Signet Financial Management LLC Sells 70 Shares of Linde PLC $LIN

Signet Financial Management LLC reduced its stake in Linde PLC (NASDAQ:LIN) by 3.7% in the 2nd quarter, according to the company in its most recent filing with the SEC. The fund owned 1,821 shares of the basic materials company’s stock after selling 70 shares during the quarter. Signet Financial Management LLC’s holdings in Linde were worth $854,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in LIN. Price T Rowe Associates Inc. MD grew its position in Linde by 5.0% in the 1st quarter. Price T Rowe Associates Inc. MD now owns 9,600,297 shares of the basic materials company’s stock worth $4,470,284,000 after purchasing an additional 453,108 shares during the last quarter. Wellington Management Group LLP grew its position in Linde by 18.6% during the first quarter. Wellington Management Group LLP now owns 7,542,991 shares of the basic materials company’s stock worth $3,511,751,000 after buying an additional 1,182,157 shares in the last quarter. Nuveen LLC bought a new position in Linde during the first quarter valued at about $2,097,793,000. Invesco Ltd. raised its holdings in Linde by 1.1% in the 1st quarter. Invesco Ltd. now owns 3,859,539 shares of the basic materials company’s stock valued at $1,797,156,000 after acquiring an additional 40,931 shares in the last quarter. Finally, GAMMA Investing LLC raised its holdings in Linde by 58,312.0% in the 1st quarter. GAMMA Investing LLC now owns 3,415,935 shares of the basic materials company’s stock valued at $1,590,596,000 after acquiring an additional 3,410,087 shares in the last quarter. Institutional investors and hedge funds own 82.80% of the company’s stock.

Linde Stock Performance

Shares of Linde stock opened at $473.78 on Friday. The firm has a 50 day simple moving average of $474.43 and a 200 day simple moving average of $463.66. The firm has a market cap of $222.16 billion, a P/E ratio of 33.70, a P/E/G ratio of 3.13 and a beta of 0.95. Linde PLC has a fifty-two week low of $408.65 and a fifty-two week high of $487.49. The company has a debt-to-equity ratio of 0.49, a current ratio of 0.93 and a quick ratio of 0.78.

Linde (NASDAQ:LIN) last released its earnings results on Friday, August 1st. The basic materials company reported $4.09 earnings per share for the quarter, topping analysts’ consensus estimates of $4.03 by $0.06. The company had revenue of $8.50 billion during the quarter, compared to the consensus estimate of $8.35 billion. Linde had a return on equity of 19.09% and a net margin of 20.20%.The firm’s quarterly revenue was up 2.3% on a year-over-year basis. During the same quarter in the previous year, the company posted $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. Sell-side analysts predict that Linde PLC will post 16.54 earnings per share for the current fiscal year.

Linde Announces Dividend

The business 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. 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 42.67%.

Insider Activity at Linde

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

Wall Street Analyst Weigh In

A number of analysts have recently issued reports on the company. UBS Group boosted their price objective on Linde from $485.00 to $504.00 and gave the company a “neutral” rating in a research report on Wednesday, July 9th. Citigroup upgraded shares of Linde from a “neutral” rating to a “buy” rating and increased their price objective for the company from $500.00 to $535.00 in a research note on Monday, June 30th. Royal Bank Of Canada started coverage on shares of Linde in a research report on Friday, June 13th. They set an “outperform” rating and a $576.00 target price on the stock. Finally, JPMorgan Chase & Co. increased their price target 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 analysts have rated the stock with a Strong Buy rating, seven have given a Buy rating and two have issued a Hold rating to the company. According to data from MarketBeat.com, the company currently has a consensus rating of “Buy” and a consensus target price of $519.63.

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.