Linde PLC $LIN Shares Sold by Mitchell Capital Management Co.

Mitchell Capital Management Co. cut its holdings in shares of Linde PLC (NASDAQ:LIN) by 12.1% in the second quarter, HoldingsChannel reports. The firm owned 4,931 shares of the basic materials company’s stock after selling 678 shares during the period. Mitchell Capital Management Co.’s holdings in Linde were worth $2,293,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in LIN. Brighton Jones LLC acquired a new position in Linde during the fourth quarter valued at $2,752,000. Revolve Wealth Partners LLC lifted its position in Linde by 14.1% during the fourth quarter. Revolve Wealth Partners LLC now owns 777 shares of the basic materials company’s stock valued at $325,000 after purchasing an additional 96 shares during the period. GAMMA Investing LLC lifted its position in Linde by 25.4% during the first quarter. GAMMA Investing LLC now owns 7,336 shares of the basic materials company’s stock valued at $3,416,000 after purchasing an additional 1,488 shares during the period. CVA Family Office LLC raised its position in shares of Linde by 5.0% in the first quarter. CVA Family Office LLC now owns 981 shares of the basic materials company’s stock worth $457,000 after acquiring an additional 47 shares during the period. Finally, Tritonpoint Wealth LLC raised its position in shares of Linde by 4.9% in the first quarter. Tritonpoint Wealth LLC now owns 2,108 shares of the basic materials company’s stock worth $982,000 after acquiring an additional 98 shares during the period. 82.80% of the stock is currently owned by institutional investors and hedge funds.

Insider Transactions 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. Corporate insiders own 0.70% of the company’s stock.

Analysts Set New Price Targets

A number of brokerages have weighed in on LIN. Citigroup upped their price objective on shares of Linde from $530.00 to $535.00 and gave the stock a “buy” rating in a research report on Monday, October 6th. Weiss Ratings reiterated a “buy (b)” rating on shares of Linde in a research report on Wednesday, October 8th. UBS Group decreased their price objective on shares of Linde from $510.00 to $507.00 and set a “neutral” rating for the company in a research report on Monday, October 6th. Finally, JPMorgan Chase & Co. upped their price objective on shares of Linde from $470.00 to $475.00 and gave the stock an “overweight” rating in a research report on Monday, August 4th. Two investment analysts have rated the stock with a Strong Buy rating, eight have issued a Buy rating and two have given a Hold rating to the company. According to data from MarketBeat, the stock has an average rating of “Buy” and a consensus price target of $520.00.

Linde Stock Down 0.9%

LIN stock opened at $453.82 on Monday. The stock has a market capitalization of $212.80 billion, a P/E ratio of 32.28, a P/E/G ratio of 3.00 and a beta of 0.93. The firm has a 50-day simple moving average of $474.45 and a 200-day simple moving average of $464.51. 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 PLC has a 52 week low of $408.65 and a 52 week high of $487.49.

Linde (NASDAQ:LIN) last released its earnings results 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. The business had revenue of $8.50 billion during 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 company’s quarterly revenue was up 2.3% on a year-over-year basis. During the same quarter in the previous year, the company earned $3.85 earnings per share. Linde has set its FY 2025 guidance at 16.300-16.500 EPS. Q3 2025 guidance at 4.100-4.20 EPS. Equities analysts forecast 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. Investors of record on Thursday, September 4th were paid a dividend of $1.50 per share. This represents a $6.00 annualized dividend and a yield of 1.3%. The ex-dividend date of this dividend was Thursday, September 4th. Linde’s dividend payout ratio is currently 42.67%.

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.