Linde PLC $LIN Shares Sold by Blair William & Co. IL

Key Points

• Blair William & Co. IL reduced its holdings in Linde PLC by 0.8%, owning 239,971 shares after selling 2,036 shares during the second quarter, valuing their stake at $112.6 million.
• Multiple large investors, including Breakwater Capital Group and Canopy Partners LLC, have increased their stakes in Linde during the same period, indicating strong institutional interest.
• Linde recently announced a quarterly dividend of $1.50, representing a 1.3% yield, while its earnings per share for the latest quarter surpassed expectations at $4.09.

Blair William & Co. IL trimmed its holdings in Linde PLC (NASDAQ:LIN - Free Report) by 0.8% during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 239,971 shares of the basic materials company's stock after selling 2,036 shares during the quarter. Blair William & Co. IL owned about 0.05% of Linde worth $112,589,000 as of its most recent SEC filing.

A number of other large investors have also made changes to their positions in the stock. Breakwater Capital Group lifted its holdings in shares of Linde by 2.3% during the second quarter. Breakwater Capital Group now owns 980 shares of the basic materials company's stock worth $460,000 after purchasing an additional 22 shares during the period. Canopy Partners LLC increased its stake in Linde by 2.9% in the 2nd quarter. Canopy Partners LLC now owns 788 shares of the basic materials company's stock valued at $370,000 after buying an additional 22 shares during the period. Strategy Asset Managers LLC raised its position in Linde by 2.8% during the 1st quarter. Strategy Asset Managers LLC now owns 834 shares of the basic materials company's stock worth $388,000 after buying an additional 23 shares during the last quarter. Diversify Advisory Services LLC lifted its stake in shares of Linde by 2.5% in the 1st quarter. Diversify Advisory Services LLC now owns 999 shares of the basic materials company's stock worth $450,000 after acquiring an additional 24 shares during the period. Finally, IFP Advisors Inc boosted its holdings in shares of Linde by 0.8% in the first quarter. IFP Advisors Inc now owns 3,207 shares of the basic materials company's stock valued at $1,493,000 after acquiring an additional 24 shares in the last quarter. 82.80% of the stock is currently owned by hedge funds and other institutional investors.

Insiders Place Their Bets

In other Linde news, Director Stephen F. Angel sold 50,309 shares of the stock in a transaction 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. This represents a 9.48% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available through this link. Company insiders own 0.70% of the company's stock.

Wall Street Analysts Forecast Growth

Several research firms recently issued reports on LIN. UBS Group cut 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. JPMorgan Chase & Co. increased their target price on Linde from $470.00 to $475.00 and gave the stock an "overweight" rating in a research note on Monday, August 4th. Royal Bank Of Canada began coverage on Linde in a report on Friday, June 13th. They issued an "outperform" rating and a $576.00 price target for the company. Citigroup upped their price objective on Linde from $530.00 to $535.00 and gave the stock a "buy" rating in a report on Monday. Finally, Weiss Ratings reissued a "buy (b)" rating on shares of Linde in a report on Wednesday. Two equities research analysts have rated the stock with a Strong Buy rating, eight have given a Buy rating and two have assigned a Hold rating to the stock. Based on data from MarketBeat.com, the stock presently has an average rating of "Buy" and a consensus price target of $520.00.

Linde Stock Down 0.5%

Shares of NASDAQ LIN opened at $467.83 on Thursday. The firm's 50-day moving average is $474.60 and its two-hundred day moving average is $464.52. The company has a market capitalization of $219.37 billion, a PE ratio of 33.27, a price-to-earnings-growth ratio of 3.11 and a beta of 0.93. Linde PLC has a 12-month low of $408.65 and a 12-month high of $487.49. The company has a debt-to-equity ratio of 0.49, a current ratio of 0.93 and a quick ratio of 0.78.

Linde (NASDAQ:LIN - Get Free Report) last issued its quarterly earnings data 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. The business had revenue of $8.50 billion for the quarter, compared to the consensus estimate of $8.35 billion. Linde had a return on equity of 19.09% and a net margin of 20.20%.The business's revenue was up 2.3% on a year-over-year basis. During the same period in the prior year, the business earned $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. Equities analysts anticipate that Linde PLC will post 16.54 EPS for the current fiscal year.

Linde Announces Dividend

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