Linde PLC $LIN Shares Sold by Albert D Mason Inc.

Key Points

• Albert D Mason Inc. has reduced its stake in Linde PLC by 20.1%, owning 4,883 shares after selling 1,232 shares during the second quarter.
• Linde reported a quarterly earnings per share of $4.09, exceeding analysts' expectations, with a revenue of $8.50 billion for the quarter.
• Institutions own 82.80% of Linde's stock, highlighting strong institutional interest in the company as several hedge funds recently adjusted their positions.

Albert D Mason Inc. reduced its stake in Linde PLC (NASDAQ:LIN - Free Report) by 20.1% in the second quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 4,883 shares of the basic materials company's stock after selling 1,232 shares during the period. Linde accounts for about 1.7% of Albert D Mason Inc.'s investment portfolio, making the stock its 10th biggest holding. Albert D Mason Inc.'s holdings in Linde were worth $2,291,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds also recently made changes to their positions in LIN. Price T Rowe Associates Inc. MD raised its holdings in Linde by 5.0% during 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. Wellington Management Group LLP grew its position 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 worth $3,511,751,000 after buying an additional 1,182,157 shares during the last quarter. Nuveen LLC acquired a new position in Linde in the first quarter worth approximately $2,097,793,000. Invesco Ltd. raised its stake in Linde by 1.1% during the 1st quarter. Invesco Ltd. now owns 3,859,539 shares of the basic materials company's stock valued at $1,797,156,000 after purchasing an additional 40,931 shares during the period. Finally, WCM Investment Management LLC raised its stake in Linde by 1.9% during the 2nd quarter. WCM Investment Management LLC now owns 3,401,590 shares of the basic materials company's stock valued at $1,577,624,000 after purchasing an additional 61,829 shares during the period. Institutional investors own 82.80% of the company's stock.

Linde Price Performance

Shares of LIN stock opened at $450.89 on Friday. Linde PLC has a 52-week low of $408.65 and a 52-week high of $487.27. The stock has a market cap of $211.43 billion, a PE ratio of 32.07, a PEG ratio of 2.93 and a beta of 0.93. 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 firm's 50 day moving average price is $472.69 and its two-hundred day moving average price is $464.11.

Linde (NASDAQ:LIN - Get Free Report) last announced its quarterly earnings results on Friday, August 1st. The basic materials company reported $4.09 earnings per share for the quarter, topping analysts' consensus estimates of $4.03 by $0.06. The company had revenue of $8.50 billion for 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 business's quarterly revenue was up 2.3% compared to the same quarter last year. During the same period last year, the firm 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. As a group, analysts forecast that Linde PLC will post 16.54 EPS for the current year.

Linde Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Thursday, September 18th. Stockholders of record on Thursday, September 4th were paid a dividend of $1.50 per share. The ex-dividend date was Thursday, September 4th. This represents a $6.00 annualized dividend and a dividend yield of 1.3%. Linde's payout ratio is currently 42.67%.

Analysts Set New Price Targets

A number of equities analysts have recently weighed in on LIN shares. Citigroup upped their price target on shares of Linde from $530.00 to $535.00 and gave the stock a "buy" rating in a research note on Monday, October 6th. UBS Group decreased their price target 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. Weiss Ratings reaffirmed a "buy (b)" rating on shares of Linde in a research report on Wednesday, October 8th. Finally, JPMorgan Chase & Co. upped their price objective on shares of Linde from $470.00 to $475.00 and gave the company an "overweight" rating in a research report on Monday, August 4th. Two analysts have rated the stock with a Strong Buy rating, eight have given a Buy rating and two have issued a Hold rating to the company. Based on data from MarketBeat, Linde has an average rating of "Buy" and an average target price of $520.00.

Insider Buying and Selling at Linde

In other news, Director Stephen F. Angel sold 50,309 shares of the business's stock in a transaction dated 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 directly owned 480,543 shares in the company, valued at $227,479,445.34. The trade was a 9.48% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. 0.70% of the stock is owned by corporate insiders.

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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