional investors.

Insider Buying and Selling

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 shares were sold at an average price of $473.38, for a total value of $23,815,274.42. Following the transaction, the director owned 480,543 shares in the company, valued at $227,479,445.34. The trade was a 9.48% decrease in their position. The sale was disclosed in a filing with the SEC, which is available through the SEC website. 0.70% of the stock is owned by corporate insiders.

Linde Stock Down 0.3%

Shares of Linde stock opened at $444.82 on Tuesday. The company has a fifty day moving average price of $469.43 and a 200 day moving average price of $464.82. 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 twelve month low of $408.65 and a twelve month high of $486.38. The stock has a market cap of $208.58 billion, a price-to-earnings ratio of 31.64, a price-to-earnings-growth ratio of 2.94 and a beta of 0.93.

Linde (NASDAQ:LIN) last announced its quarterly 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. Linde had a net margin of 20.20% and a return on equity of 19.09%. 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 prior year, the company earned $3.85 EPS. The firm’s revenue 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 company also recently disclosed a quarterly dividend, which will be paid on Wednesday, December 17th. Shareholders of record on Wednesday, December 3rd will be issued a $1.50 dividend. The ex-dividend date is Wednesday, December 3rd. This represents a $6.00 dividend on an annualized basis and a yield of 1.3%. Linde’s payout ratio is currently 42.67%.

Analyst Upgrades and Downgrades

Several brokerages have recently issued reports on LIN. Citigroup boosted their price objective on shares of Linde from $530.00 to $535.00 and gave the company a “buy” rating in a research note on Monday, October 6th. UBS Group lowered their price objective on shares of Linde from $510.00 to $507.00 and set a “neutral” rating for the company in a research note on Monday, October 6th. JPMorgan Chase & Co. upped their price target on shares of Linde from $470.00 to $475.00 and gave the stock an “overweight” rating in a research report on Monday, August 4th. Finally, Weiss Ratings reaffirmed a “buy (b)” rating on shares of Linde in a research report on Wednesday, October 8th. Two 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 stock. According to data from MarketBeat, the company currently has an average 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.