Linde PLC $LIN Position Lessened by Chevy Chase Trust Holdings LLC

Key Points

• Chevy Chase Trust Holdings LLC reduced its stake in Linde PLC by 0.5% in Q2, now holding 249,486 shares valued at $117,054,000.
• Director Stephen F. Angel sold 50,309 shares of Linde stock for approximately $23.8 million, resulting in a 9.48% decrease in his ownership.
• Analysts have varied outlooks for Linde, with Citigroup raising its price target to $535 and JPMorgan increasing theirs to $475, while UBS lowered its target to $507.

Chevy Chase Trust Holdings LLC decreased its stake in Linde PLC (NASDAQ:LIN - Free Report) by 0.5% during the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 249,486 shares of the basic materials company's stock after selling 1,161 shares during the period. Chevy Chase Trust Holdings LLC owned 0.05% of Linde worth $117,054,000 at the end of the most recent reporting period.

Several other hedge funds have also made changes to their positions in LIN. Breakwater Capital Group increased its holdings in Linde by 2.3% during the 2nd quarter. Breakwater Capital Group now owns 980 shares of the basic materials company's stock valued at $460,000 after purchasing an additional 22 shares in the last quarter. Canopy Partners LLC increased its holdings in Linde by 2.9% during the 2nd quarter. Canopy Partners LLC now owns 788 shares of the basic materials company's stock valued at $370,000 after purchasing an additional 22 shares in the last quarter. Mitchell Sinkler & Starr PA increased its holdings in Linde by 1.9% during the 2nd quarter. Mitchell Sinkler & Starr PA now owns 1,192 shares of the basic materials company's stock valued at $559,000 after purchasing an additional 22 shares in the last quarter. Clarendon Private LLC increased its holdings in 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 in the last quarter. Finally, Strategy Asset Managers LLC increased its holdings in 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 in the last quarter. Institutional investors own 82.80% of the company's stock.

Insider Activity

In other Linde news, Director Stephen F. Angel sold 50,309 shares of the business's stock in a transaction that occurred on Thursday, August 7th. The stock was 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 $227,479,445.34. The trade was a 9.48% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Corporate insiders own 0.70% of the company's stock.

Analyst Ratings Changes

LIN has been the topic of a number of recent research reports. Citigroup increased their price objective on Linde from $530.00 to $535.00 and gave the company a "buy" rating in a research report on Monday, October 6th. UBS Group decreased their price objective on Linde from $510.00 to $507.00 and set a "neutral" rating on the stock in a research report on Monday, October 6th. JPMorgan Chase & Co. increased their price objective on Linde from $470.00 to $475.00 and gave the company an "overweight" rating in a research report on Monday, August 4th. Finally, Weiss Ratings reiterated a "buy (b)" rating on shares of Linde in a research report on Wednesday, October 8th. Two equities research analysts have rated the stock with a Strong Buy rating, eight have issued a Buy rating and two have assigned a Hold rating to the company's stock. Based on data from MarketBeat, Linde presently has an average rating of "Buy" and a consensus price target of $520.00.

Linde Stock Performance

LIN stock opened at $444.24 on Friday. The business's 50-day moving average price is $473.12 and its two-hundred day moving average price is $464.22. 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 has a market cap of $208.31 billion, a PE ratio of 31.60, a P/E/G ratio of 2.98 and a beta of 0.93. Linde PLC has a 1-year low of $408.65 and a 1-year high of $487.49.

Linde (NASDAQ:LIN - Get Free Report) last released its quarterly earnings results on Friday, August 1st. The basic materials company reported $4.09 earnings per share (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 firm had revenue of $8.50 billion for the quarter, compared to the consensus estimate of $8.35 billion. During the same quarter last year, the business posted $3.85 EPS. The company's revenue for the quarter was up 2.3% on a year-over-year basis. 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 forecast that Linde PLC will post 16.54 earnings per share for the current year.

Linde Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Thursday, September 18th. Investors of record on Thursday, September 4th were given a $1.50 dividend. The ex-dividend date of this dividend was Thursday, September 4th. This represents a $6.00 dividend on an annualized basis and a dividend yield of 1.4%. Linde's payout ratio is currently 42.67%.

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.

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