Harbour Investments Inc. Has $775,000 Position in Linde PLC $LIN

Harbour Investments Inc. lessened its holdings in shares of Linde PLC (NASDAQ:LIN) by 2.6% during the 2nd quarter, according to its most recent disclosure with the SEC. The fund owned 1,652 shares of the basic materials company’s stock after selling 44 shares during the period. Harbour Investments Inc.’s holdings in Linde were worth $775,000 at the end of the most recent reporting period.

Other large investors also recently made changes to their positions in the company. North Capital Inc. bought a new stake in shares of Linde during the first quarter worth $25,000. Abound Financial LLC bought a new stake in shares of Linde during the first quarter worth $41,000. eCIO Inc. bought a new stake in shares of Linde during the first quarter worth $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 worth $51,000 after purchasing an additional 89 shares during the last quarter. Finally, Nova Wealth Management Inc. bought a new stake in shares of Linde during the first quarter worth $52,000. Institutional investors own 82.80% of the company’s stock.

Wall Street Analyst Weigh In

Several equities analysts recently issued reports on the company. Citigroup raised their price target on Linde from $530.00 to $535.00 and gave the company a “buy” rating in a report on Monday, October 6th. JPMorgan Chase & Co. raised their price target on Linde from $470.00 to $475.00 and gave the company an “overweight” rating in a report on Monday, August 4th. Weiss Ratings reiterated a “buy (b)” rating on shares of Linde in a report on Wednesday, October 8th. Finally, UBS Group reduced their target price on Linde from $510.00 to $507.00 and set a “neutral” rating on the stock in a report on Monday, October 6th. Two 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 company’s stock. Based on data from MarketBeat.com, Linde has an average rating of “Buy” and a consensus price target of $520.00.

Linde Price Performance

Shares of LIN opened at $450.89 on Friday. The company has a current ratio of 0.93, a quick ratio of 0.78 and a debt-to-equity ratio of 0.49. Linde PLC has a 1 year low of $408.65 and a 1 year high of $487.27. The stock has a market cap of $211.43 billion, a P/E ratio of 32.07, a price-to-earnings-growth ratio of 2.98 and a beta of 0.93. The stock’s 50-day moving average price is $472.69 and its two-hundred day moving average price is $464.07.

Linde (NASDAQ:LIN) last issued its earnings results on Friday, August 1st. The basic materials company reported $4.09 earnings per share (EPS) for the quarter, topping 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 quarter last year, the business earned $3.85 earnings per share. The company’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. On average, equities analysts predict that Linde PLC will post 16.54 earnings per share for the current year.

Linde Announces Dividend

The firm 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. 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 currently 42.67%.

Insider Activity at Linde

In other news, Director Stephen F. Angel sold 50,309 shares of the firm’s stock in a transaction dated 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 of the company’s stock, valued at $227,479,445.34. This trade represents a 9.48% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. 0.70% of the stock is currently owned by corporate insiders.

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.