Linde PLC $LIN Shares Sold by KPP Advisory Services LLC

KPP Advisory Services LLC lessened its stake in shares of Linde PLC (NASDAQ:LIN) by 70.5% during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 435 shares of the basic materials company’s stock after selling 1,041 shares during the quarter. KPP Advisory Services LLC’s holdings in Linde were worth $204,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also recently added to or reduced their stakes in LIN. North Capital Inc. acquired a new position in shares of Linde during the 1st quarter valued at $25,000. Abound Financial LLC bought a new position in Linde during the first quarter valued at about $41,000. eCIO Inc. acquired a new position in Linde during the first quarter worth about $45,000. Clal Insurance Enterprises Holdings Ltd raised its position in Linde by 445.0% in the first quarter. Clal Insurance Enterprises Holdings Ltd now owns 109 shares of the basic materials company’s stock worth $51,000 after acquiring an additional 89 shares in the last quarter. Finally, Nova Wealth Management Inc. bought a new stake in Linde in the first quarter worth about $52,000. Institutional investors own 82.80% of the company’s stock.

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 stock was 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 $227,479,445.34. This represents a 9.48% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. 0.70% of the stock is currently owned by company insiders.

Wall Street Analysts Forecast Growth

LIN has been the subject of several research reports. UBS Group reduced their price objective on shares of Linde from $510.00 to $507.00 and set a “neutral” rating for the company in a research report on Monday. Citigroup lifted their price target on shares of Linde from $530.00 to $535.00 and gave the stock a “buy” rating in a research report on Monday. Weiss Ratings reiterated a “buy (b)” rating on shares of Linde in a research report on Saturday, September 27th. JPMorgan Chase & Co. raised their price objective on 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 Linde in a research report on Friday, June 13th. They set an “outperform” rating and a $576.00 target price on the stock. Two research analysts have rated the stock with a Strong Buy rating, eight have given a Buy rating and two have assigned a Hold rating to the company. According to MarketBeat, the stock currently has an average rating of “Buy” and a consensus target price of $520.00.

Linde Trading Up 0.4%

Linde stock opened at $468.55 on Tuesday. Linde PLC has a 52 week low of $408.65 and a 52 week high of $487.49. 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 firm has a market capitalization of $219.71 billion, a price-to-earnings ratio of 33.33, a P/E/G ratio of 3.08 and a beta of 0.93. The company has a 50 day moving average price of $474.59 and a 200 day moving average price of $464.46.

Linde (NASDAQ:LIN) last released its earnings results on Friday, August 1st. The basic materials company reported $4.09 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $4.03 by $0.06. The company had revenue of $8.50 billion during the quarter, compared to analyst estimates 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% on a year-over-year basis. During the same quarter in the prior year, the company 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. Research analysts forecast that Linde PLC will post 16.54 EPS for the current year.

Linde Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Thursday, September 18th. Shareholders of record on Thursday, September 4th were given a dividend of $1.50 per share. The ex-dividend date 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 (DPR) is presently 42.67%.

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.