Figure 8 Investment Strategies LLC Has $2.39 Million Stock Holdings in Linde PLC $LIN

Figure 8 Investment Strategies LLC decreased its holdings in Linde PLC (NASDAQ:LIN) by 16.2% in the second quarter, HoldingsChannel reports. The institutional investor owned 5,091 shares of the basic materials company’s stock after selling 983 shares during the period. Linde makes up 2.3% of Figure 8 Investment Strategies LLC’s portfolio, making the stock its 15th biggest position. Figure 8 Investment Strategies LLC’s holdings in Linde were worth $2,389,000 at the end of the most recent quarter.

A number of other hedge funds also recently made changes to their positions in the business. AMF Tjanstepension AB raised its stake in shares of Linde by 8.0% in the 2nd quarter. AMF Tjanstepension AB now owns 763,645 shares of the basic materials company’s stock valued at $358,287,000 after buying an additional 56,766 shares in the last quarter. Apexium Financial LP raised its stake in shares of Linde by 17.4% in the 2nd quarter. Apexium Financial LP now owns 613 shares of the basic materials company’s stock valued at $288,000 after buying an additional 91 shares in the last quarter. Quent Capital LLC raised its stake in shares of Linde by 7.2% in the 2nd quarter. Quent Capital LLC now owns 1,273 shares of the basic materials company’s stock valued at $597,000 after buying an additional 85 shares in the last quarter. Ameriflex Group Inc. raised its stake in shares of Linde by 41.5% in the 2nd quarter. Ameriflex Group Inc. now owns 1,716 shares of the basic materials company’s stock valued at $797,000 after buying an additional 503 shares in the last quarter. Finally, Wallington Asset Management LLC raised its stake in shares of Linde by 1.4% in the 2nd quarter. Wallington Asset Management LLC now owns 72,985 shares of the basic materials company’s stock valued at $34,243,000 after buying an additional 995 shares in the last quarter. Institutional investors and hedge funds own 82.80% of the company’s stock.

Analysts Set New Price Targets

Several equities research analysts have recently weighed in on LIN shares. Royal Bank Of Canada started coverage on shares of Linde in a report on Friday, June 13th. They issued an “outperform” rating and a $576.00 target price on the stock. Citigroup raised shares of Linde from a “neutral” rating to a “buy” rating and upped their target price for the stock from $500.00 to $535.00 in a report on Monday, June 30th. Weiss Ratings reaffirmed a “buy (b)” rating on shares of Linde in a report on Saturday, September 27th. JPMorgan Chase & Co. upped their target price on shares of Linde from $470.00 to $475.00 and gave the stock an “overweight” rating in a report on Monday, August 4th. Finally, UBS Group upped their target price on shares of Linde from $485.00 to $504.00 and gave the stock a “neutral” rating in a report on Wednesday, July 9th. Two equities research analysts have rated the stock with a Strong Buy rating, eight have assigned a Buy rating and two have given a Hold rating to the company’s stock. Based on data from MarketBeat.com, Linde presently has an average rating of “Buy” and an average target price of $519.63.

Linde Stock Down 0.6%

Shares of NASDAQ:LIN opened at $466.73 on Friday. Linde PLC has a 12 month low of $408.65 and a 12 month high of $487.49. The company’s 50-day moving average price is $474.57 and its two-hundred day moving average price is $464.31. The company has a quick ratio of 0.78, a current ratio of 0.93 and a debt-to-equity ratio of 0.49. The firm has a market cap of $218.85 billion, a P/E ratio of 33.20, a P/E/G ratio of 3.10 and a beta of 0.93.

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. Linde had a net margin of 20.20% and a return on equity of 19.09%. The firm had revenue of $8.50 billion for the quarter, compared to analyst estimates of $8.35 billion. During the same quarter in the prior year, the firm earned $3.85 EPS. The company’s 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. As a group, research analysts forecast that Linde PLC will post 16.54 EPS for the current fiscal year.

Linde Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Thursday, September 18th. Shareholders of record on Thursday, September 4th were issued a dividend of $1.50 per share. The ex-dividend date of this dividend 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 is currently 42.67%.

Insider Buying and Selling

In other Linde news, Director Stephen F. Angel sold 50,309 shares of the 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 sale, the director owned 480,543 shares of the company’s stock, valued at $227,479,445.34. This represents a 9.48% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. 0.70% of the stock is currently owned by corporate insiders.

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.