Linde PLC $LIN Position Decreased by Heritage Investors Management Corp

Heritage Investors Management Corp decreased its holdings in shares of Linde PLC (NASDAQ:LIN) by 0.9% in the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 25,021 shares of the basic materials company’s stock after selling 231 shares during the period. Heritage Investors Management Corp’s holdings in Linde were worth $11,739,000 as of its most recent filing with the Securities and Exchange Commission.

Several other large investors also recently made changes to their positions in LIN. North Capital Inc. bought a new position in shares of Linde during the 1st quarter valued at about $25,000. Abound Financial LLC bought a new position in shares of Linde during the 1st quarter valued at about $41,000. eCIO Inc. bought a new position in shares of Linde during the 1st quarter valued at about $45,000. Clal Insurance Enterprises Holdings Ltd boosted its holdings in shares of Linde by 445.0% in the first quarter. Clal Insurance Enterprises Holdings Ltd now owns 109 shares of the basic materials company’s stock worth $51,000 after buying an additional 89 shares during the period. Finally, Nova Wealth Management Inc. acquired a new position in shares of Linde in the first quarter worth about $52,000. Institutional investors own 82.80% of the company’s stock.

Wall Street Analyst Weigh In

Several research analysts have commented on LIN shares. 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. 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. Weiss Ratings reiterated a “buy (b)” rating on shares of Linde in a report on Wednesday, October 8th. Finally, UBS Group decreased their target price on shares of Linde from $510.00 to $507.00 and set a “neutral” rating for the company in a report on Monday, October 6th. 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, the company presently has a consensus rating of “Buy” and an average price target of $520.00.

Linde Stock Performance

LIN stock opened at $432.01 on Thursday. The company has a debt-to-equity ratio of 0.49, a quick ratio of 0.78 and a current ratio of 0.93. The stock has a market cap of $202.57 billion, a P/E ratio of 30.73, a P/E/G ratio of 2.92 and a beta of 0.93. The firm has a 50 day simple moving average of $467.68 and a 200 day simple moving average of $464.82. Linde PLC has a 52 week low of $408.65 and a 52 week high of $486.38.

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

Linde Dividend Announcement

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

Insiders Place Their Bets

In related news, Director Stephen F. Angel sold 50,309 shares of the firm’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 transaction, the director owned 480,543 shares of the company’s stock, valued at approximately $227,479,445.34. This trade represents a 9.48% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Insiders own 0.70% of the company’s stock.

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.