Lederer & Associates Investment Counsel CA Purchases Shares of 3,648 Linde PLC $LIN

Key Points

• Lederer & Associates Investment Counsel CA purchased 3,648 shares of Linde PLC valued at approximately $1.7 million, as disclosed in its recent SEC filing.
• Linde reported $4.09 earnings per share for the second quarter, exceeding analysts' expectations and indicating a year-over-year revenue growth of 2.3%.
• The company has announced a quarterly dividend of $1.50, which reflects an annualized yield of 1.3% and a payout ratio of 42.67%.

Lederer & Associates Investment Counsel CA bought a new position in shares of Linde PLC (NASDAQ:LIN - Free Report) during the second quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund bought 3,648 shares of the basic materials company's stock, valued at approximately $1,712,000.

Other institutional investors and hedge funds also recently modified their holdings of the company. North Capital Inc. acquired a new stake in shares of Linde during the first quarter worth $25,000. Putney Financial Group LLC purchased a new position in shares of Linde during the fourth quarter valued at $31,000. Abound Financial LLC purchased a new position in shares of Linde during the first quarter valued at $41,000. Capital A Wealth Management LLC purchased a new position in shares of Linde during the fourth quarter valued at $37,000. Finally, eCIO Inc. purchased a new position in shares of Linde during the first quarter valued at $45,000. 82.80% of the stock is owned by institutional investors and hedge funds.

Insider Buying and Selling at Linde

In related news, Director Stephen F. Angel sold 50,309 shares of the business'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 completion of the transaction, the director owned 480,543 shares of the company's stock, valued at approximately $227,479,445.34. The trade was a 9.48% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Corporate insiders own 0.70% of the company's stock.

Linde Stock Down 0.3%

Shares of NASDAQ:LIN traded down $1.25 on Monday, reaching $477.76. The company had a trading volume of 1,562,462 shares, compared to its average volume of 1,761,068. Linde PLC has a twelve month low of $408.65 and a twelve month high of $487.49. The stock has a 50-day moving average price of $473.50 and a 200 day moving average price of $463.39. The stock has a market capitalization of $224.03 billion, a P/E ratio of 33.98, a P/E/G ratio of 3.16 and a beta of 0.95. 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 - Get Free Report) last announced its quarterly earnings results on Friday, August 1st. The basic materials company reported $4.09 earnings per share 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 company had revenue of $8.50 billion during the quarter, compared to analysts' expectations of $8.35 billion. During the same quarter in the previous year, the firm earned $3.85 earnings per share. The business's quarterly 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 expect that Linde PLC will post 16.54 EPS for the current year.

Linde Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Thursday, September 18th. Investors of record on Thursday, September 4th were given a dividend of $1.50 per share. This represents a $6.00 annualized dividend and a dividend yield of 1.3%. The ex-dividend date of this dividend was Thursday, September 4th. Linde's payout ratio is currently 42.67%.

Analyst Ratings Changes

A number of research analysts have recently weighed in on the company. Royal Bank Of Canada assumed coverage on Linde in a report on Friday, June 13th. They set an "outperform" rating and a $576.00 price target on the stock. JPMorgan Chase & Co. lifted 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. UBS Group lifted their price target on Linde from $485.00 to $504.00 and gave the company a "neutral" rating in a report on Wednesday, July 9th. Finally, Citigroup upgraded Linde from a "neutral" rating to a "buy" rating and lifted their price target for the company from $500.00 to $535.00 in a report on Monday, June 30th. Two equities research analysts have rated the stock with a Strong Buy rating, seven have assigned a Buy rating and two have assigned a Hold rating to the stock. Based on data from MarketBeat.com, the company currently has an average rating of "Buy" and a consensus target price of $519.63.

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.