826 Shares in Linde PLC $LIN Purchased by Integrity Alliance LLC.

Key Points

• Integrity Alliance LLC purchased 826 shares of Linde PLC, amounting to approximately $385,000 during the first quarter.
• Analysts have set a consensus target price of $519.63 for Linde, with 2 Strong Buy ratings and 7 Buy ratings among the analysts.
• Linde recently announced a quarterly dividend of $1.50 per share, representing an annualized yield of 1.2%.

Integrity Alliance LLC. acquired a new position in shares of Linde PLC (NASDAQ:LIN - Free Report) during the 1st quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm acquired 826 shares of the basic materials company's stock, valued at approximately $385,000.

A number of other hedge funds also recently added to or reduced their stakes in LIN. North Capital Inc. bought a new stake in Linde in the first quarter valued at $25,000. Putney Financial Group LLC bought a new stake in Linde in the fourth quarter valued at $31,000. Capital A Wealth Management LLC bought a new stake in Linde in the fourth quarter valued at $37,000. Abound Financial LLC bought a new stake in Linde in the first quarter valued at $41,000. Finally, Vermillion Wealth Management Inc. bought a new stake in Linde in the fourth quarter valued at $42,000. 82.80% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

A number of equities research analysts have issued reports on the company. UBS Group raised their target price on Linde from $485.00 to $504.00 and gave the company a "neutral" rating in a research note on Wednesday, July 9th. JPMorgan Chase & Co. raised 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. Citigroup raised 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 report on Monday, June 30th. Finally, 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. Two equities research analysts have rated the stock with a Strong Buy rating, seven have issued a Buy rating and two have assigned a Hold rating to the company. According to data from MarketBeat.com, the company has a consensus rating of "Buy" and a consensus target price of $519.63.

Insider Transactions at Linde

In related news, Director Stephen F. Angel sold 50,309 shares of Linde 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 transaction, the director directly owned 480,543 shares of the company's stock, valued at $227,479,445.34. The trade was a 9.48% decrease in their ownership of the stock. 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 currently owned by insiders.

Linde Stock Performance

Shares of LIN traded down $5.31 during trading hours on Monday, reaching $476.73. 1,130,740 shares of the company's stock traded hands, compared to its average volume of 1,623,274. The firm has a market capitalization of $223.54 billion, a price-to-earnings ratio of 33.91, a P/E/G ratio of 3.18 and a beta of 0.95. 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 PLC has a twelve month low of $408.65 and a twelve month high of $487.49. The business's fifty day simple moving average is $472.80 and its two-hundred day simple moving average is $462.99.

Linde (NASDAQ:LIN - Get Free Report) last released its earnings results on Friday, August 1st. The basic materials company reported $4.09 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $4.03 by $0.06. The firm 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%.Linde's revenue was up 2.3% compared to the same quarter last year. During the same period in the previous year, the company earned $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. Analysts predict that Linde PLC will post 16.54 earnings per share for the current year.

Linde Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Thursday, September 18th. Investors of record on Thursday, September 4th will be issued a dividend of $1.50 per share. This represents a $6.00 dividend on an annualized basis and a yield of 1.3%. The ex-dividend date of this dividend is Thursday, September 4th. Linde's 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.