Public Employees Retirement System of Ohio Cuts Stock Holdings in Linde PLC $LIN

Key Points

• The Public Employees Retirement System of Ohio reduced its Linde PLC stock holdings by 2.9%, now owning 226,551 shares valued at approximately $106.3 million.
• Insider Stephen F. Angel sold 50,309 shares at an average price of $473.38, resulting in a 9.48% decrease in his ownership of Linde stock.
• Linde announced a quarterly dividend of $1.50 per share, reflecting an annualized payout of $6.00 and a dividend yield of 1.3%.

Public Employees Retirement System of Ohio trimmed its position in Linde PLC (NASDAQ:LIN - Free Report) by 2.9% in the second quarter, according to its most recent filing with the SEC. The institutional investor owned 226,551 shares of the basic materials company's stock after selling 6,876 shares during the period. Public Employees Retirement System of Ohio's holdings in Linde were worth $106,293,000 as of its most recent SEC filing.

Other hedge funds have also bought and sold shares of the company. North Capital Inc. purchased a new stake in shares of Linde during the 1st quarter worth approximately $25,000. Abound Financial LLC bought a new position in Linde during the first quarter valued at $41,000. Capital A Wealth Management LLC purchased a new stake in Linde in the fourth quarter worth $37,000. eCIO Inc. bought a new stake in shares of Linde in the first quarter valued at $45,000. Finally, Clal Insurance Enterprises Holdings Ltd lifted its position in shares of Linde by 445.0% during the 1st quarter. Clal Insurance Enterprises Holdings Ltd now owns 109 shares of the basic materials company's stock valued at $51,000 after buying an additional 89 shares during the last quarter. 82.80% of the stock is currently owned by institutional investors.

Insider Buying and Selling

In other news, Director Stephen F. Angel sold 50,309 shares of the company's stock in a transaction that occurred on Thursday, August 7th. The shares were sold at an average price of $473.38, for a total value of $23,815,274.42. Following the transaction, the director owned 480,543 shares in the company, valued at approximately $227,479,445.34. This represents a 9.48% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is accessible through this link. Company insiders own 0.70% of the company's stock.

Linde Stock Up 0.5%

LIN stock opened at $479.94 on Wednesday. The company has a market capitalization of $225.05 billion, a price-to-earnings ratio of 34.14, a price-to-earnings-growth ratio of 3.15 and a beta of 0.95. 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 business's 50 day moving average price is $473.89 and its two-hundred day moving average price is $463.51. Linde PLC has a fifty-two week low of $408.65 and a fifty-two week high of $487.49.

Linde (NASDAQ:LIN - Get Free Report) last issued its quarterly earnings results on Friday, August 1st. The basic materials company reported $4.09 earnings per share for the quarter, topping the consensus estimate 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 return on equity of 19.09% and a net margin of 20.20%.The firm's revenue for the quarter was up 2.3% on a year-over-year basis. During the same period in the prior year, the firm 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. As a group, analysts forecast that Linde PLC will post 16.54 earnings per share for the current fiscal year.

Linde Dividend Announcement

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

Analyst Ratings Changes

LIN has been the topic of a number of research reports. Royal Bank Of Canada assumed coverage on Linde in a research note on Friday, June 13th. They issued an "outperform" rating and a $576.00 price objective on the stock. Citigroup upgraded shares of Linde from a "neutral" rating to a "buy" rating and upped their price target for the company from $500.00 to $535.00 in a research note on Monday, June 30th. UBS Group lifted their price objective on shares of Linde from $485.00 to $504.00 and gave the company a "neutral" rating in a research note on Wednesday, July 9th. Finally, JPMorgan Chase & Co. raised their price target on Linde from $470.00 to $475.00 and gave the stock an "overweight" rating in a report on Monday, August 4th. Two analysts have rated the stock with a Strong Buy rating, seven have assigned a Buy rating and two have issued a Hold rating to the company's stock. Based on data from MarketBeat, Linde presently has an average rating of "Buy" and an average price target of $519.63.

Linde Company 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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