May Hill Capital LLC Boosts Stock Holdings in Linde PLC $LIN

May Hill Capital LLC grew its position in shares of Linde PLC (NASDAQ:LIN) by 10.3% in the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 726 shares of the basic materials company’s stock after purchasing an additional 68 shares during the quarter. May Hill Capital LLC’s holdings in Linde were worth $341,000 as of its most recent SEC filing.

Several other institutional investors have also recently made changes to their positions in the company. IQ EQ FUND MANAGEMENT IRELAND Ltd increased its holdings in shares of Linde by 1.0% during the 2nd quarter. IQ EQ FUND MANAGEMENT IRELAND Ltd now owns 4,376 shares of the basic materials company’s stock valued at $2,053,000 after purchasing an additional 43 shares in the last quarter. Fjarde AP Fonden Fourth Swedish National Pension Fund increased its holdings in shares of Linde by 215.5% during the 2nd quarter. Fjarde AP Fonden Fourth Swedish National Pension Fund now owns 55,487 shares of the basic materials company’s stock valued at $26,033,000 after purchasing an additional 37,900 shares in the last quarter. SYM FINANCIAL Corp increased its holdings in shares of Linde by 4.9% during the 2nd quarter. SYM FINANCIAL Corp now owns 1,495 shares of the basic materials company’s stock valued at $701,000 after purchasing an additional 70 shares in the last quarter. Y Intercept Hong Kong Ltd increased its holdings in shares of Linde by 679.6% during the 2nd quarter. Y Intercept Hong Kong Ltd now owns 9,067 shares of the basic materials company’s stock valued at $4,254,000 after purchasing an additional 7,904 shares in the last quarter. Finally, Bessemer Group Inc. increased its holdings in shares of Linde by 5.9% during the 2nd quarter. Bessemer Group Inc. now owns 18,864 shares of the basic materials company’s stock valued at $8,850,000 after purchasing an additional 1,055 shares in the last quarter. 82.80% of the stock is owned by hedge funds and other institutional investors.

Insider Transactions at Linde

In other Linde 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 sale, the director owned 480,543 shares of the company’s stock, valued at $227,479,445.34. The trade was a 9.48% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. 0.70% of the stock is currently owned by company insiders.

Linde Price Performance

Shares of NASDAQ LIN opened at $444.82 on Tuesday. The firm has a market cap of $208.58 billion, a PE ratio of 31.64, a PEG ratio of 2.94 and a beta of 0.93. The firm has a fifty day moving average of $469.43 and a 200 day moving average of $464.82. The company has a debt-to-equity ratio of 0.49, a quick ratio of 0.78 and a current ratio of 0.93. Linde PLC has a one year low of $408.65 and a one year high of $486.38.

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. Linde had a net margin of 20.20% and a return on equity of 19.09%. The company had revenue of $8.50 billion for the quarter, compared to analysts’ expectations of $8.35 billion. During the same quarter in the previous year, the company posted $3.85 EPS. The firm’s quarterly revenue was up 2.3% on a year-over-year basis. 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, research 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 Wednesday, December 17th. Shareholders of record on Wednesday, December 3rd will be paid a dividend of $1.50 per share. This represents a $6.00 annualized dividend and a yield of 1.3%. The ex-dividend date of this dividend is Wednesday, December 3rd. Linde’s payout ratio is 42.67%.

Analyst Ratings Changes

Several equities analysts have recently weighed in on the stock. JPMorgan Chase & Co. lifted their target price on shares of Linde from $470.00 to $475.00 and gave the company an “overweight” rating in a report on Monday, August 4th. Weiss Ratings reissued a “buy (b)” rating on shares of Linde in a report on Wednesday, October 8th. Citigroup boosted their price target on shares of Linde from $530.00 to $535.00 and gave the stock a “buy” rating in a report on Monday, October 6th. Finally, UBS Group cut their price target on shares of Linde from $510.00 to $507.00 and set a “neutral” rating for the company in a report on Monday, October 6th. 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’s stock. According to MarketBeat, Linde presently has a consensus rating of “Buy” and a consensus target price of $520.00.

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.