Allspring Global Investments Holdings LLC Sells 4,618 Shares of Linde PLC $LIN

Key Points

• Allspring Global Investments Holdings LLC reduced its stake in Linde PLC by 7.6%, selling 4,618 shares, leaving them with 55,981 shares valued at approximately $26.69 million.
• Linde reported a quarterly EPS of $4.09, beating the consensus estimate by $0.06, with revenues of $8.50 billion, reflecting a 2.3% year-over-year increase.
• The company recently declared a quarterly dividend of $1.50 per share, amounting to an annual yield of 1.4% based on a payout ratio of 42.67%.

Allspring Global Investments Holdings LLC lowered its stake in Linde PLC (NASDAQ:LIN - Free Report) by 7.6% during the second quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 55,981 shares of the basic materials company's stock after selling 4,618 shares during the quarter. Allspring Global Investments Holdings LLC's holdings in Linde were worth $26,689,000 at the end of the most recent reporting period.

A number of other institutional investors have also recently bought and sold shares of LIN. Nuveen LLC bought a new position in Linde in the first quarter valued at approximately $2,097,793,000. Deutsche Bank AG lifted its stake in Linde by 172.4% in the first quarter. Deutsche Bank AG now owns 2,407,637 shares of the basic materials company's stock valued at $1,121,092,000 after buying an additional 1,523,702 shares in the last quarter. Wellington Management Group LLP lifted its stake in Linde by 18.6% in the first quarter. Wellington Management Group LLP now owns 7,542,991 shares of the basic materials company's stock valued at $3,511,751,000 after buying an additional 1,182,157 shares in the last quarter. Alecta Tjanstepension Omsesidigt bought a new position in Linde in the first quarter valued at approximately $233,405,000. Finally, Price T Rowe Associates Inc. MD lifted its position in shares of Linde by 5.0% in 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 in the last quarter. Institutional investors own 82.80% of the company's stock.

Insider Transactions at Linde

In other Linde news, Director Stephen F. Angel sold 50,309 shares of the company's stock in a transaction 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 of the company's stock, valued at approximately $227,479,445.34. This represents a 9.48% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. Company insiders own 0.70% of the company's stock.

Analyst Upgrades and Downgrades

LIN has been the topic of a number of research reports. Weiss Ratings reissued a "buy (b)" rating on shares of Linde in a research report on Wednesday, October 8th. Citigroup boosted their price objective on shares of Linde from $530.00 to $535.00 and gave the stock a "buy" rating in a research report on Monday, October 6th. UBS Group cut their price objective on shares of Linde from $510.00 to $507.00 and set a "neutral" rating on the stock in a research report on Monday, October 6th. Finally, JPMorgan Chase & Co. boosted their price objective 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. Two investment 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. Based on data from MarketBeat, the stock presently has an average rating of "Buy" and a consensus price target of $520.00.

Linde Stock Performance

NASDAQ LIN opened at $444.24 on Friday. The company has a current ratio of 0.93, a quick ratio of 0.78 and a debt-to-equity ratio of 0.49. The firm's fifty day moving average price is $473.12 and its two-hundred day moving average price is $464.22. Linde PLC has a 1 year low of $408.65 and a 1 year high of $487.49. The firm has a market capitalization of $208.31 billion, a P/E ratio of 31.60, a price-to-earnings-growth ratio of 2.98 and a beta of 0.93.

Linde (NASDAQ:LIN - Get Free Report) last posted its quarterly earnings results on Friday, August 1st. The basic materials company reported $4.09 earnings per share (EPS) 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 firm had revenue of $8.50 billion for the quarter, compared to analyst estimates of $8.35 billion. During the same period in the prior year, the firm posted $3.85 earnings per share. The company'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. As a group, research analysts anticipate that Linde PLC will post 16.54 EPS for the current year.

Linde Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Thursday, September 18th. Shareholders of record on Thursday, September 4th were 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 was Thursday, September 4th. Linde's dividend payout ratio is 42.67%.

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.

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