3Chopt Investment Partners LLC Sells 40 Shares of Linde PLC $LIN

3Chopt Investment Partners LLC lessened its holdings in shares of Linde PLC (NASDAQ:LIN) by 6.3% during the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 596 shares of the basic materials company’s stock after selling 40 shares during the period. 3Chopt Investment Partners LLC’s holdings in Linde were worth $280,000 at the end of the most recent quarter.

Several other institutional investors have also modified their holdings of LIN. Nuveen LLC bought a new position in shares of Linde during the 1st quarter valued at about $2,097,793,000. Deutsche Bank AG lifted its holdings in shares of Linde by 172.4% during the 1st quarter. Deutsche Bank AG now owns 2,407,637 shares of the basic materials company’s stock valued at $1,121,092,000 after purchasing an additional 1,523,702 shares in the last quarter. Wellington Management Group LLP lifted its holdings in shares of Linde by 18.6% during the 1st quarter. Wellington Management Group LLP now owns 7,542,991 shares of the basic materials company’s stock valued at $3,511,751,000 after purchasing an additional 1,182,157 shares in the last quarter. Alecta Tjanstepension Omsesidigt bought a new position in shares of Linde during the 1st quarter valued at about $233,405,000. Finally, Price T Rowe Associates Inc. MD lifted its holdings in shares of Linde by 5.0% during the 1st quarter. Price T Rowe Associates Inc. MD now owns 9,600,297 shares of the basic materials company’s stock valued at $4,470,284,000 after purchasing an additional 453,108 shares in the last quarter. Institutional investors own 82.80% of the company’s stock.

Linde Stock Down 0.9%

NASDAQ:LIN opened at $453.82 on Friday. The firm has a market capitalization of $212.80 billion, a price-to-earnings ratio of 32.28, a price-to-earnings-growth ratio of 3.03 and a beta of 0.93. Linde PLC has a twelve month low of $408.65 and a twelve month high of $487.49. The stock’s 50 day moving average price is $474.45 and its two-hundred day moving average price is $464.49. 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 posted its quarterly 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. The firm had revenue of $8.50 billion for 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 business’s quarterly revenue was up 2.3% on a year-over-year basis. During the same quarter in the previous year, the firm earned $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 research analysts expect that Linde PLC will post 16.54 earnings per share for the current fiscal year.

Linde Dividend Announcement

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

Wall Street Analyst Weigh In

Several research firms have recently weighed in on LIN. JPMorgan Chase & Co. lifted their price objective on Linde from $470.00 to $475.00 and gave the company an “overweight” rating in a report on Monday, August 4th. Citigroup lifted their target price on Linde from $530.00 to $535.00 and gave the company a “buy” rating in a research report on Monday. Royal Bank Of Canada assumed coverage on Linde in a research report on Friday, June 13th. They issued an “outperform” rating and a $576.00 target price on the stock. Weiss Ratings reissued a “buy (b)” rating on shares of Linde in a research report on Wednesday. Finally, UBS Group dropped their target price on Linde from $510.00 to $507.00 and set a “neutral” rating on the stock in a research report on Monday. 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’s stock. Based on data from MarketBeat.com, the stock presently has an average rating of “Buy” and an average target price of $520.00.

Insider Buying and Selling at Linde

In other Linde news, Director Stephen F. Angel sold 50,309 shares of the business’s stock in a transaction that occurred 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 transaction, the director owned 480,543 shares of the company’s stock, valued at $227,479,445.34. The trade was a 9.48% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. 0.70% of the stock is owned by company insiders.

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.