Linden Thomas Advisory Services LLC Raises Stock Position in Linde PLC $LIN

Linden Thomas Advisory Services LLC boosted its stake in shares of Linde PLC (NASDAQ:LIN) by 17.7% in the second quarter, HoldingsChannel.com reports. The fund owned 2,721 shares of the basic materials company’s stock after purchasing an additional 410 shares during the period. Linden Thomas Advisory Services LLC’s holdings in Linde were worth $1,277,000 at the end of the most recent reporting period.

Several other institutional investors have also modified their holdings of the stock. Leavell Investment Management Inc. increased its stake in shares of Linde by 4.4% during the second quarter. Leavell Investment Management Inc. now owns 4,767 shares of the basic materials company’s stock worth $2,237,000 after purchasing an additional 200 shares in the last quarter. Focus Partners Advisor Solutions LLC boosted its holdings in Linde by 30.3% in the 2nd quarter. Focus Partners Advisor Solutions LLC now owns 3,282 shares of the basic materials company’s stock worth $1,539,000 after buying an additional 763 shares during the last quarter. Richards Merrill & Peterson Inc. increased its stake in Linde by 7.7% during the 2nd quarter. Richards Merrill & Peterson Inc. now owns 879 shares of the basic materials company’s stock worth $412,000 after buying an additional 63 shares in the last quarter. Sage Mountain Advisors LLC raised its holdings in shares of Linde by 4.2% during the second quarter. Sage Mountain Advisors LLC now owns 3,177 shares of the basic materials company’s stock valued at $1,490,000 after acquiring an additional 128 shares during the last quarter. Finally, Sumitomo Mitsui Trust Group Inc. lifted its position in shares of Linde by 2.7% in the second quarter. Sumitomo Mitsui Trust Group Inc. now owns 1,523,137 shares of the basic materials company’s stock valued at $714,625,000 after acquiring an additional 39,642 shares in the last quarter. Institutional investors and hedge funds own 82.80% of the company’s stock.

Insider Buying and Selling

In related 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 value of $23,815,274.42. Following the transaction, the director directly owned 480,543 shares in the company, valued at approximately $227,479,445.34. This represents a 9.48% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Corporate insiders own 0.70% of the company’s stock.

Linde Stock Down 0.9%

NASDAQ LIN opened at $446.00 on Monday. The business’s fifty day simple moving average is $470.10 and its 200-day simple moving average is $464.83. The company has a quick ratio of 0.78, a current ratio of 0.93 and a debt-to-equity ratio of 0.49. The firm has a market cap of $209.13 billion, a PE ratio of 31.72, a P/E/G ratio of 2.94 and a beta of 0.93. Linde PLC has a 52 week low of $408.65 and a 52 week high of $486.38.

Linde (NASDAQ:LIN) last released its quarterly earnings data on Friday, August 1st. The basic materials company reported $4.09 earnings per share (EPS) for the quarter, topping the consensus estimate of $4.03 by $0.06. Linde had a net margin of 20.20% and a return on equity of 19.09%. The firm had revenue of $8.50 billion during the quarter, compared to analysts’ expectations of $8.35 billion. During the same period last year, the business earned $3.85 earnings per share. Linde’s revenue was up 2.3% compared to the same quarter last year. 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 earnings per share for the current year.

Linde Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Thursday, September 18th. Stockholders 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 of this dividend was Thursday, September 4th. Linde’s payout ratio is presently 42.67%.

Analysts Set New Price Targets

Several analysts recently commented on the company. JPMorgan Chase & Co. boosted their price target on Linde from $470.00 to $475.00 and gave the stock an “overweight” rating in a research report on Monday, August 4th. Weiss Ratings reaffirmed a “buy (b)” rating on shares of Linde in a report on Saturday. UBS Group reduced their target price on shares of Linde from $510.00 to $507.00 and set a “neutral” rating for the company in a research report on Monday, October 6th. Finally, Citigroup boosted their price target on shares of Linde from $530.00 to $535.00 and gave the stock a “buy” rating in a research report on Monday, October 6th. Two research 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 stock. Based on data from MarketBeat, the stock has an average 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.