Neville Rodie & Shaw Inc. Sells 210 Shares of Linde PLC $LIN

Neville Rodie & Shaw Inc. lessened its position in Linde PLC (NASDAQ:LIN) by 1.5% in the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 13,339 shares of the basic materials company’s stock after selling 210 shares during the quarter. Neville Rodie & Shaw Inc.’s holdings in Linde were worth $6,258,000 at the end of the most recent reporting period.

Other institutional investors have also recently made changes to their positions in the company. North Capital Inc. bought a new stake in shares of Linde in the 1st quarter worth about $25,000. Putney Financial Group LLC bought a new stake in shares of Linde in the 4th quarter worth about $31,000. Abound Financial LLC bought a new stake in shares of Linde in the 1st quarter worth about $41,000. Capital A Wealth Management LLC bought a new stake in shares of Linde in the 4th quarter worth about $37,000. Finally, eCIO Inc. bought a new stake in shares of Linde in the 1st quarter worth about $45,000. Institutional investors own 82.80% of the company’s stock.

Linde Trading Down 0.3%

NASDAQ LIN opened at $482.04 on Friday. 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 company has a market capitalization of $226.03 billion, a price-to-earnings ratio of 34.28, a price-to-earnings-growth ratio of 3.19 and a beta of 0.95. The company’s 50-day simple moving average is $472.66 and its two-hundred day simple moving average is $462.90. Linde PLC has a one year low of $408.65 and a one year high of $487.49.

Linde (NASDAQ:LIN) last posted its earnings results on Friday, August 1st. The basic materials company reported $4.09 EPS for the quarter, beating analysts’ consensus estimates of $4.03 by $0.06. The business had revenue of $8.50 billion for the quarter, compared to the consensus estimate of $8.35 billion. Linde had a net margin of 20.20% and a return on equity of 19.09%. The company’s revenue for the quarter was up 2.3% on a year-over-year basis. During the same quarter last year, the firm posted $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. Equities analysts forecast that Linde PLC will post 16.54 EPS for the current fiscal year.

Linde Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Thursday, September 18th. Shareholders of record on Thursday, September 4th will be given a dividend of $1.50 per share. The ex-dividend date of this dividend is Thursday, September 4th. This represents a $6.00 dividend on an annualized basis and a yield of 1.2%. Linde’s dividend payout ratio (DPR) is 42.67%.

Wall Street Analysts Forecast Growth

LIN has been the topic of several recent analyst reports. Royal Bank Of Canada initiated coverage on shares of Linde in a research note on Friday, June 13th. They issued an “outperform” rating and a $576.00 price target on the stock. JPMorgan Chase & Co. raised their price target 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. UBS Group raised their price target 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. Finally, Citigroup raised shares of Linde from a “neutral” rating to a “buy” rating and raised their price target for the stock from $500.00 to $535.00 in a research note on Monday, June 30th. Two research analysts have rated the stock with a Strong Buy rating, seven have assigned a Buy rating and two have given a Hold rating to the company’s stock. According to data from MarketBeat.com, the company currently has an average rating of “Buy” and an average target price of $519.63.

Insider Buying and Selling

In other Linde news, Director Stephen F. Angel sold 50,309 shares of the firm’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 transaction, the director owned 480,543 shares of the company’s stock, valued at approximately $227,479,445.34. This trade represents a 9.48% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Company insiders own 0.70% of the company’s stock.

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.