GKV Capital Management Co. Inc. Has $1.86 Million Holdings in Linde PLC $LIN

GKV Capital Management Co. Inc. cut its holdings in shares of Linde PLC (NASDAQ:LIN) by 1.7% in the first quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 3,990 shares of the basic materials company’s stock after selling 70 shares during the quarter. GKV Capital Management Co. Inc.’s holdings in Linde were worth $1,858,000 as of its most recent SEC filing.

A number of other large investors also recently modified their holdings of LIN. North Capital Inc. acquired a new position in shares of Linde in the first quarter valued at $25,000. Putney Financial Group LLC acquired a new position in shares of Linde in the fourth quarter valued at $31,000. Dunhill Financial LLC acquired a new position in shares of Linde in the fourth quarter valued at $34,000. Abound Financial LLC acquired a new position in shares of Linde in the first quarter valued at $41,000. Finally, Capital A Wealth Management LLC acquired a new position in shares of Linde in the fourth quarter valued at $37,000. 82.80% of the stock is currently owned by institutional investors and hedge funds.

Linde Stock Performance

Shares of NASDAQ:LIN opened at $482.15 on Friday. The business’s fifty day moving average price is $470.89 and its two-hundred day moving average price is $461.78. Linde PLC has a fifty-two week low of $408.65 and a fifty-two week high of $487.49. The stock has a market capitalization of $226.08 billion, a price-to-earnings ratio of 34.29, a price-to-earnings-growth ratio of 3.19 and a beta of 0.92. The company has a debt-to-equity ratio of 0.49, a current ratio of 0.93 and a quick ratio of 0.78.

Linde (NASDAQ:LIN) last announced its quarterly earnings results on Friday, August 1st. The basic materials company reported $4.09 earnings per share for the quarter, beating analysts’ consensus estimates of $4.03 by $0.06. Linde had a return on equity of 19.09% and a net margin of 20.20%.The firm had revenue of $8.50 billion for the quarter, compared to analysts’ expectations of $8.35 billion. During the same period in the prior year, the business posted $3.85 earnings per share. The business’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, analysts predict that Linde PLC will post 16.54 EPS for the current fiscal year.

Linde Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Thursday, September 18th. Stockholders of record on Thursday, September 4th will be issued a dividend of $1.50 per share. This represents a $6.00 annualized dividend and a dividend yield of 1.2%. The ex-dividend date is Thursday, September 4th. Linde’s dividend payout ratio is presently 42.67%.

Wall Street Analysts Forecast Growth

A number of research analysts recently commented on LIN shares. Royal Bank Of Canada started coverage on Linde in a research note on Friday, June 13th. They issued an “outperform” rating and a $576.00 target price for the company. UBS Group upped their target price on Linde from $485.00 to $504.00 and gave the company a “neutral” rating in a research note on Wednesday, July 9th. Citigroup upgraded Linde from a “neutral” rating to a “buy” rating and upped their target price for the company from $500.00 to $535.00 in a research note on Monday, June 30th. Finally, JPMorgan Chase & Co. upped their price target on Linde from $470.00 to $475.00 and gave the company an “overweight” rating in a research report on Monday, August 4th. Two research analysts have rated the stock with a Strong Buy rating, seven have issued a Buy rating and two have issued a Hold rating to the company. Based on data from MarketBeat.com, the company currently has an average rating of “Buy” and an average target price of $519.63.

Insider Activity at Linde

In other 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 transaction of $23,815,274.42. Following 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 ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Insiders own 0.70% of the company’s stock.

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.