Threadgill Financial LLC Decreases Stake in Linde PLC $LIN

Key Points

• Threadgill Financial LLC reduced its stake in Linde PLC by 45.0% in the second quarter, now holding 8,025 shares valued at approximately $3.77 million.
• Linde reported a quarterly EPS of $4.09, beating estimates by $0.06, and its revenues were $8.50 billion, exceeding expectations of $8.35 billion.
• The company declared a $1.50 quarterly dividend, yielding 1.3%, with an ex-dividend date set for September 4th.

Threadgill Financial LLC trimmed its holdings in Linde PLC (NASDAQ:LIN - Free Report) by 45.0% in the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 8,025 shares of the basic materials company's stock after selling 6,576 shares during the quarter. Linde comprises 2.0% of Threadgill Financial LLC's portfolio, making the stock its 19th largest holding. Threadgill Financial LLC's holdings in Linde were worth $3,765,000 as of its most recent SEC filing.

Other hedge funds have also modified their holdings of the company. Sivia Capital Partners LLC increased its position in Linde by 19.8% in the 2nd quarter. Sivia Capital Partners LLC now owns 1,569 shares of the basic materials company's stock worth $736,000 after purchasing an additional 259 shares during the last quarter. Dynamic Advisor Solutions LLC grew its stake in shares of Linde by 6.0% in the second quarter. Dynamic Advisor Solutions LLC now owns 4,888 shares of the basic materials company's stock worth $2,293,000 after acquiring an additional 277 shares during the last quarter. Channel Wealth LLC grew its stake in shares of Linde by 22.7% in the second quarter. Channel Wealth LLC now owns 12,300 shares of the basic materials company's stock worth $5,771,000 after acquiring an additional 2,272 shares during the last quarter. DLK Investment Management LLC lifted its position in shares of Linde by 1.2% in the 2nd quarter. DLK Investment Management LLC now owns 8,317 shares of the basic materials company's stock worth $3,902,000 after acquiring an additional 102 shares during the period. Finally, Pines Wealth Management LLC lifted its position in shares of Linde by 15.0% in the 2nd quarter. Pines Wealth Management LLC now owns 1,134 shares of the basic materials company's stock worth $539,000 after acquiring an additional 148 shares during the period. 82.80% of the stock is owned by hedge funds and other institutional investors.

Insiders Place Their Bets

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 transaction, the director directly 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 legal filing with the SEC, which is accessible through this hyperlink. 0.70% of the stock is owned by corporate insiders.

Linde Trading Up 0.6%

Shares of LIN traded up $3.01 during trading hours on Friday, hitting $479.01. 3,725,607 shares of the stock were exchanged, compared to its average volume of 1,663,088. 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 business has a 50-day moving average of $473.32 and a 200-day moving average of $463.38. Linde PLC has a fifty-two week low of $408.65 and a fifty-two week high of $487.49. The firm has a market capitalization of $224.61 billion, a P/E ratio of 30.03, a price-to-earnings-growth ratio of 3.16 and a beta of 0.95.

Linde (NASDAQ:LIN - Get Free Report) last released its quarterly earnings data 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. Linde had a net margin of 20.20% and a return on equity of 19.09%. The company had revenue of $8.50 billion for the quarter, compared to analysts' expectations of $8.35 billion. During the same quarter in the prior year, the firm earned $3.85 EPS. The business's revenue was up 2.3% on a year-over-year basis. Linde has set its FY 2025 guidance at 16.300-16.500 EPS. Q3 2025 guidance at 4.100-4.20 EPS. On average, research analysts expect that Linde PLC will post 16.54 EPS for the current year.

Linde Dividend Announcement

The company also recently declared 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 of this dividend was Thursday, September 4th. This represents a $6.00 annualized dividend and a yield of 1.3%. Linde's payout ratio is 42.67%.

Analyst Ratings Changes

A number of research analysts have recently issued reports on the stock. JPMorgan Chase & Co. lifted their target price 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. UBS Group lifted their target price on shares of Linde from $485.00 to $504.00 and gave the stock a "neutral" rating in a report on Wednesday, July 9th. Citigroup raised 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. Finally, Royal Bank Of Canada began coverage on Linde in a report on Friday, June 13th. They set an "outperform" rating and a $576.00 target price on the stock. Two analysts have rated the stock with a Strong Buy rating, seven have issued a Buy rating and two have assigned a Hold rating to the stock. Based on data from MarketBeat, the company presently has an average rating of "Buy" and an average price target of $519.63.

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.