3Chopt Investment Partners LLC Has $280,000 Position in Linde PLC $LIN

3Chopt Investment Partners LLC cut its holdings in shares of Linde PLC (NASDAQ:LIN) by 6.3% during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 596 shares of the basic materials company’s stock after selling 40 shares during the quarter. 3Chopt Investment Partners LLC’s holdings in Linde were worth $280,000 as of its most recent SEC filing.

Other institutional investors have also added to or reduced their stakes in the company. North Capital Inc. bought a new stake in Linde in the 1st quarter valued at $25,000. Abound Financial LLC bought a new stake in Linde in the 1st quarter valued at $41,000. eCIO Inc. bought a new stake in Linde in the 1st quarter valued at $45,000. Clal Insurance Enterprises Holdings Ltd boosted its stake in Linde by 445.0% in the 1st quarter. Clal Insurance Enterprises Holdings Ltd now owns 109 shares of the basic materials company’s stock valued at $51,000 after purchasing an additional 89 shares during the period. Finally, Nova Wealth Management Inc. bought a new stake in Linde in the 1st quarter valued at $52,000. 82.80% of the stock is currently owned by institutional investors.

Linde Stock Performance

NASDAQ:LIN opened at $453.82 on Friday. 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 fifty-two week low of $408.65 and a fifty-two week high of $487.49. The company has a market cap of $212.80 billion, a price-to-earnings ratio of 32.28, a PEG ratio of 3.03 and a beta of 0.93. The stock has a fifty day moving average price of $474.45 and a 200-day moving average price of $464.49.

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 business had revenue of $8.50 billion during the quarter, compared to the consensus estimate of $8.35 billion. During the same period in the prior year, the company earned $3.85 EPS. Linde’s revenue for the quarter was up 2.3% on a year-over-year basis. 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 anticipate that Linde PLC will post 16.54 EPS 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 given a dividend of $1.50 per share. This represents a $6.00 annualized dividend and a dividend yield of 1.3%. The ex-dividend date was Thursday, September 4th. Linde’s dividend payout ratio is currently 42.67%.

Insider Buying and Selling at Linde

In related news, Director Stephen F. Angel sold 50,309 shares of the company’s stock in a transaction on Thursday, August 7th. The stock was 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 directly owned 480,543 shares in the company, valued at $227,479,445.34. This represents a 9.48% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. 0.70% of the stock is currently owned by corporate insiders.

Wall Street Analysts Forecast Growth

Several analysts recently issued reports on the company. Weiss Ratings restated a “buy (b)” rating on shares of Linde in a research note on Wednesday. JPMorgan Chase & Co. upped their target price on Linde from $470.00 to $475.00 and gave the company an “overweight” rating in a research report on Monday, August 4th. Royal Bank Of Canada assumed coverage on Linde in a research report on Friday, June 13th. They set an “outperform” rating and a $576.00 target price for the company. UBS Group cut their target price on Linde from $510.00 to $507.00 and set a “neutral” rating for the company in a research report on Monday. Finally, Citigroup upped their target price on Linde from $530.00 to $535.00 and gave the company a “buy” rating in a research report on Monday. Two analysts have rated the stock with a Strong Buy rating, eight have issued a Buy rating and two have assigned a Hold rating to the company’s stock. According to MarketBeat, the company presently has a consensus rating of “Buy” and a consensus price target of $520.00.

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.