Retirement Systems of Alabama Sells 1,315 Shares of Linde PLC $LIN

Retirement Systems of Alabama trimmed its stake in Linde PLC (NASDAQ:LIN) by 1.3% during the second quarter, Holdings Channel reports. The fund owned 101,007 shares of the basic materials company’s stock after selling 1,315 shares during the quarter. Retirement Systems of Alabama’s holdings in Linde were worth $47,390,000 as of its most recent filing with the SEC.

Other institutional investors have also made changes to their positions in the company. Brighton Jones LLC bought a new position in Linde in the 4th quarter worth approximately $2,752,000. Revolve Wealth Partners LLC increased its position in Linde by 14.1% in the 4th quarter. Revolve Wealth Partners LLC now owns 777 shares of the basic materials company’s stock worth $325,000 after buying an additional 96 shares during the period. DAVENPORT & Co LLC increased its position in Linde by 145.3% in the 1st quarter. DAVENPORT & Co LLC now owns 30,934 shares of the basic materials company’s stock worth $14,404,000 after buying an additional 18,323 shares during the period. Fedenia Advisers LLC increased its position in Linde by 48.6% in the 1st quarter. Fedenia Advisers LLC now owns 1,900 shares of the basic materials company’s stock worth $885,000 after buying an additional 621 shares during the period. Finally, WCM Investment Management LLC increased its position in Linde by 0.3% in the 1st quarter. WCM Investment Management LLC now owns 3,339,761 shares of the basic materials company’s stock worth $1,533,318,000 after buying an additional 9,870 shares during the period. 82.80% of the stock is owned by institutional investors.

Linde Price Performance

Shares of NASDAQ:LIN opened at $432.01 on Thursday. Linde PLC has a 1-year low of $408.65 and a 1-year high of $486.38. The firm has a market capitalization of $202.57 billion, a PE ratio of 30.73, a PEG ratio of 2.92 and a beta of 0.93. The business’s 50 day moving average is $467.68 and its 200-day moving average is $464.82. The company has a current ratio of 0.93, a quick ratio of 0.78 and a debt-to-equity ratio of 0.49.

Linde (NASDAQ:LIN) last announced its quarterly earnings data 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 company had revenue of $8.50 billion for the quarter, compared to analyst estimates of $8.35 billion. During the same quarter last year, the firm earned $3.85 EPS. Linde’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. Sell-side analysts predict that Linde PLC will post 16.54 earnings per share for the current year.

Linde Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Wednesday, December 17th. Investors of record on Wednesday, December 3rd will be paid a $1.50 dividend. The ex-dividend date of this dividend is Wednesday, December 3rd. This represents a $6.00 annualized dividend and a yield of 1.4%. Linde’s payout ratio is currently 42.67%.

Wall Street Analysts Forecast Growth

Several brokerages have commented on LIN. UBS Group dropped their price target on Linde from $510.00 to $507.00 and set a “neutral” rating on the stock in a research report on Monday, October 6th. JPMorgan Chase & Co. lifted their price target on Linde from $470.00 to $475.00 and gave the stock an “overweight” rating in a research report on Monday, August 4th. Weiss Ratings reaffirmed a “buy (b)” rating on shares of Linde in a research report on Wednesday, October 8th. Finally, Citigroup lifted their price target on Linde from $530.00 to $535.00 and gave the stock a “buy” rating in a research report on Monday, October 6th. Two investment 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 stock. According to MarketBeat, the stock has a consensus rating of “Buy” and an average target price of $520.00.

Insider Buying and Selling

In related news, Director Stephen F. Angel sold 50,309 shares of the business’s stock in a transaction on Thursday, August 7th. The stock was sold at an average price of $473.38, for a total value 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. The trade was a 9.48% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available 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.