Clarius Group LLC Sells 378 Shares of Linde PLC $LIN

Clarius Group LLC cut its position in shares of Linde PLC (NASDAQ:LIN) by 18.2% in the second quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 1,698 shares of the basic materials company’s stock after selling 378 shares during the period. Clarius Group LLC’s holdings in Linde were worth $797,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors and hedge funds have also bought and sold shares of the company. Bartlett & CO. Wealth Management LLC raised its position in shares of Linde by 1.3% in the 2nd quarter. Bartlett & CO. Wealth Management LLC now owns 249,742 shares of the basic materials company’s stock worth $117,174,000 after acquiring an additional 3,230 shares in the last quarter. Truist Financial Corp raised its position in shares of Linde by 75.0% in the 1st quarter. Truist Financial Corp now owns 193,563 shares of the basic materials company’s stock worth $90,131,000 after acquiring an additional 82,952 shares in the last quarter. Freedom Day Solutions LLC raised its position in shares of Linde by 9.6% in the 1st quarter. Freedom Day Solutions LLC now owns 6,102 shares of the basic materials company’s stock worth $2,841,000 after acquiring an additional 535 shares in the last quarter. Meiji Yasuda Asset Management Co Ltd. raised its position in shares of Linde by 25.9% in the 1st quarter. Meiji Yasuda Asset Management Co Ltd. now owns 23,558 shares of the basic materials company’s stock worth $10,970,000 after acquiring an additional 4,839 shares in the last quarter. Finally, Hourglass Capital LLC bought a new position in shares of Linde in the 1st quarter worth $935,000. 82.80% of the stock is owned by institutional investors.

Insider Activity at Linde

In related news, Director Stephen F. Angel sold 50,309 shares of the company’s 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 completion of the sale, the director owned 480,543 shares of the company’s stock, valued at approximately $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 is accessible through the SEC website. 0.70% of the stock is owned by corporate insiders.

Analyst Upgrades and Downgrades

Several research firms have recently commented on LIN. Royal Bank Of Canada began coverage on Linde in a research report on Friday, June 13th. They issued an “outperform” rating and a $576.00 price target for the company. Weiss Ratings reissued a “buy (b)” rating on shares of Linde in a research report on Saturday, September 27th. JPMorgan Chase & Co. boosted 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. Citigroup raised Linde from a “neutral” rating to a “buy” rating and upped their target price for the company from $500.00 to $535.00 in a research report on Monday, June 30th. Finally, UBS Group upped their target price on Linde from $485.00 to $504.00 and gave the company a “neutral” rating in a research report on Wednesday, July 9th. Two analysts have rated the stock with a Strong Buy rating, eight have given a Buy rating and two have given a Hold rating to the company. Based on data from MarketBeat, Linde currently has a consensus rating of “Buy” and a consensus target price of $519.63.

Linde Stock Down 0.6%

Shares of LIN opened at $466.73 on Monday. 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 company has a market capitalization of $218.85 billion, a price-to-earnings ratio of 33.20, a PEG ratio of 3.08 and a beta of 0.93. The stock’s 50-day moving average price is $474.57 and its 200-day moving average price is $464.39. Linde PLC has a 52 week low of $408.65 and a 52 week high of $487.49.

Linde (NASDAQ:LIN) last released its quarterly 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. The firm had revenue of $8.50 billion for 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 firm’s revenue for the quarter was up 2.3% compared to the same quarter last year. During the same quarter last year, the company 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. On average, sell-side analysts predict that Linde PLC will post 16.54 EPS for the current year.

Linde Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Thursday, September 18th. Stockholders of record on Thursday, September 4th were paid 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 dividend yield of 1.3%. Linde’s payout ratio is currently 42.67%.

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.