Procyon Advisors LLC Sells 10,302 Shares of Linde PLC $LIN

Key Points

• Procyon Advisors LLC significantly reduced its stake in Linde PLC by 91.2% during the second quarter, ending with only 998 shares valued at $468,000.
• Institutional investors collectively own 82.80% of Linde's stock, with several firms adjusting their holdings, including Breakwater Capital Group, which increased its share by 2.3%.
• Linde recently reported earnings of $4.09 per share for the last quarter, exceeding analyst expectations, and has set a fiscal year 2025 EPS guidance of $16.300-16.500.

Procyon Advisors LLC lessened its holdings in Linde PLC (NASDAQ:LIN - Free Report) by 91.2% in the second quarter, according to its most recent filing with the SEC. The institutional investor owned 998 shares of the basic materials company's stock after selling 10,302 shares during the period. Procyon Advisors LLC's holdings in Linde were worth $468,000 as of its most recent SEC filing.

Other large investors have also made changes to their positions in the company. North Capital Inc. purchased a new stake in shares of Linde during the first quarter worth about $25,000. Putney Financial Group LLC bought a new position in Linde in the 4th quarter worth approximately $31,000. Abound Financial LLC purchased a new stake in Linde during the 1st quarter valued at approximately $41,000. Capital A Wealth Management LLC bought a new stake in shares of Linde during the fourth quarter valued at approximately $37,000. Finally, eCIO Inc. purchased a new position in shares of Linde in the first quarter worth $45,000. 82.80% of the stock is currently owned by hedge funds and other institutional investors.

Insider Activity at Linde

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 completion of the transaction, the director owned 480,543 shares in the company, 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 at this link. Corporate insiders own 0.70% of the company's stock.

Linde Trading Down 0.3%

Shares of NASDAQ:LIN traded down $1.25 during trading on Monday, hitting $477.76. The company had a trading volume of 1,562,462 shares, compared to its average volume of 1,761,068. The stock has a market cap of $224.03 billion, a price-to-earnings ratio of 33.98, a price-to-earnings-growth ratio of 3.16 and a beta of 0.95. The company has a debt-to-equity ratio of 0.49, a current ratio of 0.93 and a quick ratio of 0.78. The company has a fifty day simple moving average of $473.50 and a two-hundred day simple moving average of $463.39. Linde PLC has a one year low of $408.65 and a one year high of $487.49.

Linde (NASDAQ:LIN - Get Free Report) last released its earnings results on Friday, August 1st. The basic materials company reported $4.09 earnings per share for the quarter, beating the consensus estimate of $4.03 by $0.06. The firm 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 company's revenue for the quarter was up 2.3% compared to the same quarter last year. During the same quarter in the previous year, the company 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. As a group, equities analysts forecast that Linde PLC will post 16.54 earnings per share for the current year.

Linde Dividend Announcement

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

Analysts Set New Price Targets

Several brokerages have commented on LIN. JPMorgan Chase & Co. boosted their price target on shares of 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 started coverage on Linde in a research note on Friday, June 13th. They set an "outperform" rating and a $576.00 price target for the company. Citigroup upgraded Linde from a "neutral" rating to a "buy" rating and raised their price target for the company from $500.00 to $535.00 in a report on Monday, June 30th. Finally, UBS Group upped their price objective on Linde from $485.00 to $504.00 and gave the stock a "neutral" rating in a report on Wednesday, July 9th. Two investment analysts have rated the stock with a Strong Buy rating, seven have given a Buy rating and two have issued a Hold rating to the company. According to data from MarketBeat, the company presently has a consensus rating of "Buy" and a consensus price target of $519.63.

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.