Amalgamated Bank Sells 1,969 Shares of Linde PLC $LIN

Amalgamated Bank lowered its holdings in shares of Linde PLC (NASDAQ:LIN) by 2.1% in the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 93,046 shares of the basic materials company’s stock after selling 1,969 shares during the period. Amalgamated Bank’s holdings in Linde were worth $43,655,000 at the end of the most recent quarter.

Several other large investors have also added to or reduced their stakes in LIN. Breakwater Capital Group lifted its holdings in Linde by 2.3% during the second quarter. Breakwater Capital Group now owns 980 shares of the basic materials company’s stock worth $460,000 after acquiring an additional 22 shares during the period. Canopy Partners LLC raised its stake in shares of Linde by 2.9% in the second quarter. Canopy Partners LLC now owns 788 shares of the basic materials company’s stock valued at $370,000 after buying an additional 22 shares during the period. Mitchell Sinkler & Starr PA raised its stake in shares of Linde by 1.9% in the second quarter. Mitchell Sinkler & Starr PA now owns 1,192 shares of the basic materials company’s stock valued at $559,000 after buying an additional 22 shares during the period. Clarendon Private LLC raised its stake in shares of Linde by 1.0% during the 2nd quarter. Clarendon Private LLC now owns 2,273 shares of the basic materials company’s stock valued at $1,066,000 after purchasing an additional 22 shares during the period. Finally, Strategy Asset Managers LLC raised its stake in shares of Linde by 2.8% during the 1st quarter. Strategy Asset Managers LLC now owns 834 shares of the basic materials company’s stock valued at $388,000 after purchasing an additional 23 shares during the period. Institutional investors and hedge funds own 82.80% of the company’s stock.

Linde Stock Performance

Linde stock opened at $432.01 on Thursday. 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 company has a market capitalization of $202.57 billion, a P/E ratio of 30.73, a PEG ratio of 2.92 and a beta of 0.93. The stock’s 50 day moving average is $467.68 and its 200 day moving average is $464.82. Linde PLC has a twelve month low of $408.65 and a twelve month high of $486.38.

Linde (NASDAQ:LIN) last issued its earnings results on Friday, August 1st. The basic materials company reported $4.09 EPS for the quarter, beating the consensus estimate 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 last year, the business posted $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. On average, equities research analysts predict that Linde PLC will post 16.54 earnings per share for the current fiscal year.

Linde Announces Dividend

The firm 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 1.4%. The ex-dividend date is Wednesday, December 3rd. Linde’s dividend payout ratio (DPR) is currently 42.67%.

Analyst Ratings Changes

Several research firms recently commented on LIN. Weiss Ratings restated a “buy (b)” rating on shares of Linde in a research report on Wednesday, October 8th. UBS Group cut their price objective on Linde from $510.00 to $507.00 and set a “neutral” rating for the company in a report on Monday, October 6th. JPMorgan Chase & Co. upped their price objective on Linde from $470.00 to $475.00 and gave the stock an “overweight” rating in a report on Monday, August 4th. Finally, Citigroup upped their price objective on 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 assigned a Buy rating and two have issued a Hold rating to the company’s stock. According to MarketBeat.com, Linde has an average rating of “Buy” and a consensus price target of $520.00.

Insider Activity

In other news, Director Stephen F. Angel sold 50,309 shares of the firm’s 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 transaction, the director directly owned 480,543 shares in the company, valued at $227,479,445.34. This trade represents a 9.48% decrease in their position. The transaction was disclosed in a filing with the SEC, which is available at this link. 0.70% of the stock is currently owned by company insiders.

Linde 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.