Latitude Advisors LLC Sells 38 Shares of Linde PLC (NASDAQ:LIN)

03 Jul 2025, 13:00 by Renee Jackson · The Cerbat Gem

Latitude Advisors LLC lessened its stake in Linde PLC (NASDAQ:LIN – Free Report) by 4.8% during the 1st quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 761 shares of the basic materials company’s stock after selling 38 shares during the period. Latitude Advisors LLC’s holdings in Linde were worth $354,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in the stock. Treasurer of the State of North Carolina grew its position in shares of Linde by 0.6% during the 4th quarter. Treasurer of the State of North Carolina now owns 211,395 shares of the basic materials company’s stock worth $88,505,000 after buying an additional 1,320 shares in the last quarter. Markel Group Inc. lifted its stake in Linde by 8.4% in the fourth quarter. Markel Group Inc. now owns 168,000 shares of the basic materials company’s stock worth $70,337,000 after acquiring an additional 13,000 shares during the period. Prosperity Consulting Group LLC grew its holdings in Linde by 4.5% during the 4th quarter. Prosperity Consulting Group LLC now owns 7,788 shares of the basic materials company’s stock worth $3,261,000 after acquiring an additional 332 shares in the last quarter. Arizona State Retirement System grew its holdings in Linde by 0.5% during the 4th quarter. Arizona State Retirement System now owns 138,500 shares of the basic materials company’s stock worth $57,986,000 after acquiring an additional 676 shares in the last quarter. Finally, Jump Financial LLC increased its position in Linde by 300.3% during the 4th quarter. Jump Financial LLC now owns 26,150 shares of the basic materials company’s stock valued at $10,948,000 after purchasing an additional 19,618 shares during the period. Institutional investors own 82.80% of the company’s stock.

Linde Stock Up 0.1%

Shares of LIN stock opened at $477.17 on Thursday. The stock’s fifty day moving average price is $460.47 and its 200 day moving average price is $450.38. Linde PLC has a 1-year low of $408.65 and a 1-year high of $487.49. The company has a market cap of $224.61 billion, a price-to-earnings ratio of 34.65, a price-to-earnings-growth ratio of 3.36 and a beta of 0.96. The company has a debt-to-equity ratio of 0.45, a current ratio of 0.94 and a quick ratio of 0.80.

Linde (NASDAQ:LIN – Get Free Report) last issued its quarterly earnings results on Thursday, May 1st. The basic materials company reported $3.95 earnings per share for the quarter, topping the consensus estimate of $3.92 by $0.03. Linde had a return on equity of 18.95% and a net margin of 20.02%. The business had revenue of $8.11 billion during the quarter, compared to the consensus estimate of $8.24 billion. During the same quarter last year, the company earned $3.75 earnings per share. The company’s quarterly revenue was up .1% on a year-over-year basis. On average, research analysts expect that Linde PLC will post 16.54 earnings per share for the current fiscal year.

Linde Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Wednesday, June 18th. Shareholders of record on Wednesday, June 4th were paid a dividend of $1.50 per share. The ex-dividend date was Wednesday, June 4th. This represents a $6.00 dividend on an annualized basis and a yield of 1.26%. Linde’s payout ratio is 43.57%.

Wall Street Analysts Forecast Growth

Several brokerages have recently weighed in on LIN. Argus raised shares of Linde to a “strong-buy” rating in a research report on Tuesday, April 8th. Royal Bank Of Canada assumed coverage on shares of Linde in a research note on Friday, June 13th. They issued an “outperform” rating and a $576.00 price objective for the company. Citigroup raised Linde from a “neutral” rating to a “buy” rating and increased their target price for the company from $500.00 to $535.00 in a research report on Monday. Finally, Sanford C. Bernstein upgraded Linde to a “strong-buy” rating in a report on Thursday, April 3rd. Two analysts have rated the stock with a hold rating, nine have given a buy rating and two have given a strong buy rating to the stock. According to data from MarketBeat, Linde has a consensus rating of “Buy” and an average target price of $515.90.

Get Our Latest Report on Linde

Insider Buying and Selling

In related news, VP Sean Durbin sold 7,261 shares of the company’s stock in a transaction on Thursday, May 22nd. The stock was sold at an average price of $456.42, for a total value of $3,314,065.62. Following the transaction, the vice president directly owned 8,151 shares of the company’s stock, valued at $3,720,279.42. This represents a 47.11% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, VP David P. Strauss sold 1,987 shares of the firm’s stock in a transaction on Friday, May 16th. The stock was sold at an average price of $457.04, for a total value of $908,138.48. Following the completion of the transaction, the vice president owned 22,639 shares of the company’s stock, valued at $10,346,928.56. This trade represents a 8.07% decrease in their position. The disclosure for this sale can be found here. Corporate insiders own 0.70% of the company’s stock.

About Linde

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