Canopy Partners LLC Grows Holdings in Linde PLC $LIN

Canopy Partners LLC boosted its holdings in Linde PLC (NASDAQ:LIN) by 2.9% during the second quarter, according to the company in its most recent disclosure with the SEC. The firm owned 788 shares of the basic materials company’s stock after purchasing an additional 22 shares during the quarter. Canopy Partners LLC’s holdings in Linde were worth $370,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also bought and sold shares of LIN. North Capital Inc. purchased a new stake in Linde during the 1st quarter valued at about $25,000. Abound Financial LLC purchased a new stake in Linde during the 1st quarter valued at about $41,000. eCIO Inc. purchased a new stake in shares of Linde during the first quarter valued at approximately $45,000. Clal Insurance Enterprises Holdings Ltd grew its holdings in shares of Linde by 445.0% during the first quarter. Clal Insurance Enterprises Holdings Ltd now owns 109 shares of the basic materials company’s stock valued at $51,000 after buying an additional 89 shares during the last quarter. Finally, Nova Wealth Management Inc. purchased a new stake in shares of Linde during the first quarter valued at approximately $52,000. Hedge funds and other institutional investors own 82.80% of the company’s stock.

Wall Street Analysts Forecast Growth

LIN has been the topic of a number of recent analyst reports. JPMorgan Chase & Co. increased their price target on shares of Linde from $470.00 to $475.00 and gave the company an “overweight” rating in a report on Monday, August 4th. UBS Group cut their target price on Linde from $510.00 to $507.00 and set a “neutral” rating on the stock in a research note on Monday. Citigroup increased their price objective on Linde from $530.00 to $535.00 and gave the company a “buy” rating in a research report on Monday. Royal Bank Of Canada assumed coverage on Linde in a research report on Friday, June 13th. They set an “outperform” rating and a $576.00 price objective on the stock. Finally, Weiss Ratings reaffirmed a “buy (b)” rating on shares of Linde in a research report on Saturday, September 27th. Two equities research analysts have rated the stock with a Strong Buy rating, eight have assigned a Buy rating and two have assigned a Hold rating to the company. According to MarketBeat.com, the company has a consensus rating of “Buy” and an average target price of $520.00.

Linde Stock Performance

LIN stock opened at $470.37 on Wednesday. The company has a market cap of $220.56 billion, a P/E ratio of 33.45, a price-to-earnings-growth ratio of 3.09 and a beta of 0.93. Linde PLC has a 1 year low of $408.65 and a 1 year high of $487.49. 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 stock’s fifty day moving average price is $474.57 and its 200-day moving average price is $464.50.

Linde (NASDAQ:LIN) last announced its earnings results 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. The business had revenue of $8.50 billion for the quarter, compared to analysts’ expectations of $8.35 billion. Linde had a return on equity of 19.09% and a net margin of 20.20%.The business’s revenue for the quarter was up 2.3% on a year-over-year basis. During the same period last year, the firm posted $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. On average, equities analysts forecast that Linde PLC will post 16.54 earnings per share for the current 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 of this dividend was Thursday, September 4th. This represents a $6.00 dividend on an annualized basis and a dividend yield of 1.3%. Linde’s dividend payout ratio (DPR) is presently 42.67%.

Insider Buying and Selling at Linde

In other news, Director Stephen F. Angel sold 50,309 shares of Linde stock in a transaction on Thursday, August 7th. The shares were sold at an average price of $473.38, for a total transaction of $23,815,274.42. Following the transaction, the director owned 480,543 shares in the company, valued at $227,479,445.34. This trade represents a 9.48% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink. 0.70% of the stock is owned by corporate insiders.

About Linde

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.