Manchester Financial Inc. Decreases Stock Holdings in Linde PLC $LIN

Key Points

• Manchester Financial Inc. has decreased its holdings in Linde PLC by 39.7%, now owning 2,029 shares valued at approximately $952,000.
• Insider transactions have occurred, with Director Stephen F. Angel selling 50,309 shares, reducing his position by 9.48%.
• Analyst ratings for Linde varied, with JPMorgan Chase raising their price target to $475, while UBS Group decreased theirs to $507, maintaining a mix of recommendations among brokerages.

Manchester Financial Inc. trimmed its position in Linde PLC (NASDAQ:LIN - Free Report) by 39.7% during the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 2,029 shares of the basic materials company's stock after selling 1,337 shares during the quarter. Manchester Financial Inc.'s holdings in Linde were worth $952,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds have also added to or reduced their stakes in LIN. Brighton Jones LLC purchased a new position in Linde during the 4th quarter valued at $2,752,000. Revolve Wealth Partners LLC increased its position in Linde by 14.1% during the 4th quarter. Revolve Wealth Partners LLC now owns 777 shares of the basic materials company's stock valued at $325,000 after purchasing an additional 96 shares during the period. GAMMA Investing LLC increased its position in Linde by 25.4% during the 1st quarter. GAMMA Investing LLC now owns 7,336 shares of the basic materials company's stock valued at $3,416,000 after purchasing an additional 1,488 shares during the period. Wealth Enhancement Advisory Services LLC increased its position in Linde by 6.7% during the 1st quarter. Wealth Enhancement Advisory Services LLC now owns 61,427 shares of the basic materials company's stock valued at $28,603,000 after purchasing an additional 3,838 shares during the period. Finally, CWA Asset Management Group LLC increased its position in Linde by 84.6% during the 1st quarter. CWA Asset Management Group LLC now owns 2,786 shares of the basic materials company's stock valued at $1,297,000 after purchasing an additional 1,277 shares during the period. 82.80% of the stock is owned by hedge funds and other institutional investors.

Insider Transactions at Linde

In other news, Director Stephen F. Angel sold 50,309 shares of the company'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 completion of the sale, 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 transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Corporate insiders own 0.70% of the company's stock.

Analyst Upgrades and Downgrades

A number of brokerages have issued reports on LIN. JPMorgan Chase & Co. boosted 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. Weiss Ratings reaffirmed a "buy (b)" rating on shares of Linde in a research report on Wednesday, October 8th. UBS Group reduced their target price 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, Citigroup upped their target price 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. Two research 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. According to data from MarketBeat.com, Linde has an average rating of "Buy" and an average target price of $520.00.

Linde Stock Performance

Shares of Linde stock opened at $450.89 on Friday. The stock has a market cap of $211.43 billion, a price-to-earnings ratio of 32.07, a PEG ratio of 2.93 and a beta of 0.93. The firm's 50-day moving average is $472.69 and its 200 day moving average is $464.11. Linde PLC has a 1 year low of $408.65 and a 1 year high of $487.27. 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 announced its quarterly earnings results on Friday, August 1st. The basic materials company reported $4.09 earnings per share (EPS) 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%. Linde's revenue was up 2.3% compared to the same quarter last year. During the same quarter in the previous year, the business posted $3.85 EPS. Linde has set its FY 2025 guidance at 16.300-16.500 EPS. Q3 2025 guidance at 4.100-4.20 EPS. Sell-side analysts anticipate that Linde PLC will post 16.54 EPS for the current fiscal year.

Linde Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Thursday, September 18th. Shareholders 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 yield of 1.3%. Linde's dividend payout ratio is currently 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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