Mon Sep 09 14:45:40 UTC 2024: ## Linde plc Sees Mixed Investor Activity in Q2 2024

**New York, NY – September 9, 2024** – Industrial gas giant Linde plc (NASDAQ:LIN) experienced mixed investor activity during the second quarter of 2024. While some institutional investors trimmed their holdings, others increased their stakes in the company.

Certuity LLC, for example, reduced its holdings in Linde by 14% during the quarter, selling off 179 shares. However, several other investors, including Acadian Asset Management LLC, saw Linde as a good investment opportunity and significantly boosted their positions.

Linde’s stock performance also drew attention from analysts. Citigroup, BMO Capital Markets, Barclays, UBS Group, and JPMorgan Chase & Co. all released updated price targets and ratings for the company. While UBS Group lowered its price target, the other four analysts raised their targets, with JPMorgan Chase & Co. issuing an “overweight” rating. Overall, analysts currently hold a “Moderate Buy” rating on Linde, with a consensus target price of $484.18.

Despite the mixed investor activity, Linde continued to perform well financially. The company exceeded analysts’ expectations for both earnings and revenue in the second quarter. Linde also declared a quarterly dividend of $1.39 per share, representing an annualized dividend of $5.56.

Linde’s stock opened at $456.85 on Monday, and the company continues to operate as a leading industrial gas provider across the globe.

**Disclaimer:** This news article is based on information from the provided text and does not constitute financial advice.

Read More