Linde PLC $LIN Shares Bought by Garde Capital Inc.

Garde Capital Inc. raised its stake in Linde PLC (NASDAQ:LIN) by 69.0% during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 196 shares of the basic materials company’s stock after purchasing an additional 80 shares during the period. Garde Capital Inc.’s holdings in Linde were worth $92,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds also recently bought and sold shares of the company. North Capital Inc. acquired a new stake in shares of Linde during the 1st quarter worth about $25,000. Putney Financial Group LLC acquired a new stake in shares of Linde during the 4th quarter worth about $31,000. Abound Financial LLC acquired a new stake in shares of Linde during the 1st quarter worth about $41,000. Capital A Wealth Management LLC acquired a new stake in shares of Linde during the 4th quarter worth about $37,000. Finally, eCIO Inc. acquired a new stake in shares of Linde during the 1st quarter worth about $45,000. Institutional investors and hedge funds own 82.80% of the company’s stock.

Insider Buying and Selling at Linde

In other Linde news, Director Stephen F. Angel sold 50,309 shares of Linde stock in a transaction that occurred 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 transaction, the director directly owned 480,543 shares in the company, valued at approximately $227,479,445.34. This trade represents a 9.48% decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Company insiders own 0.70% of the company’s stock.

Analyst Ratings Changes

Several equities research analysts have recently weighed in on LIN shares. UBS Group raised their target price on Linde from $485.00 to $504.00 and gave the stock a “neutral” rating in a research report on Wednesday, July 9th. JPMorgan Chase & Co. raised their target price on Linde from $470.00 to $475.00 and gave the stock an “overweight” rating in a research report on Monday, August 4th. Royal Bank Of Canada initiated coverage on Linde in a research report on Friday, June 13th. They set an “outperform” rating and a $576.00 target price on the stock. Finally, Citigroup raised Linde from a “neutral” rating to a “buy” rating and lifted their price target for the stock from $500.00 to $535.00 in a research report on Monday, June 30th. Two analysts have rated the stock with a Strong Buy rating, seven have assigned a Buy rating and two have given a Hold rating to the stock. According to MarketBeat.com, the stock presently has an average rating of “Buy” and a consensus target price of $519.63.

Linde Trading Down 0.3%

LIN opened at $482.04 on Friday. The firm has a market cap of $226.03 billion, a price-to-earnings ratio of 34.28, a price-to-earnings-growth ratio of 3.19 and a beta of 0.95. Linde PLC has a 52 week low of $408.65 and a 52 week high of $487.49. The business’s 50 day moving average is $472.66 and its two-hundred day moving average is $462.91. The company has a quick ratio of 0.78, a current ratio of 0.93 and a debt-to-equity ratio of 0.49.

Linde (NASDAQ:LIN) last released its quarterly earnings results 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 company had revenue of $8.50 billion for 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%.The firm’s revenue was up 2.3% compared to the same quarter last year. During the same quarter in the previous year, the company 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, research analysts predict that Linde PLC will post 16.54 EPS for the current year.

Linde Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Thursday, September 18th. Shareholders of record on Thursday, September 4th will be paid a $1.50 dividend. 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 (DPR) is 42.67%.

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.