PFW Advisors LLC Trims Position in Linde PLC $LIN

PFW Advisors LLC cut its position in Linde PLC (NASDAQ:LIN) by 3.5% in the second quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 3,417 shares of the basic materials company’s stock after selling 125 shares during the period. PFW Advisors LLC’s holdings in Linde were worth $1,603,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds and other institutional investors have also recently modified their holdings of the company. Breakwater Capital Group grew its stake in Linde by 2.3% during the second quarter. Breakwater Capital Group now owns 980 shares of the basic materials company’s stock valued at $460,000 after acquiring an additional 22 shares in the last quarter. Strategy Asset Managers LLC grew its stake in Linde by 2.8% during the first quarter. Strategy Asset Managers LLC now owns 834 shares of the basic materials company’s stock valued at $388,000 after acquiring an additional 23 shares in the last quarter. Diversify Advisory Services LLC grew its stake in Linde by 2.5% during the first quarter. Diversify Advisory Services LLC now owns 999 shares of the basic materials company’s stock valued at $450,000 after acquiring an additional 24 shares in the last quarter. IFP Advisors Inc grew its stake in Linde by 0.8% during the first quarter. IFP Advisors Inc now owns 3,207 shares of the basic materials company’s stock valued at $1,493,000 after acquiring an additional 24 shares in the last quarter. Finally, Richards Merrill & Peterson Inc. grew its stake in Linde by 3.0% during the first quarter. Richards Merrill & Peterson Inc. now owns 816 shares of the basic materials company’s stock valued at $380,000 after acquiring an additional 24 shares in the last quarter. 82.80% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

Several research firms recently weighed in on LIN. UBS Group raised their target price on shares of Linde from $485.00 to $504.00 and gave the company a “neutral” rating in a research note on Wednesday, July 9th. Citigroup raised shares of Linde from a “neutral” rating to a “buy” rating and raised their target price for the company from $500.00 to $535.00 in a research note on Monday, June 30th. 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 objective for the company. Finally, JPMorgan Chase & Co. lifted 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. Two equities research analysts have rated the stock with a Strong Buy rating, seven have given a Buy rating and two have assigned a Hold rating to the company. Based on data from MarketBeat, Linde currently has a consensus rating of “Buy” and a consensus price target of $519.63.

Linde Stock Performance

Shares of NASDAQ:LIN opened at $471.47 on Wednesday. Linde PLC has a 52 week low of $408.65 and a 52 week high of $487.49. The stock has a market capitalization of $221.08 billion, a P/E ratio of 33.53, a PEG ratio of 3.15 and a beta of 0.95. The firm has a fifty day simple moving average of $472.83 and a two-hundred day simple moving average of $463.05. The company has a quick ratio of 0.78, a current ratio of 0.93 and a debt-to-equity ratio of 0.49.

Linde (NASDAQ:LIN) last issued its quarterly earnings data on Friday, August 1st. The basic materials company reported $4.09 EPS for the quarter, topping analysts’ consensus estimates of $4.03 by $0.06. The business 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 revenue was up 2.3% on a year-over-year basis. During the same period last year, the company 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. On average, analysts expect that Linde PLC will post 16.54 earnings per share for the current fiscal year.

Linde Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Thursday, September 18th. Stockholders of record on Thursday, September 4th will be issued a $1.50 dividend. This represents a $6.00 annualized dividend and a dividend yield of 1.3%. The ex-dividend date is Thursday, September 4th. Linde’s dividend payout ratio (DPR) is 42.67%.

Insider Activity

In other 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 value of $23,815,274.42. Following the completion of the sale, the director owned 480,543 shares in the company, valued at approximately $227,479,445.34. This trade represents a 9.48% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Company insiders own 0.70% of the company’s stock.

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.