L.M. Kohn & Company Sells 42 Shares of Linde PLC $LIN

L.M. Kohn & Company cut its holdings in shares of Linde PLC (NASDAQ:LIN) by 2.8% in the 2nd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 1,444 shares of the basic materials company’s stock after selling 42 shares during the period. L.M. Kohn & Company’s holdings in Linde were worth $677,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. Price T Rowe Associates Inc. MD boosted its holdings in Linde by 5.0% during the first 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 purchasing an additional 453,108 shares during the last quarter. Wellington Management Group LLP boosted its holdings in Linde by 18.6% during the first quarter. Wellington Management Group LLP now owns 7,542,991 shares of the basic materials company’s stock worth $3,511,751,000 after purchasing an additional 1,182,157 shares during the last quarter. Nuveen LLC purchased a new position in Linde during the first quarter worth about $2,097,793,000. Invesco Ltd. boosted its holdings in Linde by 1.1% during the first quarter. Invesco Ltd. now owns 3,859,539 shares of the basic materials company’s stock worth $1,797,156,000 after purchasing an additional 40,931 shares during the last quarter. Finally, WCM Investment Management LLC boosted its holdings in Linde by 1.9% during the second quarter. WCM Investment Management LLC now owns 3,401,590 shares of the basic materials company’s stock worth $1,577,624,000 after purchasing an additional 61,829 shares during the last quarter. 82.80% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

Several research firms recently weighed in on LIN. Weiss Ratings restated a “buy (b)” rating on shares of Linde in a report on Wednesday, October 8th. UBS Group cut their price target 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. JPMorgan Chase & Co. boosted their price target on shares of Linde from $470.00 to $475.00 and gave the stock an “overweight” rating in a report on Monday, August 4th. Finally, Citigroup boosted their target price 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. Two 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 stock. Based on data from MarketBeat.com, the company presently has a consensus rating of “Buy” and an average target price of $520.00.

Linde Stock Down 0.5%

Linde stock opened at $442.72 on Wednesday. Linde PLC has a twelve month low of $408.65 and a twelve month high of $486.38. The firm has a 50 day moving average price of $468.68 and a 200-day moving average price of $464.89. The company has a market capitalization of $207.60 billion, a P/E ratio of 31.49, a P/E/G ratio of 2.94 and a beta of 0.93. The company has a quick ratio of 0.78, a current ratio of 0.93 and a debt-to-equity ratio of 0.49.

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, beating 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 the consensus estimate of $8.35 billion. During the same period in the prior year, the firm earned $3.85 EPS. The company’s 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. As a group, equities analysts predict that Linde PLC will post 16.54 EPS for the current year.

Linde Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, December 17th. Investors of record on Wednesday, December 3rd will be paid a dividend of $1.50 per share. This represents a $6.00 dividend on an annualized basis and a dividend yield of 1.4%. The ex-dividend date is Wednesday, December 3rd. Linde’s dividend payout ratio is presently 42.67%.

Insider Activity at Linde

In related news, Director Stephen F. Angel sold 50,309 shares of the company’s stock in a transaction that occurred on Thursday, August 7th. The shares were sold at an average price of $473.38, for a total transaction 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 position. The sale was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Insiders own 0.70% of the company’s stock.

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.