Linde PLC $LIN Shares Sold by Fulton Breakefield Broenniman LLC

Fulton Breakefield Broenniman LLC reduced its position in shares of Linde PLC (NASDAQ:LIN) by 0.9% during the second quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 46,436 shares of the basic materials company’s stock after selling 415 shares during the period. Linde comprises 1.5% of Fulton Breakefield Broenniman LLC’s portfolio, making the stock its 21st largest position. Fulton Breakefield Broenniman LLC’s holdings in Linde were worth $21,787,000 at the end of the most recent reporting period.

Other institutional investors have also made changes to their positions in the company. Price T Rowe Associates Inc. MD raised its holdings in Linde by 5.0% in the first quarter. Price T Rowe Associates Inc. MD now owns 9,600,297 shares of the basic materials company’s stock valued at $4,470,284,000 after acquiring an additional 453,108 shares in the last quarter. Wellington Management Group LLP raised its holdings in Linde by 18.6% in the first quarter. Wellington Management Group LLP now owns 7,542,991 shares of the basic materials company’s stock valued at $3,511,751,000 after acquiring an additional 1,182,157 shares in the last quarter. Nuveen LLC acquired a new stake in Linde in the first quarter valued at $2,097,793,000. Invesco Ltd. raised its holdings in Linde by 1.1% in the first 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, WCM Investment Management LLC raised its holdings in Linde by 0.3% in the first quarter. WCM Investment Management LLC now owns 3,339,761 shares of the basic materials company’s stock valued at $1,533,318,000 after acquiring an additional 9,870 shares in the last quarter. 82.80% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

LIN has been the topic of several recent analyst reports. UBS Group cut their price target on shares of Linde from $510.00 to $507.00 and set a “neutral” rating on the stock in a report on Monday. Weiss Ratings reissued a “buy (b)” rating on shares of Linde in a report on Wednesday. Royal Bank Of Canada started coverage on shares of Linde in a report on Friday, June 13th. They set an “outperform” rating and a $576.00 target price on the stock. Citigroup increased their target price on shares of Linde from $530.00 to $535.00 and gave the stock a “buy” rating in a report on Monday. Finally, JPMorgan Chase & Co. increased their target price on shares of Linde from $470.00 to $475.00 and gave the stock an “overweight” rating in a report on Monday, August 4th. Two analysts have rated the stock with a Strong Buy rating, eight have assigned a Buy rating and two have given a Hold rating to the company. According to MarketBeat, the stock presently has an average rating of “Buy” and a consensus target price of $520.00.

Linde Stock Down 0.5%

Linde stock opened at $467.83 on Thursday. The company has a 50-day simple moving average of $474.60 and a 200-day simple moving average of $464.52. The firm has a market capitalization of $219.37 billion, a P/E ratio of 33.27, a P/E/G ratio of 3.11 and a beta of 0.93. 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 one year low of $408.65 and a one year high of $487.49.

Linde (NASDAQ:LIN) last released its quarterly earnings results on Friday, August 1st. The basic materials company reported $4.09 EPS for the quarter, topping the consensus estimate of $4.03 by $0.06. The business had revenue of $8.50 billion during the quarter, compared to analyst estimates 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 prior year, the firm 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. As a group, equities analysts expect that Linde PLC will post 16.54 earnings per share for the current year.

Linde Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Thursday, September 18th. Stockholders of record on Thursday, September 4th were given a dividend of $1.50 per share. The ex-dividend date was Thursday, September 4th. This represents a $6.00 annualized dividend and a dividend yield of 1.3%. Linde’s dividend payout ratio is currently 42.67%.

Insider Activity at Linde

In other 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 transaction, the director owned 480,543 shares in the company, valued at approximately $227,479,445.34. This represents a 9.48% decrease in their ownership of the stock. The transaction 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.

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.