Andra AP fonden Sells 20,120 Shares of Linde PLC $LIN

Key Points

• Andra AP fonden cut its Linde stake by 33.5% in the second quarter, selling 20,120 shares and retaining 40,005 shares valued at approximately $20.76 million. Institutional investors collectively own 82.8% of Linde.
• Analysts remain broadly bullish, with two Strong Buy and 11 Buy ratings; the stock has a consensus price target of $545.07, above its reported price of $464.01.
• Linde reported quarterly EPS of $4.50 and revenue of $9.29 billion, exceeding estimates, while revenue rose 9.3% year over year. The company also maintained a quarterly dividend of $1.60, equivalent to a 1.4% yield.

Andra AP fonden decreased its holdings in shares of Linde PLC (NASDAQ:LIN - Free Report) by 33.5% in the 2nd quarter, according to its most recent 13F filing with the SEC. The fund owned 40,005 shares of the basic materials company's stock after selling 20,120 shares during the period. Andra AP fonden's holdings in Linde were worth $20,760,000 at the end of the most recent reporting period.

A number of other large investors also recently made changes to their positions in LIN. Legacy Wealth Managment LLC ID raised its position in shares of Linde by 96.6% in the 1st quarter. Legacy Wealth Managment LLC ID now owns 57 shares of the basic materials company's stock valued at $28,000 after acquiring an additional 28 shares during the period. Principia Wealth Advisory LLC grew its holdings in shares of Linde by 74.2% in the 2nd quarter. Principia Wealth Advisory LLC now owns 54 shares of the basic materials company's stock valued at $28,000 after buying an additional 23 shares during the period. Manning & Napier Advisors LLC grew its holdings in shares of Linde by 1,450.0% in the 1st quarter. Manning & Napier Advisors LLC now owns 62 shares of the basic materials company's stock valued at $31,000 after buying an additional 58 shares during the period. Basepoint Wealth LLC bought a new stake in shares of Linde in the 4th quarter valued at $36,000. Finally, Abound Financial LLC bought a new position in Linde during the fourth quarter worth about $36,000. Institutional investors and hedge funds own 82.80% of the company's stock.

Analyst Ratings Changes

Several equities research analysts have issued reports on the company. The Goldman Sachs Group set a $580.00 price target on Linde in a report on Monday, August 10th. Royal Bank Of Canada decreased their price objective on Linde from $576.00 to $553.00 and set an "outperform" rating for the company in a research report on Monday, August 3rd. Sanford C. Bernstein restated an "outperform" rating and set a $563.00 target price on shares of Linde in a report on Friday, September 11th. Evercore reaffirmed an "outperform" rating and issued a $525.00 price target on shares of Linde in a research note on Friday, July 10th. Finally, KeyCorp initiated coverage on shares of Linde in a report on Thursday, September 10th. They issued an "overweight" rating and a $542.00 price target for the company. Two analysts have rated the stock with a Strong Buy rating, eleven have issued a Buy rating and one has assigned a Hold rating to the company's stock. According to data from MarketBeat.com, the stock has an average rating of "Buy" and a consensus target price of $545.07.

Linde Stock Up 1.4%

Shares of LIN stock traded up $6.51 on Tuesday, hitting $464.01. 759,107 shares of the stock were exchanged, compared to its average volume of 2,341,211. The company has a current ratio of 0.88, a quick ratio of 0.75 and a debt-to-equity ratio of 0.51. The firm has a market capitalization of $213.90 billion, a P/E ratio of 30.01, a price-to-earnings-growth ratio of 2.68 and a beta of 0.72. Linde PLC has a fifty-two week low of $387.78 and a fifty-two week high of $548.20. The business has a 50-day moving average of $487.33 and a 200 day moving average of $499.33.

Linde (NASDAQ:LIN - Get Free Report) last announced its earnings results on Friday, July 31st. The basic materials company reported $4.50 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $4.49 by $0.01. Linde had a return on equity of 20.09% and a net margin of 20.43%.The business had revenue of $9.29 billion for the quarter, compared to analyst estimates of $9.02 billion. During the same quarter last year, the firm earned $4.09 EPS. Linde's revenue for the quarter was up 9.3% compared to the same quarter last year. Linde has set its FY 2026 guidance at 17.700-17.900 EPS and its Q3 2026 guidance at 4.450-4.550 EPS. Equities analysts anticipate that Linde PLC will post 17.86 EPS for the current year.

Linde Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Thursday, September 17th. Stockholders of record on Thursday, September 3rd were given a $1.60 dividend. This represents a $6.40 dividend on an annualized basis and a dividend yield of 1.4%. The ex-dividend date of this dividend was Thursday, September 3rd. Linde's payout ratio is currently 41.34%.

About Linde

Linde plc NASDAQ: LIN is a global industrial gases and engineering company that supplies gases, related equipment and process technologies to customers across a range of industries. Its products include oxygen, nitrogen, argon, hydrogen, helium, carbon dioxide, specialty gases and medical gases.

The company serves customers in sectors including healthcare, manufacturing, food and beverage, electronics, chemicals, energy and metals. Linde also designs and builds industrial gas plants and provides engineering, project management and process technology services for industrial and energy applications.

Linde traces its history to 1879 and was formed in its current structure through the 2018 merger of Linde AG and Praxair, Inc The company operates internationally, serving customers in numerous countries across the Americas, Europe, Asia and other regions.

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