JB Capital LLC Acquires Shares of 473 Linde PLC $LIN

JB Capital LLC purchased a new position in shares of Linde PLC (NASDAQ:LIN) in the second quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund purchased 473 shares of the basic materials company’s stock, valued at approximately $222,000.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Blue Trust Inc. lifted its holdings in shares of Linde by 12.2% in the 2nd quarter. Blue Trust Inc. now owns 8,159 shares of the basic materials company’s stock valued at $3,828,000 after purchasing an additional 884 shares during the last quarter. Fourpath Capital Management LLC raised its stake in shares of Linde by 1.7% during the second quarter. Fourpath Capital Management LLC now owns 4,210 shares of the basic materials company’s stock worth $1,975,000 after purchasing an additional 72 shares during the last quarter. Cyndeo Wealth Partners LLC boosted its holdings in shares of Linde by 2.5% in the second quarter. Cyndeo Wealth Partners LLC now owns 16,005 shares of the basic materials company’s stock valued at $7,509,000 after acquiring an additional 391 shares in the last quarter. Commerzbank Aktiengesellschaft FI boosted its holdings in Linde by 14.1% in the 2nd quarter. Commerzbank Aktiengesellschaft FI now owns 12,597 shares of the basic materials company’s stock valued at $5,911,000 after purchasing an additional 1,554 shares in the last quarter. Finally, McKinley Carter Wealth Services Inc. grew its holdings in Linde by 8.3% during the second quarter. McKinley Carter Wealth Services Inc. now owns 19,935 shares of the basic materials company’s stock worth $9,353,000 after acquiring an additional 1,523 shares during the period. Institutional investors and hedge funds own 82.80% of the company’s stock.

Linde Stock Performance

Shares of NASDAQ LIN opened at $453.82 on Friday. The company has a quick ratio of 0.78, a current ratio of 0.93 and a debt-to-equity ratio of 0.49. Linde PLC has a 52-week low of $408.65 and a 52-week high of $487.49. The stock has a market capitalization 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’s fifty day simple moving average is $474.45 and its 200 day simple moving average is $464.49.

Linde (NASDAQ:LIN) last released its quarterly earnings results on Friday, August 1st. The basic materials company reported $4.09 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $4.03 by $0.06. The business had revenue of $8.50 billion for 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 firm’s revenue was up 2.3% compared to the same quarter last year. During the same quarter in the previous year, the business 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, sell-side analysts forecast that Linde PLC will post 16.54 earnings per share 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 issued a $1.50 dividend. The ex-dividend date was Thursday, September 4th. This represents a $6.00 dividend on an annualized basis and a yield of 1.3%. Linde’s dividend payout ratio is currently 42.67%.

Insider Buying and Selling at Linde

In other Linde news, Director Stephen F. Angel sold 50,309 shares of the company’s stock in a transaction that occurred 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 owned 480,543 shares of the company’s stock, valued at $227,479,445.34. This represents a 9.48% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Insiders own 0.70% of the company’s stock.

Wall Street Analysts Forecast Growth

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