Northstar Asset Management Inc. Sells 99 Shares of Linde PLC $LIN

Northstar Asset Management Inc. decreased its position in Linde PLC (NASDAQ:LIN) by 0.3% during the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 32,621 shares of the basic materials company’s stock after selling 99 shares during the quarter. Linde comprises approximately 4.2% of Northstar Asset Management Inc.’s investment portfolio, making the stock its 9th biggest position. Northstar Asset Management Inc.’s holdings in Linde were worth $15,305,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds also recently made changes to their positions in LIN. Brighton Jones LLC acquired a new position in shares of Linde in the fourth quarter valued at approximately $2,752,000. Revolve Wealth Partners LLC grew its position in shares of Linde by 14.1% in the fourth quarter. Revolve Wealth Partners LLC now owns 777 shares of the basic materials company’s stock valued at $325,000 after purchasing an additional 96 shares during the last quarter. GAMMA Investing LLC grew its position in shares of Linde by 25.4% in the first quarter. GAMMA Investing LLC now owns 7,336 shares of the basic materials company’s stock valued at $3,416,000 after purchasing an additional 1,488 shares during the last quarter. Pure Financial Advisors LLC acquired a new position in shares of Linde in the first quarter valued at approximately $281,000. Finally, Sequoia Financial Advisors LLC grew its position in shares of Linde by 3.5% in the first quarter. Sequoia Financial Advisors LLC now owns 12,242 shares of the basic materials company’s stock valued at $5,700,000 after purchasing an additional 413 shares during the last quarter. Institutional investors and hedge funds own 82.80% of the company’s stock.

Insiders Place Their Bets

In other Linde news, Director Stephen F. Angel sold 50,309 shares of the company’s stock in a transaction on Thursday, August 7th. The stock was sold at an average price of $473.38, for a total transaction of $23,815,274.42. Following the completion of the sale, the director directly owned 480,543 shares in the company, valued at $227,479,445.34. This represents a 9.48% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. 0.70% of the stock is owned by insiders.

Analyst Ratings Changes

Several equities research analysts recently issued reports on LIN shares. UBS Group cut their price target on Linde from $510.00 to $507.00 and set a “neutral” rating for the company in a research note on Monday, October 6th. Citigroup boosted their price target on Linde from $530.00 to $535.00 and gave the company a “buy” rating in a research note on Monday, October 6th. JPMorgan Chase & Co. boosted their price target on Linde from $470.00 to $475.00 and gave the company an “overweight” rating in a research note on Monday, August 4th. Finally, Weiss Ratings reiterated a “buy (b)” rating on shares of Linde in a research note on Wednesday, October 8th. Two analysts have rated the stock with a Strong Buy rating, eight have issued a Buy rating and two have given a Hold rating to the company. According to data from MarketBeat, Linde presently has an average rating of “Buy” and a consensus target price of $520.00.

Linde Stock Down 0.9%

NASDAQ LIN opened at $446.00 on Friday. The business has a fifty day moving average price of $470.10 and a two-hundred day moving average price of $464.34. 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 fifty-two week low of $408.65 and a fifty-two week high of $486.38. The stock has a market capitalization of $209.13 billion, a PE ratio of 31.72, a PEG ratio of 2.97 and a beta of 0.93.

Linde (NASDAQ:LIN) last released its earnings results on Friday, August 1st. The basic materials company reported $4.09 earnings per share for the quarter, topping the consensus estimate of $4.03 by $0.06. Linde had a return on equity of 19.09% and a net margin of 20.20%.The firm had revenue of $8.50 billion during the quarter, compared to analysts’ expectations of $8.35 billion. During the same period in the prior year, the company earned $3.85 earnings per share. The company’s quarterly 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. Equities analysts expect that Linde PLC will post 16.54 earnings per share for the current fiscal year.

Linde Dividend Announcement

The firm also recently announced 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 was Thursday, September 4th. This represents a $6.00 annualized dividend and a yield of 1.3%. Linde’s dividend payout ratio is presently 42.67%.

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.