Franklin Street Advisors Inc. NC Acquires 6,187 Shares of Linde PLC $LIN

Franklin Street Advisors Inc. NC boosted its holdings in Linde PLC (NASDAQ:LIN) by 13.0% during the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 53,635 shares of the basic materials company’s stock after acquiring an additional 6,187 shares during the quarter. Linde accounts for approximately 1.6% of Franklin Street Advisors Inc. NC’s holdings, making the stock its 21st largest position. Franklin Street Advisors Inc. NC’s holdings in Linde were worth $25,165,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also added to or reduced their stakes in the business. Barrett & Company Inc. bought a new position in Linde in the 2nd quarter valued at approximately $99,000. Mattern Capital Management LLC lifted its position in Linde by 0.5% in the 2nd quarter. Mattern Capital Management LLC now owns 23,624 shares of the basic materials company’s stock valued at $11,084,000 after acquiring an additional 121 shares in the last quarter. Hilltop National Bank purchased a new stake in Linde during the 2nd quarter valued at $583,000. Triad Wealth Partners LLC raised its stake in Linde by 13.7% during the 2nd quarter. Triad Wealth Partners LLC now owns 712 shares of the basic materials company’s stock valued at $334,000 after buying an additional 86 shares during the last quarter. Finally, Mirae Asset Global Investments Co. Ltd. raised its stake in Linde by 8.5% during the 2nd quarter. Mirae Asset Global Investments Co. Ltd. now owns 176,467 shares of the basic materials company’s stock valued at $82,795,000 after buying an additional 13,791 shares during the last quarter. 82.80% of the stock is owned by institutional investors.

Insider Activity at Linde

In other Linde news, Director Stephen F. Angel sold 50,309 shares of the stock in a transaction 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 completion of the sale, the director owned 480,543 shares in the company, 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 the SEC website. 0.70% of the stock is owned by company insiders.

Linde Trading Down 0.6%

NASDAQ:LIN opened at $466.73 on Friday. 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 firm has a market capitalization of $218.85 billion, a price-to-earnings ratio of 33.20, a price-to-earnings-growth ratio of 3.10 and a beta of 0.93. Linde PLC has a one year low of $408.65 and a one year high of $487.49. The business has a fifty day moving average price of $474.57 and a 200-day moving average price of $464.31.

Linde (NASDAQ:LIN) last posted its quarterly earnings data on Friday, August 1st. The basic materials company reported $4.09 EPS for the quarter, topping the consensus estimate of $4.03 by $0.06. The firm had revenue of $8.50 billion during the quarter, compared to analyst estimates of $8.35 billion. Linde had a return on equity of 19.09% and a net margin of 20.20%.Linde’s revenue was up 2.3% on a year-over-year basis. During the same period in the prior year, the business posted $3.85 EPS. Linde has set its FY 2025 guidance at 16.300-16.500 EPS. Q3 2025 guidance at 4.100-4.20 EPS. Sell-side analysts forecast that Linde PLC will post 16.54 EPS for the current year.

Linde Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Thursday, September 18th. Stockholders of record on Thursday, September 4th were paid a $1.50 dividend. This represents a $6.00 annualized dividend and a dividend yield of 1.3%. The ex-dividend date was Thursday, September 4th. Linde’s dividend payout ratio is 42.67%.

Analyst Ratings Changes

A number of equities research analysts have weighed in on LIN shares. 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. Royal Bank Of Canada started coverage on shares of Linde in a research note on Friday, June 13th. They set an “outperform” rating and a $576.00 target price for the company. Citigroup upgraded shares of Linde from a “neutral” rating to a “buy” rating and boosted their target price for the company from $500.00 to $535.00 in a research note on Monday, June 30th. UBS Group boosted their target price on shares of Linde from $485.00 to $504.00 and gave the company a “neutral” rating in a research note on Wednesday, July 9th. Finally, Weiss Ratings reiterated a “buy (b)” rating on shares of Linde in a research note on Saturday, September 27th. Two investment analysts have rated the stock with a Strong Buy rating, eight have given a Buy rating and two have assigned a Hold rating to the company’s stock. Based on data from MarketBeat.com, Linde presently has an average rating of “Buy” and an average price target of $519.63.

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.