AlTi Global Inc. Increases Stock Position in Linde PLC $LIN

AlTi Global Inc. increased its position in Linde PLC (NASDAQ:LIN) by 1.1% in the second quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 2,065 shares of the basic materials company’s stock after acquiring an additional 23 shares during the period. AlTi Global Inc.’s holdings in Linde were worth $969,000 at the end of the most recent reporting period.

Other hedge funds also recently added to or reduced their stakes in the company. Bartlett & CO. Wealth Management LLC raised its stake in Linde by 1.3% during the 2nd quarter. Bartlett & CO. Wealth Management LLC now owns 249,742 shares of the basic materials company’s stock valued at $117,174,000 after buying an additional 3,230 shares during the last quarter. Truist Financial Corp raised its stake in Linde by 75.0% during the 1st quarter. Truist Financial Corp now owns 193,563 shares of the basic materials company’s stock valued at $90,131,000 after buying an additional 82,952 shares during the last quarter. Freedom Day Solutions LLC raised its stake in Linde by 9.6% during the 1st quarter. Freedom Day Solutions LLC now owns 6,102 shares of the basic materials company’s stock valued at $2,841,000 after buying an additional 535 shares during the last quarter. Meiji Yasuda Asset Management Co Ltd. raised its stake in Linde by 25.9% during the 1st quarter. Meiji Yasuda Asset Management Co Ltd. now owns 23,558 shares of the basic materials company’s stock valued at $10,970,000 after buying an additional 4,839 shares during the last quarter. Finally, Exane Asset Management purchased a new stake in Linde during the 1st quarter valued at $295,000. 82.80% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

A number of brokerages have weighed in on LIN. JPMorgan Chase & Co. boosted 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. Citigroup boosted their target price on shares of Linde from $530.00 to $535.00 and gave the company a “buy” rating in a research note on Monday, October 6th. UBS Group decreased their target price on shares of Linde from $510.00 to $507.00 and set a “neutral” rating for the company in a research note on Monday, October 6th. Finally, Weiss Ratings reiterated a “buy (b)” rating on shares of Linde in a research note on Wednesday, October 8th. Two investment analysts have rated the stock with a Strong Buy rating, eight have assigned a Buy rating and two have given a Hold rating to the stock. Based on data from MarketBeat.com, Linde has an average rating of “Buy” and a consensus target price of $520.00.

Linde Trading Down 0.9%

Shares of LIN stock opened at $446.00 on Friday. Linde PLC has a 1 year low of $408.65 and a 1 year high of $486.38. The firm has a fifty day moving average price of $470.10 and a 200-day moving average price of $464.34. The company has a debt-to-equity ratio of 0.49, a current ratio of 0.93 and a quick ratio of 0.78. The company has a market cap of $209.13 billion, a price-to-earnings ratio of 31.72, a PEG ratio of 2.97 and a beta of 0.93.

Linde (NASDAQ:LIN) last issued its quarterly earnings data 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. 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 the consensus estimate of $8.35 billion. During the same quarter in the previous year, the firm posted $3.85 EPS. The company’s revenue for the quarter 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 predict that Linde PLC will post 16.54 earnings per share for the current year.

Linde Dividend Announcement

The company also recently announced 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 of this dividend was Thursday, September 4th. This represents a $6.00 annualized dividend and a yield of 1.3%. Linde’s dividend payout ratio is currently 42.67%.

Insiders Place Their Bets

In related news, Director Stephen F. Angel sold 50,309 shares of the company’s stock in a transaction on Thursday, August 7th. The shares were sold at an average price of $473.38, for a total value of $23,815,274.42. Following the completion of the transaction, the director owned 480,543 shares of the company’s stock, valued at approximately $227,479,445.34. This represents a 9.48% decrease in their position. The sale was disclosed in a filing with the SEC, which is accessible through this link. Corporate insiders own 0.70% of the company’s stock.

Linde Company 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.