Linde PLC $LIN Shares Sold by Yousif Capital Management LLC

Yousif Capital Management LLC lessened its stake in Linde PLC (NASDAQ:LIN) by 2.8% during the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 79,274 shares of the basic materials company’s stock after selling 2,280 shares during the period. Yousif Capital Management LLC’s holdings in Linde were worth $37,194,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in LIN. Clarendon Private LLC raised its holdings in shares of Linde by 1.0% during the 2nd quarter. Clarendon Private LLC now owns 2,273 shares of the basic materials company’s stock worth $1,066,000 after acquiring an additional 22 shares during the period. Mitchell Sinkler & Starr PA lifted its stake in Linde by 1.9% during the second quarter. Mitchell Sinkler & Starr PA now owns 1,192 shares of the basic materials company’s stock worth $559,000 after purchasing an additional 22 shares during the last quarter. CWM LLC lifted its stake in Linde by 2.1% in the second quarter. CWM LLC now owns 11,417 shares of the basic materials company’s stock valued at $5,357,000 after buying an additional 233 shares during the last quarter. Vanguard Personalized Indexing Management LLC increased its holdings in shares of Linde by 14.7% in the second quarter. Vanguard Personalized Indexing Management LLC now owns 57,814 shares of the basic materials company’s stock valued at $27,132,000 after purchasing an additional 7,401 shares during the period. Finally, Concurrent Investment Advisors LLC increased its holdings in shares of Linde by 12.9% in the second quarter. Concurrent Investment Advisors LLC now owns 10,001 shares of the basic materials company’s stock valued at $4,692,000 after purchasing an additional 1,140 shares during the period. Hedge funds and other institutional investors own 82.80% of the company’s stock.

Linde Price Performance

LIN stock opened at $453.82 on Monday. The company has a debt-to-equity ratio of 0.49, a quick ratio of 0.78 and a current ratio of 0.93. Linde PLC has a 1 year low of $408.65 and a 1 year high of $487.49. The firm has a market cap of $212.80 billion, a P/E ratio of 32.28, a price-to-earnings-growth ratio of 3.00 and a beta of 0.93. The stock has a 50-day simple moving average of $474.45 and a 200-day simple moving average of $464.51.

Linde (NASDAQ:LIN) last posted its earnings results on Friday, August 1st. The basic materials company reported $4.09 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $4.03 by $0.06. Linde had a return on equity of 19.09% and a net margin of 20.20%.The business had revenue of $8.50 billion during the quarter, compared to analyst estimates of $8.35 billion. During the same quarter last year, the firm earned $3.85 earnings per share. The company’s revenue for the quarter was up 2.3% compared to the same quarter last year. Linde has set its FY 2025 guidance at 16.300-16.500 EPS. Q3 2025 guidance at 4.100-4.20 EPS. On average, equities analysts predict that Linde PLC will post 16.54 earnings per share for the current fiscal year.

Linde Announces Dividend

The firm also recently disclosed 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. This represents a $6.00 dividend on an annualized basis and a yield of 1.3%. The ex-dividend date was Thursday, September 4th. Linde’s dividend payout ratio (DPR) is 42.67%.

Insiders Place Their Bets

In other Linde news, Director Stephen F. Angel sold 50,309 shares of the firm’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 completion of the sale, the director owned 480,543 shares in the company, valued at $227,479,445.34. This trade represents a 9.48% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. 0.70% of the stock is currently owned by company insiders.

Wall Street Analyst Weigh In

Several research firms have recently issued reports on LIN. Weiss Ratings reaffirmed a “buy (b)” rating on shares of Linde in a research note on Wednesday, October 8th. JPMorgan Chase & Co. increased their target price on Linde from $470.00 to $475.00 and gave the stock an “overweight” rating in a research report on Monday, August 4th. UBS Group reduced 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, October 6th. Finally, Citigroup raised their price objective on Linde from $530.00 to $535.00 and gave the stock a “buy” rating in a report on Monday, October 6th. Two analysts have rated the stock with a Strong Buy rating, eight have issued a Buy rating and two have issued a Hold rating to the company’s stock. Based on data from MarketBeat, Linde currently has a consensus rating of “Buy” and a consensus target price of $520.00.

Linde Company 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.