G&S Capital LLC Purchases 2,609 Shares of Linde PLC $LIN

Key Points

• G&S Capital LLC increased its position in Linde PLC by 96.2% by purchasing an additional 2,609 shares, bringing its total holdings to 5,320 shares valued at $2,496,000.
• Linde's stock is currently rated "Buy" by analysts, with an average target price of $519.63, following upgrades from several firms including Citigroup and Royal Bank of Canada.
• The company announced a quarterly dividend of $1.50 per share, translating to an annual yield of 1.3%, with a payout ratio of 42.67%.

G&S Capital LLC boosted its position in shares of Linde PLC (NASDAQ:LIN - Free Report) by 96.2% during the 2nd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 5,320 shares of the basic materials company's stock after acquiring an additional 2,609 shares during the period. G&S Capital LLC's holdings in Linde were worth $2,496,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in LIN. Breakwater Capital Group grew its stake in shares of Linde by 2.3% in the 2nd quarter. Breakwater Capital Group now owns 980 shares of the basic materials company's stock valued at $460,000 after purchasing an additional 22 shares during the period. Strategy Asset Managers LLC boosted its position 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 during the last quarter. Diversify Advisory Services LLC boosted its position 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 during the last quarter. IFP Advisors Inc lifted its stake in shares of 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 purchasing an additional 24 shares during the period. Finally, Richards Merrill & Peterson Inc. lifted its stake in shares of 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 purchasing an additional 24 shares during the period. 82.80% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

Several analysts recently commented on the company. Royal Bank Of Canada began coverage on Linde in a research note on Friday, June 13th. They set an "outperform" rating and a $576.00 price objective on the stock. Citigroup upgraded Linde from a "neutral" rating to a "buy" rating and raised their price objective for the company from $500.00 to $535.00 in a report on Monday, June 30th. UBS Group raised their target price on shares of Linde from $485.00 to $504.00 and gave the company a "neutral" rating in a research note on Wednesday, July 9th. Finally, JPMorgan Chase & Co. raised their price objective on shares of Linde from $470.00 to $475.00 and gave the stock an "overweight" rating in a research report on Monday, August 4th. Two 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. According to MarketBeat, the stock currently has an average rating of "Buy" and an average target price of $519.63.

Insider Buying and Selling at Linde

In other news, Director Stephen F. Angel sold 50,309 shares of the stock in a transaction that occurred 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 completion of the transaction, the director directly owned 480,543 shares of the company's stock, valued at $227,479,445.34. This represents a 9.48% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. 0.70% of the stock is owned by corporate insiders.

Linde Price Performance

LIN stock opened at $476.49 on Tuesday. The firm has a market cap of $223.43 billion, a price-to-earnings ratio of 33.89, a PEG ratio of 3.13 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 PLC has a 12-month low of $408.65 and a 12-month high of $487.49. The company's fifty day simple moving average is $474.74 and its 200 day simple moving average is $464.11.

Linde (NASDAQ:LIN - Get Free Report) last announced its quarterly earnings data on Friday, August 1st. The basic materials company reported $4.09 earnings per share for the quarter, beating 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 firm had revenue of $8.50 billion for the quarter, compared to analyst estimates of $8.35 billion. During the same quarter in the prior year, the business 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, analysts expect that Linde PLC will post 16.54 earnings per share for the current year.

Linde Dividend Announcement

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

About Linde

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.

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