Figure 8 Investment Strategies LLC Sells 983 Shares of Linde PLC $LIN

Figure 8 Investment Strategies LLC trimmed its holdings in Linde PLC (NASDAQ:LIN) by 16.2% in the 2nd quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 5,091 shares of the basic materials company’s stock after selling 983 shares during the period. Linde accounts for approximately 2.3% of Figure 8 Investment Strategies LLC’s holdings, making the stock its 15th largest position. Figure 8 Investment Strategies LLC’s holdings in Linde were worth $2,389,000 at the end of the most recent quarter.

Several other large investors also recently added to or reduced their stakes in the business. Price T Rowe Associates Inc. MD grew its position in Linde by 5.0% in the first quarter. Price T Rowe Associates Inc. MD now owns 9,600,297 shares of the basic materials company’s stock worth $4,470,284,000 after acquiring an additional 453,108 shares in the last quarter. Wellington Management Group LLP lifted its stake in shares of Linde by 18.6% in the first quarter. Wellington Management Group LLP now owns 7,542,991 shares of the basic materials company’s stock worth $3,511,751,000 after buying an additional 1,182,157 shares during the last quarter. Nuveen LLC acquired a new stake in shares of Linde in the first quarter worth $2,097,793,000. Invesco Ltd. lifted its stake in shares of Linde by 1.1% in the first quarter. Invesco Ltd. now owns 3,859,539 shares of the basic materials company’s stock worth $1,797,156,000 after buying an additional 40,931 shares during the last quarter. Finally, WCM Investment Management LLC lifted its stake in shares of Linde by 0.3% in the first quarter. WCM Investment Management LLC now owns 3,339,761 shares of the basic materials company’s stock worth $1,533,318,000 after buying an additional 9,870 shares during the last quarter. 82.80% of the stock is owned by institutional investors.

Insider Buying and Selling

In related news, Director Stephen F. Angel sold 50,309 shares of the company’s stock in a transaction on 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 in the company, 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. 0.70% of the stock is currently owned by insiders.

Analyst Upgrades and Downgrades

A number of analysts have recently weighed in on the stock. Weiss Ratings restated a “buy (b)” rating on shares of Linde in a research note on Saturday, September 27th. UBS Group boosted their price objective on shares of Linde from $485.00 to $504.00 and gave the stock a “neutral” rating in a research note on Wednesday, July 9th. Citigroup upgraded shares of Linde from a “neutral” rating to a “buy” rating and boosted their price objective for the stock from $500.00 to $535.00 in a research note on Monday, June 30th. JPMorgan Chase & Co. boosted their price objective 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. Finally, Royal Bank Of Canada assumed coverage on shares of Linde in a research note on Friday, June 13th. They issued an “outperform” rating and a $576.00 price objective for the company. Two investment analysts have rated the stock with a Strong Buy rating, eight have given a Buy rating and two have given a Hold rating to the company’s stock. According to data from MarketBeat, the stock presently has a consensus rating of “Buy” and a consensus price target of $519.63.

Linde Price Performance

NASDAQ:LIN opened at $466.73 on Friday. The stock has a market cap of $218.85 billion, a P/E ratio of 33.20, a PEG ratio of 3.10 and a beta of 0.93. Linde PLC has a one year low of $408.65 and a one year high of $487.49. The company has a fifty day moving average price of $474.57 and a 200 day moving average price of $464.31. 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) last released its earnings results on Friday, August 1st. The basic materials company reported $4.09 EPS for the quarter, beating the consensus estimate of $4.03 by $0.06. The firm had revenue of $8.50 billion during 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%. The business’s quarterly revenue was up 2.3% compared to the same quarter last year. During the same period in the prior year, the company earned $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. 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. Investors of record on Thursday, September 4th were paid a dividend of $1.50 per share. This represents a $6.00 annualized dividend and a yield of 1.3%. The ex-dividend date was Thursday, September 4th. 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.