Hartline Investment Corp Sells 293 Shares of Linde PLC (NASDAQ:LIN)

04 Jul 2025, 16:22 by Danessa Lincoln · The Markets Daily

Hartline Investment Corp decreased its position in shares of Linde PLC (NASDAQ:LIN – Free Report) by 5.5% in the 1st quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 4,998 shares of the basic materials company’s stock after selling 293 shares during the quarter. Hartline Investment Corp’s holdings in Linde were worth $2,327,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also recently modified their holdings of the company. Brighton Jones LLC bought a new stake in shares of Linde during the 4th quarter valued at about $2,752,000. Revolve Wealth Partners LLC lifted its stake in Linde by 14.1% in the fourth quarter. Revolve Wealth Partners LLC now owns 777 shares of the basic materials company’s stock valued at $325,000 after buying an additional 96 shares during the period. Bank Pictet & Cie Europe AG boosted its holdings in shares of Linde by 2.8% during the 4th quarter. Bank Pictet & Cie Europe AG now owns 68,460 shares of the basic materials company’s stock worth $28,662,000 after buying an additional 1,876 shares in the last quarter. Fisher Asset Management LLC boosted its stake in Linde by 5.1% during the fourth quarter. Fisher Asset Management LLC now owns 1,652 shares of the basic materials company’s stock worth $692,000 after acquiring an additional 80 shares in the last quarter. Finally, SBI Securities Co. Ltd. acquired a new position in Linde during the 4th quarter worth approximately $283,000. Institutional investors and hedge funds own 82.80% of the company’s stock.

Insiders Place Their Bets

In related news, VP Sean Durbin sold 7,261 shares of the business’s stock in a transaction dated 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 sale, the vice president directly owned 8,151 shares in the company, valued at approximately $3,720,279.42. The trade was a 47.11% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, VP David P. Strauss sold 1,987 shares of the company’s stock in a transaction dated Friday, May 16th. The shares were sold at an average price of $457.04, for a total transaction of $908,138.48. Following the sale, the vice president directly owned 22,639 shares in the company, valued at approximately $10,346,928.56. This trade represents a 8.07% decrease in their ownership of the stock. The disclosure for this sale can be found here. 0.70% of the stock is owned by corporate insiders.

Analysts Set New Price Targets

A number of research analysts have recently issued reports on the stock. Argus upgraded shares of Linde to a “strong-buy” rating in a report on Tuesday, April 8th. Sanford C. Bernstein raised Linde to a “strong-buy” rating in a report on Thursday, April 3rd. Royal Bank Of Canada started coverage on Linde in a report on Friday, June 13th. They issued an “outperform” rating and a $576.00 target price on the stock. Finally, Citigroup upgraded Linde from a “neutral” rating to a “buy” rating and upped their price target for the stock from $500.00 to $535.00 in a report on Monday. Two equities research analysts have rated the stock with a hold rating, nine have assigned a buy rating and two have assigned a strong buy rating to the stock. Based on data from MarketBeat, the company presently has an average rating of “Buy” and a consensus price target of $515.90.

View Our Latest Analysis on LIN

Linde Trading Down 0.3%

Shares of Linde stock opened at $475.83 on Friday. The stock has a fifty day moving average price of $460.99 and a 200-day moving average price of $450.71. The company has a debt-to-equity ratio of 0.45, a current ratio of 0.94 and a quick ratio of 0.80. The firm has a market cap of $223.98 billion, a PE ratio of 34.56, a P/E/G ratio of 3.37 and a beta of 0.96. Linde PLC has a 1 year low of $408.65 and a 1 year high of $487.49.

Linde (NASDAQ:LIN – Get Free Report) last released its earnings results on Thursday, May 1st. The basic materials company reported $3.95 earnings per share for the quarter, beating analysts’ consensus estimates of $3.92 by $0.03. The firm had revenue of $8.11 billion during the quarter, compared to the consensus estimate of $8.24 billion. Linde had a net margin of 20.02% and a return on equity of 18.95%. The company’s revenue was up .1% compared to the same quarter last year. During the same period in the prior year, the firm earned $3.75 EPS. Equities research analysts anticipate that Linde PLC will post 16.54 EPS for the current year.

Linde Dividend Announcement

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

Linde Profile

(Free Report)

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.