Linde PLC $LIN Stock Position Lifted by GAMMA Investing LLC

Key Points

• GAMMA Investing LLC increased its stake in Linde PLC by 9.3% during the second quarter, acquiring an additional 679 shares for a total holding of 8,015 shares valued at approximately $3.76 million.
• Recent analysis shows that Linde PLC has received upgraded price targets from various analysts, with UBS raising its target to $504 and Citigroup increasing it to $535, reflecting a generally positive outlook.
• Linde recently declared a quarterly dividend of $1.50 per share, with an annualized yield of 1.3%, and has a payout ratio of 42.67%.

GAMMA Investing LLC grew its position in Linde PLC (NASDAQ:LIN - Free Report) by 9.3% during the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 8,015 shares of the basic materials company's stock after purchasing an additional 679 shares during the quarter. GAMMA Investing LLC's holdings in Linde were worth $3,760,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also bought and sold shares of the company. Breakwater Capital Group raised its position in Linde by 2.3% during the 2nd quarter. Breakwater Capital Group now owns 980 shares of the basic materials company's stock worth $460,000 after buying an additional 22 shares during the last quarter. Strategy Asset Managers LLC lifted its stake in Linde by 2.8% in the 1st quarter. Strategy Asset Managers LLC now owns 834 shares of the basic materials company's stock valued at $388,000 after buying an additional 23 shares in the last quarter. Diversify Advisory Services LLC lifted its stake in Linde by 2.5% in the 1st quarter. Diversify Advisory Services LLC now owns 999 shares of the basic materials company's stock valued at $450,000 after buying an additional 24 shares in the last quarter. IFP Advisors Inc raised its holdings in Linde by 0.8% in the 1st quarter. IFP Advisors Inc now owns 3,207 shares of the basic materials company's stock valued at $1,493,000 after acquiring an additional 24 shares during the last quarter. Finally, Richards Merrill & Peterson Inc. raised its holdings in Linde by 3.0% in the 1st quarter. Richards Merrill & Peterson Inc. now owns 816 shares of the basic materials company's stock valued at $380,000 after acquiring an additional 24 shares during the last quarter. 82.80% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

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

Linde Trading Down 0.3%

LIN stock traded down $1.25 on Monday, hitting $477.76. 1,562,462 shares of the company were exchanged, compared to its average volume of 1,761,068. The business's fifty day moving average is $473.50 and its two-hundred day moving average is $463.39. The stock has a market capitalization of $224.03 billion, a price-to-earnings ratio of 33.98, a price-to-earnings-growth ratio of 3.16 and a beta of 0.95. Linde PLC has a twelve month low of $408.65 and a twelve month high of $487.49. 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 - Get Free Report) last released 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. The business had revenue of $8.50 billion during the quarter, compared to analyst estimates of $8.35 billion. Linde had a net margin of 20.20% and a return on equity of 19.09%. The business's revenue was up 2.3% on a year-over-year basis. During the same period last year, the business earned $3.85 EPS. 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 forecast 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 $1.50 dividend. This represents a $6.00 dividend on an annualized basis and a dividend yield of 1.3%. The ex-dividend date was Thursday, September 4th. Linde's dividend payout ratio (DPR) is presently 42.67%.

Insider Activity

In related news, Director Stephen F. Angel sold 50,309 shares of Linde stock in a transaction dated Thursday, August 7th. The shares were sold at an average price of $473.38, for a total value of $23,815,274.42. Following the sale, the director directly owned 480,543 shares in the company, valued at $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 is available through this hyperlink. Insiders own 0.70% of the company's stock.

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.