Rehmann Capital Advisory Group Cuts Stock Position in Linde PLC $LIN

Key Points

• Rehmann Capital Advisory Group has reduced its stake in Linde PLC by 13.0%, now holding 4,143 shares worth approximately $1.94 million.
• Wall Street analysts generally view Linde positively, with a consensus rating of "Buy" and an average price target of $520 per share.
• Recently, Linde announced a quarterly dividend of $1.50 per share, representing a 1.3% yield and a 42.67% payout ratio.

Rehmann Capital Advisory Group lowered its position in Linde PLC (NASDAQ:LIN - Free Report) by 13.0% during the second quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 4,143 shares of the basic materials company's stock after selling 619 shares during the period. Rehmann Capital Advisory Group's holdings in Linde were worth $1,944,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also recently modified their holdings of the company. Bartlett & CO. Wealth Management LLC grew its position in Linde by 1.3% during the 2nd quarter. Bartlett & CO. Wealth Management LLC now owns 249,742 shares of the basic materials company's stock worth $117,174,000 after purchasing an additional 3,230 shares during the last quarter. Truist Financial Corp grew its position in Linde by 75.0% during the 1st quarter. Truist Financial Corp now owns 193,563 shares of the basic materials company's stock worth $90,131,000 after purchasing an additional 82,952 shares during the last quarter. Freedom Day Solutions LLC grew its position in Linde by 9.6% during the 1st quarter. Freedom Day Solutions LLC now owns 6,102 shares of the basic materials company's stock worth $2,841,000 after purchasing an additional 535 shares during the last quarter. Meiji Yasuda Asset Management Co Ltd. grew its position in Linde by 25.9% during the 1st quarter. Meiji Yasuda Asset Management Co Ltd. now owns 23,558 shares of the basic materials company's stock worth $10,970,000 after purchasing an additional 4,839 shares during the last quarter. Finally, Hourglass Capital LLC purchased a new stake in Linde during the 1st quarter worth approximately $935,000. Hedge funds and other institutional investors own 82.80% of the company's stock.

Wall Street Analysts Forecast Growth

Several analysts have weighed in on the stock. Weiss Ratings reissued a "buy (b)" rating on shares of Linde in a research report on Wednesday, October 8th. Citigroup lifted their price objective on shares of Linde from $530.00 to $535.00 and gave the company a "buy" rating in a research note on Monday, October 6th. UBS Group decreased their price objective on shares of Linde from $510.00 to $507.00 and set a "neutral" rating for the company in a research note on Monday, October 6th. Finally, JPMorgan Chase & Co. lifted their price objective on shares of Linde from $470.00 to $475.00 and gave the company an "overweight" rating in a research note on Monday, August 4th. Two equities research analysts have rated the stock with a Strong Buy rating, eight have assigned a Buy rating and two have issued a Hold rating to the company. According to data from MarketBeat.com, Linde has a consensus rating of "Buy" and an average price target of $520.00.

Insider Buying and Selling

In other news, Director Stephen F. Angel sold 50,309 shares of the 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 sale, the director owned 480,543 shares of the company's stock, 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 document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. 0.70% of the stock is owned by insiders.

Linde Stock Performance

LIN opened at $450.08 on Wednesday. The stock has a market cap of $211.05 billion, a P/E ratio of 32.01, a P/E/G ratio of 2.98 and a beta of 0.93. The firm has a fifty day moving average price of $471.85 and a 200 day moving average price of $464.05. 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 PLC has a 1 year low of $408.65 and a 1 year high of $486.38.

Linde (NASDAQ:LIN - Get Free Report) last issued its quarterly earnings results on Friday, August 1st. The basic materials company reported $4.09 EPS for the quarter, topping the consensus estimate of $4.03 by $0.06. Linde had a net margin of 20.20% and a return on equity of 19.09%. The company had revenue of $8.50 billion during the quarter, compared to analyst estimates of $8.35 billion. During the same quarter in the previous year, the firm earned $3.85 EPS. The firm's revenue was up 2.3% compared to the same quarter last year. Linde has set its FY 2025 guidance at 16.300-16.500 EPS. Q3 2025 guidance at 4.100-4.20 EPS. Equities research analysts anticipate that Linde PLC will post 16.54 earnings per share for the current 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 given a $1.50 dividend. The ex-dividend date of this dividend was Thursday, September 4th. This represents a $6.00 dividend on an annualized basis and a yield of 1.3%. Linde's dividend payout ratio is presently 42.67%.

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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